Middle East and Africa Defibrillator Market

Market Introduction

The United Arab Emirates (UAE), Saudi Arabia and South Africa are the 3 major countries in the Middle East and South Africa. Saudi Arabia was the largest market for Defibrillator in this region in 2021. The market for Defibrillator in the Middle East and Africa is anticipated to grow at a CAGR 3.8% during the forecast period; this growth is attributed to the rising prevalence of various diseases and increasing government initiatives in terms of funding and healthcare related policies. Saudi Arabia is one of the fastest developing regions in the Middle East and Africa, with a large population base and rising chronic disease prevalence. Saudi Arabia's health care system is a national health-care system in which the government offers free medical services through a variety of government entities. The private sector is also playing an increasingly important role in the delivery of health care services, with rising engagement. Saudi Arabia is one of the fastest growing regions in the Middle East & Africa, whose growth is driven by a vast population base and increasing prevalence of cardiovascular disease. As per the NCBI, the prevalence of COPD in Saudi Arabia is 5.5% among the general population. Greater awareness of health issues and increasing consumption of healthcare services sustain a substantial market for medical equipment. The government of Saudi Arabia is promoting and offering several incentives for domestic manufacturing for the medical devices, which in turn can drive the overall market growth in this country. The factors such as increasing cases of hypertension, obesity, diabetes, along with the rising healthcare expenditure and increasing number of immigrants, are expected to drive the growth rate of defibrillator segment.

The increasing number of COVID-19 cases and poor healthcare infrastructure, especially in Africa, has put a massive strain on the healthcare industry. The Middle East & Africa saw an increase in demand for defibrillators as an essential device for the care of COVID-19 patients but the lack of supply in the region by local players and demand from other regions for defibrillators adversely affected the market. Donations from other regions and supply from companies outside the region aided in the demand for defibrillators in the region but fell short, especially in Africa.

Middle East and Africa Defibrillator Strategic Insights

Strategic insights for the Middle East and Africa Defibrillator provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East and Africa Defibrillator Report Scope

Middle East and Africa Defibrillator Regional Insights

The geographic scope of the Middle East and Africa Defibrillator refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The defibrillator market in Middle East & Africa is expected to grow from US$ 529.01 million in 2021 to US$ 688.80 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028. Technological advancements; technological advancements and increased investments in defibrillators by private players are leading to significant future trends in the defibrillator market. In October 2020, Abbott Laboratories launched its new Gallant ICD and CRT-D that enable patient management and remote monitoring through smartphone connectivity and apps. Likewise, in June 2021, ZOLL improved its defibrillator management software, which was highly vulnerable to unrestricted file upload bugs, insecure password storage, and a privilege escalation issue. In September 2019, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. launched the BeneHeart C Series of AEDs with smarter operations and faster shock delivery to achieve better resuscitation outcomes for sudden cardiac arrest (SCA). The products range is available in fully automatic and semi-automatic versions, with up to 360 Joules energy and unique ResQNavi technology. This is bolstering the growth of the defibrillator market.

Key Market Segments

Based on product, the market is segmented into implantable cardioverter defibrillator (ICD) and external. In 2020, the implantable cardioverter defibrillator segment held the largest share Middle East & Africa defibrillator market. The implantable cardioverter defibrillator is further sub-segmented into transvenous ICD and subcutaneous ICD. The transvenous ICD segment accounts for largest market share in the 2020. Similarly, the external segment is sub-segmented into manual, wearable, and fully automated external defibrillators. In 2020, the manual segment held the largest share of the market. Based on end user, the Middle East & Africa defibrillator market is segmented into hospitals and clinics, prehospital care, public access, home care settings, and alternate care facilities. The hospitals and clinics segment held the largest share of the market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the defibrillator market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Abbott; Boston Scientific Corporation; Koninklijke Philips N.V.; Medtronic; Nihon Kohden Corporation; Shenzhen Mindray Biomedical Electronics Co., Ltd; and ZOLL MEDICAL CORPORATION among others.

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MIDDLE EAST & AFRICA DEFIBRILLATOR MARKET SEGMENTATION

By Product

• Implantable Cardioverter Defibrillator
  • Transvenous ICD
  • Subcutaneous ICD
• External
  • Manual
  • Fully Automated External Defibrillators
  • Wearable

By

End User

• Hospitals and Clinics
• Prehospital Care
• Public Access
• Alternate Care Facilities
• Home Care Settings

By Country

• Saudi Arabia
• South Africa
• UAE
• Rest of Middle East & Africa

Company Profiles

• Abbott
• Boston Scientific Corporation
• Koninklijke Philips N.V.
• Medtronic
• Nihon Kohden Corporation
• Shenzhen Mindray Biomedical Electronics Co., Ltd
• ZOLL MEDICAL CORPORATION