Middle East and Africa Home Medical Devices Market
Middle East & Africa consists of three major countries namely United Arab Emirates (UAE), Saudi Arabia and South Africa. The market is driven by the factors such as increasing government initiatives, growing number of research and development activities, and increasing number of market players in the region. South Africa is one of the fastest developing regions in the Middle East & Africa, whose growth is driven by growing number of business transactions, developing healthcare infrastructure, and rising awareness of medical devices. Growing encouragement for adoption and acceptance of advanced technologies is also representing a huge opportunity for the growth of the market. The underdeveloped medical devices market in South Africa offers potential for growth, but faces restraints such as poor infrastructure, funding issues, and staff shortages. Opportunities will exist for exporters of medical equipment as the government encourages extensive upgrades and development of hospital infrastructure. The private healthcare sector is highly sophisticated and boasts world class facilities with several centers of excellence. around 91% of medical devices are imported in South Africa. The private sector in medical community does not favor refurbished medical devices and market opportunities for refurbished medical devices are limited.
The COVID-19 pandemic has substantially impacted the Middle East and Africa. The number of growing COVID-19 cases has been reported, such as South Africa (1,529,420), Israel (818,548), UAE (426,397), and Saudi Arabia (382,407) on March 15, 2021. The pandemic has increased the demand for home medical devices. The region has observed an increasing number of patients being admitted to intensive care units (ICU) and a rising number of medications imposing multiple diagnostic and therapeutic challenges on stressed healthcare systems. This has led to a rise in medical devices. As of January, due to the rising need for medical devices, the prices have come down. For instance, the UAE patients are continuously buying COVID-19 oximeters as the device becomes increasingly affordable. The price of the oximeter has come down from a range of Dh200 (USD 54.45) plus to Dh29 (USD 7.90) and onward. Due to the growing infection rate in South Africa, the UAE, and other MEA countries, an increasing need for accurate pulse oximetry, particularly at home, has been observed. Moreover, A Samsung, Seoul, South Korea, Samsung S9+ smartphone containing Maxim Integrated biosensors, associated with the proprietary Samsung Health App containing preloaded Apps to perform pulse oximetry, are, therefore, in use globally.
Strategic insights for the Middle East and Africa Home Medical Devices 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,058.29 Million |
| Market Size by 2028 | US$ 1,529.54 Million |
| Global CAGR (2021 - 2028) | 5.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Functionality
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Home Medical Devices 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 home medical devices market in MEA is expected to grow from US$ 1,058.29 million in 2021 to US$ 1,529.54 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. Homecare setting in developing countries; growing developments for the healthcare in various developing countries are expected to serve vital growth opportunities for the market’s growth. As the home care has been proved to be a promising option for offering care to old people, people suffering from chronic diseases, and patients with disability, home care is emerging significantly in developing countries. The growth of homecare setting in the developing region is broadly influenced by the factors such as shift in the epidemiological landscape of diseases, demographic trends, user-centered services, availability of new support technologies, and growing demand to reconfigure health systems to improve responsiveness, continuity, efficiency, and equity. Likewise, the growing government programs, initiatives, and investments are enabling the growth of medical technologies, which is eventually leading to the growth of home medical devices market.
Based on functionality, the home medical device market is segmented into testing, screening and monitoring equipment, therapeutic products, mobility care products, biofeedback instruments, electrical stimulation devices, and muscle stimulators. In 2020, the testing, screening and monitoring equipment segment held the largest share of the market and is also expected to grow at the fastest rate during the coming years. Based on the services home medical device market is segmented into skilled nursing services, rehabilitation therapy services, hospice and palliative care services, respiratory therapy services, infusion therapy services, pregnancy care services, and unskilled care services. In 2020, the skilled nursing services segment held the largest share of the market and is expected to grow at the fastest rate during the coming years. Based on distribution channel, the home medical device market is segmented into hospital pharmacies, retail pharmacies, and online retailers. The hospital pharmacy segment held the largest share of the market in 2020.
A few major primary and secondary sources referred to for preparing this report on the home medical devices market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Abbott, B. Braun Melsungen AG, Baxter International Inc, F. HOFFMANN-LA ROCHE LTD, GE Healthcare, Johnson and Johnson Services, Inc., Koninklijke Philips N.V., Medline Industries, Inc and Medtronic.
The Middle East and Africa Home Medical Devices Market is valued at US$ 1,058.29 Million in 2021, it is projected to reach US$ 1,529.54 Million by 2028.
As per our report Middle East and Africa Home Medical Devices Market, the market size is valued at US$ 1,058.29 Million in 2021, projecting it to reach US$ 1,529.54 Million by 2028. This translates to a CAGR of approximately 5.4% during the forecast period.
The Middle East and Africa Home Medical Devices Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Home Medical Devices Market report:
The Middle East and Africa Home Medical Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Home Medical Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Home Medical Devices Market value chain can benefit from the information contained in a comprehensive market report.
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