Middle East & Africa Medical Devices Market

Market Introduction

This research report provides insights into the Middle East & Africa Medical Devices market. A medical device can be a machine, instrument, apparatus, an article that is used to diagnose, monitor, and therapeutic purposes. A medical device plays an essential role, such as detection, measurement, restoration, and modification of the structure or a function of the body due to health problems or chronic medical conditions. There are various types of medical devices, which include glasses, pacemakers, wheelchairs, X-ray machines, MRI, CT scans, and many more.

Middle East & Africa Medical Devices Strategic Insights

Strategic insights for the Middle East & Africa 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.

Middle East & Africa Medical Devices Report Scope

Middle East & Africa Medical Devices Regional Insights

The geographic scope of the Middle East & Africa 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 Middle East & Africa Medical Devices is expected to reach US$ 21,802.3 million in 2027 from US$ 16,597.4 million in 2019; it is estimated to grow at a CAGR of 3.6% from 2020 to 2027. The Middle East & Africa region is witnessing significant growth in its healthcare sector. 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. 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. In December 2019, Saudi Arabia’s Food and Drug Authority launched a single platform to submit and authorize new medical applications. This single platform enables a single point of contact to deal with stringent regulations and guidelines, which will eventually increase the number of medical devices introductions in the market, leading to Saudi Arabia medical devices market growth. Further, the government and other organizations conduct conferences, symposiums, and meetings to educate the population and spread awareness about the technologically advanced and high standard medical device available in the market. For instance, the country organized a meeting on Parkinson's Disease and Other Movement Disorders in Jeddah in April 2019. After the success of this meeting, in November 2020, the 3rd Saudi Movement Disorders Conference will be held In Jeddah to focus on more therapies in the treatment of Parkinson's disease and other movement disorders. These constructive factors are projected to drive the Saudi Arabia medical devices market during the forecast period.

Key Market Segments

In terms of product type, the In Vitro Diagnostics (IVD) segment held the largest share of the market in 2019; However, neurology devices is estimated to register the highest CAGR of 8.8% in the market during the forecast period. The growing hospital incidences of hospital acquired infections and new developments by the market players is likely to drive the market growth. In terms of function, the Diagnostic and Monitoring segment held a larger share of the market in 2019 and surgical segment is estimated to register a higher market share in the market during the forecast period. In terms of end use, the hospital segment held a larger share of the market in 2019 and also is estimated to register a higher market share in the market during the forecast period.

Major Sources and Companies Listed

The World Health Organization (WHO), Food and Drug Administration (FDA), are some of the major primary and secondary sources for the Middle East & Africa Medical Devices market included in the report.

Reasons to buy the report

• To understand the Middle East & Africa Medical Devices market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for the Middle East & Africa Medical Devices market
• Efficiently plan M&A and partnership deals in the Middle East & Africa Medical Devices market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form the Middle East & Africa Medical Devices market
• Obtain market revenue forecast for market by various segments from 2019 to 2027 in the region

Middle East & Africa Medical Devices Market Segmentation

By

Product Type

• In Vitro Diagnostics (IVD)
• Surgical Device
  • Minimally invasive surgery instruments
  • Electrosurgical Generators
  • Ultrasonic Surgical Generators
  • Others
• General Medical devices
• Cardivascular devices
• Orthopedic
• Infection control devices
• Ophthalmology
• Endoscopy
• Neurology
• Others

By

Function

• Diagnostic and Monitoring
• Surgical
• Therapeutics
• Others

By End Use

• Hospital
• Ambulatory Care
• Homecare
• Others

Company Profiles

• Medtronic
• Abbott
• Boston Scientific Corporation
• Braun Melsungen AG
• 3M
• General Electric Company
• Stryker Corporation
• Koninklijke Philips N.V.
• Siemens AG;
• Johnson and Johnson Services, Inc.