
Middle East and Africa Respiratory Care Devices Market
No. of Pages: 258 | Report Code: BMIRE00025655 | Category: Life Sciences
No. of Pages: 258 | Report Code: BMIRE00025655 | Category: Life Sciences
The Middle East and Africa respiratory care devices market is expected to grow from US$ 921.48 million in 2022 to US$ 1,381.81 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2022 to 2028.
The advancement in respiratory care devices has increased in the last few years, mainly during the COVID-19 pandemic. During the pandemic, to avoid the infection, demand for home respiratory care products and services increased and led to several innovations in the segment. Additionally, patients' acceptance for out of hospital respiratory care devices created an opportunistic pool for existing market leaders and new players. The emergence of various start-ups and the rise in number of product launches by local and regional players would create growth opportunities for market in the coming years. Key players adopt strategies such as mergers and collaborations to maintain their position in the industry. For instance, in May 2022, Alkem Laboratories launched Innohaler, a dry powder inhaler (DPI) gadget designed to be used by Asthma and COPD patients. This indicates the right opportunity hit by Alkem to address the gap in access to respiratory disease treatment. Moreover, owing to the rising cases of sleep apnea, the positive airway pressure (PAP) devices emerged as the best home care therapeutic devices. Additionally, due to a shortage of ventilators and oxygen cylinders in hospitals, patients preferred ventilators and oxygen therapy at home. As a result, there was a considerable surge in demand for home care respiratory devices, which led to the expansion of the home respiratory therapy industry.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the respiratory care devices market growth at a notable CAGR during the forecast period.
Middle East and Africa Respiratory Care Devices Market Revenue and Forecast to 2028 (US$ Million)
Middle East and Africa Respiratory Care Devices Market Segmentation
The market for Middle East and Africa respiratory care devices market is segmented into product, indication, end user and country. Based on product, the market is segmented into therapeutic devices, monitoring devices, diagnostics devices, and consumables & accessories. The market for the therapeutics devices segment is sub segmented into positive airway pressure (PAP) devices, oxygen concentrator, ventilators, inhalers, nebulizers, humidifiers, and others. The market for the monitoring device segment is sub segmented into pulse oximeters, scenography, and gas analyzers. The market for the diagnostic devices segment is further segmented into spirometers, polysomnography devices, peak flow meters, and other diagnostic devices. The market for the consumables & accessories segment is sub segmented into masks, disposable resuscitators, tracheostomy tubes, breathing circuits, and other consumables and accessories. By indication, the market is segmented into chronic obstructive pulmonary disease (COPD), sleep apnea, asthma, infectious diseases, and others. Based on end user, the Middle East and Africa respiratory care devices market is divided into hospitals, home care, and ambulatory care. Based on country, the Middle East and Africa respiratory care devices market is segmented into South Africa, Saudi Arabia, the UAE, and Rest of Middle East and Africa.
Middle East and Africa Respiratory Care Devices Market—Companies Mentioned
Koninklijke Philips N.V.; ResMed Inc.; Medtronic; Masimo; THERMO FISHER SCIENTIFIC INC; Dragerwerk AG & Co. KGaA; Getinge AB.; Nihon Kohden Corporation; Air Liquide; and Teleflex Incorporated are a few major companies operating in the Middle East and Africa respiratory care devices market.
Strategic insights for the Middle East and Africa Respiratory Care 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 2022 | US$ 921.48 Million |
Market Size by 2028 | US$ 1,381.81 Million |
Global CAGR (2022 - 2028) | 7.0% |
Historical Data | 2020-2021 |
Forecast period | 2023-2028 |
Segments Covered |
By Product
|
Regions and Countries Covered | Middle East and Africa
|
Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Respiratory Care 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 and Africa Respiratory Care Devices Market is valued at US$ 921.48 Million in 2022, it is projected to reach US$ 1,381.81 Million by 2028.
As per our report Middle East and Africa Respiratory Care Devices Market, the market size is valued at US$ 921.48 Million in 2022, projecting it to reach US$ 1,381.81 Million by 2028. This translates to a CAGR of approximately 7.0% during the forecast period.
The Middle East and Africa Respiratory Care 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 Respiratory Care Devices Market report:
The Middle East and Africa Respiratory Care 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 Respiratory Care Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Respiratory Care Devices Market value chain can benefit from the information contained in a comprehensive market report.