Middle East and Africa Medical Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type ; Function, End Use and Country

November 2020 •
108 pages •
Report ID: 5999732 •
Format: PDF

Summary
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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.

Market Overview and Dynamics
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.

Middle East & Africa Medical Devices Market Segmentation
By Product Type
• In Vitro Diagnostics (IVD)
• Surgical Device
o Minimally invasive surgery instruments
o Electrosurgical Generators
o Ultrasonic Surgical Generators
o 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.

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