HomePress-release

Redding, California - November 14, 2024

Middle East Medical Devices Market to be Worth $8.8 Billion by 2031

Middle East Medical Devices Market Size, Share, Forecast, & Trends Analysis by Product (IVD, Monitoring, Imaging, Drug Delivery, Surgical, Bioimplant, Stimulation) Risk Type, Application (Cardiology, General Surgery, Orthopedic) End User - Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Middle East Medical Devices Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication, the Middle East medical devices market is projected to reach $8.8 billion by 2031, at a CAGR of 4.6% during the forecast period.

This market is experiencing growth driven by several factors: the increasing prevalence of chronic diseases coupled with a geriatric population, technological advancements in medical devices, growing awareness about advanced medical technologies, and rising initiatives to increase accessibility to treatment. However, the high cost of advanced medical devices and lack of awareness of advanced technologies hinder the market’s growth.

Furthermore, expanding healthcare services in the Middle East and the growing medical tourism sector in the region are key factors expected to offer growth opportunities for the players operating in this market. However, a shortage of skilled medical professionals is a major challenge impacting market growth.

Key Players

The key players operating in the Middle East medical devices market are Medtronic plc (Ireland), Koninklijke Philips N.V. (Netherlands), GE HealthCare Technologies Inc. (U.S), Abbott Laboratories (U.S.), Smith+Nephew. (U.K.), Coloplast Corp. (Denmark), Saudi Mais CO. (Saudi Arabia), Zimmer Biomet. (U.S), Siemens Healthineers AG (Germany), F. Hoffmann-La Roche Ltd. (Switzerland), Becton, Dickinson and Company. (U.S), Olympus Corporation (Japan), Johnson & Johnson Services, Inc. (U.S.), and Cardinal Health Inc. (U.S.).

Middle East Medical Devices Market: Future Outlook

The Middle East medical devices market is segmented based on Product, Risk Type, Application, End User, and Geography. The study also evaluates industry competitors and analyzes the market at the regional level.

By product, in 2024, the monitoring devices segment is expected to account for the largest share of the Middle East medical devices market. The large share of the segment is attributed to the growing use of real-time diagnostic testing for the precise diagnosis of infectious and chronic diseases such as cancer, HIV/AIDS, and diabetes. The rising patient population with diabetes requires continuous monitoring for blood sugar control, driving the demand for continuous glucose monitoring devices. Additionally, Point-of-Care (PoC) devices offer benefits such as cost reduction, greater convenience for both patients and clinicians, shorter waiting times for results, and improved testing quality. These factors are expected to further drive market growth.

By Risk Type, in 2024, the moderate-risk medical devices segment is expected to account for the largest share of the Middle East medical devices market. This large share is attributed to the frequent use of devices such as syringes and wound management devices and the growing demand for catheters driven by the rising elderly population. Additionally, the widespread adoption of self-pregnancy test kits contributes to the increasing use of moderate-risk medical devices in African countries.

By application, in 2024, the cardiology segment is expected to account for the largest share of the Middle East medical devices market. The large market share of this segment can be attributed to the rising prevalence of heart-related diseases in Middle Eastern countries. According to the World Heart Federation (WHF), cardiovascular disease is the leading cause of death in the Middle East and North Africa, responsible for around 1.4 million deaths annually—more than one-third of all deaths in the region. The growing number of patients affected by cardiovascular diseases presents significant growth opportunities for the Middle Eastern medical devices market. Additionally, the integration of advanced technologies, such as robotics-assisted surgical devices and artificial intelligence, is driving innovation and further supporting market growth.

By end user, in 2024, the hospitals and clinics segment is expected to account for the largest share of the Middle East medical devices market. The rising prevalence of chronic and other non-communicable diseases is leading to increased patient visits to hospitals. Additionally, advancements in healthcare infrastructure and the growth of medical tourism are further driving the market.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of the market in Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain, Egypt, Israel, Oman, Turkey, Jordan, Lebanon, and the Rest of the Middle East.

By geography, in 2024, Saudi Arabia is expected to account for the largest share of the Middle East medical devices market. The presence of major medical device manufacturers, high healthcare expenditures, emerging economies, rising prevalence of chronic diseases, increasing number of surgical procedures, and advancing healthcare infrastructure contribute to the largest share of the segment.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6101

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of product, risk type, application, end user, and country?
What was the historical market size for medical devices across the region?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the Middle East medical devices market?
Who are the major players operating in the Middle East medical devices market?
What is the competitive landscape like, and who are the market leaders in the Middle East medical devices market?
What are the recent developments in the Middle East medical devices market?
What are the various strategies adopted by major players in the Middle East medical devices market?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

3D Printing

5G Technology

Advanced Chemical & Materials

Agrochemicals

Algae Products

Alternative Proteins

Animal Health

Artificial Intelligence

Automotive Technologies

Big Data Analytics

Climate Technologies

Edible Insects

Electric Vehicle

Food & Agriculture Technologies

Hydrogen Technologies

Internet Of Things

In Vitro Diagnostics

Laboratory Instrumentation

Language Learning Technologies

Medical Technologies

Next Generation Technologies

Processing & Packaging Technologies

Robotics & Automation

Smart Technologies

Water & Wastewater Technologies

Miscellaneous / Others

Redding, California - November 14, 2024

Middle East Medical Devices Market to be Worth $8.8 Billion by 2031

Middle East Medical Devices Market Size, Share, Forecast, & Trends Analysis by Product (IVD, Monitoring, Imaging, Drug Delivery, Surgical, Bioimplant, Stimulation) Risk Type, Application (Cardiology, General Surgery, Orthopedic) End User - Forecast to 2031

Recommended Readings

Advanced Chemical &
Materials

Food & Agriculture
Technologies

Next Generation
Technologies

Processing & Packaging
Technologies

Water & Wastewater
Technologies