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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
Report ID: MRHC - 1041418 Pages: 280 Nov-2024 Formats*: PDF Category: Healthcare Delivery: 24 to 72 Hours Download Free Sample ReportThe growth of this market is driven by the increasing prevalence of chronic diseases coupled with geriatric populations, supportive initiatives for strengthening healthcare in Saudi Arabia and UAE, and the expansion of medical device companies in the Middle East & Middle East. Furthermore, expanding healthcare services in the Middle East and emerging medical tourism in Middle Eastern countries are expected to generate growth opportunities for the stakeholders in this market.
The growing global burden of the geriatric population is contributing to an increase in chronic diseases such as cancer, diabetes, kidney disorders, stroke, and heart disease. According to the National Institute of Health (NIH), chronic diseases were a major public health issue in 2021, with Oman reporting 185.75 deaths per 100,000 population due to these conditions. The rising prevalence of chronic diseases is attributed to factors such as tobacco use, physical inactivity, alcohol consumption, unhealthy diets, air pollution, genetics, and viruses. Cancer, in particular, has become one of the most costly diseases worldwide, significantly impacting individuals' lives globally. For example, according to GLOBOCAN, 28,113 new cancer cases were diagnosed in Saudi Arabia in 2022, and this number is expected to rise to 39,900 by 2030.
The geriatric population is more vulnerable to a range of chronic diseases, including hearing loss, chronic obstructive pulmonary disease (COPD), diabetes, dementia, joint pain, osteoarthritis, and refractive errors. According to the Telecommunications and Digital Government Regulatory Authority (TDRA), in 2021, 11.8% of the UAE's population was affected by diabetes. Medical devices play a crucial role in treating chronic conditions and supporting surgeries. As the prevalence of chronic diseases rises alongside the growing geriatric population, the demand for medical devices in the Middle East is expected to increase, driving market growth.
In recent years, new medical devices with advanced features and greater efficiency have been introduced to the market, surpassing conventional devices. Ongoing research and development in medical devices have resulted in improved communication, enhanced patient care and safety, better access to medical records, more accurate diagnostics and treatment, and streamlined medical administration—all while reducing hospital costs. For example, in February 2024, Zylox-Tonbridge Medical Technology Co., Ltd. (China) received marketing approval from the Ministry of Health and Prevention in the United Arab Emirates for five medical devices, including the ZENFluxion Drug-coated PTA Balloon Catheter, ZENFlow HP PTA Balloon Catheter, ZENFlow PTA Balloon Catheter, ZENFlex Peripheral Stent System, and ZENFLEX Pro Peripheral Drug-eluting Stent System.
In addition, in December 2022, the government of Saudi Arabia collaborated with Medtronic plc (U.S.) to launch a ventilator for the intensive care unit (ICU). Therefore, technological advancements in medical devices are driving the medical device market.
Numerous medical device companies are aiming for partnerships and collaborations to innovate offerings and improve accessibility to medical treatments in the region. For instance, in June 2024, The Department of Health in Abu Dhabi partnered with Novartis AG (Switzerland) and AstraZeneca PLC (U.K). This partnership aims for two primary areas, which are advancing clinical genomics research for real-world data and generating evidence for research on radioligand therapy for cancer patients.
Thus, increasing partnerships and collaborations by the Medical Devices companies creates a growth opportunity for the market.
The rise in surgical procedures can be attributed to the increasing number of injuries, accidental cases, and chronic diseases. Many surgeries treat various injuries or diseases, such as cardiology, gastrointestinal surgery, orthopedic surgery, nephrology, neurology, and other general surgeries.
World Heart Federation (WHF), cardiovascular disease is the number one cause of death in the Middle East and North Middle East region. About 1.4 million deaths are caused due to cardiovascular disease every year in the Middle East and the northern Middle East region.
In July 2023, The Ministry of Health (MOH) provided a statement that there were around 170,000 non-critical surgeries performed in various surgical specialties. According to the Ministry of Health (MOH), In 2023, there were about 177,744 surgeries carried out in hospitals where general surgery topped the list with 21%, gynecology with 13%, and eye surgery with 13% all around Saudi Arabia’s region. In September 2024, Saudi Arabia’s hospital performed the world’s first fully robotic-assisted heart transplant surgery on a 16-year-old patient. According to the World Health Organization (WHO), In 2022, in Saudi Arabia, there were 28,113 new cases of cancer and there were 13,399 new casualties. Thus, an increasing number of surgical procedures is expected to create an opportunity for market growth.
Based on products, the Middle East medical devices market is segmented into monitoring devices, diagnostic devices, drug delivery devices, surgical devices, bio implants & stimulation devices, automation & robotics, imaging devices, and other devices. In 2024, the monitoring devices segment is estimated to account for the largest share of the Middle East medical devices market.
The large market share of this segment is attributed to the increasing demand for medical devices for surgical procedures in the Middle East, technological advancements in medical devices, and increasing healthcare expenditure. For instance, the United Arab Emirates Ministry of Finance (UAEMF) announced a budget for 2023-2026 of 4.8 billion (7.6% of the total general budget) for healthcare and community protection.
The report includes a competitive landscape based on an extensive assessment of the key strategic developments that led market participants to adopt over the past years. The key players profiled in the global biopharmaceutical processing equipment and consumables market report 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.), Novartis AG (Switzerland), and Cardinal Health. (U.S.).
Particulars |
Details |
Number of Pages |
280 |
Format |
|
Forecast Period |
2024–2031 |
Base Year |
2023 |
CAGR (Value) |
4.6% |
Market Size (Value) |
USD 8.8 Billion by 2031 |
Segments Covered |
By Product
By Risk Type
By Application
By End User
|
Countries Covered |
Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain, Egypt, Israel, Oman, Turkey, Jordan, Lebanon and the Rest of the Middle East |
Key Companies |
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. (U.S.) |
The Middle East Medical Devices market size was valued at $6 billion in 2023.
The market is projected to grow from $6.4 billion in 2024 to $8.8 billion by 2031.
The Middle East medical devices market analysis indicates significant growth, reaching $8.8 billion by 2031 at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
The key companies operating in this market include 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.), Novartis AG (Switzerland), and Cardinal Health. (U.S.).
A prominent market trend in Middle Eastern medical devices is the rising investments by key players, the integration of AI and robotics in medical devices, and the increasing adoption of wearable devices.
By country, Saudi Arabia holds the largest Middle Eastern medical devices market share in 2024. However, the United Arab Emirates is expected to witness the fastest growth, driven by technological advancements in medical devices, rising awareness for early disease diagnosing and treating, and partnerships & collaborations for medical devices.
The primary drivers of the Middle East medical devices market are the increasing prevalence of chronic diseases coupled with geriatric populations, supportive initiatives for strengthening healthcare in Saudi Arabia and the UAE, and the expansion of medical device companies in the Middle East.
1. Market Definition & Scope
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation Process
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.1.1. Bottom-up Approach
2.3.1.2. Top-down Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Segmental Analysis
3.2.1. Middle East Medical Devices Market Analysis, by Product
3.2.2. Middle East Medical Devices Market Analysis, by Risk Type
3.2.3. Middle East Medical Devices Market Analysis, by Application
3.2.4. Middle East Medical Devices Market Analysis, by End User
3.3. Regional Analysis
3.4. Key Players & Competitive Scenario
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Increasing Prevalence of Chronic Diseases Coupled with Geriatric Populations
4.2.1.2. Supportive Initiatives for Strengthening Healthcare in Saudi Arabia and UAE
4.2.1.3. Expansion of Medical Device Companies in Middle East
4.2.2. Restraints
4.2.2.1. High Cost of Advanced Medical Devices
4.2.2.2. Lack of Awareness of Advanced Technologies
4.2.3. Opportunities
4.2.3.1. Expanding Healthcare Services in Middle East Emerging
4.2.3.2. Emerging Medical Tourism in Middle Eastern Countries
4.2.4. Challenges
4.2.4.1. Shortage of Skilled Medical Professionals
4.2.5. Factor Analysis
4.2.6. Trends
4.2.6.1. Rising Investments by Key Players
4.2.6.2. Integration of AI And Robotics in Medical Devices
4.2.6.3. Increasing Adoption for Wearable Devices
4.3. Regulatory Analysis
4.4. Pricing Analysis
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of Substitutes
4.5.4. Threat of New Entrants
4.5.5. Degree of Competition
5. Middle East Medical Devices Market Assessment—by Product
5.1. Overview
5.2. Monitoring Devices
5.3. Diagnostic devices
5.4. Drug delivery devices
5.5. Surgical Devices
5.6. Bio implants & Stimulation Devices
5.7. Automation & Robotics
5.8. Imaging Devices
5.9. Other Devices
6. Middle East Medical Devices Market Assessment —by Risk Type
6.1. Overview
6.2. Low-risk Medical Devices
6.3. Moderate Risk Medical Devices
6.4. High-risk Medical Devices
7. Middle East Medical Devices Market Assessment—by Application
7.1. Overview
7.2. Cardiology
7.3. Diagnostic Imaging
7.4. General Surgery
7.5. Orthopedics
7.6. Other Applications
8. Middle East Medical Devices Market Assessment—by End User
8.1. Overview
8.2. Hospitals & Clinics
8.3. Ambulatory Surgery Centers
8.4. Diagnostic Centers & Laboratories
8.5. Pharmacies
8.6. Other End Users
9. Middle East Medical Devices Market Assessment–by Geography
9.1. Overview
9.2. Saudi Arabia
9.3. United Arab Emirates
9.4. Kuwait
9.5. Qatar
9.6. Bahrain
9.7. Egypt
9.8. Israel
9.9. Oman
9.10. Turkey
9.11. Jordan
9.12. Lebanon
9.13. Rest of Middle East
10. Competitive Landscape
10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Competitive Dashboard
10.4.1. Industry Leaders
10.4.2. Market Differentiators
10.4.3. Vanguards
10.4.4. Contemporary Stalwarts
10.5. Market Share/Ranking Analysis, by the Key Players, 2023
11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments, and SWOT Analysis*)
11.1. Medtronic plc
11.2. Koninklijke Philips N.V.
11.3. GE HealthCare Technologies Inc.
11.4. Abbott Laboratories
11.5. Smith+Nephew
11.6. Coloplast Corp.
11.7. Saudi Mais CO.
11.8. Zimmer Biomet
11.9. Siemens Healthineers AG
11.10. F. Hoffmann-La Roche Ltd.
11.11. Becton, Dickinson and Company
11.12. Olympus Corporation
11.13. Johnson & Johnson Services, Inc.
11.14. Cardinal Health Inc.
(Note: SWOT Analysis will be provided of the Top 5 Companies)
12. Appendix
12.1. Available Customization
12.2. Related Reports
List of Tables
Table 1 Middle East Medical Devices Market, by Product, 2022–2031 (USD Million)
Table 2 Middle East Medical Devices Market for Monitoring Devices, by Country/Region, 2022–2031 (USD Million)
Table 3 Middle East Medical Devices Market for Diagnostic Devices, by Country/Region, 2022–2031 (USD Million)
Table 4 Middle East Medical Devices Market for Drug Delivery Devices, by Country/Region, 2022–2031 (USD Million)
Table 5 Middle East Medical Devices Market for Surgical Devices, by Country/Region, 2022–2031 (USD Million)
Table 6 Middle East Medical Devices Market for Bio implants & Stimulation Devices, by Country/Region, 2022–2031 (USD Million)
Table 7 Middle East Medical Devices Market for Automation & Robotics, by Country/Region, 2022–2031 (USD Million)
Table 8 Middle East Medical Devices Market for Imaging Devices, by Country/Region, 2022–2031 (USD Million)
Table 9 Middle East Medical Devices Market for Other Devices, by Country/Region, 2022–2031 (USD Million)
Table 10 Middle East Medical Devices Market, by Risk Type, 2022–2031 (USD Million)
Table 11 Middle East Medical Devices Market for Low-risk Medical Devices, by Country/Region, 2022–2031 (USD Million)
Table 12 Middle East Medical Devices Market for Moderate-risk Medical Devices, by Country/Region, 2022–2031 (USD Million)
Table 13 Middle East Medical Devices Market for High-risk Medical Devices, by Country/Region, 2022–2031 (USD Million)
Table 14 Middle East Medical Devices Market, by Application, 2022–2031 (USD Million)
Table 15 Middle East Medical Devices Market for Cardiology Application, by Country/Region, 2022–2031 (USD Million)
Table 16 Middle East Medical Devices Market for Diagnostic Imaging Application, by Country/Region, 2022–2031 (USD Million)
Table 17 Middle East Medical Devices Market for General Surgery Application, by Country/Region, 2022–2031 (USD Million)
Table 18 Middle East Medical Devices Market for Orthopedics Application, by Country/Region, 2022–2031 (USD Million)
Table 19 Middle East Medical Devices Market for Other Application, by Country/Region, 2022–2031 (USD Million)
Table 20 Middle East Medical Devices Market, by End User, 2022–2031 (USD Million)
Table 21 Middle East Medical Devices Market for Hospitals & Clinics, by Country/Region, 2022–2031 (USD Million)
Table 22 Middle East Medical Devices Market for Ambulatory Surgery Centers, by Country/Region, 2022–2031 (USD Million)
Table 23 Middle East Medical Devices Market for Diagnostic Centers & Laboratories, by Country/Region, 2022–2031 (USD Million)
Table 24 Middle East Medical Devices Market for Pharmacies, by Country/Region, 2022–2031 (USD Million)
Table 25 Middle East Medical Devices Market for Other End Users, by Country/Region, 2022–2031 (USD Million)
Table 26 Middle East Medical Devices Market, by Country/Region, 2022–2031 (USD Million)
Table 27 Saudi Arabia: Medical Devices Market, by Product, 2022–2031 (USD Million)
Table 28 Saudi Arabia: Medical Devices Market, by Risk Type, 2022–2031 (USD Million)
Table 29 Saudi Arabia: Medical Devices Market, by Application, 2022–2031 (USD Million)
Table 30 Saudi Arabia: Medical Devices Market, by End User, 2022–2031 (USD Million)
Table 31 United Arab Emirates: Medical Devices Market, by Product, 2022–2031 (USD Million)
Table 32 United Arab Emirates: Medical Devices Market, by Risk Type, 2022–2031 (USD Million)
Table 33 United Arab Emirates: Medical Devices Market, by Application, 2022–2031 (USD Million)
Table 34 United Arab Emirates: Medical Devices Market, by End User, 2022–2031 (USD Million)
Table 35 Kuwait: Medical Devices Market, by Product, 2022–2031 (USD Million)
Table 36 Kuwait: Medical Devices Market, by Risk Type, 2022–2031 (USD Million)
Table 37 Kuwait: Medical Devices Market, by Application, 2022–2031 (USD Million)
Table 38 Kuwait: Medical Devices Market, by End User, 2022–2031 (USD Million)
Table 39 Qatar: Medical Devices Market, by Product, 2022–2031 (USD Million)
Table 40 Qatar: Medical Devices Market, by Risk Type, 2022–2031 (USD Million)
Table 41 Qatar: Medical Devices Market, by Application, 2022–2031 (USD Million)
Table 42 Qatar: Medical Devices Market, by End User, 2022–2031 (USD Million)
Table 43 Egypt: Medical Devices Market, by Product, 2022–2031 (USD Million)
Table 44 Egypt: Medical Devices Market, by Risk Type, 2022–2031 (USD Million)
Table 45 Egypt: Medical Devices Market, by Application, 2022–2031 (USD Million)
Table 46 Egypt: Medical Devices Market, by End User, 2022–2031 (USD Million)
Table 47 Israel: Medical Devices Market, by Product, 2022–2031 (USD Million)
Table 48 Israel: Medical Devices Market, by Risk Type, 2022–2031 (USD Million)
Table 49 Israel: Medical Devices Market, by Application, 2022–2031 (USD Million)
Table 50 Israel: Medical Devices Market, by End User, 2022–2031 (USD Million)
Table 51 Oman: Medical Devices Market, by Product, 2022–2031 (USD Million)
Table 52 Oman: Medical Devices Market, by Risk Type, 2022–2031 (USD Million)
Table 53 Oman: Medical Devices Market, by Application, 2022–2031 (USD Million)
Table 54 Oman: Medical Devices Market, by End User, 2022–2031 (USD Million)
Table 55 Turkey: Medical Devices Market, by Product, 2022–2031 (USD Million)
Table 56 Turkey: Medical Devices Market, by Risk Type, 2022–2031 (USD Million)
Table 57 Turkey: Medical Devices Market, by Application, 2022–2031 (USD Million)
Table 58 Turkey: Medical Devices Market, by End User, 2022–2031 (USD Million)
Table 59 Jordan: Medical Devices Market, by Product, 2022–2031 (USD Million)
Table 60 Jordan: Medical Devices Market, by Risk Type, 2022–2031 (USD Million)
Table 61 Jordan: Medical Devices Market, by Application, 2022–2031 (USD Million)
Table 62 Jordan: Medical Devices Market, by End User, 2022–2031 (USD Million)
Table 63 Lebanon: Medical Devices Market, by Product, 2022–2031 (USD Million)
Table 64 Lebanon: Medical Devices Market, by Risk Type, 2022–2031 (USD Million)
Table 65 Lebanon: Medical Devices Market, by Application, 2022–2031 (USD Million)
Table 66 Lebanon: Medical Devices Market, by End User, 2022–2031 (USD Million)
Table 67 Rest of Middle East: Medical Devices Market, by Product, 2022–2031 (USD Million)
Table 68 Rest of Middle East: Medical Devices Market, by Risk Type, 2022–2031 (USD Million)
Table 69 Rest of Middle East: Medical Devices Market, by Application, 2022–2031 (USD Million)
Table 70 Rest of Middle East: Medical Devices Market, by End User, 2022–2031 (USD Million)
Table 71 Recent Developments, by Company, 2021–2024
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6 Market Size Estimation
Figure 7 Middle East Medical Devices Market, by Product, 2024 VS. 2031 (USD Million)
Figure 8 Middle East Medical Devices Market, by Risk Type, 2024 VS. 2031 (USD Million)
Figure 9 Middle East Medical Devices Market, by Application, 2024 VS. 2031 (USD Million)
Figure 10 Middle East Medical Devices Market, by End User, 2024 VS. 2031 (USD Million)
Figure 11 Middle East Medical Devices Market, by Geography
Figure 12 Impact Analysis of Market Dynamics
Figure 13 Middle East Medical Devices Market, by Product, 2024 VS. 2031 (USD Million)
Figure 14 Middle East Medical Devices Market, by Risk Type, 2024 VS. 2031 (USD Million)
Figure 15. Middle East Medical Devices Market, by Application, 2024 VS. 2031 (USD Million)
Figure 16 Middle East Medical Devices Market, by End User, 2024 VS. 2031 (USD Million)
Figure 17 Middle East Medical Devices Market, by Geography, 2024 VS. 2031 (USD Million)
Figure 18 Middle East: Medical Devices Market Snapshot
Figure 19 Key Growth Strategies Adopted by Leading Players, 2021—2024
Figure 20 Middle East Medical Devices Market: Competitive Benchmarking, by Product
Figure 21 Middle East Medical Devices Market: Competitive Benchmarking, by Geography
Figure 22 Middle East Medical Devices Market: Competitive Dashboard
Figure 23 Middle East Medical Devices Market: Market Share Analysis/Market Ranking, by Key Players (2023)
Figure 24 Medtronic plc: Financial Snapshot (2023)
Figure 25 Koninklijke Philips N.V.: Financial Snapshot (2023)
Figure 26 Abbott Laboratories: Financial Snapshot (2023)
Figure 27 GE HealthCare Technologies Inc.: Financial Snapshot (2023)
Figure 28 Coloplast Corp.: Financial Snapshot (2023)
Figure 29 Smith+Nephew: Financial Snapshot (2023)
Figure 30 Coloplast Corp. : Financial Snapshot (2023)
Figure 31 Siemens Healthineers AG: Financial Snapshot (2023)
Figure 32 Zimmer Biomet: Financial Snapshot (2023)
Figure 33 F. Hoffmann-La Roche Ltd.: Financial Snapshot (2023)
Figure 34 Becton, Dickinson and Company.: Financial Snapshot (2023)
Figure 35 Olympus Corporation: Financial Snapshot (2023)
Figure 36 Johnson & Johnson Services, Inc.: Financial Snapshot (2023)
Figure 37 Cardinal Health Inc.: Financial Snapshot (2023)
Published Date: Nov-2024
Published Date: Aug-2024
Published Date: Feb-2024
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