MEA Portable Medical Devices Market

MEA Portable Medical Devices Market Size (2024 to 2029)

The size of the portable medical devices market in the Middle East and Africa is estimated to project a healthy CAGR during the forecast period due to increasing demand for real-time analysis, diagnostics, and monitoring, and increasing demand for healthcare services emergency across the region. Growing demand for portable electronic devices is another significant driver to the market growth. However, the growing demand for smart wearable devices due to increased health awareness is expected to create more growth opportunities for players operating in the industry.

Chronic diseases are a major health problem in the world. The load is increasing in a way never seen before, and several factors include a poor diet, lack of adequate exercise, and external environmental factors. In the United States alone, a developed country, the burden is as great as one in six in ten people. This contributes to the growth of the market during the forecast period to a large extent.

The growth of the geriatric population is another important growth factor among many others. The massive surge is driving the market's growth in a major way, and it helps it chart a high growth path during the forecast period.

Regulatory changes are likely to result in increased costs associated with developing new products and providing services to patients. These changes relate to consumer data protection, such as the General Data Protection Regulation and changes to equipment approval procedures. For example, the United States Food and Drug Administration has requested additional clinical data to support safety and efficacy claims for medical devices such as endoscopy devices, increasing the processing time for pre-approval to market by more than 59% over the past decade. Potential loss of revenue due to product launch delays and additional costs incurred due to strict approval processes put pressure on investments related to new product development, impacting the market's growth.

Impact of COVID-19 on the MEA portable medical devices market:

The outbreak has wreaked havoc on the medical device industry as supplies were significantly disrupted due to the shutdown. On the other hand, companies have effectively adapted to these restrictions, developing a more robust supply chain within weeks to fulfill orders for a variety of medical products. For a few weeks, the impact of COVID-19 in the Americas has been difficult for the medical device industry but began to show signs of recovery in the third quarter of 2020. Strong demand for ventilators, breathing systems and systems monitoring for patients, and imaging systems have been the main cause of the recovery in the MEA portable medical devices market.

This research report on the MEA portable medical devices market has been segmented and sub-segmented into the following categories.

By Product:

• Diagnostic Imaging
• Monitoring Devices
  • Cardiac Monitoring
  • Neuromonitoring
  • Respiratory Monitoring
  • Others
• Others

By End-User:

• Hospitals
• Physicians’ offices
• Homecare Settings
• Others

By Country:

• KSA
• UAE
• Israel
• rest of GCC countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• rest of MEA

Regionally, UAE accounted for most of the MEA portable medical devices market in 2023 and is expected to maintain its dominance during the forecast period. This can be attributed to the significant investment in research and development activities carried out in the health sector. This factor will support the growth of the portable medical devices market in the UAE. In addition, favorable government initiatives and improvements in reimbursement policies for advanced medical equipment are anticipated to accelerate the market's growth.

Qatar is expected to be followed closely by Saudi Arabia and is expected to experience significant growth in the near future. This growth is mainly due to the high per capita income and health infrastructure development in the regions.

On the other hand, Africa seeks opportunistic growth during the forecast period due to increased spending in the medical sector. In recent years, the region has seen exponential growth in health centers. In addition, the high concentration of the population represented a significant growth opportunity for the market. Additionally, growing health and fitness concerns are driving the demand for smart wearable devices like smart bracelets to monitor personal health in real-time.

KEY MARKET PLAYERS:

Companies playing a significant role in the MEA portable medical devices market profiled in this report are Medtronic Inc., AliveCor Inc., Koninklijke Philips N.V., AgaMatrix Inc., Cisco Inc., Nike Inc., AirStrip Technologies Inc., LifeWatch AG, BioTelemetry Inc., IHealth Lab Inc., LifeWatch AG, Fitbit, Samsung Group, General Electric Company, and OMRON Corporation.