MEA Pulse Oximeter Market

MEA Pulse Oximeter Market Size (2022 to 2027)

The size of the pulse oximeter market in the Middle East and Africa is estimated to grow at a 6.9% CAGR during the forecast period.

A pulse oximeter is a device that is used in measuring the oxygen saturation level in the body. In the case of the market for these devices, the major stake is held by respiratory illness, congestion in the lungs, cardiovascular illness, and other kinds of pulmonary disorders. The reason for such a higher CAGR for the pulse oximeter market can be attributed to the lifestyle of the people living in the region. The population of this region consumes a lot of tobacco and its products. The tropical climate of this region is also a factor contributing to the market expansion. Several illnesses like pneumonia, tuberculosis, and asthma are native and endemic to this region. The strong arid climate of the region is also a factor for market growth in the region. This kind of climate is generating serious respiratory illnesses in people. Advanced usage of IoT products from the developed nations of these regions also propelling the growth of pulse oximeters. Like the use of fingertip oximeters, wrist oximeters, and other kinds of IoT-enabled components to monitor oxygen saturation. These factors are enabling the market for further expansion.

The market is facing a severe blow from the factors like incorrect reporting of the devices; many unauthorized and unregulated players operate in the market. They are manufacturing substandard devices and dumping the market with low-quality goods. The majority of the countries in the region are trading with China, which dumps the low-quality products at a lower price which is inefficient and error reporting. Most of the countries in the region are less developed, and people live in absolute poverty; they do not have the ability to understand the science behind the measured parameters. This holds back the market for further expansion in the region.

COVID-19 impact on the MEA pulse oximeter market:

Due to the ongoing pandemic in the region, there is an absolute rise in the market of pulse oximeters. The high prevalence of chronic illness and respiratory diseases in the region propels people and other utilities to purchase pulse oximeters. Turkey being the largely affected state in the first wave of the pandemic, has lost bountiful lives. This made the country research and monitor its population for the respiratory illness that was existed in the population. Hence, COVID 19 has impacted the pulse oximeter positively, making people and health care utilities more cautious of respiration and oxygen saturation. 

This research report on the MEA pulse oximeter market has been segmented and sub-segmented into the following categories.

By Type:

• Fingertip
• Handheld
• Others

By End-use: 

• Hospitals & Other Healthcare Facilities
• Homecare

By Country:

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

As reported by the WHO, it is evident that Turkey country in this region has about 5 million population suffering from asthma, so the government has decided to procure and produce pulse oximeters on a large scale. Saudi Arabia and other gulf countries in the region have a large share of the population who are habituated to smoking. This is a serious concern as it aggravates the pulmonary disease percentage. These countries require more pulse oximeters in any form. South Africa is one of the important countries in the region which is spending more on health. Government policies are going to influence the pulse oximeter market in the country. Apart from these factors, most of the companies are setting up manufacturing plants in the region to aid the treatment in case of chronic pulmonary diseases. In UAE, 1 in 6 persons has the problem of asthma, triggering the demand for pulse oximeters. Even the tropical climate of this region positively propels the oximeter market.

KEY MARKET PLAYERS:

GE Healthcare, Medtronic (Covidien), CAS Medical Systems Inc., Philips Healthcare, Nonin Medical Inc., Contec Medical Systems Co., Ltd., Omron Corporation, Smiths Medical, and Edan Instruments, Inc. are expected to play a leading role in the MEA pulse oximeter market.