MEA Ventilator Market

MEA Ventilator Market Size (2022 to 2027)

As per our analysis report, the size of the MEA ventilator market is forecasted to be growing at a CAGR of 7.23% from 2022 to 2027.

Increasing government investments in the research and development activities of healthcare, growing respiratory cases, and other chronic infectious diseases are some of the factors accelerating the MEA ventilator market. The rising number of mergers and acquisitions between the market players in manufacturing ventilators is another significant factor escalating the market growth in this region. The growing aging population that is likely to expose to different types of diseases, rapid adoption of urbanization, and growing adoption of inactive lifestyles also fuel the market growth. For instance, the UAE government health department joined the researchers at Khalifa University's Healthcare Engineering Innovation Center (HEIC) to develop a new set of critical ventilators that allow a sufficient ventilator supply. Measures like the above mentioned are favorable signals to the MEA ventilator market growth.

The public and private sectors are undertaking projects to foster production. The other non-healthcare fields are uniting with the healthcare companies to expand the ventilators production, which is further expected to support the growth rate of this regional market. The growing number of preterm births, availability of reimbursement policies, and the escalating number of ventilator installations in ICUs in hospitals are expected to favor the market.

However, a lack of awareness regarding the advanced technologies and the benefits of using ventilators are expected to hamper the market growth during the forecast period. High costs associated with installing and maintaining the ventilators and the scarcity of professionals are significant challenges to the MEA ventilator market.

Impact of COVID-19 on the MEA ventilator market:

The sudden eruption of COVID-19 has created a massive demand for the medical ventilators market. The hospitals face a shortage of ventilators as most patients with respiratory diseases, and COVID-19 cases are accelerating. The numbers are slightly better in North-eastern Syria, with a total of 28 ICU beds and 11 ventilators in hospitals recognized to quarantine and treat COVID-19 patients. The key players concentrate more on manufacturing the ventilators with the latest technologies increasing the patient's lifespan. To meet the ventilators' emergency needs, the UAE researchers have designed an M061 type ventilator in just 8 weeks playing a vital role in treating COVID-19 patients with severe symptoms. The pandemic crisis effect in Africa has intensified due to inadequate health systems and inadequate facilities in many parts of the continent. The COVID-19 ICUs are competing with the absence of ventilators and trained staff to monitor them. The outburst of the coronavirus (COVID-19) pandemic has led manufacturers to manufacture and produce low-cost ventilators.

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

By Type of Interface:

• Invasive ventilation
• Non-Invasive ventilation

By End-users:

• Hospitals and clinics
• Ambulances
• Home care
• Emergency Medical Services

By Mobility:

• Intensive care
• Portable ventilators

By Country:

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

Geographically, the Middle East & Africa ventilators market is projected to grow steadily during the forecast period. The number of hospital admissions is significantly growing with rising COVID cases; the Middle East & African countries' governments invest a massive amount in manufacturing and producing ventilators to escalate the region's market growth. The UAE ventilator market is projected to have an impressive growth rate between 2020 to 2025. The UAE market is driven by vast demand for respiratory devices and growing expenses in research and development activities. The South African government presently estimates strategies from other organizations to develop ventilators with the coming spate of critical COVID-19 cases. South African engineers design and affordable manufacture devices to meet the significant challenges imposed by the virus. The country is rushing for 1,000 more ventilators as the COVID cases increase more.

In Israel, the demand for ventilator devices was growing steadily, and it forecasted the future of the market in Israel would be bright. Hospitech Respiration, an Israeli medical device company, advanced a respiratory guard system called the AnapnoGuard.

KEY MARKET PLAYERS:

Air Liquide Hamilton Medical, GE Healthcare, Smiths Group PLC, Becton Dickinson and Company, and Medtronic PLC dominate the MEA ventilator market.