The Middle East & Africa Disposable Medical Devices Sensors Market size is valued at USD 0.69 billion in 2023. This value is forecasted to be growing at a CAGR of 7.98% to reach USD 1.01 billion by 2028.
The increasing prevalence of diabetes and other infectious diseases is considered driving the growth of the MEA medical disposable device sensors market. Increased focus of private and public sectors on research and development of medical sensors in order to reduce healthcare costs. The availability of advanced healthcare infrastructure is another factor that is boosting the market growth in the region. The advantages such as ease of use, achieving low costs, and analyzing data at faster rates with the implementation of medical sensors are increasing demand, which is expected to boost the growth of the MEA disposable medical device sensors market during the forecast period.
Other factors such as rising geriatric population, continually changing and imbalanced lifestyles of the people, increase in per capita income, the emergence of technologically advanced medical sensor devices owing to the ever-going research and development on medical sensors are likely to boost the growth of MEA medical devices market over the forecast period.
The challenges that are expected to hinder the growth of the MEA medical disposable device sensors market are high costs associated with clinical data management, which is essential for different market products and inadequate reimbursements in certain countries across the region.
This research report on the Middle East & Africa Disposable Medical Device Sensors Market has been segmented and sub-segmented into the following categories:
MEA disposable medical Device sensors market is majorly dominated by the UAE region, which contributes the highest share of revenues to the market owing to the factors such as availability of advanced healthcare infrastructure, rising prevalence of HAIs, increased applications of sensor-based disposable medical devices in UAE, encouraging subsidies provided by the government to the healthcare sector through various schemes. The mea disposable medical device sensors market in Saudi Arabia is growing at a high pace. It is likely to display the most elevated CAGR rate over the forecast period due to increasing investments by government and private organizations in the region and increasing the geriatric population. Egypt is another crucial contributor to market share to the mea disposable medical device sensors market and is anticipated to grow further at a constant rate during the forecast period.
Companies playing a dominant role in the Middle East & Africa Disposable Medical Device Sensors Market profiled in the report are Medtronic plc., Philips Healthcare, Analog Devices, Inc., GE Healthcare, Smiths Medical, Honeywell International, STMicroelectronics, Freescale Semiconductors, Inc., Omnivision Technologies, Inc., and Sensirion AG.
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