The size of the Operating Room Equipment market in the Middle East and Africa is estimated to reach USD 1.36 billion by 2027 from a market value of USD 1.17 billion in 2020, at a CAGR of 2.95 % during the forecast period.
An operating room is a facility where all the operations are performed on patients to treat different pathological and physiological conditions in a sterile environment. Operating rooms are also known as the operating suite or operation theatre. An operating room is prepared with technically advanced equipment that offers enhanced operational efficiency by enabling surgeons and other healthcare professionals with greater flexibility and ease of handling.
Some of the factors like technological advancement in the healthcare sector, rise in the number of ambulatory surgical centers, increase in the number of surgery procedures, rise in the geriatric population, and increase in the incidence and prevalence of chronic diseases are driving the market. But, high costs associated with the latest medical device technologies act as significant restraint restraining the market. The Operating Room Equipment market is showcasing significant potential over the mentioned forecast period.
The Middle East and Africa Operating Room Equipment Market segmented and sub-segmented into the following categories:
UAE is expected to have immense growth in the past years, which has developed the healthcare system where the MEA region has several key players in the hospital supplies market. The UAE is driven by factors like investments made by the government in this region. Moreover, the supply of instruments and devices required in the operating room by the vital player manufacturers is to propel this region's market growth.
Saudi Arabia is estimated to have considerable growth in this region's operating room equipment market over the analysis period. Advanced technical equipment that provides better patient care and increasing operational efficacy by allowing surgeons and other medical professionals with high flexibility are leveling up the market's growth rate.
South Africa is anticipated to have the highest growth rate with a high CAGR in the market throughout this region. Growing elderly people population, increasing occurrence rate, and regular increase of chronic diseases fuel the operating room equipment market growth.
Some of the major companies dominating the MEA Operating Room Equipment Market profiled in this report are STERIS Corporation, Stryker Corporation, Drägerwerk AG & Co. KGaA, Getinge Group, Medtronic, Inc., Hill-Rom Holdings, Inc., Mizuho OSI, GE Healthcare, Philips Healthcare and KARL STORZ GmbH & Co. KG.
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