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Pulished Date April, 2021
ID: 55
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Middle East & Africa Wearable Medical Devices Market Research Report - Segmented By Type, Application and Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA) – Size, Share, Trends, Growth, Forecasts (2021 to 2026)

Pulished: April, 2021
ID: 55
Pages: 134

MEA Wearable Medical Devices Market Size (2021 to 2026)

The Wearable Medical Devices Market size in the Middle East & Africa is estimated to be growing at a CAGR of 18.17% during the forecast period. The size of this regional market is forecasted to be worth USD 896.76 million by 2026 from USD 389.17 million in 2021.

The market is showcasing the enormous potential in the mentioned forecasting period. Wearable medical devices include wireless data transmission, real-time feedback, alerting mechanisms s, and timely sensing abilities. They monitor several health conditions like blood sugar levels, heart diseases, blood pressure, ingestion, pain relief, brain activity, hydration, temperature, sleep, etc. Customers further use the data generated by wearable medical devices for better healthcare management.

The market continues to gain momentum with the rapid increase in the adoption of these devices among patients and the launch of technologically advanced, user-friendly devices into the market. An enormous number of ongoing developments and innovations in the healthcare and electronics sector, rising spending capabilities, and the ease of use of medical devices have led to increased technology adoption, increasing the growth. However, lack of awareness in the developing regions is leading to slower adoption of technology. In addition, smart wearables that run third-party applications tend to be a bit costlier than their counterparts, thus affecting a downscale in their sales. Further, the privacy concerns concerning transmitting sensitive patient information and the need for miniaturized devices with long battery life are a few challenges the industry faces in the current scenario.

This research report on the Middle East and Africa Wearable Medical Devices Market segmented and sub-segmented into the following categories:

By Type: 

  • Wearable Electro-Cardiographs 
  • Wearable Sleep Monitoring devices
  • Heart Rate Monitors
  • Blood Pressure Monitors
  • Activity Monitors
  • Electro Encephalogram

By Therapeutic Wearable Devices: 

  • Pain Management Devices
  • Glucose/Insulin Monitoring Devices
  • Respiratory Therapy Devices

By Application:

  • Sports and Fitness
  • Home Healthcare
  • Patient Monitoring

By Country: 

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

Geographically, the MEA region of the wearable medical devices market is estimated to showcase a sluggish growth rate during the forecast period. An increase in the amount spent on wearable devices, continuous developments, and the launch of new devices in the healthcare sector are major growth driving forces to the market. Moreover, the cost of medical wearable devices is so expensive, and the lack of skilled labor in manufacturing these devices may hinder the market growth.

The wearable medical devices market of Saudi Arabia is leading the MEA region and has the majority of the share. Factors like growing awareness of health and fitness among the people, increasing demand for the devices for use across different applications are leveling up the market's growth rate. This country is expected to hold 26% of the market share due to advancements in sensor technologies in the MEA region. Moreover, the low cost of these sensor wearable devices is most affordable for the users of this country, which accelerates the growth in this region.

KEY MARKET PLAYERS:

Companies such as Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories, and Nuubo are playing a leading role in the MEA Wearable medical devices market.

1.Introduction                        

                1.1 Market Definition            

                1.2 Study Deliverables           

                1.3 Base Currency, Base Year and Forecast Periods             

                1.4 General Study Assumptions            

2. Research Methodology                      

                2.1 Introduction     

                2.2 Analysis Design

                2.3 Research Phases              

                                2.3.1 Secondary Research

                                2.3.2 Primary Research

                                2.3.3 Econometric Modelling

                                2.3.4 Expert Validation

                2.4 Study Timeline 

3. Overview                            

                3.1 Executive Summary         

                3.2 Key Inferences 

                3.3 New Developments         

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)               

                4.1 Market Drivers 

                4.2 Market Restraints            

                4.3 Key Challenges 

                4.4 Current Opportunities in the Market              

5. Market Segmentation                       

                5.1 By Diagnostic Wearable Devices       

                                5.1.1 Wearable Electro Cardiographs

                                5.1.2 Wearable Sleep  Monitering devices

                                5.1.3 Heart Rate Monitors

                                5.1.4 Blood Pressure Monitors

                                5.1.5 Activity Monitors

                                5.1.6 Electro Encephalographs

                5.2 By Therapeutic Wearable Devices   

                                5.2.1 Pain Management Devices

                                5.2.2 Glucose/Insulin Monitoring Devices

                                5.2.3 Respiratory Therapy Devices

                5.3 By Application  

                                5.3.1 Sports and Fitness

                                5.3.2 Home Healthcare

                                5.3.3 Patient Monitoring

6. Geographical Analysis                       

                6.1 Introduction     

                6.2 Middle-East     

                6.3 Africa

7.Strategic Analysis               

                7.1 PESTLE analysis

                                7.1.1 Political

                                7.1.2 Economic

                                7.1.3 Social

                                7.1.4 Technological

                                7.1.5 Legal

                                7.1.6 Environmental

                7.2 Porter’s Five analysis       

                                7.2.1 Bargaining Power of Suppliers

                                7.2.2 Bargaining Power of Consumers

                                7.2.3 Threat of New Entrants

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry

8.Market Leaders' Analysis                   

                8.1 Fitbit

                                8.1.1 Overview

                                8.1.2 Product Analysis

                                8.1.3 Strategic Evaluation and Operations

                                8.1.4 Financial analysis

                                8.1.5 Legal issues

                                8.1.6 Recent Developments

                                8.1.7 SWOT analysis

                                8.1.8 Analyst View

                8.2 Garmin             

                8.3 Jawbone           

                8.4 Polar Electro    

                8.5 Vital connect    

                8.6 Withings SAS   

                8.7 Zephyr Corporation          

                8.8 Basis Science   

                8.9 Omron Corporation          

                8.10 Drager            

                8.11 Lifewatch AG  

                8.12 Sotera Wireless             

                8.13 Abbott Laboratories      

                8.14 Nuubo            

9.Competitive Landscape                      

                9.1 Market share analysis     

                9.2 Merger and Acquisition Analysis     

                9.3 Agreements, collaborations and Joint Ventures             

                9.4 New Product Launches    

10.Expert Opinions                

                10.1 Market Outlook              

                10.2 Investment Opportunities             

Appendix                

                a) List of Tables      

                b) List of Figures    

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Middle East & Africa Wearable Medical Devices Market, by Region, From 2021 to 2026 (USD Billion)
  2. Middle East & Africa Wearable Medical Devices Market, by Diagnostic Wearable Devices, From 2021 to 2026 (USD Billion)
  3. Middle East & Africa Wearable Electro Cardiographs Market, by Region, From 2021 to 2026 (USD Billion)
  4. Middle East & Africa Wearable Sleep Monitoring Devices Market, by Region, From 2021 to 2026 (USD Billion)
  5. Middle East & Africa Heart Rate Monitors Market, by Region, From 2021 to 2026 (USD Billion)
  6. Middle East & Africa Blood Pressure Monitors Market, by Region, From 2021 to 2026 (USD Billion)
  7. Middle East & Africa Activity Monitors Market, by Region, From 2021 to 2026 (USD Billion)
  8. Middle East & Africa Electro Encephalographs Market, by Region, From 2021 to 2026 (USD Billion)
  9. Middle East & Africa Wearable Medical Devices Market, by Therapeutic Wearable Devices, From 2021 to 2026 (USD Billion)
  10. Middle East & Africa Pain Management Devices Market, by Region, From 2021 to 2026 (USD Billion)
  11. Middle East & Africa Glucose/Insulin Monitoring Devices Market, by Region, From 2021 to 2026 (USD Billion)
  12. Middle East & Africa Respiratory Therapy Devices Market, by Region, From 2021 to 2026 (USD Billion)
  13. Middle East & Africa Wearable Medical Devices Market, by Application, From 2021 to 2026 (USD Billion)
  14. Middle East & Africa Sports and Fitness Market, by Region, From 2021 to 2026 (USD Billion)
  15. Middle East & Africa Home Healthcare Market, by Region, From 2021 to 2026 (USD Billion)
  16. Middle East & Africa Patient Monitoring Market, by Region, From 2021 to 2026 (USD Billion)
  17. Middle East Wearable Medical Devices Market, by Diagnostic Wearable Devices, From 2021 to 2026 (USD Billion)
  18. Middle East Wearable Medical Devices Market, by Therapeutic Wearable Devices, From 2021 to 2026 (USD Billion)
  19. Middle East Wearable Medical Devices Market, by Application, From 2021 to 2026 (USD Billion)
  20. Africa Wearable Medical Devices Market, by Diagnostic Wearable Devices, From 2021 to 2026 (USD Billion)
  21. Africa Wearable Medical Devices Market, by Therapeutic Wearable Devices, From 2021 to 2026 (USD Billion)
  22. Africa Wearable Medical Devices Market, by Application, From 2021 to 2026 (USD Billion)

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