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Pulished Date February, 2020
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 (2020 to 2025)

Pulished: February, 2020
ID: 55
Pages: 134

MEA Wearable Medical Devices Market Size, Growth (2020 to 2025)

The size of the Wearable Medical Devices Market in the Middle East & Africa was worth USD 329.33 million in 2020 and estimated to be growing at a CAGR of 18.17% to reach USD 782.47 Million by 2025.

The market is showcasing the enormous potential in the mentioned forecasting period. Wearable medical devices include several features like wireless data transmission, real-time feedback, alerting mechanism,s, and timely sensing abilities. They monitor several types of 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 has led to the increased adoption of the technology, in turn, increasing the growth. Lack of awareness in the developing regions is leading to slower adoption of technology. Smart wearables that run third-party applications tend to be a bit costlier than their counter-parts, 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 faced by the industry in the current scenario.

MEA Wearable Medical Devices Market segmented and sub-segmented into the following categories:

  • By Type: Monitoring and Diagnostic Wearable Device Market, Therapeutic Wearable Device Market
  • By Application: Sports and Fitness, Home Healthcare and Patient Monitoring
  • By Country: KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

The MEA region of 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 over the healthcare sector are major growth driving forces to the market. Moreover, the cost of the medical wearable devices is so expensive, and the lack of skilled labor in manufacturing these devices may hinder market growth.

The wearable medical devices market of Saudi Arabia is leading the MEA region and has got 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 growth rate of the market. 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.

A few of the major companies operating in the MEA Wearable Medical Devices Market are Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories, and Nuubo.

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 2020 to 2025 (USD million)
  2. Middle East & Africa Wearable Medical Devices Market, by Diagnostic Wearable Devices, From 2020 to 2025 (USD million)
  3. Middle East & Africa Wearable Electro Cardiographs Market, by Region, From 2020 to 2025 (USD million)
  4. Middle East & Africa Wearable Sleep Monitoring Devices Market, by Region, From 2020 to 2025 (USD million)
  5. Middle East & Africa Heart Rate Monitors Market, by Region, From 2020 to 2025 (USD million)
  6. Middle East & Africa Blood Pressure Monitors Market, by Region, From 2020 to 2025 (USD million)
  7. Middle East & Africa Activity Monitors Market, by Region, From 2020 to 2025 (USD million)
  8. Middle East & Africa Electro Encephalographs Market, by Region, From 2020 to 2025 (USD million)
  9. Middle East & Africa Wearable Medical Devices Market, by Therapeutic Wearable Devices, From 2020 to 2025 (USD million)
  10. Middle East & Africa Pain Management Devices Market, by Region, From 2020 to 2025 (USD million)
  11. Middle East & Africa Glucose/Insulin Monitoring Devices Market, by Region, From 2020 to 2025 (USD million)
  12. Middle East & Africa Respiratory Therapy Devices Market, by Region, From 2020 to 2025 (USD million)
  13. Middle East & Africa Wearable Medical Devices Market, by Application, From 2020 to 2025 (USD million)
  14. Middle East & Africa Sports and Fitness Market, by Region, From 2020 to 2025 (USD million)
  15. Middle East & Africa Home Healthcare Market, by Region, From 2020 to 2025 (USD million)
  16. Middle East & Africa Patient Monitoring Market, by Region, From 2020 to 2025 (USD million)
  17. Middle East Wearable Medical Devices Market, by Diagnostic Wearable Devices, From 2020 to 2025 (USD million)
  18. Middle East Wearable Medical Devices Market, by Therapeutic Wearable Devices, From 2020 to 2025 (USD million)
  19. Middle East Wearable Medical Devices Market, by Application, From 2020 to 2025 (USD million)
  20. Africa Wearable Medical Devices Market, by Diagnostic Wearable Devices, From 2020 to 2025 (USD million)
  21. Africa Wearable Medical Devices Market, by Therapeutic Wearable Devices, From 2020 to 2025 (USD million)
  22. Africa Wearable Medical Devices Market, by Application, From 2020 to 2025 (USD million)

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