Middle East & Africa Cardiac Monitoring Market - Segmented by Type of Device and Geography - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The market is driven by an increase in the prevalence of heart diseases, a growing aging population who are very susceptible to coronary heart diseases, and improved efficiency of devices. Countries in the Middle East & Africa have a high incidence of cardiac diseases. The rate of diagnosis of cardiovascular diseases is increasing over time due to the high incidence rate of cardiac diseases and the need to control mortality rate by early diagnosis, and treatment for CVD with the help of cardiac monitoring devices. Hence, a rise in the incidence of cardiovascular diseases drives the market. Other factors, such as investments in R&D for innovative product development, ease of use and portability in devices, and the demand for home-based, point of care and remote monitoring cardiac systems are the major drivers for the market.
However, the rising rate of infections due to these devices has tremendous economic implications on hospitals.
Key Market TrendsECG Monitor is Expected to Dominate the Cardiac Monitoring MarketCardiovascular disease (CVD) like stroke and heart disease is the leading cause of death in the region. The increase in the incidence of cardiovascular diseases (CVD), necessitates the need for long-term ECG monitoring. Usually, this procedure is possible in hospitals. However, with the introduction of wireless ECG, the doctors can monitor and diagnose the patient remotely and on time. There are two different types of ECG monitors available in the market, namely monitoring ECG systems and diagnostic ECG systems. The growing number of heart diseases boost segment growth in the region.
Competitive LandscapeThe major players include GE Healthcare, Medtronic, Abbott Laboratories, Boston Scientific Corporation etc. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments. GE Healthcare collaborated with Heartflow technologies to provide better care for coronary artery patients in 2017.
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