Middle East and Africa Hospital Supplies Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Middle East and Africa Hospital Supplies Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Middle East and Africa hospital supplies market is expected to register a CAGR of 8.3% over the forecast period.

COVID-19 had a significant impact on the Middle East and Africa hospital supplies market. For instance, different measures and reaction plans have been implemented due to the coronavirus spreading across Middle Eastern nations. As per the article published in 2021 under the title “How the Middle-East is facing COVID-19”, health resource constraints, lack of qualified medical staff, and a paucity of medical equipment have all been problems for developing Middle East North Africa (MENA) economies during COVID-19. Most MENA nations have total health expenditures per capita that were significantly lower than average for nations with comparable levels of economic growth. Furthermore, as per the report published in June 2022 under the title “Impact of Corona Virus on the Health Care Services in Saudi Arabia”, one of the countries that experienced the severe effects of the medical ailment at the peak time was Saudi Arabia. The shift in focus to the pandemic specifically had an impact on the delivery of healthcare services for chronic conditions. Hence as per the factors mentioned above, COVID-19 had a notable impact on the Middle East and Africa hospital supplies market.

The growth of the Middle East and Africa hospital supplies market is primarily driven by the rising number of hospitals, aging population, and increasing occurrences of communal diseases. For instance, as per the 2020 report, 12 new private hospitals had opened in Dubai by 2020, housing over 800 beds. The number of private hospitals within Dubai was likely to leap to 38, surpassing the number of public hospitals in the region, in addition to current hospitals under expansion. According to Gulf News, this significant expansion was in keeping with Dubai's Expo 2020 vision and includes 26 hospitals, four fertility centers, 34 one-day surgery centers, 1,624 specialized and general medical complexes, 82 dental treatment centers and laboratories, 868 pharmacies, and 38 health examination and residential nursing facilities. Such increasing healthcare expansion in the Middle East is likely to boost market growth over the forecast period.

Furthermore, the burden of chronic diseases is constantly growing worldwide. According to GLOBOCAN 2020, data updated in February 2021, around 27,885 new cancer cases were reported in Saudi Arabia in 2020. Around 4,807 new cancer cases in the United Arab Emirates (UAE) and 3,842 new cancer cases were reported in Kuwait in 2020. Since clinical diagnostic tests represent one of the most accurate methods to identify and characterize microorganisms, so it is expected to create demand for hospital supplies for diagnosis purposes.

Furthermore, the GCC countries have an overall strong demand for medical devices, owing to their popular medical tourism destinations for several European and Asian populations, raising the need for a well-established and well-equipped healthcare system, and boosting the hospital supplies market in the GCC countries. As per the Medical Tourism Index 2020-2021, ranking South Africa is listed on 22nd rank among the 46 global destinations ranked of the medical tourism destination ranking. South Africa serves as a major medical tourism hub for the entire sub-Saharan Africa region since it offers a variety of advanced healthcare services. This is expected to boost market growth.

Hence as per the factors mentioned above, Middle East and Africa hospital supplies market is anticipated to grow over the forecast period. However, the high cost of devices, steady demand for home care services, and stringent regulatory guidelines are some of the factors hindering the growth of the market.

Key Market TrendsOperating Room Equipment Segment Expected to Hold Significant Market Share over the Forecast Period

The public demand for operating rooms and emergency rooms, where critically ill patients are treated, is likely to witness steady growth over the forecast period owing to the factors such as increased surgeries, and a rise in healthcare expenditures. In the Middle East and African region, increasing road traffic accidents, despite advances in safety technology, are among the primary reasons for the rising demand for operating rooms or emergency rooms, along with the necessary equipment. Trauma cases are among the major causes of death in many African countries.

Additionally, the strategic initiatives taken by the market players are also propelling the growth of the market. For Instance, in May 2021, GE Healthcare and NSIA Banque Côte d’Ivoire partnered with IFC’s Africa Medical Equipment Facility to support healthcare providers in the region. This is likely to provide support to small healthcare providers in the country. Furthermore, according to GLOBOCAN 2020, around 15,491 new breast cancer cases were reported in South Africa. Growing cancer cases requires constant monitoring, diagnostic, and surgical needs, which will increase the growth of the hospital supplies market in the country.

A significant number of cases of hemiplegia, paraplegia, and quadriplegia are registered in the region, due to road accidents. Better government involvement through funding, initiatives, and collaboration with multinational companies may provide consistent growth in the operating room equipment segment, leading to a healthy CAGR.

GCC is Expected to Witness a Growth in the Studied Market Over the Forecast Period

The GCC is likely to grow in the hospital supplies market owing to the factors such as the rising burden of chronic diseases, increasing government funding, and new product launches. For instance, as per the January 2020 report, Drägerwerk AG (Lübeck, Germany) launched several new products at the Arab Health 2020 held in Dubai, UAE, including ICU ventilators and anesthesia workstations. Dräger offers anesthesia workstations, medical ventilation, patient monitoring as well as neonatal care for premature babies and newborns.

Moreover, Dräger launched the new Evita V600 and V800 ventilators designed to support daily clinical tasks in the ICU. Both ventilators feature an attractive design and high-performance ventilation, allowing for swift and effective operation from the start of lung protective ventilation up until the incorporation of an intensive care unit with a focus on patient care. Such developments and product launches in the GCC region are anticipated to boost the growth of the hospital supplies market over the forecast period.

Furthermore, the presence of competitors, product launches, and high healthcare expenditure in GCC are promoting market growth. For instance, as per the Health Accounts System of Dubai 2020, the major amount of current healthcare expenditure for 2020 went to hospitals amounting to AED 9,516 million (49%), followed by the primary health centers at AED 4,620 (24%). Ancillary providers such as medical and diagnostic labs, and imaging centers received AED 297 million (2%) while pharmacies received AED 2,596 million (13%). Healthcare governance and providers of healthcare system administration and financing received AED 1,782 (9%) of the funds. Households allocated AED 734 million (38%) towards discretionary health care spending. And AED 585 million (3%) was given to providers outside Dubai. Owing to the factors mentioned above, the GCC is predicted to grow favourably over the forecast period.

Competitive Landscape

The Middle East and Africa hospital supplies market is fragmented in nature due to the presence of several companies operating globally as well as regionally. The major market players in the market include General Electric Company (GE Healthcare), Becton, Dickinson and Company, Cardinal Health Inc., 3M Health Care, and B. Braun Melsungen AG, among others.

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