MENA Medical Device

MENA Medical Device

The MENA medical devices market, encompassing a diverse range of healthcare technologies and instruments, has witnessed remarkable growth in recent years. Defined by a dynamic landscape shaped by technological advancements and a rapidly evolving healthcare infrastructure, the market is characterized by a surge in demand for innovative medical solutions. The region's commitment to enhancing healthcare services, coupled with an increasing prevalence of chronic diseases, has been a key driver for the growth of the medical devices sector in MENA. For instance, according to the World Health Organization (WHO), around 422.0 million people suffering from diabetes across the globe out of which 43 million are estimated to be from the Middle Eastern region.

The MENA medical device market is expected to grow at a steady rate of around 6.2%. Moreover, medical tourism, a growing trend in the MENA region, further contributes to the demand for advanced technologies in the region, attracting patients seeking high-quality healthcare services. Also Governments across the region are investing substantially in healthcare infrastructure development, fostering a conducive environment for the adoption of cutting-edge medical technologies.

• Based on device type, the market is segmented into Class 1, Class 2, and Class 3. Among them, the Class 2 category is witnessing the highest market share during the forecast period. These devices considered low risk, encompass a broad range of medical products such as tongue depressors, elastic bandages, and handheld surgical instruments. Moreover, these devices form the cornerstone of essential healthcare practices, contributing to the region's preventive and primary care initiatives. As healthcare awareness grows, demand for these foundational devices rises, driving market expansion. Additionally, the use of Class 1 devices aligns with the region's focus on cost-effective and scalable healthcare solutions.
• Based on application, the market is segmented into diagnostics imaging devices, surgical device, iv diagnostics devices, orthopedic devices, dental products, and others. Among them, the diagnostics imaging devices category is witnessing the highest market share forecast period. The adoption of state-of-the-art diagnostic imaging technologies, including X-ray, MRI, CT scans, and ultrasound, has become integral to enhancing clinical decision-making and patient outcomes. The rising awareness among healthcare providers and patients about the benefits of early disease detection fuels the demand for sophisticated imaging equipment.
• On the basis of the end user, the market is categorized into hospitals & ASC, clinics, and others. Among these, the hospitals & ASC category is expected to dominate the market during the forecast period. This is mainly due to the need for advanced diagnostic, therapeutic, and monitoring equipment is paramount to ensuring comprehensive patient care. The increasing prevalence of chronic diseases, coupled with a rising population, intensifies the demand for devices ranging from imaging technologies to surgical instruments. The continuous modernization of hospital facilities drives substantial investments in cutting-edge medical devices, influencing the growth of the market.
• For a better understanding of the market adoption of the MENA organic baby food industry, the market is analyzed based on its worldwide presence in countries such as UAE, Egypt, Saudi Arabia, Kuwait, and the Rest of MENA Countries. Saudi Arabia is expected to dominate the market during the forecast period. This is mainly due to the nation's commitment to enhancing healthcare infrastructure, rising healthcare awareness, and a growing population. The Kingdom's Vision 2030 initiative, with a focus on improving healthcare services, has spurred significant investments in medical facilities, fostering the adoption of state-of-the-art medical devices. For instance, in march 2022, Careon Healthcare solution has finalized joint ventures in Saudi arabia and sri lanka for medical, surgical disposable products. This may expand the customer base of the firm.
• Some of the major players operating in the market include Koninklijke Philips N.V.; Fresenius Medical Care Asia Pacific Limited; Siemens Healthcare GmbH; Braun SE; Purehealth; Getinge; Drägerwerk AG & Co. KgaA; Medtronic; Stryker; Johnson & Johnson Services, Inc.