Middle East Medical Devices Market Research Report, Analysis and Forecast

Middle East Medical Devices Market Synopsis

The popularity of medical devices is growing in the Middle East for a variety of reasons. One of the main drivers of this growth is the increasing demand for high-quality healthcare services in the region. As the population continues to grow and age, there is a greater need for medical devices that can help diagnose and treat a range of conditions.

Another factor contributing to the popularity of medical devices in the Middle East is the region’s growing economy. As countries in the Middle East continue to develop and diversify their economies, there is more investment being made in healthcare infrastructure, including hospitals, clinics, and medical research facilities. This has led to an increased demand for medical devices that can support these facilities and improve patient outcomes.

In addition, advances in technology are also driving the popularity of medical devices in the Middle East. Innovations in areas such as artificial intelligence, telemedicine, and remote patient monitoring are creating new opportunities for healthcare providers to deliver better care to patients. Medical devices that incorporate these technologies are becoming increasingly popular as a result.

Finally, governments in the Middle East are also playing a role in driving the popularity of medical devices. Many countries in the region have launched initiatives aimed at improving healthcare outcomes and expanding access to medical services. These initiatives often involve partnerships with private sector companies, including medical device manufacturers, which can help to drive the adoption of new technologies and improve healthcare infrastructure in the region.

The market is also characterized by high growth potential due to the rising demand for medical devices in the region. This is expected to drive the growth of the market in the coming years.

Saudi Arabia is estimated to dominate the medical device market in the MENA region and account for a share of around 32%.

The UAE and Saudi Arabia are the two largest medical device markets in MENA.

Turkey is the largest medical device market in the region, followed by the United Arab Emirates and Saudi Arabia.

Overall, the growing popularity of medical devices in the Middle East is driven by a combination of factors, including the increasing demand for high-quality healthcare services, the region’s growing economy, advances in technology, and government initiatives aimed at improving healthcare outcomes.

Middle East Medical Devices Market: Overview

Medical devices are tools or equipment used to diagnose, treat, or prevent medical conditions. There are a wide variety of medical devices, including orthopedic devices, cardiovascular devices, diagnostic imaging equipment, in-vitro diagnostics, minimally invasive surgery tools, wound management tools, diabetes care equipment, ophthalmic devices, dental devices, nephrology devices, general surgery tools, and others. These devices can be used in hospitals, ambulatory surgical centres, clinics, and other medical settings.

Orthopaedic devices are used for musculoskeletal injuries or disorders, such as joint replacements, fracture fixation devices, and spinal implants. Cardiovascular devices include pacemakers, defibrillators, and stents, which are used to treat heart conditions. Diagnostic imaging equipment includes X-ray machines, ultrasound machines, and MRI machines, which are used to diagnose medical conditions. In-vitro diagnostics are laboratory tests used to diagnose diseases or conditions, such as blood tests or genetic tests.

Minimally invasive surgery tools are used for surgeries that require only small incisions, which can lead to faster recovery times and fewer complications. Wound management tools include dressings, bandages, and negative pressure wound therapy devices, which are used to treat and manage various types of wounds. Diabetes care equipment includes insulin pumps, glucose monitors, and other devices used to manage diabetes. Ophthalmic devices are used to diagnose and treat eye conditions, such as contact lenses or surgical tools for cataract removal. Dental devices include tools used for cleaning teeth, filling cavities, and performing oral surgeries. Nephrology devices are used for the treatment of kidney diseases, such as dialysis machines.

Medical devices have become increasingly popular in the Middle East due to the region’s growing healthcare sector and rising demand for advanced medical technologies. The Middle East is also experiencing an ageing population, which is driving demand for medical devices that can treat age-related conditions. Additionally, governments in the region are investing in healthcare infrastructure, which is driving the growth of hospitals and medical facilities that require medical devices.

Saudi Arabia Medical Devices Market Synopsis

The medical devices market in Saudi Arabia is growing due to the country’s increasing healthcare expenditure and the government’s commitment to improving the overall healthcare infrastructure in the country. Saudi Arabia has been investing heavily in improving healthcare facilities, which has resulted in an increased demand for medical devices. Furthermore, the country’s expanding population has resulted in a growing demand for medical devices that are used to treat a variety of ailments. The country has also implemented various reforms in the healthcare sector, such as the National Transformation Program and the Saudi Vision 2030, which have allowed for greater access to medical devices and services.

UAE Medical Devices Market Synopsis

The medical devices market in the UAE is growing due to the country’s increasing healthcare expenditure and the government’s commitment to improving the overall healthcare infrastructure in the country. The UAE has invested heavily in medical research and technological advancements and has developed several healthcare-focused initiatives such as the Dubai Health Initiative, the Abu Dhabi Health Services Authority, and the Dubai Health Care City. These initiatives have resulted in an increased demand for medical devices and services in the country. Furthermore, the UAE’s young and growing population has resulted in a growing demand for medical devices that are used to treat a variety of ailments. The country has also implemented various reforms in the healthcare sector, such as the National Health Insurance Scheme and the Dubai Health Strategy, which have allowed for greater access to medical devices and services.

Middle East Medical Devices Market: Segmentation

The middle east Baby Care Products market has been segmented By Type and By End-user.

Based on the By Type, the middle east is Orthopedic Devices, Cardiovascular Devices, Diagnostic Imaging, In-vitro Diagnostics, Minimally Invasive Surgery, Wound Management, Diabetes Care, Ophthalmic Devices, Dental Devices, Nephrology, General Surgery, and Others. In 2021, in-vitro diagnostics held a significant share. It was the top-selling segment in the diagnostic imaging market. This trend is expected to continue in the forecast period due to its growing demand in clinical laboratories and other healthcare settings. Moreover, the rising trend of in-home diagnostic testing and remote patient monitoring is expected to drive the in-vitro diagnostics market even further. For instance, the growth of IVD test kits for COVID-19 diagnosis as well as the development of POC tests is expected to boost the growth of the in-vitro diagnostics market during the forecast period.

Based on the By End-user, the middle east is Hospitals & ASCs, Clinics, and Others. In 2021, the Hospitals & ASCs segment held a significant share. This segment is expected to grow steadily during the forecast period. This growth is attributed to the increasing demand for ambulatory surgical centres and hospital services. Additionally, technological advancements in the healthcare sector are expected to drive segment growth. Moreover, the rising trend of home healthcare services is expected to further propel the segment’s growth in the upcoming years. For instance, the rising popularity of telemedicine services and the increasing number of mobile applications to manage health-related services are expected to positively impact the segment’s growth.

In 2021, the Middle East Medical Devices space saw several significant developments.

In February 2021, Health at Home, a UAE-based provider of home health services, announced the launch of a new medical device division. The company will offer a range of medical devices and solutions for home healthcare, including patient monitoring solutions and therapeutic devices.
In March 2021, Dubai-based medical device start-up DeNovo Medical Solutions announced the launch of its new medical imaging device. The device is designed to provide physicians with a more accurate and precise diagnosis of medical conditions.
In April 2021, Saudi-based medical device company Visionary Labs announced the launch of its new device, a device designed to detect and monitor eye diseases.
In February 2021, Saudi-based medical device company HealthQ announced the launch of its new medical device, a portable ultrasound device. The device is designed to provide medical professionals with a more accurate and efficient diagnosis of medical conditions.

In 2021, there were several acquisitions in the Middle East Medical Devices company space.

In April 2021, Saudi-based medical devices company, Sihatech, acquired 100% of the shares in ProMedEx, a medical devices distributor in the UAE. The acquisition is aimed at strengthening Sihatech’s position in the UAE market and expanding its product offerings.
In August 2021, UAE-based medical devices company, NMC Healthcare, announced that it was selling its ProVita International Medical Center business to Aveanna Healthcare, a US-based healthcare services company. The sale was part of NMC’s ongoing efforts to restructure its business and reduce its debt.