Report Overview

The Middle East and Africa (MEA) medical devices market is expected to witness a CAGR of 7-8% during the forecast period.

Market Fundamentals

Medical devices are regarded as the fundamental component of the healthcare system. The advantages they offer keep growing as they're necessary for the safe and effective prevention, diagnosis, treatment, and rehabilitation of illnesses and diseases. Medical device manufacture, regulation, planning, assessment, acquisition, and management are intricate processes, but they are necessary to ensure the products' high quality, safety, and suitability for the environments in which they are used. The middle east and Africa market is very diverse, and their economies have shown immense growth over the years. The several factors causing this growth include growing population, an increase in GDP/capita income, an improved literacy rate, and a larger middle-class group. Major diseases in these countries include cardiovascular diseases, diabetes, cancer, obesity, as well as tuberculosis and other respiratory ailments. The current medical device market in the middle east is primarily import-based, with 85% of medical equipment supplied by the United States and Germany. However, there are some successful companies, such as the Qatar German Company for Medical Devices, that export to several countries within Europe, Africa, and North America.  

Market Dynamics 

The healthcare industry is expanding significantly throughout the middle east and Africa. United Arab Emirates, Saudi Arabia, Turkey, and South Africa are the principal nations that make up the regions market. Growing government initiatives, an increase in R&D activities, and increase in regional market participants are some of the factors driving the market. The Saudi Arabian government is encouraging and providing several incentives for domestic medical device production, which in turn is boosting the market growth in this region. The Saudi Food and Drug Authority has also introduced a unified platform for submitting and approving new medical applications in December 2019. In addition, conferences, symposiums, and seminars are held by the government and other organizations to inform the public about the high-quality, technologically advanced medical devices that are on the market. For instance, in Jeddah in April 2019, the nation hosted a conference on Parkinson's disease and other movement disorders. Another Saudi Movement Disorders Conference was held in Jeddah in November 2020, with the goal of focusing on more therapeutic areas. Such factors are influencing the market growth of medical devices in MEA because of these favorable aspects.

Market Ecosystem

The MEA medical devices market has been analyzed from three perspectives: product type, function,  end user, and countries

Medical Devices Market by Product Type

Based on product type, the market for medical devices is divided into surgical devices, infection control devices, general medical devices, respiratory devices, cardiovascular devices, neurological devices, ophthalmology devices, in-vitro diagnostic devices, endoscopy devices, and others. The surgical devices market is further segmented into electrosurgical generators, ultrasonic surgical generators, minimally invasive surgery instruments, others. The in-vitro diagnostic devices segment accounted for largest market share in terms of product type in 2021. However, neurological devices are predicted to experience the highest CAGR during the forecast period. Hospital acquired illnesses are becoming more common, and new products from industry participants are expected to fuel market expansion. Surgical sector is also anticipated to register a significant market share in the market during the projected period. 

Medical Devices Market by Function

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Based on function, the market for medical devices is segmented into diagnostic & monitoring, therapeutics, and surgical. In terms of function, the diagnostic & monitoring segment held a larger share of the market in 2021. However, the market for surgical medical devices in likely to grow at high CAGR in the forecast period.

Medical Devices Market by End User 

Based on end user, the medical devices market is segmented into hospitals, clinics, ambulatory care centers, homecare settings, and others. The hospital sector held a larger market share in terms of end use in 2021 and is anticipated maintain its position throughout the forecast period. The government’s encouragement of public private partnerships in the development of hospitals is a new area of growth. Companies supplying primary healthcare products and services are finding opportunities within the clinic building/refurbishment programmes, although needs in this area are directed more towards basic infrastructure than clinical supplies. Government tenders are now geared to supporting the government’s broader objectives.

Medical Devices Market by Country 

On country level, the medical devices market is segmented into Saudi Arabia, Turkey, South Africa, and rest of Middle East & Africa. The Saudi Arabia region holds a larger share of the medical devices market. The Saudi Arabian government continues to place a high priority on the healthcare sector, which accounts for 60% of the GCC nations' expenditures. Healthcare and social development account for USD 36.8 billion, or 14.4%, of the government's 2022 budget, making it the third-largest sector after education and the military. The ongoing push by the government for preventative care screening to control chronic diseases is also fostering the expansion of medical device industry further. Likely, South Africa is the fastest growing country. South Africa is the primary business hub for the medical device industry in Sub-Saharan Africa. A substantial portion of medical device and lab equipment exports are sent to other parts of Africa, with 12 African nations featuring in its top 20 export destinations.

Competitive Landscape

Some of the prominent players operating in medical devices market are 

• Medtronic
• Abbott
• Boston Scientific Corporation
• 3M
• General Electric Company
• Stryker Corporation
• Koninklijke Philips N.V.
• Siemens AG
• Johnson and Johnson Services, Inc.
• B. Braun Melsungen AG

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