According to the publisher's new market research study on “Medical Devices Market to 2027 - Middle East & Africa Analysis and Forecast - by Product Type, Function, and End Use, the market is expected to reach US$ 21,802.3 million in 2027 from US$ 16,597.4 million in 2019; it is estimated to grow at a CAGR of 3.6% from 2020 to 2027. The report highlights trends prevailing in the Middle East & Africa Medical Devices Market and the drivers and restraints pertaining to the market growth.
Based on product type, the medical devices market is segmented into surgical devices, infection control devices, general medical devices, cardiovascular devices, orthopedic devices, home healthcare devices, others. The in vitro diagnostics (IVD) segment held the largest share of the market in 2019. However, neurology devices is estimated to register the highest CAGR of 8.8% in the market during the forecast period. The infection control devices category includes sterilization equipment, cleaning and disinfection equipment, protective barriers (surgical gowns, face masks, covers and closures, goggles, etc.), endoscope reprocessing products. In today's busy healthcare facilities such as hospitals and clinics, disinfection practices can be time consuming, inefficient and costly. Therefore, new market players are entering this market segment and making developments. For instance, Sterifre Medical raised an $8 million for developing innovative disinfection and sterilization technology to meet the need for rapid, point-of-care device disinfection in healthcare facilities. Sterifre's patented technology, Aura, is a compact one-touch system that treats multiple organisms on hard-surface tools that are used in doctors' clinics and hospitals.
Medtronic, Abbott, Boston Scientific Corporation, Braun Melsungen AG, 3M, General Electric Company, Stryker Corporation, Koninklijke Philips N. V., Siemens AG, Johnson and Johnson Services, Inc. are among the leading companies operating in the Medical Devices Market.
Reasons to Buy
Based on product type, the medical devices market is segmented into surgical devices, infection control devices, general medical devices, cardiovascular devices, orthopedic devices, home healthcare devices, others. The in vitro diagnostics (IVD) segment held the largest share of the market in 2019. However, neurology devices is estimated to register the highest CAGR of 8.8% in the market during the forecast period. The infection control devices category includes sterilization equipment, cleaning and disinfection equipment, protective barriers (surgical gowns, face masks, covers and closures, goggles, etc.), endoscope reprocessing products. In today's busy healthcare facilities such as hospitals and clinics, disinfection practices can be time consuming, inefficient and costly. Therefore, new market players are entering this market segment and making developments. For instance, Sterifre Medical raised an $8 million for developing innovative disinfection and sterilization technology to meet the need for rapid, point-of-care device disinfection in healthcare facilities. Sterifre's patented technology, Aura, is a compact one-touch system that treats multiple organisms on hard-surface tools that are used in doctors' clinics and hospitals.
Medtronic, Abbott, Boston Scientific Corporation, Braun Melsungen AG, 3M, General Electric Company, Stryker Corporation, Koninklijke Philips N. V., Siemens AG, Johnson and Johnson Services, Inc. are among the leading companies operating in the Medical Devices Market.
Reasons to Buy
- To understand the Middle East & Africa Medical Devices market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for the Middle East & Africa Medical Devices market
- Efficiently plan M&A and partnership deals in the Middle East & Africa Medical Devices market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments from the Middle East & Africa Medical Devices market
- Obtain market revenue forecast for market by various segments from 2019 to 2027 in the region
Table of Contents
1. Introduction
2. Medical Devices Market - Key Takeaways
3. Medical Devices Market - Market Landscape
4. Medical Devices Market - Key Market Dynamics
5. Medical Device Market Analysis - by Product Type
6. Medical Devices Market- by Function
7. Medical Device Market Analysis - by End User
8. Medical Devices Market - Geographic Analysis
9. Impact Of COVID-19 Pandemic On MEA Medical Devices Market
10. COMPANY PROFILES
11. Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Medtronic
- Abbott
- Boston Scientific Corporation
- Braun Melsungen AG
- 3M
- General Electric Company
- Stryker Corporation
- Koninklijke Philips N.V.
- Siemens AG;
- Johnson and Johnson Services, Inc.
