Middle East and Africa ECG Equipment Market 2021-2028

The publisher has stated that the ECG equipment market in the Middle East and Africa is likely to develop with a CAGR of 5.70% in the projected years from 2021 to 2028. South Africa, Turkey, the United Arab Emirates, Saudi Arabia, and Rest of MEA together form the market in this region.

The rising adoption of advanced cardiovascular solutions in the UAE is boosting the demand for ECG equipment. For instance, last year, the Ministry of Health and Prevention, showcased an AI-based device to monitor cardiac arrhythmia (irregular heartbeat), during Arab Health 2020, in collaboration with Pure Health.

Moreover, various partnerships and agreements have taken place, which has helped in the expansion of the market. For example: “Unison,” a public-private partnership between the UAE’s Ministry of Health (MOH), Abu Dhabi International Medical Services (ADI), and GE Healthcare, aims to develop better healthcare infrastructure. These factors are anticipated to boost the growth of the ECG equipment market in the United Arab Emirates over the forecast period.

On the other hand, the regulatory network in Rest of Middle East & Africa is underdeveloped. This is because only a small percentage of the population can afford health insurance, leading to low reimbursement policies. However, mobile health applications have become very important for patients, as well as for service providers, given their ease of use. The use of mobile cardiac telemetry is rapidly rising in these nations, owing to the ease of access. This has helped increase public awareness regarding diseases and also influenced the demand for effective treatment. In addition, funds by the government to develop the healthcare system and other supportive initiatives are contributing to the growth of the market in this region.

COMPETITIVE OUTLOOK

The prominent companies operating in the ECG equipment market are GE Healthcare, Siemens Healthineers AG, Mindray Medical International Limited, Spacelabs Healthcare (subsidiary of OSI Systems Inc), Zoll Medical Corporation (acquired by Asahi Kasei), McKesson Corporation, Nihon Kohden Corporation, and Philips Healthcare.

1. Middle East and Africa ECG Equipment Market - Summary

2. Industry Outlook

2.1. Impact of COVID-19 on the ECG Equipment Market
2.2. Key Insights
2.3. Porter's Five Forces Model
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute Products
2.3.3. Bargaining Power of Buyers
2.3.4. Bargaining Power of Suppliers
2.3.5. Competitive Rivalry
2.4. Key Impact Analysis
2.5. Industry Components
2.6. Market Attractiveness Index
2.7. Vendor Scorecard
2.8. Key Market Strategies
2.8.1. Contracts and Partnerships
2.8.2. Business Expansions, Announcements & Divestitures
2.8.3. Acquisitions & Mergers
2.8.4. New Product Launches & Developments
2.9. Market Drivers
2.9.1. Growing Demand for ECG Data Management Solutions
2.9.2. Prevalence of Cardiovascular Diseases Impacting the ECG Market
2.10. Market Challenges
2.10.1. Intense Competition Among the Vendors in the ECG Devices Market
2.10.2. Low Reimbursement Rate for Cardiovascular Diseases (Cvd) Acting as a Restraint to the ECG Market
2.10.3. Product Recalls
2.11. Market Opportunities
2.11.1. Usage of Monitoring Devices Due to Increased Geriatric Population
2.11.2. Advancements in Imaging Modalities

3. Middle East and Africa ECG Equipment Market - by System

3.1. Portable ECG System
3.2. Stationary ECG System

4. Middle East and Africa ECG Equipment Market - by Product

4.1. Diagnostic ECG System
4.1.1. Rest ECG System
4.1.2. Stress ECG System
4.1.3. Holter ECG System
4.2. Monitoring ECG System
4.2.1. Event Monitoring
4.2.2. Continuous Monitoring
4.2.3. Remote Monitoring

5. Middle East and Africa ECG Equipment Market - by Lead Type

5.1. Single Lead
5.2. 3-6 Lead
5.3. 12-Lead

6. Middle East and Africa ECG Equipment Market - by Industry Verticals

6.1. Hospital
6.2. Home/Ambulatory Care
6.3. Other Industry Verticals

7. Middle East and Africa ECG Equipment Market - Middle East and Africa

7.1. Country Analysis
7.1.1. Saudi Arabia
7.1.2. United Arab Emirates
7.1.3. Turkey
7.1.4. South Africa
7.1.5. Rest of Middle East & Africa

8. Company Profiles

8.1. Bionet Co Ltd
8.2. Biotelemetry Inc
8.3. Compumed Inc
8.4. Fukuda Denshi Co Ltd
8.5. GE Healthcare
8.6. Hill Rom Holdings Inc
8.7. Mckesson Corporation
8.8. Medibiosense Ltd
8.9. Mindray Medical International Limited
8.10. Nihon Kohden Corporation
8.11. Philips Healthcare
8.12. Schiller AG
8.13. Siemens Healthineers AG
8.14. Spacelabs Healthcare (Subsidiary of Osi Systems Inc)
8.15. Zoll Medical Corporation (Acquired by Asahi Kasei)

9. Research Methodology & Scope

9.1. Research Scope & Deliverables
9.1.1. Objectives of Study
9.1.2. Scope of Study
9.2. Sources of Data
9.2.1. Primary Data Sources
9.2.2. Secondary Data Sources
9.3. Research Methodology
9.3.1. Evaluation of Proposed Market
9.3.2. Identification of Data Sources
9.3.3. Assessment of Market Determinants
9.3.4. Data Collection
9.3.5. Data Validation & Analysis

List of Tables

Table 1: Middle East and Africa ECG Equipment Market, Regional Outlook, 2021-2028 (In $ Million)
Table 2: Vendor Scorecard
Table 3: Contracts and Partnerships
Table 4: Business Expansions, Announcements & Divestitures
Table 5: Acquisitions & Mergers
Table 6: New Product Launches & Developments
Table 7: Types of Cardiovascular Diseases
Table 8: Middle East and Africa ECG Equipment Market, by System, 2021-2028 (In $ Million)
Table 9: Middle East and Africa ECG Equipment Market, by Product, 2021-2028 (In $ Million)
Table 10: Middle East and Africa Diagnostic ECG System Market, by Type, 2021-2028 (In $ Million)
Table 11: Middle East and Africa Monitoring ECG System Market, by Type, 2021-2028 (In $ Million)
Table 12: Middle East and Africa ECG Equipment Market, by Lead Type, 2021-2028 (In $ Million)
Table 13: Description of Various Single Lead Products
Table 14: Description of Various 3-6 Lead Products
Table 15: Description of Various 12 Lead Products
Table 16: Middle East and Africa ECG Equipment Market, by Industry Verticals, 2021-2028 (In $ Million)
Table 17: Middle East and Africa ECG Equipment Market, Country Outlook, 2021-2028 (In $ Million)

List of Figures

Figure 1: Middle East and Africa ECG Equipment Market 2021-2028 (In $ Million)
Figure 2: Key Facts of Cardiovascular Diseases
Figure 3: Middle East and Africa ECG Equipment Market, by System, 2020 & 2028 (In %)
Figure 4: Middle East and Africa ECG Equipment Market, by Portable ECG System, 2021-2028 (In $ Million)
Figure 5: Middle East and Africa ECG Equipment Market, by Stationary ECG System, 2021-2028 (In $ Million)
Figure 6: Middle East and Africa ECG Equipment Market, by Product, 2020 & 2028 (In %)
Figure 7: Middle East and Africa ECG Equipment Market, by Diagnostic ECG System, 2021-2028 (In $ Million)
Figure 8: Middle East and Africa Diagnostic ECG System Market, by Rest ECG System, 2021-2028 (In $ Million)
Figure 9: Middle East and Africa Diagnostic ECG System Market, by Stress ECG System, 2021-2028 (In $ Million)
Figure 10: Middle East and Africa Diagnostic ECG System Market, by Holter ECG System, 2021-2028 (In $ Million)
Figure 11: Middle East and Africa ECG Equipment Market, by Monitoring ECG System, 2021-2028 (In $ Million)
Figure 12: Middle East and Africa Monitoring ECG System Market, by Event Monitoring, 2021-2028 (In $ Million)
Figure 13: Middle East and Africa Monitoring ECG System Market, by Continuous Monitoring, 2021-2028 (In $ Million)
Figure 14: Middle East and Africa Monitoring ECG System Market, by Remote Monitoring, 2021-2028 (In $ Million)
Figure 15: Middle East and Africa ECG Equipment Market, by Lead Type, 2020 & 2028 (In %)
Figure 16: Middle East and Africa ECG Equipment Market, by Single Lead, 2021-2028 (In $ Million)
Figure 17: Middle East and Africa ECG Equipment Market, by 3-6 Lead, 2021-2028 (In $ Million)
Figure 18: Middle East and Africa ECG Equipment Market, by 12-Lead, 2021-2028 (In $ Million)
Figure 19: Middle East and Africa ECG Equipment Market, by Industry Verticals, 2020 & 2028 (In %)
Figure 20: Middle East and Africa ECG Equipment Market, by Hospital, 2021-2028 (In $ Million)
Figure 21: Middle East and Africa ECG Equipment Market, by Home/Ambulatory Care, 2021-2028 (In $ Million)
Figure 22: Middle East and Africa ECG Equipment Market, by Other Industry Verticals, 2021-2028 (In $ Million)
Figure 23: Saudi Arabia ECG Equipment Market 2021-2028 (In $ Million)
Figure 24: United Arab Emirates ECG Equipment Market 2021-2028 (In $ Million)
Figure 25: Turkey ECG Equipment Market 2021-2028 (In $ Million)
Figure 26: South Africa ECG Equipment Market 2021-2028 (In $ Million)
Figure 27: Rest of Middle East & Africa ECG Equipment Market 2021-2028 (In $ Million)