Middle East & Africa Medical Cables Market Report by Scope, Segmentation, Dynamics, and Competitive Analysis

The Middle East & Africa medical cables market size is expected to reach US$ 682.24 million by 2031 from US$ 471.95 million in 2023. The market is estimated to record a CAGR of 4.7% from 2023 to 2031.

Executive Summary and Middle East & Africa Medical Cables Market Analysis:

The Middle East and Africa (MEA) medical cable market is experiencing significant growth due to increasing healthcare infrastructure, rising demand for advanced medical devices, and expanding access to healthcare services. Medical cables are crucial components in various medical applications, including monitoring systems, diagnostic devices, and surgical equipment. The market is driven by technological advancements in healthcare equipment, along with a growing focus on patient safety and efficient medical care. Furthermore, the region's expanding population, coupled with increasing healthcare investments, is expected to fuel the demand for medical cables in the coming years, presenting opportunities for key players in the market.

Middle East & Africa Medical Cables Market Segmentation Analysis:

Key segments that contributed to the derivation of the medical cables market analysis are type, application, and end user.

By type, the medical cables market is segmented into disposable medical cable, reusable medical cables, and custom medical cables. The reusable medical cables held the largest share of the market in 2023.

By application, the medical cables market is segmented into diagnostics, motorized equipment, patient monitoring, surgical and life support, and others. The surgical and life support held the largest share of the market in 2023.

By end user, the medical cables market is segmented into hospital and clinics, ambulatory surgical centers, diagnostic laboratories and imaging centers, and others. The hospitals and clinics segment held the largest share of the market in 2023.

Middle East & Africa Medical Cables Market Outlook

Companies operating in the medical cable market constantly focus on strategic developments such as product approvals, collaborations, funding, agreements, and new product launches to increase their sales, expand their geographic reach, and improve their capacities to cater to a greater than existing customer base. A few strategic initiatives taken by key players operating in the medical cable market are mentioned below.

In October 2024, BizLink Holding Inc. signed a definitive purchase agreement to acquire Cable Connection Inc. that provides new product introduction and box build solutions to customers for various industries, including healthcare, automotive, communications, semiconductor, and aerospace.

In June 2023, Omnivision launched the new ultra-thin medical-grade cable module, OVMed OCHTA, for single-use endoscopes. OVMed OCHTA cable modules include a six-wire cable that enables manufacturers to add their own LED illumination.

In March 2023, Times Microwave Systems launched XtendedFlex 178 continuous flex coaxial cable for applications requiring constant motion and flexibility, such as robotics and industrial automation technologies in large distribution centers. This new product is designed, manufactured, and tested for high-performance coaxial cable assemblies for ultra-demanding applications, including aerospace, medical, military and defense, space, and more, to enable new technological innovations.

In December 2021, Kane Infrastructure Services Holdings, LLC acquired Cable Solutions, LLC, to expand its geographical reach from the Northeast to the Southwest, providing a national service footprint for its customers, including healthcare and education.

In October 2021, Sandvik acquired Accuratech Group, a medical wire forming and component manufacturer. The product offering includes ultra-fine wires and micro-tubes, semi-finished wire components, electroplating and other products and services mainly used for the medical industry. In February 2021, TPC Wire & Cable (TPC) acquired Integrated Cable Systems, Inc. (ICS). Solutions provided by ICS’s are widely used in medical, test and measurement, and other highly sophisticated markets.

Therefore, strategic developments by market players are expected to create ample opportunities for the growth of the medical cable market in the coming years.

Middle East & Africa Medical Cables Market Country Insights

Based on country, the Middle East & Africa medical cables market comprises Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia held the largest share in 2023.

The growth of the medical cables market in Saudi Arabia is driven by several factors, including substantial investments in healthcare infrastructure, growing chronic diseases, rising healthcare needs, and technological advancements. As per the 'Rights and Wellbeing of Older Persons in Saudi Arabia' report, the number of people aged 60 or more is projected to increase five-fold during 2020-2050, rising from 2 million (5.9% of the total population) to 10.5 million (23.7% of the population). Also, the number of people aged 80 or more is expected to reach 1.6 million, i.e., 4% of the total population by 2050. Saudi Arabia's aging population is driving the need for healthcare services that incorporate advanced medical technologies such as patient monitoring systems. Medical cables are crucial for aged individuals as they are used for linking devices, such as patient monitoring systems, oxygen concentrators, and insulin pumps. They enable real-time monitoring of vital signs and chronic conditions, supporting better health management and improving overall healthcare accessibility for seniors. Saudi Arabia has been experiencing an increase in the incidence of cancer; the number of cancer-related deaths has also increased in the country. As per Globocan 2020 data, the country recorded ~27,885 new cancer cases, and the number is expected to rise to 60,429 by 2040. As the prevalence of chronic diseases grows, there is a greater demand for diagnostic and monitoring equipment that relies heavily on medical cables. Medical cables are crucial for cancer patients, as these cables are used to connect infusion pumps that deliver chemotherapy and diagnostic imaging devices used for tumor detection.

Middle East & Africa Medical Cables Market Company Profiles

Some of the key players operating in the market include TE Connectivity Ltd; Shenzhen Yong Qiang Fu Industry Co., Ltd; Spacelabs Healthcare; Ametek Inc; ATL Technology; Amphenol Alden Products; Molex LLC; and New V-Key Technology Co., Ltd among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

Middle East & Africa Medical Cables Market Research Methodology:

The following methodology has been followed for the collection and analysis of data presented in this report.

Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

Company websites, annual reports, financial statements, broker analyses, and investor presentations. Industry trade journals and other relevant publications. Government documents, statistical databases, and market reports. News articles, press releases, and webcasts specific to companies operating in the market. Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

Primary Research

The publisher conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:

Validate and refine findings from secondary research. Enhance the expertise and market understanding of the analysis team. Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects. Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa medical cables market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa Medical Cables Market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa medical cables market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.