The Middle East & Africa patient monitoring market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 4.8% during 2023–2031. Growth of the market is attributed to rising burden of chronic diseases, changing lifestyles, and growing geriatric population.
Patient monitoring systems are manufactured to provide services at suitable time and place, allowing data access and data entry by medical personnel at the hospitals and nursing homes. Monitoring healthcare technologies are estimated to generate new industries and applications to deal with healthcare issues in the coming years. Patient monitoring system permits efficient response and patient mobility in emergency situations.
The covid-19 pandemic affected the demand and supply of Middle East & Africa patient monitoring market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Middle East & Africa Patient Monitoring Market Trends, Drivers, Restraints, and Opportunities
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Growing preference for remote & home monitoring is projected to boost the market in the coming years.
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Increasing use of portable devices is anticipated to drive the market during the forecast period.
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High price of products is anticipated to restrict the market growth.
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Lack of awareness about patient monitoring system is projected to hamper the market expansion.
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R&D investment and technological advancement in patient monitoring system is projected to create lucrative opportunities for the market players.
Scope of Middle East & Africa Patient Monitoring Market Report
The report on the Middle East & Africa patient monitoring market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Middle East & Africa Patient Monitoring Market–Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023-2031
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Segmentation
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Devices (Multi-parameter Monitors, Neuromonitoring Devices, Hemodynamic Monitoring Devices, Cardiac Monitoring Devices, and Other Types of Devices), Applications (Respiratory, Cardiology, Fatal & Nonfatal, Neurology, and Others), End-users (Hospitals & Clinics, Home Healthcare, and Others)
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Geographical Scope
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Middle East and Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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Siemens Healthcare GmbH; Medtronic Plc; General Electronic Company (GE Healthcare); Boston Scientific Corp.; Becton, Dickinson & Company; Abbott Laboratories; Johnson & Johnson; Koninklijke Philips NV; Alere; Intouch Technologies Inc.; Nihon Kohden Corp.; and Honeywell International Inc.
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Middle East & Africa Patient Monitoring Market Segment Insights
The hemodynamic monitoring devices segment accounts for key share of the market
Based on devices, the Middle East & Africa patient monitoring market is divided into multi-parameter monitors, neuromonitoring devices, hemodynamic monitoring devices, cardiac monitoring devices, and others. The hemodynamic monitoring devices segment accounts for a key share of the market. Growth of the market is attributed to reduction in readmissions and increasing research into hemodynamics monitoring system. However, the multi-parameter monitors segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing geriatric population and rising prevalence of unhealthy routine.
The respiratory segment accounts for a significant share of the market
Based on applications, the market is categorized into respiratory, cardiology, fatal & nonfatal, neurology, and others. The respiratory segment accounts for a key share of the market. Growth of the market is attributed to technological advancement in handiness of equipment and increasing number of critically ill geriatric cases. However, the cardiology segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising prevalence of diabetes and increasing demand for home based & non-invasive monitoring systems.
The hospitals & clinics segment accounts for a key share of the market
On the basis of end-users, the Middle East & Africa patient monitoring market is fragmented into hospitals & clinics, home healthcare, and others. The hospitals & clinics segment accounts for a key share of the market. Growth of the market is attributed to penetration of monitoring devices and increasing per capita income. However, the home healthcare segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing availability of trained professionals and increasing funding from private organizations.
Segments
The Middle East & Africa patient monitoring market has been segmented on the basis of
Devices
- Multi-parameter Monitors
- Neuromonitoring Devices
- Hemodynamic Monitoring Devices
- Cardiac Monitoring Devices
- Others
Applications
- Respiratory
- Cardiology
- Fatal & Nonfatal
- Neurology
- Others
End-users
- Hospitals & Clinics
- Home Healthcare
- Others
Geography
Key Players
- Siemens Healthcare GmbH
- Medtronic Plc
- General Electronic Company (GE Healthcare)
- Boston Scientific Corp.
- Becton, Dickinson & Company
- Abbott Laboratories
- Johnson & Johnson
- Koninklijke Philips NV
- Alere; Intouch Technologies Inc.
- Nihon Kohden Corp.
- Honeywell International Inc.
Competitive Landscape
Key players competing in the Middle East & Africa patient monitoring market include Siemens Healthcare GmbH; Medtronic Plc; General Electronic Company (GE Healthcare); Boston Scientific Corp.; Becton, Dickinson & Company; Abbott Laboratories; Johnson & Johnson; Koninklijke Philips NV; Alere; Intouch Technologies Inc.; Nihon Kohden Corp.; and Honeywell International Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and rise their production line of the business in the coming years.
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