Middle East and Africa Wearable Medical Devices Market Growth, Size, Trends and Future Outlook
Middle East and Africa Wearable Medical Devices Market Size- By Device, By Type, By Site, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: MEDE2425 | Pages: 1 - 152 | Formats*: |
| Category : Medical Devices | |||
MEA Wearable Medical Devices Market Introduction and Overview
According to SPER Market Research, the Middle East and Africa Wearable Medical Devices Market is estimated to reach USD 3.29 Billion by 2033 with a CAGR of 18.1%.
The report includes an in-depth analysis of the Middle East and Africa Wearable Medical Devices Market, including market size and trends, product mix, applications, and supplier analysis. Wearable medical devices are electronic gadgets designed specifically for medical applications, such as monitoring health metrics, delivering real-time data, assisting with illness management, and enabling remote patient monitoring. In the MEA region, examples include smartwatches, fitness trackers, wearable ECG monitors, insulin pumps, and continuous glucose monitoring devices. These devices collect information about vital signs, physical activity, sleep patterns, blood glucose levels, and other variables. The market includes device demand, supply, software applications, connectivity solutions, and services, which are influenced by factors such as chronic disease prevalence, continuous health monitoring requirements, sensor technology advancements, healthcare infrastructure expansion, and government support for digital health.
- October 2022 - Xiaomi launches the Smart Band 7 Pro in the UAE. With its bigger viewing area and auto-brightness feature, the Xiaomi Smart Band 7 Pro makes every discriminating user's watching experience much more practical and delightful, without sacrificing its gorgeous details. It features a high-resolution 1.64" rectangular AMOLED screen. Xiaomi Smart Band 7 Pro includes over 110 sports modes that can meet every user's tracking needs, ranging from sleep monitoring to sports tracking.
- September 2018 - Apple Inc. released Apple Watch Series 4 which was completely redesigned and reengineered to help consumers remain connected, become more active, and manage their health in new and powerful ways. Apple Inc.'s new product introduction expanded its product portfolio in the market. This will increase future sales.
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Market Opportunities and Challenges
- Increasing need for remote patient monitoring solutions: There is an increasing demand for remote patient monitoring solutions in the MEA region, particularly in places with limited access to healthcare services. Wearable medical technologies have the ability to continuously monitor patients' vital signs and health characteristics, allowing healthcare providers to remotely track and manage their illnesses. Companies that offer dependable and user-friendly remote patient monitoring technologies face huge development prospects.
- Limited purchasing power and access to healthcare resources: Affordability remains a major barrier in the MEA region, where a big percentage of the population may have limited purchasing power and access to healthcare resources. The expensive cost of wearable medical devices may prevent widespread adoption, particularly among lower-income persons and healthcare organisations with limited budgets.
- Medical device regulations and criteria differ within the MEA region: Companies wishing to market wearable medical devices in numerous countries across the region may encounter complex and time-consuming regulatory processes such as product registration, certification, and compliance with various standards. Navigating these regulatory obstacles can be a barrier to market access and growth.
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Market Competitive Landscape
The major key players in the Middle East and Africa Wearable Medical Devices Market are: Abbott, Bio- Beat, Dexcom, Inc, Garmin Ltd., Huawei Device Co., Ltd., Koninklijke Philips N.V., Masimo, Medtronic, Polar Electro, SAMSUNG, Sotera Wireless, Inc, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Device, By Type, By Site, By Application |
| Regions covered | Egypt, Israel, Saudi Arabia, South Africa, U.A.E, Rest of Middle East and Africa |
| Companies Covered | Abbott, Bio- Beat, Dexcom Inc, Garmin Ltd., Huawei Device Co. Ltd., Koninklijke Philips N.V., Masimo, Medtronic, Polar Electro, SAMSUNG, Sotera Wireless, Inc, Others |
COVID-19 Impact on Middle East and Africa Wearable Medical Devices Market
The COVID-19 epidemic has had a tremendous impact on the Middle Eastern and African wearable medical device markets. With healthcare systems overburdened, there has been a renewed emphasis on remote monitoring and telehealth options. This has hastened the use of wearable gadgets to monitor vital signs and symptoms remotely, decreasing the need for in-person consultations. However, supply chain interruptions and economic problems have hampered market growth to some extent, especially in areas with limited access to healthcare facilities and technology.
Key Target Audience
- Healthcare Providers
- Medical Device Manufacturers
- Technology Companies
- Regulatory Authorities
- Research Institutions
- Patients and Caregivers
- Others
Our in-depth analysis of the Middle East and Africa Wearable Medical Devices Market includes the following segments:
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Key Topics Covered in the Report
- Middle East and Africa Wearable Medical Devices Market Size (FY’2024-FY’2033)
- Overview of Middle East and Africa Wearable Medical Devices Market
- Segmentation of Middle East and Africa Wearable Medical Devices Market By Device (Ear Wear, Smart Clothing, Smartwatch, Wristwatch/Wristband, Others)
- Segmentation of Middle East and Africa Wearable Medical Devices Market By Type (Diagnostic Devices, Therapeutic Devices)
- Segmentation of Middle East and Africa Wearable Medical Devices Market By Site (Arm & Wrist, Clip, Handheld, Headband, Shoe Sensor, Others)
- Segmentation of Middle East and Africa Wearable Medical Devices Market By Application (Cardiac Health, Diabetes Care, Fitness Monitoring, Obesity Control, Sleep Tracking, Others)
- Statistical Snap of Middle East and Africa Wearable Medical Devices Market
- Expansion Analysis of Middle East and Africa Wearable Medical Devices Market
- Problems and Obstacles in Middle East and Africa Wearable Medical Devices Market
- Competitive Landscape in the Middle East and Africa Wearable Medical Devices Market
- Impact of COVID-19 and Demonetization on Middle East and Africa Wearable Medical Devices Market
- Details on Current Investment in Middle East and Africa Wearable Medical Devices Market
- Competitive Analysis of Middle East and Africa Wearable Medical Devices Market
- Prominent Players in the Middle East and Africa Wearable Medical Devices Market
- SWOT Analysis of Middle East and Africa Wearable Medical Devices Market
- Middle East and Africa Wearable Medical Devices Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Middle East and Africa Wearable Medical Devices Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Middle East and Africa Wearable Medical Devices Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East and Africa Wearable Medical Devices Market
7. Middle East and Africa Wearable Medical Devices Market, By Device (USD Million) 2020-2033
7.1. Middle East and Africa Wearable Medical Devices Market Size, Share and Forecast, By Device, (2020-2026)7.2. Middle East and Africa Wearable Medical Devices Market Size, Share and Forecast, By Device, (2027-2033)7.3. Ear Wear7.4. Smart Clothing7.5. Smartwatch7.6. Wristwatch/Wristband7.7. Others
8. Middle East and Africa Wearable Medical Devices Market, By Type (USD Million) 2020-2033
8.1. Middle East and Africa Wearable Medical Devices Market Size, Share and Forecast, By Type, (2020-2026)8.2. Middle East and Africa Wearable Medical Devices Market Size, Share and Forecast, By Type, (2027-2033)8.3. Diagnostic Devices8.4. Therapeutic Devices
9. Middle East and Africa Wearable Medical Devices Market, By Site (USD Million) 2020-2033
9.1. Middle East and Africa Wearable Medical Devices Market Size, Share and Forecast, By Site, (2020-2026)9.2. Middle East and Africa Wearable Medical Devices Market Size, Share and Forecast, By Site, (2027-2033)9.3. Arm & Wrist9.4. Clip9.5. Handheld9.6. Headband9.7. Shoe Sensor9.8. Others
10. Middle East and Africa Wearable Medical Devices Market, By Application (USD Million) 2020-2033
10.1. Middle East and Africa Wearable Medical Devices Market Size, Share and Forecast, By Application, (2020-2026)10.2. Middle East and Africa Wearable Medical Devices Market Size, Share and Forecast, By Application, (2027-2033)10.3. Cardiac Health10.4. Diabetes Care10.5. Fitness Monitoring10.6. Obesity Control10.7. Sleep Tracking10.8. Others
11. Middle East and Africa Wearable Medical Devices Market Forecast, 2020-2033 (USD Million)
11.1. Middle East and Africa Wearable Medical Devices Market Size and Market Share
12. Middle East and Africa Wearable Medical Devices Market, By Region, 2020-2033 (USD Million)
12.1. Middle East and Africa Wearable Medical Devices Market Size and Market Share By Region (2020-2026)12.2. Middle East and Africa Wearable Medical Devices Market Size and Market Share By Region (2027-2033)12.3. Egypt12.4. Israel12.5. Saudi Arabia12.6. South Africa12.7. U.A.E12.8. Rest of Middle East and Africa
13. Company Profile
13.1. Abbott
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Bio- Beat
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Dexcom, Inc
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Garmin Ltd
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Huawei Device Co., Ltd
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Koninklijke Philips N.V.
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Masimo
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Medtronic
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Polar Electro
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. SAMSUNG
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Sotera Wireless, Inc.
13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments
13.12. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Middle East and Africa Wearable Medical Devices Market is projected to reach USD 3.29 billion by 2033, growing at a CAGR of 18.1% during the forecast period.
Middle East and Africa Wearable Medical Devices Market grew in Market size from 2022. The Market is expected to reach USD 3.29 billion by 2033, at a CAGR of 18.1% during the forecast period.
Middle East and Africa Wearable Medical Devices Market CAGR of 18.1% during the forecast period.
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Middle East and Africa Wearable Medical Devices Market size is USD 3.29 billion from 2024 to 2033.
Middle East and Africa Wearable Medical Devices Market Segment is covered By Device, By Type, By Site, By Application.
The MEA is anticipated to have the highest Market share in the Middle East and Africa Wearable Medical Devices Market.
The key players in the Market include Companies Covered Abbott, Bio- Beat, Dexcom Inc, Garmin Ltd., Huawei Device Co. Ltd., Koninklijke Philips N.V., Masimo, Medtronic, Polar Electro, SAMSUNG, Sotera Wireless, Inc, Others.
In the MEA region, examples include smartwatches, fitness trackers, wearable ECG monitors, insulin pumps, and continuous glucose monitoring devices.
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