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Middle East and Africa Wearable Medical Devices Market – Industry Trends and Forecast to 2030

Semiconductors and Electronics

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Middle East and Africa Wearable Medical Devices Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Jul 2023
  • MEA
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Middle East and Africa Wearable Medical Devices Market, By Type (Diagnostic Devices and Therapeutic Devices), Site (Headband, Handheld, Arm & Wrist, Clip, Shoe Sensor and Others), Device (Wristwatch/Wristband, Smart Clothing, Smartwatch, Ear Wear and Others), Application (Cardiac Health, Obesity Control, Diabetes Care, Fitness Monitoring, Sleep Tracking and Others) – Industry Trends and Forecast to 2030.

Middle East and Africa Wearable Medical Devices Market

Middle East and Africa Wearable Medical Devices Market Analysis and Size

The Middle East and Africa wearable medical devices market is segmented on the basis of type, site, device, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Data Bridge Market Research analyses that the Middle East and Africa wearable medical devices which was USD 690.24 million in 2022, would rocket up to USD 2,360.47 million by 2030, and is expected to undergo a CAGR of 17.3% during the forecast period. “Diagnostic Devices” dominates the type segment of the Middle East and Africa Wearable medical devices market due to their rising health consciousness among people across the globe and increased technological advancement of wearable medical devices.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Middle East and Africa Wearable Medical Devices Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Diagnostic Devices and Therapeutic Devices), Site (Headband, Handheld, Arm & Wrist, Clip, Shoe Sensor and Others), Device (Wristwatch/Wristband, Smart Clothing, Smartwatch, Ear Wear and Others), Application (Cardiac Health, Obesity Control, Diabetes Care, Fitness Monitoring, Sleep Tracking and Others)

Countries Covered

South Africa, Saudi Arabia, U.A.E., Israel, Egypt, and Rest of Middle East and Africa

Market Players Covered

Sotera Wireless, Inc. (U.S.), Bio- Beat (Israel), Medtronic (Ireland), Abbott (U.S.), Masimo (U.S.), Polar Electro (Finland), Garmin Ltd. (U.S.), Koninklijke Philips N.V. (Netherlands), SAMSUNG (South Korea), Dexcom, Inc (U.S.), and Huawei Device Co., Ltd. (China) among others

Market Opportunities

  • Advanced Sensor Technology
  • Internet of Things (IoT) Integration
  • Wireless and Portable Solutions:

Market Definition

Wearable medical devices are the electronic devices specifically designed for medical and healthcare applications. These devices are intended to monitor and track various health parameters, provide real-time health data, aid in disease management, and facilitate remote patient monitoring. Wearable medical devices in the MEA region include devices such as Smartwatch, fitness trackers, wearable ECG monitors, insulin pumps, continuous glucose monitoring systems, smart clothing, and other sensor-based devices. These devices can collect and transmit data related to vital signs, physical activity, sleep patterns, blood glucose levels, heart rate, blood pressure, and more. The market encompasses the demand and supply of these devices, along with associated software applications, connectivity solutions, and services. The market is driven by factors such as the increasing prevalence of chronic diseases, the need for continuous health monitoring, advancements in sensor technology, growing healthcare infrastructure, and government initiatives promoting digital health and remote patient monitoring.

Middle East and Africa Wearable Medical Devices Market Dynamics

Drivers

  • Rising Chronic Disease Prevalence

 The MEA region is witnessing a significant increase in the prevalence of chronic diseases such as diabetes, cardiovascular diseases, and respiratory disorders. Wearable medical devices provide continuous monitoring and management of these conditions, contributing to better disease management and improved health outcomes.

  • Technological Advancements

Advancements in sensor technology, miniaturization, and wireless connectivity have facilitated the development of innovative wearable medical devices. These devices offer improved accuracy, ease of use, and real-time data monitoring capabilities, leading to increased adoption in the market.

  • Increasing Healthcare Awareness

There is a growing awareness among individuals in the MEA region regarding the importance of proactive healthcare management. Wearable medical devices, such as fitness trackers and smartwatches with health monitoring features, empower individuals to take control of their health by providing insights into their physical activity, sleep patterns, and vital signs.

Opportunity

  • Growing Demand for Remote Patient Monitoring Solutions

There is a growing demand for remote patient monitoring solutions in the MEA region, especially in areas with limited access to healthcare facilities. Wearable medical devices offer the potential for continuous monitoring of patient's vital signs and health parameters, allowing healthcare providers to remotely track and manage patients' conditions. Companies that provide reliable and user-friendly remote patient monitoring solutions have significant growth opportunities.

Restraint/Challenge

  • Limited Purchasing Power and Limited Access to Healthcare Resources

Affordability remains a significant restraint in the MEA region, where a large portion of the population may have limited purchasing power and limited access to healthcare resources. The high cost of wearable medical devices may hinder widespread adoption, particularly for lower-income individuals and healthcare facilities with budget constraints.

The MEA region has varying regulatory frameworks and requirements for medical devices. Companies looking to introduce wearable medical devices in multiple countries within the region may face complex and time-consuming regulatory processes, including product registration, certification, and compliance with different standards. Navigating these regulatory challenges can be a restraint to market entry and expansion.

Recent Developments

  • October 2022 - Xiaomi introduced the Smart Band 7 Pro in the UAE. Through its larger viewing area and auto-brightness feature, the Xiaomi Smart Band 7 Pro improves every discriminating user's watching experience in a lot more practical and enjoyable way without sacrificing its beautiful details. It has a high-resolution 1.64" rectangular AMOLED screen. Xiaomi Smart Band 7 Pro features over 110 sports modes that may satisfy any user's tracking requirements, from sleep monitoring to sports tracking.
  • In September 2018, Apple Inc. launched Apple Watch Series 4, which was redesigned and re-engineered to help users stay connected, become more active and manage their health in new and powerful ways. This new product launch by Apple Inc. increased its product portfolio in the market. Thereby increasing sales in the future.

Middle East and Africa Wearable Medical Devices Market Scope

The Middle East and Africa wearable medical devices market is segmented on the basis of type, site, device, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Diagnostic Devices
  • Therapeutic Devices

Site

  • Headband
  • Handheld
  • Arm & Wrist
  • Clip
  • Shoe Sensor
  • Others

Device

  • Wristwatch/Wristband
  • Smart Clothing
  • Smartwatch
  • Ear Wear
  • Others

Application

  • Cardiac Health
  • Obesity Control
  • Diabetes Care
  • Fitness Monitoring
  • Sleep Tracking
  • Others

Middle East and Africa Wearable Medical Devices Market Regional Analysis/Insights

The Middle East and Africa Wearable medical devices market is analysed and market size insights and trends are provided by country, type, site, device, and application as referenced above.

The countries covered in the Middle East and Africa wearable medical devices market report are South Africa, Saudi Arabia, U.A.E., Israel, Egypt, and Rest of Middle East and Africa.

Saudi Arabia is expected to dominate the Middle East and Africa wearable medical devices market because Saudi Arabia is known for its strong technological expertise and innovation capabilities. The country has a robust research and development infrastructure and is home to several renowned universities and research institutes specializing in imaging technologies. This ecosystem fosters the development of cutting-edge flowmeters solutions and facilitates collaborations between academia and industry.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Middle East and Africa brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Semiconductor Infrastructure Growth Installed base and New Technology Penetration

The Middle East and Africa wearable medical devices market also provides you with a detailed market analysis for every country’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the market, the impact of technology using life line curves, and changes in healthcare regulatory scenarios and their impact on the market. The data is available for the historic period 2015-2020.

Competitive Landscape and Middle East and Africa Wearable Medical Devices Market Share Analysis

The Middle East and Africa wearable medical devices market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the Middle East and Africa wearable medical devices market are:

  • Sotera Wireless, Inc. (U.S.)
  • Bio- Beat (Israel)
  • Medtronic (Ireland)
  • Abbott (U.S.)
  • Masimo (U.S.)
  • Polar Electro (Finland)
  • Garmin Ltd. (U.S.)
  • Koninklijke Philips N.V. (Netherlands)
  • SAMSUNG (South Korea)
  • Dexcom, Inc (U.S.)
  • Huawei Device Co., Ltd. (China)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Middle East and Africa Wearable Medical Devices Market will be worth USD 2,360.47 million by 2030.
The Middle East and Africa Wearable Medical Devices Market Growth rate is 17.3% during the forecast period.
Increasing Healthcare Awareness, Technological Advancements and Rising Chronic Disease prevalences are the Growth Drivers of the Middle East and Africa Wearable Medical Devices Market.
The type, site, device, and application are the factors on which the Middle East and Africa Wearable Medical Devices Market research is based.
Xiaomi introduced the Smart Band 7 Pro in the UAE and Apple Inc. launched Apple Watch Series 4, which was redesigned and re-engineered to help users stay connected, become more active, and manage their health in new and powerful ways are the latest developments in the Middle East and Africa Wearable Medical Devices Market.
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