Testing, Screening and Monitoring Equipment Segment to Dominate MEA Home Medical Devices market during 2020–2028

According to a new market research study on “MEA Home Medical Devices market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Functionality, Services, and Distribution Channel,” is expected to reach US$ 1,529.54 million by 2028 from US$ 1,058.29 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the MEA home medical devices market along with the drivers and restraints pertaining to the market growth. Leveraging growth of associated services for home care settings is the major factor driving the growth of the MEA home medical devices market. However, stiff regulations, challenges, and risks for homecare medical devices hinder the growth of MEA home medical devices market.

The COVID-19 pandemic has substantially impacted the Middle East and Africa. The number of growing COVID-19 cases has been reported, such as South Africa (1,529,420), Israel (818,548), UAE (426,397), and Saudi Arabia (382,407) on March 15, 2021. The pandemic has increased the demand for home medical devices. The region has observed an increasing number of patients being admitted to intensive care units (ICU) and a rising number of medications imposing multiple diagnostic and therapeutic challenges on stressed healthcare systems. This has led to a rise in medical devices. As of January, due to the rising need for medical devices, the prices have come down. For instance, the UAE patients are continuously buying COVID-19 oximeters as the device becomes increasingly affordable. The price of the oximeter has come down from a range of Dh200 (USD 54.45) plus to Dh29 (USD 7.90) and onward. Due to the growing infection rate in South Africa, the UAE, and other MEA countries, an increasing need for accurate pulse oximetry, particularly at home, has been observed. Moreover, A Samsung, Seoul, South Korea, Samsung S9+ smartphone containing Maxim Integrated biosensors, associated with the proprietary Samsung Health App containing preloaded Apps to perform pulse oximetry, are, therefore, in use globally.

The MEA home medical devices market is segmented based on functionality, services, distribution channel and country. Based on functionality, the market is segmented into testing, screening and monitoring equipment, therapeutic products, mobility care products, biofeedback instruments, electrical stimulation devices, and muscle stimulators. In 2020, the testing, screening and monitoring equipment segment held the largest share of the market and is also expected to grow at the fastest rate during the coming years. Based on testing, screening and monitoring equipment market is divided into blood glucose monitors, heart rate monitors, sleep apnea monitors, fetal monitoring devices ,cholesterol monitoring devices ,ECG/EKG devices, hearing aids ,drug and alcohol test kits, temperature monitors, coagulation monitors, blood pressure monitors, EEG Devices, pulse oximeters, home hemoglobin a1c test kits, colon cancer test kits, ovulation and pregnancy test kits, HIV Test Kits, holter and event monitors, peak flow meters, pedometers. Based on therapeutic product market is divided into oxygen delivery systems, ventilators, dialysis equipment, sleep apnea therapeutic devices, wound care products, IV equipment, nebulizers, insulin delivery devices, inhalers, other therapeutic products. Based on mobility care market is divided into wheelchairs, walkers and rollators, mobility scooters ,crutches, canes. Based on the services market is segmented into skilled nursing services, rehabilitation therapy services, hospice and palliative care services, respiratory therapy services, infusion therapy services, pregnancy care services, and unskilled care services. In 2020, the skilled nursing services segment held the largest share of the market and is expected to grow at the fastest rate during the coming years. Based on distribution channel, the MEA home medical device market is segmented into hospital pharmacies, retail pharmacies, and online retailers. The hospital pharmacy segment held the largest share of the market in 2020. The MEA home medical devices market is segmented into the United Arab Emirates (UAE), Saudi Arabia, South Africa and rest of MEA. South Africa held the largest share of the MEA home medical devices market in 2020

Abbott, B. Braun Melsungen AG, Baxter International Inc, F. HOFFMANN-LA ROCHE LTD, GE Healthcare, Johnson and Johnson Services, Inc., Koninklijke Philips N.V., Medline Industries, Inc and Medtronic are among the leading companies in the MEA Home Medical Devices market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Medtronic has launched the Azure pacemaker with BlueSync technology, which is the first and only pacemaker that can communicate directly with patients’ smartphones and tablets. Remote monitoring of heart conditions allows patients to receive expert medical advice from their physician while at home.

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