At 7.8% CAGR, Middle East & Africa Medical Ultrasound Flow Meter Market is Projected to be Worth US$ 16.76 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa medical ultrasound flow meter market was valued at US$ 9.18 million in 2022 and is anticipated to reach US$ 16.76 million by 2030, recording a CAGR of 7.8% from 2022 to 2030. Rising number of cardiovascular and respiratory diseases and developments by companies are among the critical factors attributed to drive the Middle East & Africa medical ultrasound flow meter market growth.

Millions of deaths are recorded due to cardiovascular diseases (CVDs) annually across the world. According to the 2022 Heart Disease & Stroke Statistical Update Fact Sheet, Global Burden of Disease, 119.1 million patients succumbed to death globally due to CVD in 2020. It also stated that the global prevalence of stroke and ischemic stroke in 2020 was 89.1 million and 68.2 million, respectively.

Chronic obstructive pulmonary disease (COPD) obstructs the airflow from the lungs, which can lead to respiratory failure. It is one of the life-threatening illnesses that cause millions of deaths across the world. According to the World Health Organization (WHO), COPD was the third leading cause of death in 2022. In 2020, about 90% of COPD deaths occurred in low- and middle-income countries. Thus, the increasing number of CVDs and respiratory diseases has promoted the growing use of external support devices incorporated with ultrasound flow meters. For instance, extracorporeal membrane oxygenation (ECMO)-a life support system that provides a temporary solution for pumping fluids in the patient's body through medical tubing-is incorporated with ultrasound flow meters to work in place of heart or lungs in order to ensure the accurate flow of oxygenated blood during surgical procedures.

On the contrary, high cost and low accuracy of ultrasonic flow meter hampers the growth of Middle East & Africa medical ultrasound flow meter market.

Based on implementation, the Middle East & Africa medical ultrasound flow meter market is categorized into clamp-on, inline, and others. The clamp-on segment held 57.8% market share in 2022, amassing US$ 5.31 million. It is projected to garner US$ 9.96 million by 2030 to register 8.2% CAGR during 2022-2030.

In terms of technology, the Middle East & Africa medical ultrasound flow meter market is segmented into doppler, transit-time, and hybrid. The doppler segment held 59.6% share of Middle East & Africa medical ultrasound flow meter market in 2022, amassing US$ 5.47 million. It is anticipated to garner US$ 10.04 million by 2030 to expand at 7.9% CAGR during 2022-2030.

By application, the Middle East & Africa medical ultrasound flow meter market is divided into heart and lung machines, extracorporeal membrane oxygenation, perfusion, organs transportation system, and others. The others segment held 31.6% share of Middle East & Africa medical ultrasound flow meter market in 2022, amassing US$ 2.90 million. It is projected to garner US$ 4.74 million by 2030 to expand at 6.3% CAGR from 2022 to 2030.

Based on end user, the Middle East & Africa medical ultrasound flow meter market is categorized into hospitals and clinics, ambulatory surgical centers, research laboratories, and others. The hospitals and clinics segment held 60.9% share of Middle East & Africa medical ultrasound flow meter market in 2022, amassing US$ 5.59 million. It is predicted to garner US$ 10.37 million by 2030 to expand at 8.0% CAGR between 2022 and 2030.

Based on country, the Middle East & Africa medical ultrasound flow meter market is categorized into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 40.1% share of Middle East & Africa medical ultrasound flow meter market in 2022. It was assessed at US$ 3.68 million in 2022 and is likely to hit US$ 6.62 million by 2030, registering a CAGR of 7.6% during 2022-2030.

Key players operating in the Middle East & Africa medical ultrasound flow meter market are Arjo AB, Moor Instruments Ltd, Compumedics Ltd, Sonotec GmbH, and Siemens AG, among others.


Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com