At 11.5% CAGR, the Middle East & Africa Vital Signs Monitoring Devices Market Is Projected to be Worth US$ 1,653.91 Million by 2030, Says Business Market Insights

According to Business Market Insights research, the Middle East & Africa vital signs monitoring devices market was valued at US$ 689.93 million in 2022 and is expected to reach US$ 1,653.91 million by 2030, registering a CAGR of 11.5% from 2022 to 2030. Use of radar technology in healthcare are among the critical factors attributed to the Middle East & Africa vital signs monitoring devices market expansion.

Radar technologies have been studied for decades for their applications in healthcare. The advantages of radar technologies have led to increased interest among researchers, and enabled the development of continuous contactless heart and respiration rate monitoring devices. Contactless monitoring would reduce the risk of cross-infection among patients and healthcare professionals, in addition to assisting doctors in accurate diagnoses. Compactness, discreetness, anonymity, robustness, and energy efficiency are the key advantages of radar technologies.

Government agencies and companies have been working on projects focused on using radar technologies in devices and enhance the quality of patients. Also, the innovative sensors are now available in a few healthcare systems to enhance diagnostics with distance resolution and signal processing. Thus, the integration of radar technologies is expected to emerge as a promising trend in the Middle East & Africa vital signs monitoring devices market during the forecast period.

On the contrary, product recalls by companies and regulatory authorities hampers the growth Middle East & Africa vital signs monitoring devices market.

Based on product, the Middle East & Africa vital signs monitoring devices market is segmented into pulse oximeters, blood pressure monitors, temperature monitoring devices, and glucose monitoring devices. The glucose monitoring devices segment held 65.8% share of the Middle East & Africa vital signs monitoring devices market in 2022, amassing US$ 454.27 million. It is projected to garner US$ 970.41 million by 2030 to expand at 10.0% CAGR during 2022-2030. The glucose monitors devices segment held the largest share in 2022. The glucose monitoring devices segment is further bifurcated into self glucose monitors and continuous glucose monitors. Additionally, the pulse oximeters segment is subsegmented into handheld pulse oximeters, table-top pulse oximeters, and pulse oximeter accessories. The temperature monitoring devices segment into digital thermometers, infrared thermometers, mercury filled thermometers, and liquid crystal thermometers. Further, by blood pressure monitoring devices, the market is categorized into digital blood pressure monitors, analog blood pressure monitors, ambulatory blood pressure monitors, mercury blood pressure monitors, and blood pressure instrument accessories.

By end user, the Middle East & Africa vital signs monitoring devices market is segmented into hospitals & clinics, ambulatory care centers, home healthcare, and other. The hospitals & clinics segment held 39.3% share of Middle East & Africa vital signs monitoring devices market in 2022, amassing US$ 271.45 million. It is projected to garner US$ 656.87 million by 2030 to expand at 11.7% CAGR during 2022-2030.

Based on country, the Middle East & Africa vital signs monitoring devices market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia held 36.6% share of Middle East & Africa vital signs monitoring devices market in 2022, amassing US$ 252.86 million. It is projected to garner US$ 606.33 million by 2030 to expand at 11.6% CAGR during 2022-2030.

Key players operating in the Middle East & Africa vital signs monitoring devices market are Koninklijke Philip NV, Medtronic Plc, Nihon Kohden, GE HealthCare Technologies Inc, OMRON corp, Masimo Corp, and Baxter Intonational Inc, are among others.




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