Middle East and Africa Endoscopy Guidewire Market

Market Introduction

Middle East & Africa region includes countries such as Saudi Arabia, U.A.E., South Africa, Rest of Middle East and Africa. The region is expected to witness a moderate growth rate. The countries included in the Middle East & Africa region. The endoscopy devices market has been substantially growing over the past few years in the MEA region. Owing to such factors including improved quality of health infrastructure, increased demand for diagnostic services and available healthcare facilities across the region. The Saudi Ministry of Health (MOH) is responsible for the arrangement, implementation, and regulation of health services. The MOH along with some other government health facilities providers provides 79% of health services and the remaining is provided by the private health service providers. In addition to this primary health services are provided as first level of care covering wide network of district-based primary health care providers. The secondary care is provided by general hospitals and tertiary care is provided by specialized hospitals. The care facilities can be arranged by primary health care clinics. The administration of MOH is very much centralized, regional executives have limited independence in financing and planning of services. However, the major expenses are authorized by the central administration of MOH. In Saudi Arabia, rising healthcare spending and well-established hospital and tertiary care centers fuel the growth of the market. The government has increased healthcare and social affairs expenditure by 48% to US$ 42.64bn (SR160bn) for the development of new healthcare centers, hospitals, blood banks and primary care centers. The rising expenditure and support from Saudi Arabia government is expected to offer growth opportunities in the endoscopy devices market during the forecast period.

Countries in Middle East have also widely affected the socio-economic condition by the COVID–19 pandemic. However, the countries have wisely reacted to the COVID–19 pandemic to avoid the spread of infection. Similar to other regions, lockdown and social distancing were imposed, which has impaired these trends hindering access to work, regular income, payments, fairs, schools, and healthcare. Therefore, it is expected the countries have undergone huge losses and are still trying to recover them. The lockdown has widely affected the non-emergency medical services in the region, which has somehow affected the medical devices. Countries like Saudi Arabia and UAE are emerging as healthcare destinations in the regions. However, they are dependent on the countries for the resources. The availability of the vaccines and other healthcare facilities in the developing countries in the region is expected to provide scope for the market few years.

Market Overview and Dynamics

The endoscopy guidewire market in MEA is expected to grow from US$ 64.49 million in 2021 to US$ 89.40 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028. Government initiatives have been proved to be an essential aspect for the growth of technology and the demand for any product in the market. To make endoscopic procedures accessible and beneficial to the patients, various government bodies have laid various initiatives supporting endoscopy devices. Favorable government initiatives coupled with suitable policies are the major factors driving the growth of the market.

Key Market Segments

Based on type, the market is segmented into monofilament, coiled, coated. In 2020, the coated segment held the largest share MEA endoscopy guidewire market. Based on core material, the market is divided into stainless steel and nitinol. In 2020, the stainless steel segment held the largest share MEA endoscopy guidewire market. Based on application, the market is segmented into diagnostics and therapeutic. In 2020, the diagnostics segment held the largest share MEA endoscopy guidewire market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the endoscopy guidewire market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Boston Scientific Corporation; CONMED Corporation; HOBBS MEDICAL INC; Medtronic; Merit Medical Systems Inc; Olympus Corporation.

Reasons to buy report

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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA endoscopy guidewire market
• Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

MEA ENDOSCOPY GUIDEWIRE MARKETSEGMENTATION

 By Type

• Monofilament
• Coiled
• Coated

 By Core Material

• Stainless Steel
• Nitinol

By Application

• Diagnostics
• Therapeutic

By Country

• Saudi Arabia
• South Africa
• UAE
• Rest of MEA

Companies Mentioned

• Boston Scientific Corporation
• CONMED Corporation
• HOBBS MEDICAL INC
• Medtronic
• Merit Medical Systems Inc
• Olympus Corporation

Middle East and Africa Endoscopy Guidewire Market Strategic Insights

Middle East and Africa Endoscopy Guidewire Market Segmentation Analysis

Middle East and Africa Endoscopy Guidewire Market Report Highlights

Middle East and Africa Endoscopy Guidewire Report Scope

Middle East and Africa Endoscopy Guidewire Market Country and Regional Insights