Middle East & Africa Pediatric Masks Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 126 | Report Code: BMIRE00031948 | Category: Life Sciences
No. of Pages: 126 | Report Code: BMIRE00031948 | Category: Life Sciences
The Middle East & Africa pediatric masks market was valued at US$ 26.47 million in 2023 and is expected to reach US$ 35.27 million by 2031; it is estimated to register a CAGR of 3.7% from 2023 to 2031.
Research and development of medical devices are considered to be highly capital-intensive and carry huge risks. R&D is a crucial step, after which the best ideas are transformed into the finest products by prototyping, validation, and testing. MedTech companies are highly investing in R&D to produce innovative products. For instance, in 2023, ResMed invested US$ 307.52 million in research and development activities, representing 6.6% of its net revenues. With a continued focus on developing and commercializing new, innovative products and solutions, the company strives to improve patient outcomes, assist physicians and providers in managing chronic diseases, and reduce healthcare costs. Therefore, increasing R&D investments for the development of new products and surging government funds to enhance pediatric healthcare are expected to contribute to the growth of the pediatric market in the coming years.
Saudi Arabia is highly focused on providing improved healthcare services, and public organizations and the government are initiating programs to support the progress of research activities. In the last few years, the private sector has played an important role in the healthcare system in Saudi Arabia with active investments. Further, the Government of Saudi Arabia launched the Saudi Vision 2031 program to diversify its economy and reduce dependence on the oil and gas sector. The subsequent progress of the healthcare sector is leading to significant improvements in healthcare services, supported by the adoption of advanced technologies. More than US$ 65 billion will be spent on Saudi Arabia's healthcare system as part of Vision 2030. It also seeks to privatize 290 hospitals and 2,300 primary health facilities, raising the private sector's participation from 40% to 65%. Therefore, with the growing focus on the development of healthcare sector, the pediatric mask market in Saudi Arabia is flourishing in tandem. According to Childhood Asthma Awareness in Saudi Arabia: Five-Year Follow-Up Study, the burden of asthma in Saudi Arabia is rising as the overall prevalence of asthma in children from Saudi Arabia has been reported to range from 8% to 25% based on studies conducted over the past three decades. Thus, the growing focus on improving healthcare services and the prevalence of respiratory diseases in children in Saudi Arabia are fueling the growth of the pediatric mask market in the country.
The Middle East & Africa pediatric masks market is categorized into product type, modality, end user, and country.
By product type, the Middle East & Africa pediatric masks market is segmented into oxygen mask, nasal cannula, sleep apnea mask, and others. The oxygen mask segment held the largest share of the Middle East & Africa pediatric masks market share in 2023.
In terms of modality, the Middle East & Africa pediatric masks market is bifurcated into disposable and reusable. The disposable segment held a larger share of the Middle East & Africa pediatric masks market share in 2023.
By end users, the Middle East & Africa pediatric masks market is segmented into hospital, specialty clinics, ambulatory surgical centers, diagnostic centers, and others. The hospital segment held the largest share of the Middle East & Africa pediatric masks market share in 2023.
Based on country, the Middle East & Africa pediatric masks market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia held the largest share of Middle East & Africa pediatric masks market in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 26.47 Million |
| Market Size by 2031 | US$ 35.27 Million |
| CAGR (2023 - 2031) | 3.7% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
|
Ambu AS, Armstrong Medical Ltd, Besmed Health Business Corp, BLS Systems Limited, Circadiance, Dragerwerk AG & Co KGaA, Dynarex Corp, Fisher & Paykel Healthcare Corp Ltd, Flexicare (Group) Limited, Intersurgical Ltd, Koninklijke Philips NV, ResMed Inc, Sleepnet Corporation, and SunMed Group Holdings LLC (AirLife) are some of the leading companies operating in the pediatric masks market.
The Middle East & Africa Pediatric Masks Market is valued at US$ 26.47 Million in 2023, it is projected to reach US$ 35.27 Million by 2031.
As per our report Middle East & Africa Pediatric Masks Market, the market size is valued at US$ 26.47 Million in 2023, projecting it to reach US$ 35.27 Million by 2031. This translates to a CAGR of approximately 3.7% during the forecast period.
The Middle East & Africa Pediatric Masks Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Pediatric Masks Market report:
The Middle East & Africa Pediatric Masks Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Pediatric Masks Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Pediatric Masks Market value chain can benefit from the information contained in a comprehensive market report.
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