Market Introduction
The pediatric medical devices market in the MEA has been further segmented into the South Africa, UAE, Saudi Arabia and rest of MEA. Increasing government initiatives, growing number of research and development activities, and increasing number of market players in the region are driving the market growth in this region. Saudi Arabia accounted for the largest share of the market in this region. The infant mortality rate for Saudi Arabia is very high. According to the worldmeters, the infant mortality in Saudi Arabia 2020 was 5.3 (infant deaths per 1,000 live births), and deaths under age 5 was 6.2 (per 1,000 live births). Respiratory disorders continue to be a leading cause of morbidity and mortality in children, as well as hospitalization, particularly among children under the age of five. Bronchial asthma has been labeled the most frequent chronic ailment of childhood in Saudi Arabia due to a rise in its incidence. An increased number of cancer cases among children aged under 5 has also accelerated the demand for pediatric medical device. Growing popularity of non-surgical or minimally invasive aesthetics procedures in country is increasing demand of pediatric medical devices. Additionally, increasing number of surgeries is also contributing to growth of market.
The MEA observed increasing numbers of patients admitted to intensive care units (ICU) during the COVID-19 pandemic. The healthcare facilities experienced changes in staff allocations and workhours owing to the implementation of stringent infection control and social distancing measures. Additionally, they faced mental, physical, emotional, and financial challenges. Although, the COVID-19 pandemic boosted the demand for medical devices that can be used in a home care setting, pediatric patient visits to hospitals were restricted due to the infection. The medical devices industry segment, including pediatric medical devices, experienced losses during the COVID-19 pandemic due to restricted manufacturing and supply chain facilities. The pandemic affected the business operation of the various key players operating in the pediatric medical devices market in the region.
Market Overview and Dynamics
The pediatric medical devices market in MEA is expected to grow from US$ 11,138.49 million in 2021 to US$ 1,793.15 million by 2028; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028. Pediatric care is comparatively different from that for adult patients. The medical devices used are based on essential technologies and principles. In the MEA pediatric medical devices markets larger number of medical devices manufacturers offer a more comprehensive range of devices and services related to the products. The international players have established a strong network of products sales and post-sales services. The MEA market leaders such as Koninklijke Philips N.V, Siemens AG, GENERAL ELECTRIC, and other companies associated with medical devices related business have set business units, manufacturing plants and sales & services offices in international locations. The presence of such business units facilitates the customers and the patients in the regions, thereby garnering brand loyalty. The MEA players are also adopting online platforms to sell their products to hospitals and directly to the patients. Thus, doorstep services help in better customer care and support in acquiring market in remote locations due to advanced logistics systems and extended distributions network of the companies and associated partners.
Key Market Segments
MEA pediatric medical devices market is segmented into product, end user, and country. The pediatric medical devices market, by product, is segmented into in vitro diagnostic (IVD), cardiology devices, respiratory care, monitoring devices, neonatal ICU devices, and others. The in vitro diagnostic segment is likely to hold the largest share of the market in 2021. Based on end user, the pediatric medical devices market is segmented into hospitals, pediatric clinics, and others. The hospitals segment is likely to hold the largest share of the market in 2021. Based on country, the MEA pediatric medical devices market is segmented into Saudi Arabia, South Africa, UAE, and rest of MEA. Saudi Arabia held the largest market share in 2021.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the pediatric medical devices 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 Atom Medical Corp.; General Electric Company; Koninklijke Philips N.V.; Medtronic; and Siemens AG.
Reasons to buy report
MEA Pediatric Medical Devices Market Segmentation
MEA Pediatric medical devices Market - By Product
MEA Pediatric Medical Devices Market - By End User
MEA Pediatric Medical Devices Market - By Country
MEA Pediatric Medical Devices Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 11,138.49 Million |
| Market Size by 2028 | US$ 1,793.15 Million |
| CAGR (2021 - 2028) | 6.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa Pediatric Medical Devices Market is valued at US$ 11,138.49 Million in 2021, it is projected to reach US$ 1,793.15 Million by 2028.
As per our report Middle East and Africa Pediatric Medical Devices Market, the market size is valued at US$ 11,138.49 Million in 2021, projecting it to reach US$ 1,793.15 Million by 2028. This translates to a CAGR of approximately 6.7% during the forecast period.
The Middle East and Africa Pediatric Medical Devices 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 and Africa Pediatric Medical Devices Market report:
The Middle East and Africa Pediatric Medical Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Pediatric Medical Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Pediatric Medical Devices Market value chain can benefit from the information contained in a comprehensive market report.
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