Middle East and Africa Defibrillator Market Size Booming at Healthy CAGR of 8.50% to Reach Value of USD 3.3 Billion by 2030

Published | 05 July 2024

Middle East & Africa Defibrillator Market is flourishing because of the increasing prevalence of cardiovascular disorders and an aging population.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Middle East & Africa Defibrillator Market size at USD 1.8 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Middle East & Africa Defibrillator Market size to expand at a CAGR of 8.50% reaching a value of USD 3.3 billion by 2030. A rise in investments in the construction of healthcare infrastructure and the increased incidence of cardiovascular disorders are major driving factors for Middle East and Africa Defibrillator Market. Moreover, encouraging government initiatives to place defibrillators in public areas and offer instruction on using them will propel Middle East and Africa Defibrillator Market in the coming year.

Opportunity - Technological advancements in defibrillators

Many major industry players are releasing cutting-edge solutions in response to the growing burden of CVDs, which is expected to propel the Middle East and Africa defibrillator market over the projected period. Defibrillator technology has advanced recently in a number of ways, such as the use of wireless connectivity, remote patient monitoring, and the development of quadripolar lead devices to enhance therapy and device programming. For example, wireless connectivity makes it easier for defibrillators and other medical equipment, such pacemakers and heart monitors, to communicate with one another.

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Hospitals to Maintain Their Dominance in the Market by End User

Middle East & Africa Defibrillator Market, based on end user, comprises hospital, pre-hospital care, public access market, alternate care facilities, home healthcare, and other segments. The hospital segment accounts for the highest market share in the market, mainly due to the high volume of cardiac surgeries performed in hospitals. Hospitals have a high demand for both ICDs and external defibrillators as they are prominently used during the treatment of patients with sudden cardiac arrests. However, the public access segment is registering substantial growth owing to high government investment in installing defibrillators in public spaces. As a result, the demand for defibrillator is projected to rise in the country to manage patients with sudden cardiac arrest.

Regional Analysis

The in-depth research report on Middle East & Africa Defibrillator Market covers the regional market in a number of major countries: Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and the rest of MEA. The UAE is projected to register a significant growth rate over the forecast period. According to a paper published on National Institutes of Health Bahrain, a major Emirate in the UAE, has the highest prevalence of cardiovascular diseases among all Middle Eastern and African countries. It is estimated 36.6% of Bahrain’s population suffering from eASCVD.

Competitive Landscape

Middle East & Africa Defibrillator market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Philips, Physio-Control, Zoll Medical Corporation, Medtronic, Schiller AG, Cardiac Science, Defibtech, Samsung, and Mindray.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in Middle East & Africa Defibrillator Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and Middle East & Africa Defibrillator Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Middle East & Africa Defibrillator Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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