Middle East and Africa Hospital Supplies Market Size

MEA Hospital Supplies Market Analysis

The Middle East and Africa hospital supplies market is expected to register a CAGR of 8.3% over the forecast period.

COVID-19 had a significant impact on the Middle East and Africa hospital supplies market. For instance, different measures and reaction plans have been implemented due to the coronavirus spreading across Middle Eastern nations. As per the article published in 2021 under the title 'How the Middle-East is facing COVID-19', health resource constraints, lack of qualified medical staff, and a paucity of medical equipment have all been problems for developing Middle East North Africa (MENA) economies during COVID-19. Most MENA nations have total health expenditures per capita that were significantly lower than average for nations with comparable levels of economic growth. Furthermore, as per the report published in June 2022 under the title 'Impact of Corona Virus on the Health Care Services in Saudi Arabia', one of the countries that experienced the severe effects of the medical ailment at the peak time was Saudi Arabia. The shift in focus to the pandemic specifically had an impact on the delivery of healthcare services for chronic conditions. Hence as per the factors mentioned above, COVID-19 had a notable impact on the Middle East and Africa hospital supplies market.

The growth of the Middle East and Africa hospital supplies market is primarily driven by the rising number of hospitals, aging population, and increasing occurrences of communal diseases. For instance, as per the 2020 report, 12 new private hospitals had opened in Dubai by 2020, housing over 800 beds. The number of private hospitals within Dubai was likely to leap to 38, surpassing the number of public hospitals in the region, in addition to current hospitals under expansion. According to Gulf News, this significant expansion was in keeping with Dubai's Expo 2020 vision and includes 26 hospitals, four fertility centers, 34 one-day surgery centers, 1,624 specialized and general medical complexes, 82 dental treatment centers and laboratories, 868 pharmacies, and 38 health examination and residential nursing facilities. Such increasing healthcare expansion in the Middle East is likely to boost market growth over the forecast period.

Furthermore, the burden of chronic diseases is constantly growing worldwide. According to GLOBOCAN 2020, data updated in February 2021, around 27,885 new cancer cases were reported in Saudi Arabia in 2020. Around 4,807 new cancer cases in the United Arab Emirates (UAE) and 3,842 new cancer cases were reported in Kuwait in 2020. Since clinical diagnostic tests represent one of the most accurate methods to identify and characterize microorganisms, so it is expected to create demand for hospital supplies for diagnosis purposes.

Furthermore, the GCC countries have an overall strong demand for medical devices, owing to their popular medical tourism destinations for several European and Asian populations, raising the need for a well-established and well-equipped healthcare system, and boosting the hospital supplies market in the GCC countries. As per the Medical Tourism Index 2020-2021, ranking South Africa is listed on 22nd rank among the 46 global destinations ranked of the medical tourism destination ranking. South Africa serves as a major medical tourism hub for the entire sub-Saharan Africa region since it offers a variety of advanced healthcare services. This is expected to boost market growth.

Hence as per the factors mentioned above, Middle East and Africa hospital supplies market is anticipated to grow over the forecast period. However, the high cost of devices, steady demand for home care services, and stringent regulatory guidelines are some of the factors hindering the growth of the market.