Market Snapshot
| Study Period: | 2017-2025 |
| Base Year: | 2019 |
| CAGR: | 4.8 % |
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Market Overview
The Middle East & Africa Patient Monitoring Market is expected to grow with a CAGR of 4.8% in the forecast period. The key factors propelling the growth of the market are the rising burden of chronic diseases due to lifestyle changes, growth in the geriatric population, growing preference for home and remote monitoring, and ease of use and portability devices to promote growth.
Patient monitoring technologies identify small changes in the patient’s physiological data, hence promoting self-monitoring. Thus, it reduces readmissions, and prevents avoidable hospitalizations, decreases the number of unnecessary trips to the doctor’s office and reduce travel-related expenses. On the short- and long-term basis, by the proper implementation, patient monitoring technologies can expand access to quality healthcare and save time and money.
Scope of the report
As per the scope of this report, patient monitoring devices are monitoring devices that continuously monitor the patient’s vital parameters, like blood pressure and heart rates, by using a medical monitor and collecting medical (and other) data from individuals.
| By Type of Device | |
| Hemodynamic Monitoring Devices | |
| Neuromonitoring Devices | |
| Cardiac Monitoring Devices | |
| Multi-parameter Monitors | |
| Other Types of Devices |
| By Application | |
| Cardiology | |
| Neurology | |
| Respiratory | |
| Fetal and Neonatal | |
| Others |
| By End Users | |
| Home Healthcare | |
| Hospitals and Clinics | |
| Other End Users |
| Geography | |||||
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Key Market Trends
Hemodynamic Monitoring Devices Segment is Expected to Grow Fastest Over the Forecast Period
The key factors propelling the growth of this market are an increase in the number of critically ill geriatric cases, a rise in the prevalence of cardiac disorders and diabetes, increasing demand for home-based and non-invasive monitoring systems. With the increasing prevalence of cardiovascular diseases and other chronic diseases in the region, market growth also increases. According to the World Heart Federation, Factors such as technological advancements in hemodynamic monitoring systems, increasing research into hemodynamic monitoring systems further boost the market.
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Competitive Landscape
The Middle East & Africa Patient Monitoring Market is s highly competitive and consists of a few major players. Companies, like Abbott Laboratories, Boston Scientific Corporation, Becton, Dickinson and Company, General Electric Company (GE Healthcare), Johnson & Johnson, Medtronic Care Management Services LLCamong others, hold substantial shares in the market.
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Rising Burden of Chronic Diseases due to Lifestyle Changes
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4.2.2 Growing Preference for Home and Remote Monitoring
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4.3 Market Restraints
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4.3.1 Resistance from Healthcare Industry Professionals Toward the Adoption of Patient Monitoring Systems
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4.3.2 High Cost of Technology
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type of Device
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5.1.1 Hemodynamic Monitoring Devices
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5.1.2 Neuromonitoring Devices
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5.1.3 Cardiac Monitoring Devices
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5.1.4 Multi-parameter Monitors
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5.1.5 Other Types of Devices
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5.2 By Application
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5.2.1 Cardiology
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5.2.2 Neurology
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5.2.3 Respiratory
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5.2.4 Fetal and Neonatal
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5.2.5 Others
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5.3 By End Users
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5.3.1 Home Healthcare
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5.3.2 Hospitals and Clinics
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5.3.3 Other End Users
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5.4 Geography
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5.4.1 Middle-East & Africa
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5.4.1.1 GCC
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5.4.1.2 South Africa
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5.4.1.3 Rest of Middle-East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Abbott Laboratories
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6.1.2 Boston Scientific Corporation
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6.1.3 Becton, Dickinson and Company
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6.1.4 General Electric Company (GE Healthcare)
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6.1.5 Johnson & Johnson
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6.1.6 Medtronic Plc
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6.1.7 Koninklijke Philips NV
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6.1.8 Siemens Healthcare GmbH
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The MEA Patient Monitoring Market market is studied from 2017 - 2025.
What is the growth rate of MEA Patient Monitoring Market?
The MEA Patient Monitoring Market is growing at a CAGR of 4.8% over the next 5 years.
Who are the key players in MEA Patient Monitoring Market?
Abbott Laboratories, Boston Scientific Corporation, Becton, Dickinson and Company, General Electric Company (GE Healthcare), Johnson & Johnson are the major companies operating in MEA Patient Monitoring Market.
