Middle East Ultrasound Devices Market Size

Middle East Ultrasound Devices Market Analysis

The Middle East Ultrasound Devices Market size is estimated at USD 336.12 million in 2024, and is expected to reach USD 435.56 million by 2029, growing at a CAGR of 5.32% during the forecast period (2024-2029).

COVID-19 had a significant impact on the overall healthcare industry. Different measures and reaction plans have been implemented due to the coronavirus spreading across the Middle Eastern nations. As per the article published in June 2021 by the National Library of Medicine, health resource constraints, a lack of qualified medical staff, and a paucity of medical equipment have all been problems for developing Middle Eastern economies during COVID-19. Most Middle Eastern nations have total health expenditures per capita that are significantly lower than the average for nations with comparable levels of economic growth. Additionally, Middle Eastern governments introduced measures and dedicated specific funds to stop their health systems from being overwhelmed and cut back on the fast spread of COVID-19 to support their medical staff and protect the community. Hence, as per the above-mentioned factors, COVID-19 had a notable impact on the Middle East ultrasound devices market. However, with the stabilizing cases of COVID-19, the market is expected to stabilize its growth.

The rising burden of chronic diseases is one of the primary drivers for the market. The cancer burden is increasing, owing to factors such as the aging population, poor diet, smoking, and physical inactivity. As per the report from the Global Cancer Observatory, the incidence of cancer in Kuwait was 3,842 in 2020, whereas it is projected to be 10,736 by 2040. Moreover, as per the 2022 report from the World Heart Federation, cardiovascular disease is the number one cause of death in the Middle East region, responsible for more than one-third of all deaths, or 1.4 million people dying every year. Since early diagnosis is crucial, implementing ultrasound technology at a faster rate is necessary, and the adoption of ultrasound devices is likely to boost the market's growth. Diagnostic imaging equipment, such as ultrasound devices, allows for the prompt and early diagnosis of disease, allowing physicians to cure the disease, which is a key growth factor for the market under consideration. Additionally, the increase in government and private funding for R&D in ultrasound imaging also contributes to the growth of the market. For instance, Abdul Latif Jameel Health partnered with Butterfly Network and announced the launch of the world's first handheld, single-probe, complete-body ultrasound system in the ME region in 2021.

As per the factors mentioned above, the ultrasound devices market is anticipated to face growth in the Middle East region over the forecast period. However, the stringent regulatory framework in the Middle East region restrains market growth.