Published Date : May, 2020   |   Report ID : 1007950   |   Report Format : PDF   |   Delivery Time : 48-72 Business Hours   |   Category : Healthcare & Pharmaceuticals

Analyzing Impact of COVID-19 on Middle East and Africa Patient Care Monitoring Devices Market

Evaluating Financial Stability During & Post Pandemic

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The Research Report is Updated with 2020 Base Year, 2021 Estimated year and Forecast till 2030 with Market Insights.

With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2020 as base year, 2021 as estimated year and forecast to 2030. This will have market drivers, recovery rate in the market, insights and competitive analysis.

Introduction and Overview

The Middle East and Africa Patient Care Monitoring Devices market is projected to record only a slight improvement in its growth than its earlier years, with the MENA region anticipated to record a GDP growth rate of 2.6 percent in the year 2020. Some of the nations belonging to the Gulf region have witnessed rapid urbanization and economic growth, with improved life expectancy and fall in infant mortality rate over the past decade. However, various political changes have caused a decline in economic growth in some countries in the region. The growth in the Middle East and North Africa (MENA) region over the years has neither failed to address the challenges of poverty reduction nor has fair competition been promoted in the region. With growth continuing to remain non-inclusive and high inequalities prevailing in the region, the region is predicted to face several challenges before it moves into a phase of high growth. Moreover, the region consists of nations that are rich in oil resources and various other natural resources on the one hand and on the other hand, several middle- and low-income nations that are poor and dependent on other nations for their sustenance. The World Bank has predicted that GDP growth rate in MENA region is anticipated to grow moderately to reach 2.6 percent in 2020 and 2.9 percent in 2021. Further, according to International Monetary Fund (IMF), Gulf Co-operation Council member countries (GCC) are projected to register a growth rate of 2.1 percent in 2019 from a growth rate of 2.0 percent in 2018, with the economic outlook in GCC member countries dependent on oil price volatility and other external factors such as sanctions imposed on certain nations and growing unpredictable financial conditions emerging across the globe. IMF also predicts that the oil importing countries are anticipated to witness a slowdown in growth from 4.2 percent in the year 2018 to 3.6 percent in 2019, which is reflective of a slowing world economy and other domestic factors affecting the market in the region. Our study on the Middle East and Africa Patient Care Monitoring Devices market is driven by the adoption of an exhaustive approach towards the industry analysis comprising of the overall market size and revenue growth, recent market developments, growth drivers, market segmentation, opportunities and challenges that are influencing the growth of the market. The Middle East and Africa Patient Care Monitoring Devices market is estimated to attain notable absolute $ opportunity value in 2027 as compared to the value achieved in 2019.

The study of the Middle East and Africa Patient Care Monitoring Devices market offers a detailed analysis including a risk analysis that covers demand and supply risk affecting the growth of the market accompanied by existing and future market trends prevalent in the region. Further, the inclusion of a correlation and regression analysis for determination of relation between independent and dependent variables is covered in the study.

Top Macro-Economic Indicators Impacting the Growth:

The Middle East and Africa region having a mixture of both rich and underdeveloped economies in the region is anticipated to observe a period of slow growth over the forecast period (2019-2027). The region has been witnessing prevalence of communicable diseases such as HIV/Aids, Malaria and Tuberculosis. The levels of sanitation and access to health have been poor across many parts of the region and sections of population from various parts of the region continue to suffer from malnutrition, infant and maternal mortality and violence over the past decade, which is anticipated to open up various opportunities for the growth of healthcare sector in the region over the forecast period.

The population that is living with non-communicable diseases has been steadily growing in the MENA region, with the number of heart diseases increasing by 44 percent. Further, the number of individuals affected by diabetes and stroke have also shot up considerably by 87 percent and 35 percent respectively, that could in some cases lead to disability of individuals as well as premature death. The growing prevalence of lifestyle and medical conditions such as high blood pressure among individuals, unhealthy and poor diets, obesity as well as smoking among individuals have added to the growing number of non-communicable diseases present in the region. Over two thirds of the entire population living with HIV are in the WHO African region (25.7 million). The HIV mortality rate in the African region is slowly experiencing a decline in the recent years, with the mortality rate per 100,000 population decreasing from 139 in 2011 to 71 in 2016.

The number of individuals who are overweight and obese had been increasing in the African region, with higher number of individuals that were overweight and obese being reported in middle income countries than low income countries in the region. Algeria reported the highest number of individuals who were obese and overweight with 76 percent of males and 90 percent of females aged 18 years or older reportedly suffering from obesity and overweight in 2016. On the other hand, Ethiopia reported the least number of individuals who were overweight and obese, with 15 percent of males and 34 percent of females aged 18 years or older reportedly suffering from obesity or overweight.

The number of individuals who are currently surviving with diabetes has reached 35.4 million in the Middle East region in the year 2015. This constituted approximately about 9.1 percent of adults who had been surviving between the ages 20-79 during the same year. The number of individuals who were not yet diagnosed were about 40.6 percent. The population affected by diabetes and living in lower- and middle-income countries in the Middle East region were considerably high at around 83.9 percent during this period. It is estimated that the total health expenditure arising from diabetes would reach USD 31 billion by 2040. All of the above factors are predicted to boost the demand and drive the growth of healthcare sector in the region over the forecast period.

Export and Import Scenario by Regions, (USD Thousands), 2017

Geographic Overview

The report includes a section on Middle East and Africa region which has been further segregated into Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East and Africa.

Competitive Landscape

A complete section on competitive landscape provides an understanding of the companies in current strategic report based upon various parameters which includes overview of the company, business strategy, major product offerings, key performance indicators, risk analysis, recent development, regional presence and SWOT analysis. There is a separate section which has been provided on the market share of key players in this market, as well as the competitive positioning of the players.

Key Topic Covered

  • Market Size, Demand, Y-o-Y Growth Comparison
  • Market Segmentation Analysis
  • Market Segmentation Analysis by Geography
    • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa)
  • Absolute $ Opportunity
  • Regional Average Pricing Analysis
  • Demand and Supply Risk
  • Regulatory Landscape
  • Regression and Correlation Analysis
  • Porters Five Force Model
  • Market Dynamics
    • Growth Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Economy Side Drivers
    • Challenges
    • Trends
    • Opportunities
  • Macro-economic Indicators impacting the growth of the market
  • Competitive Landscape
    • Market Share of the companies
    • Competitive Positioning of the companies
    • Overview of the companies
    • Key Product Offerings
    • Business Strategies
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • SWOT Analysis
    • Recent Developments
    • Regional Presence

Major Target Audience for this report:

  • Manufacturers of the product
  • Suppliers of raw materials
  • Distributors
  • Strategic and management consulting firms
  • Investors
  • Investment banks
  • Various regulatory and Government bodies
  • Industrial Associations
  • Research Organizations and institutes
  • Organizations, alliances and forums related to this market

Crucial Questions Answered in this report:

  • How the market is going to be impacted based upon the macroeconomic indicators?
  • What are the various opportunities in Patient Care Monitoring Devices market?
  • Which segment and which country has the fastest growth?
  • Complete analysis of the competitive landscape
  • Where the maximum opportunity lies in terms of further investments by region?
  • Potential countries for investment

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