DUBLIN--(BUSINESS WIRE)--Jun 24, 2019--
The "Middle East & Africa Hospital Supplies Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
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 the communal diseases.
Moreover, increased spending on healthcare, growing awareness about hospital-acquired infections (HAIs) are also increasing the demand for hospital supplies market in this region.
Furthermore, GCC countries have an overall strong demand for the medical devices owing to popular medical tourism destination for several European and Asian population, raising the need of well-established and well-equipped healthcare system, hence, the hospital supplies market in GCC countries is also growing.
However, the high cost of devices, steady demand for home care services, and stringent regulatory bodies are the factors which are hindering the growth of the market.
Key Market Trends
Operating Room Equipment Segment Estimated to Hold Significant Market Share
The public demand for operating room and emergency rooms, where critically ill patients are treated, is witnessing a steady rise. In the MEA region, increasing road traffic accidents, despite advances in safety technology, are among the primary reasons for the rising demand for operating rooms or emergency rooms, along with the necessary equipment.
Trauma cases are among the major causes of death in many African countries. There are a significant number of cases of hemiplegia, paraplegia, and quadriplegia due to road accidents in the region. It is expected that better government involvement through funding, initiatives, and collaboration with multinational companies would provide consistent growth in the operating room equipment segment, witnessing a healthy CAGR.
The major market players include Advanced Sterilization Products Services Inc., Becton Dickinson and Company, Cardinal Health, Inc., Kimberly-Clark Corporation, 3M Health Care, and B. Braun Melsungen AG among others.
The increasing innovation and rise in investment for various public and private organizations are expected to intensify the industry rivalry across the globe. For instance, in January 2018, with the acquisition of the respiratory division of Thimar Al Jazirah Company (TAC) in Saudi Arabia, Air Liquide enters the Home Healthcare market in the Kingdom and expands its Healthcare activity in the Middle East.
Key Topics Covered
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growth in Spending On Healthcare
4.2.2 Increasing Occurrences Of Communal Diseases
4.2.3 Growing Awareness About HAIs (Hospital Acquired Infections)
4.3 Market Restraints
4.3.1 Emergence Of Home Care Services
4.3.2 Stringent Regulatory Bodies
4.4 Porter's Five Force Analysis
5 MARKET SEGMENTATION
5.1 Product Type
5.1.1 Patient Examination Devices
5.1.2 Operating Room Equipment
5.1.3 Mobility Aids and Transportation Equipment
5.1.4 Sterilization and Disinfectant Equipment
5.1.5 Disposable Hospital Supplies
5.1.6 Syringes and Needles
5.1.7 Other Types
5.2.1 Middle East & Africa
5.2.3 South Africa
5.2.4 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3M Health Care
6.1.2 Advanced Sterilization Products Services Inc.
6.1.3 B. Braun Melsungen AG
6.1.4 Becton Dickinson And Company
6.1.5 Baxter International
6.1.6 Cardinal Health Inc.
6.1.7 Johnson & Johnson
6.1.8 Kimberly-Clark Corporation
6.1.9 Stryker Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/eqwae4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190624005762/en/
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Related Topics:Hospital Management
KEYWORD: MIDDLE EAST AFRICA
INDUSTRY KEYWORD: HOSPITALS HEALTH MEDICAL SUPPLIES
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 06/24/2019 07:47 PM/DISC: 06/24/2019 07:47 PM