Middle-East & Africa Hospital Supplies Market - Growth, Trends, and Forecasts (2020 - 2025)
The growth of the Middle-East & 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 and growing awareness regarding hospital-acquired infections (HAIs) are also boosting the hospital supplies market in the region. 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. 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.
Key Market Trends
Operating Room Equipment Segment Expected to Hold Significant Market Share over the Forecast Period
The public demand for operating rooms and emergency rooms, where critically ill patients are treated, is witnessing a steady growth. In the Middle-East & African 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. A significant number of cases of hemiplegia, paraplegia, and quadriplegia are registered in the region, due to road accidents. Better government involvement through funding, initiatives, and collaboration with multinational companies may provide consistent growth in the operating room equipment segment, leading to a healthy CAGR.
The major market players in the market 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 world. For instance, in January 2018, with the acquisition of the respiratory division of Thimar Al Jazirah Company (TAC) in Saudi Arabia, Air Liquide entered the home healthcare market in the kingdom and expanded its healthcare activity in the Middle-East.
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