Middle East & Africa Respiratory Monitoring Market - Segmented by Type of Device, Geography - Growth, Trends and Forecasts (2018 - 2023)
The Middle East & Africa Respiratory Monitoring Market is expected to witness a CAGR of 8.5% during the forecast period, 2018-2023. In terms of the market share, South Africa leads the market in MEA region.
Rising Incidences of Respiratory Diseases
COPD, asthma, respiratory allergies, and occupational lung diseases represents a major public health problem in the developing countries including MENA countries because of their high frequency and their social and economic impacts. Millions of people of all the ages suffer from preventable Chronic Respiratory Diseases (CRD) and respiratory allergies in Middle East region. CRD are increasing in prevalence in all ages. Around 60 million people in the Middle East are at risk of developing of the respiratory illness diseases. The cost of treating asthma is substantially higher in the UAE than in Europe. According to the Cost of Asthma in Dubai report, Dh87.92 million was spent in 2014 on emergency treatment, inpatient treatment and unscheduled outpatient treatment. Thus, the rise in the number of the cases is increasing which has augmented the demand for the early diagnosis, and will impact positively on the sales of the respiratory devices.
The other factors include rise in number of smokers, improvement in healthcare infrastructure and increasing health awareness and the development of advanced technologies.
High Costs Associated With the Medication and Devices
UAE survey has shown asthma attacks are costing millions to treat the patients. In Dubai it is estimated about Dh88 million was spent on treating asthmatic patients in the year 2014. Due to the high cost, many of the low income countries cannot afford these high respiratory treatments and devices. Hence, the cost of acquiring the medication and respiratory medical devices is high. Hence, many of the people and low income countries are unable to buy them which are likely to impede the growth of the respiratory monitoring market in Middle East region.
The other factor includes the reimbursement concerns.
Middle East to offer Promising Growth Opportunities
The market has been geographically segmented into Middle East and Africa. The Middle East & Africa market for respiratory monitoring is growing rapidly due to increase in prevalence of respiratory disorders in the countries in these two regions. In terms of market share South Africa leads the market in the region.
Key Developments in the Market
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