Middle East & Africa Medical Devices Reimbursement Market Size & Outlook
Middle East & Africa medical devices reimbursement market, 2018-2030 (US$M)
MEA medical devices reimbursement market highlights
- The MEA medical devices reimbursement market generated a revenue of USD 11,610.6 million in 2023.
- The market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, public was the largest revenue generating payers in 2023.
- Public is the most lucrative payers segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 11,610.6 million |
| Market revenue in 2030 | USD 18,856.6 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Public |
| Fastest growing segment | Public |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Public |
| Key market players worldwide | Aviva PLC, CVS Health Corp, BNP Paribas Act. Cat.A, Allianz SE, Humana Inc, The Cigna Group, UnitedHealth Group Inc, Nippon Life Insurance Company of Japan, WellCare Health Plans, Elevance Health |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.0% of the global medical devices reimbursement market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 218,486.1 million by 2030.
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Medical Devices Reimbursement Market Scope
Medical Devices Reimbursement Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa medical devices reimbursement market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical devices reimbursement market will help companies and investors design strategic landscapes.
Public was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa medical devices reimbursement market based on public covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East & Africa is among the emerging regions for pharmaceutical and medical devices sectors. Growing population and increasing efforts by government to increase access to healthcare are expected to attract global biopharmaceutical and medical companies to enter this market.
High demand for advanced SCM practices in this region is expected to drive the market over the forecast period. However, monitoring issues and lack of standardization in quality of medical products are some of the factors anticipated to limit market growth.
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Target buyers of Middle East & Africa medical devices reimbursement market databook
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Our clientele includes a mix of medical devices reimbursement market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa medical devices reimbursement market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa medical devices reimbursement market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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