Middle East & Africa Smart Medical Devices Market Size & Outlook
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MEA smart medical devices market highlights
- The MEA smart medical devices market generated a revenue of USD 5,729.2 million in 2024.
- The market is expected to grow at a CAGR of 10.1% from 2025 to 2030.
- In terms of segment, therapeutic devices was the largest revenue generating product type in 2024.
- Diagnostics and Monitoring Devices is the most lucrative product type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 5,729.2 million |
| Market revenue in 2030 | USD 10,173.7 million |
| Growth rate | 10.1% (CAGR from 2025 to 2030) |
| Largest segment | Therapeutic devices |
| Fastest growing segment | Diagnostics and Monitoring Devices |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics and Monitoring Devices, Therapeutic Devices |
| Key market players worldwide | Abbott Laboratories, Medtronic PLC, Roche Holding AG, DexCom Inc, Masimo Corp, Draegerwerk AG & Co KGaA, SmartCardia, Microlife Corp, Beurer, Adherium Ltd, Ascensia Diabetes Care, LifeScan, AgaMatrix, Arkray, i-SENS Inc, ACON Laboratories, Nipro Corp, Garmin Ltd, Fourth Frontier, Nonin Medical, Sensoria, Sonova Holding AG, WS Audiology, Demant A/S |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.3% of the global smart medical devices market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 54,556.0 million by 2030.
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Smart Medical Devices Market Scope
Smart Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Fourth Frontier | View profile | 1-10 | Austin, Texas, United States, North America | https://fourthfrontier.com/ |
| i-SENS Inc | View profile | 501-1000 | Seocho, Seoul-t'ukpyolsi, South Korea, Asia | http://www.i-sens.co.kr |
| AgaMatrix | View profile | 251-500 | Salem, New Hampshire, United States, North America | http://agamatrix.com |
| SmartCardia | View profile | 11-50 | Lausanne, Vaud, Switzerland, Europe | http://www.smartcardia.com/ |
| LifeScan | View profile | 1001-5000 | Malvern, Pennsylvania, United States, North America | https://www.lifescan.com/ |
| Ascensia Diabetes Care | View profile | 1001-5000 | Basel, Basel-Stadt, Switzerland, Europe | http://www.ascensia.com/ |
| WS Audiology | View profile | 10001+ | Lynge, Hovedstaden, Denmark, Europe | https://www.wsa.com/ |
| Microlife Corp | View profile | 51-100 | Neihu, T'ai-wan, Taiwan, Asia | http://www.microlife.com/home/ |
| ACON Laboratories | View profile | 1001-5000 | San Diego, California, United States, North America | http://aconlabs.com |
| Adherium Ltd | View profile | - | 333 Collins Street, Level 14, Melbourne, VIC, Australia, 3000 | https://www.adherium.com |
| Sensoria | View profile | 1-10 | Princeton Junction, New Jersey, United States, North America | http://www.sensoria.com/ |
| Nonin Medical | View profile | 251-500 | Plymouth, Minnesota, United States, North America | http://www.nonin.com/ |
| DexCom Inc | View profile | 9600 | 6340 Sequence Drive, San Diego, CA, United States, 92121 | https://www.dexcom.com |
| Arkray | View profile | 5001-10000 | Kyoto-shi, Kyoto, Japan, Asia | https://www.arkray.co.jp/japanese/index.html |
| Masimo Corp | View profile | 3796 | 52 Discovery, Irvine, CA, United States, 92618 | https://www.masimo.com |
| Beurer | View profile | 501-1000 | Ulm, Baden-Wurttemberg, Germany, Europe | https://www.beurer.com/web/us/ |
| Nipro Corp | View profile | 39713 | 3-9-3 Honjo-Nishi Kita-ku, Osaka, Japan, 531-8510 | http://www.nipro.co.jp |
| Draegerwerk AG & Co KGaA | View profile | 16476 | Moislinger Allee 53–55, Lubeck, Germany, 23542 | https://www.draeger.com |
| Demant A/S | View profile | 21623 | Kongebakken 9, Smorum, Denmark, 2765 | https://www.demant.com |
| Sonova Holding AG | View profile | 18151 | Laubisrutistrasse 28, Stafa, Switzerland, CH-8712 | https://www.sonova.com |
| Garmin Ltd | View profile | 19900 | Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 | https://www.garmin.com |
| Roche Holding AG | View profile | 103605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | https://www.roche.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
Middle East & Africa smart medical devices 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 smart medical devices market will help companies and investors design strategic landscapes.
Therapeutic devices was the largest segment with a revenue share of 99.73% in 2024. Horizon Databook has segmented the Middle East & Africa smart medical devices market based on diagnostics and monitoring devices, therapeutic devices covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Middle East & Africa smart medical devices market databook
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Our clientele includes a mix of smart medical devices 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 smart medical devices market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa smart medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA smart medical devices market size, by country, 2018-2030 (US$M)
Middle East & Africa Smart Medical Devices Market Outlook Share, 2024 & 2030 (US$M)
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