Middle East & Africa Surgical Equipment Market Size & Outlook
Middle East & Africa surgical equipment market, 2018-2030 (US$M)
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MEA surgical equipment market highlights
- The MEA surgical equipment market generated a revenue of USD 518.8 million in 2023.
- The market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, surgical sutures & staplers was the largest revenue generating product in 2023.
- Electrosurgical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 518.8 million |
| Market revenue in 2030 | USD 873.0 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Surgical sutures & staplers |
| Fastest growing segment | Electrosurgical Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices |
| Key market players worldwide | Johnson & Johnson, Zimmer Biomet Holdings Inc, B. Braun, Smith & Nephew PLC, Stryker Corp, Aspen Group Inc, Medtronic PLC, BD |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.1% of the global surgical equipment 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 7,468.4 million by 2030.
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Surgical Equipment Market Scope
Surgical Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa surgical equipment 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 surgical equipment market will help companies and investors design strategic landscapes.
Surgical sutures & staplers was the largest segment with a revenue share of 45.8% in 2023. Horizon Databook has segmented the Middle East & Africa surgical equipment market based on surgical sutures & staplers, handheld surgical devices, electrosurgical devices covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East & Africa (MEA) is anticipated to witness lucrative growth owing to several factors, such as the rising focus of industry participants on the regional market, the presence of well-established medical infrastructure, and the increasing prevalence of chronic conditions.
In addition, government bodies' growing emphasis on increasing medical device manufacturing capacities is expected to boost market growth during the forecast period. In addition, manufacturers & companies operating in the regional market are launching novel products, which is expected to further fuel the regional market over the forecast period. For instance, in August 2021, Panther Healthcare introduced the Smart Powered Stapler platform in the MEA market.
This device provides automatic & intelligent control over tissue transection, compression, and resection for thoracic, gynecologic, gastrointestinal, oncology, colorectal, and laparoscopic surgical procedures. Such innovative product launches in the regional market are anticipated to propel the regional market growth.
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Target buyers of Middle East & Africa surgical equipment market databook
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Our clientele includes a mix of surgical equipment 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 surgical equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA surgical equipment market size, by country, 2018-2030 (US$M)
Middle East & Africa Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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