Middle East & Africa Ultrasound Devices Market Size & Outlook
Middle East & Africa ultrasound devices market, 2018-2030 (US$M)
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MEA ultrasound devices market highlights
- The MEA ultrasound devices market generated a revenue of USD 590.9 million in 2023.
- The market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, diagnostic ultrasound devices was the largest revenue generating product in 2023.
- Therapeutic Ultrasound Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 590.9 million |
| Market revenue in 2030 | USD 786.3 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic ultrasound devices |
| Fastest growing segment | Therapeutic Ultrasound Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Ultrasound Devices, Therapeutic Ultrasound Devices |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, Samsung BioLogics, FUJIFILM Holdings Corp, Konica Minolta Inc, Esaote |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.0% of the global ultrasound devices market in 2023.
- Globally, Asia Pacific 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 3,878.7 million by 2030.
Diagnostic ultrasound devices was the largest segment with a revenue share of 83.72% in 2023. Horizon Databook has segmented the Middle East & Africa ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
The higher spending capacity of Middle Eastern countries, such as the United Arab Emirates (UAE) and Saudi Arabia, is creating increased demand for high-end ultrasound devices. Presently, the region's market share in the global ultrasound devices industry is decreasing due to a scarcity of experienced specialists capable of operating high-end ultrasound systems.
Government initiatives such as training for medical staff are further expected to increase the adoption of ultrasound devices in the region. For instance, in 2019, Dubai Health Authority (DHA) conducted an annual medical conference, where doctors and paramedics in Dubai received training in portable ultrasound equipment.
In addition, high regional disease burden, increase in the penetration of health insurance, and rise in privatization are key factors contributing to the market growth in MEA countries. Furthermore, the availability of medical imaging at an affordable cost in the region is expected to contribute to the overall market growth.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA ultrasound devices market size, by country, 2018-2030 (US$M)
Middle East & Africa Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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