Middle East & Africa Vital Signs Monitoring Market Size & Outlook
Middle East & Africa vital signs monitoring market, 2018-2030 (US$M)
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MEA vital signs monitoring market highlights
- The MEA vital signs monitoring market generated a revenue of USD 713.6 million in 2023.
- The market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, blood pressure monitors was the largest revenue generating product in 2023.
- Other Vital Sign Monitors is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 713.6 million |
| Market revenue in 2030 | USD 1,051.1 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Blood pressure monitors |
| Fastest growing segment | Other Vital Sign Monitors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Pressure Monitors, Pulse Oximeters, Temperature Monitoring Devices, Other Vital Sign Monitors |
| Key market players worldwide | Koninklijke Philips NV, Medtronic PLC, Nihon Kohden Corp, GE HealthCare Technologies Inc Common Stock, Masimo Corp, OMRON Corp, A&D Medical, Nonin Medical, SunTech Medical |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.3% of the global vital signs monitoring 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 3,497.7 million by 2030.
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Vital Signs Monitoring Market Scope
Vital Signs Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa vital signs monitoring 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 vital signs monitoring market will help companies and investors design strategic landscapes.
Blood pressure monitors was the largest segment with a revenue share of 48.32% in 2023. Horizon Databook has segmented the Middle East & Africa vital signs monitoring market based on blood pressure monitors, pulse oximeters, temperature monitoring devices, other vital sign monitors covering the revenue growth of each sub-segment from 2018 to 2030.
This is a growing segment for vital sign monitors. The key driving forces include government initiatives, increasing health care expenditure, and increasing awareness of the population.
This segment is growing at the rate of 6%, with blood pressure monitors dominating the vital sign monitor segment. The major countries contributing to the growth of this segment include South Africa (growth rate of 6.0%) and Saudi Arabia (growth rate of 7.4%).
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Target buyers of Middle East & Africa vital signs monitoring market databook
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Our clientele includes a mix of vital signs monitoring 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 vital signs monitoring market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa vital signs monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA vital signs monitoring market size, by country, 2018-2030 (US$M)
Middle East & Africa Vital Signs Monitoring Market Outlook Share, 2023 & 2030 (US$M)
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