Market Insights Health Medical Technology Medical Devices

Other Medical Devices - Jordan

Jordan

The projected revenue for the Other Medical Devices market market in Jordan is expected to reach US$139.20m by 2024.
This forecast anticipates an annual growth rate (CAGR 2024-2029) of 4.59%, leading to a market volume of US$174.20m by 2029.
In comparison to other countries, the United States is expected to generate the highest revenue in this market, with an estimated US$72,780.00m in 2024.
Jordan's market for other medical devices in the medical technology industry is experiencing a surge in demand due to the country's growing healthcare sector and increasing focus on advanced medical equipment.

Key regions: United Kingdom, China, Netherlands, Europe, Italy

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Analyst Opinion

The Other Medical Devices market in Jordan has been experiencing steady growth in recent years, driven by customer preferences for advanced medical technology and an increasing demand for healthcare services. Customer preferences in the Other Medical Devices market in Jordan are influenced by a desire for high-quality and innovative medical devices. Customers in Jordan are increasingly seeking out medical devices that offer advanced features and improved patient outcomes. They are also looking for devices that are easy to use, cost-effective, and have a positive impact on the overall healthcare experience. Trends in the Other Medical Devices market in Jordan include the adoption of telemedicine and remote patient monitoring technologies. These technologies allow healthcare providers to remotely monitor patients' vital signs and provide virtual consultations, reducing the need for in-person visits and improving access to healthcare services. Another trend is the increasing use of wearable medical devices, such as fitness trackers and smartwatches, which allow individuals to monitor their health and wellness on a daily basis. Local special circumstances in Jordan contribute to the development of the Other Medical Devices market. Jordan has a well-established healthcare system and a growing medical tourism industry, attracting patients from neighboring countries for advanced medical treatments. The government of Jordan has also implemented various initiatives to promote the adoption of digital health technologies, creating a favorable environment for the growth of the Other Medical Devices market. Additionally, the country has a young and growing population, which is driving the demand for healthcare services and medical devices. Underlying macroeconomic factors also play a role in the development of the Other Medical Devices market in Jordan. The country has a stable economy and a favorable business environment, attracting investments in the healthcare sector. Additionally, the government of Jordan has made significant investments in healthcare infrastructure and technology, supporting the growth of the medical devices market. The increasing prevalence of chronic diseases and the aging population in Jordan are also driving the demand for medical devices, as healthcare providers seek to improve patient outcomes and quality of life. Overall, the Other Medical Devices market in Jordan is experiencing growth due to customer preferences for advanced medical technology, the adoption of telemedicine and wearable devices, local special circumstances such as a well-established healthcare system and government initiatives, and underlying macroeconomic factors such as a stable economy and increasing healthcare needs.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.