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Other Medical Devices - Northern Africa

Northern Africa

The revenue in Northern Africa's Other Medical Devices market market is forecasted to reach US$1.36bn in 2024.
It is expected to experience a compound annual growth rate (CAGR) of 5.88% from 2024 to 2029, leading to a market volume of US$1.81bn by 2029.
In terms of global comparison, the United States is projected to generate the highest revenue, amounting to US$72,780.00m in 2024.
The demand for innovative medical devices in Northern Africa is rapidly growing, driven by advancements in healthcare infrastructure and an increasing focus on improving patient outcomes.

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

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Analyst Opinion

The Other Medical Devices market in Northern Africa is experiencing significant growth and development.

Customer preferences: Customers in Northern Africa have shown a growing demand for Other Medical Devices. This can be attributed to several factors, including an increasing awareness of the importance of healthcare and a growing middle class with higher disposable income. Additionally, advancements in technology have made these devices more accessible and affordable to a wider range of customers.

Trends in the market: One of the key trends in the Other Medical Devices market in Northern Africa is the increasing adoption of innovative and advanced devices. Customers are seeking devices that offer higher accuracy, efficiency, and ease of use. This has led to a rise in the demand for devices such as wearable medical devices, remote patient monitoring devices, and telehealth devices. These devices not only provide convenience to patients but also help healthcare providers in monitoring and managing patient health more effectively. Another trend in the market is the growing focus on home healthcare. With the rising cost of healthcare services and the need for continuous monitoring and care, many patients prefer to receive treatment and care in the comfort of their own homes. This has led to an increased demand for home healthcare devices such as glucose monitors, blood pressure monitors, and respiratory devices. These devices enable patients to monitor their health conditions and manage their treatments more effectively, reducing the need for frequent hospital visits.

Local special circumstances: Northern Africa has a unique set of circumstances that contribute to the growth of the Other Medical Devices market. The region has a large population, which provides a significant customer base for medical device manufacturers. Additionally, the governments in the region have been investing in the healthcare sector, aiming to improve healthcare infrastructure and services. This has created a favorable environment for the growth of the Other Medical Devices market.

Underlying macroeconomic factors: Several macroeconomic factors are driving the growth of the Other Medical Devices market in Northern Africa. One of the key factors is the increasing healthcare expenditure in the region. Governments and private entities are investing more in healthcare infrastructure and services, leading to a higher demand for medical devices. Additionally, the region's population is growing, resulting in an increased need for healthcare services and devices. Furthermore, advancements in technology and the availability of affordable devices have made it easier for customers to access and purchase Other Medical Devices. In conclusion, the Other Medical Devices market in Northern Africa is experiencing significant growth and development. Customer preferences for innovative and advanced devices, the growing focus on home healthcare, local special circumstances, and underlying macroeconomic factors are all contributing to the growth of the market.

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.