Market Insights Health Medical Technology Medical Devices

Other Medical Devices - Qatar

Qatar

In Qatar, the revenue in the market of Other Medical Devices market is expected to reach US$222.30m in 2024.
It is projected to experience an annual growth rate of 6.23% from 2024 to 2029, leading to a market volume of US$300.70m by 2029.
When compared globally, the United States is anticipated to generate the highest revenue, with US$58,900.00m in 2024.
Qatar's growing healthcare infrastructure and focus on medical tourism are driving the demand for other medical devices in the country.

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

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Analyst Opinion

The Other Medical Devices market in Qatar is experiencing significant growth due to several factors. Customer preferences for advanced medical technology, increasing healthcare expenditure, and a growing elderly population are driving the demand for other medical devices in the country. Customer preferences in Qatar are shifting towards advanced medical technology and innovative healthcare solutions. Patients are increasingly seeking non-invasive and minimally invasive procedures, which require the use of specialized medical devices. This has led to a growing demand for other medical devices such as imaging equipment, surgical instruments, and patient monitoring devices. The healthcare expenditure in Qatar has been steadily increasing over the years. The government has been investing heavily in the healthcare sector to improve the quality of healthcare services in the country. This has resulted in the expansion of healthcare facilities, the establishment of new hospitals and clinics, and the adoption of advanced medical technology. As a result, the demand for other medical devices has also increased. The elderly population in Qatar is growing at a rapid pace. Qatar has one of the highest life expectancies in the world, and the proportion of elderly people in the population is expected to increase in the coming years. The elderly population requires specialized healthcare services and medical devices to cater to their unique needs. This has created a significant demand for other medical devices in Qatar. In addition to customer preferences and demographic factors, there are also local special circumstances that are driving the growth of the Other Medical Devices market in Qatar. The country has been focusing on developing its healthcare infrastructure and capabilities to become a regional hub for medical tourism. This has attracted a large number of patients from neighboring countries who are seeking advanced medical treatments. The demand for other medical devices has increased as a result. Furthermore, Qatar is hosting major international sporting events such as the FIFA World Cup in 2022. This has led to an increased focus on sports medicine and rehabilitation, creating a demand for specialized medical devices in this field. Underlying macroeconomic factors such as a stable economy, high per capita income, and a favorable business environment have also contributed to the growth of the Other Medical Devices market in Qatar. These factors have attracted international medical device manufacturers to establish a presence in the country and cater to the growing demand for other medical devices. In conclusion, the Other Medical Devices market in Qatar is experiencing significant growth due to customer preferences for advanced medical technology, increasing healthcare expenditure, a growing elderly population, local special circumstances, and underlying macroeconomic factors. The demand for other medical devices is expected to continue to rise in the coming years as Qatar continues to invest in its healthcare sector and attract patients from neighboring countries.

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.