Product ID: UCMIR35J2137
Report ID:
UCMIR35J2137 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
During the forecast period, it is anticipated that the medical devices market in the Middle East and Africa will experience a steady growth rate of 5.0%. The global medical devices market is also expected to witness substantial expansion, increasing from USD 512.29 billion in 2022 to USD 799.67 billion by 2030. This growth in the Middle East and Africa medical devices sector can be attributed to several factors, including the expansion of major industry players within these regions, government backing for companies operating in the area, the harmonization of medical device regulations, and notable innovations introduced by key industry players.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Life Sciences Tools & Services by segment aggregation, the contribution of the Life Sciences Tools & Services in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIR35J2137