Date: 01/06/2010

Middle-East is rated as attractive market for patient monitoring medical devices

A new report from InMedica, on the Middle East & Africa market for patient monitor devices, forecasts that the total market will increase to €150 million by 2014.

"Saudi Arabia has shown great progression in the development of healthcare systems through the provision of modern hospitals; it is the biggest market for patient monitor devices in the Middle East & Africa region", reports Kelly Barritt, market research analyst at InMedica. "In addition, as the UAE is advancing healthcare provisions by increasing the number of hospitals, increased demand for patient monitor devices is expected. The UAE is forecast to be the fastest growing market for patient monitors in the Middle East & Africa region. Furthermore, the Iranian government has focused on improving healthcare facilities, ensuring access for all of the population. As a result, the patient monitor device market in Iran is forecast with the second fastest revenue growth, with a CAGR of 9.8% from 2009 to 2014", commented Miss Barritt.

InMedica release states, many manufacturers can see new market opportunities in the emerging economies of the Middle East & Africa region. As the patient monitors market matures, more manufacturers are expected to enter the industry. To capitalise on this opportunity, Western manufacturers are increasing their direct sales presence by establishing subsidiaries in key markets. The Middle East & Africa market for patient monitor devices is forecast to grow at a CAGR of 7.4% to 2014.