MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET 2021-2028

Lifesciences | Medical Devices & Consumables

MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET 2021-2028

Market by System, Product, Lead Type, Industry Verticals, and Country Outlook | Forecast 2021-2028

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In its report on the ECG equipment market in the Middle East and Africa, Triton has concluded that this industry will develop with a CAGR of 5.70% in the forecasting years from 2021 to 2028.


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The countries analyzed in this market include:

•           South Africa

•           Saudi Arabia

•           Turkey

•           The United Arab Emirates

•           Rest of MEA countries

As per an article published in 2020, cardiovascular disease (CVD) is the leading cause of death in Saudi Arabia. Also, it is estimated that the risk factors for CVD prevalence are high in the country’s population, including low physical activity, obesity, consumption of unhealthy diet, dyslipidemia, hypertension, and diabetes. Obesity is a public health threat in Saudi Arabia, correlating directly to cardiovascular & metabolic disorders as well as cancer. Saudi Arabia is among the top countries with high obesity rates. Around 70% of the population here is obese, as per the Saudi Food and Nutrition Association 2018. Thus, the growing burden of CVD and obesity is found to be significant and increasing, which helps in raising the demand for ECG equipment. This, in turn, is expected to bolster the market growth during the forecast period.

On the other hand, hypertension, heart diseases, and stroke are some of the major health concerns in South Africa. A high proportion of the population here suffers from overweight and obesity, which contributes to heart diseases. This growing incidence of CVDs is expected to enhance the demand for ECG equipment in the country, which would positively impact the growth of the market studied in the coming years. Additionally, there are several initiatives and campaigns being promoted in South Africa, to educate and raise awareness on CVD, such as Stent for Life, a joint initiative between the SASCI, the EAPCI, EuroPCR, and SAHA. Factors such as these are also expected to contribute to the overall market growth.

Siemens Healthineers AG is a med-tech company engaged in manufacturing and marketing clinical diagnostics and therapeutic systems. The major products of the company include medical imaging, ultrasound, POC testing, clinical specialties & diseases, healthcare IT, and laboratory diagnostics systems & devices. It also offers operational management, design, maintenance, consulting, and training & education services. Siemens Healthineers serves universities, clinics & laboratories, healthcare providers, including hospitals & hospital systems, public health agencies, private health insurers, clinical research institutes, and pharmaceutical companies. It has a business presence in the Middle East and Africa, among other regions.

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Table of Content

1. MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE ECG EQUIPMENT MARKET

2.2. KEY INSIGHTS

2.3. PORTER’S FIVE FORCES MODEL

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE PRODUCTS

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. COMPETITIVE RIVALRY

2.4. KEY IMPACT ANALYSIS

2.5. INDUSTRY COMPONENTS

2.6. MARKET ATTRACTIVENESS INDEX

2.7. VENDOR SCORECARD

2.8. KEY MARKET STRATEGIES

2.8.1. CONTRACTS AND PARTNERSHIPS

2.8.2. BUSINESS EXPANSIONS, ANNOUNCEMENTS & DIVESTITURES

2.8.3. ACQUISITIONS & MERGERS

2.8.4. NEW PRODUCT LAUNCHES & DEVELOPMENTS

2.9. MARKET DRIVERS

2.9.1. GROWING DEMAND FOR ECG DATA MANAGEMENT SOLUTIONS

2.9.2. PREVALENCE OF CARDIOVASCULAR DISEASES IMPACTING THE ECG MARKET

2.10. MARKET CHALLENGES

2.10.1. INTENSE COMPETITION AMONG THE VENDORS IN THE ECG DEVICES MARKET

2.10.2. LOW REIMBURSEMENT RATE FOR CARDIOVASCULAR DISEASES (CVD) ACTING AS A RESTRAINT TO THE ECG MARKET

2.10.3. PRODUCT RECALLS

2.11. MARKET OPPORTUNITIES

2.11.1. USAGE OF MONITORING DEVICES DUE TO INCREASED GERIATRIC POPULATION

2.11.2. ADVANCEMENTS IN IMAGING MODALITIES

3. MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET – BY SYSTEM

3.1. PORTABLE ECG SYSTEM

3.2. STATIONARY ECG SYSTEM

4. MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET – BY PRODUCT

4.1. DIAGNOSTIC ECG SYSTEM

4.1.1. REST ECG SYSTEM

4.1.2. STRESS ECG SYSTEM

4.1.3. HOLTER ECG SYSTEM

4.2. MONITORING ECG SYSTEM

4.2.1. EVENT MONITORING

4.2.2. CONTINUOUS MONITORING

4.2.3. REMOTE MONITORING

5. MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET – BY LEAD TYPE

5.1. SINGLE LEAD

5.2. 3-6 LEAD

5.3. 12-LEAD

6. MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET – BY INDUSTRY VERTICALS

6.1. HOSPITAL

6.2. HOME/AMBULATORY CARE

6.3. OTHER INDUSTRY VERTICALS

7. MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET – MIDDLE EAST AND AFRICA

7.1. COUNTRY ANALYSIS

7.1.1. SAUDI ARABIA

7.1.2. UNITED ARAB EMIRATES

7.1.3. TURKEY

7.1.4. SOUTH AFRICA

7.1.5. REST OF MIDDLE EAST & AFRICA

8. COMPANY PROFILES

8.1. BIONET CO LTD

8.2. BIOTELEMETRY INC

8.3. COMPUMED INC

8.4. FUKUDA DENSHI CO LTD

8.5. GE HEALTHCARE

8.6. HILL ROM HOLDINGS INC

8.7. MCKESSON CORPORATION

8.8. MEDIBIOSENSE LTD

8.9. MINDRAY MEDICAL INTERNATIONAL LIMITED

8.10. NIHON KOHDEN CORPORATION

8.11. PHILIPS HEALTHCARE

8.12. SCHILLER AG

8.13. SIEMENS HEALTHINEERS AG

8.14. SPACELABS HEALTHCARE (SUBSIDIARY OF OSI SYSTEMS INC)

8.15. ZOLL MEDICAL CORPORATION (ACQUIRED BY ASAHI KASEI)

9. RESEARCH METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE & DELIVERABLES

9.1.1. OBJECTIVES OF STUDY

9.1.2. SCOPE OF STUDY

9.2. SOURCES OF DATA

9.2.1. PRIMARY DATA SOURCES

9.2.2. SECONDARY DATA SOURCES

9.3. RESEARCH METHODOLOGY

9.3.1. EVALUATION OF PROPOSED MARKET

9.3.2. IDENTIFICATION OF DATA SOURCES

9.3.3. ASSESSMENT OF MARKET DETERMINANTS

9.3.4. DATA COLLECTION

9.3.5. DATA VALIDATION & ANALYSIS

List of Tables

TABLE 1: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, REGIONAL OUTLOOK, 2021-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: CONTRACTS AND PARTNERSHIPS

TABLE 4: BUSINESS EXPANSIONS, ANNOUNCEMENTS & DIVESTITURES

TABLE 5: ACQUISITIONS & MERGERS

TABLE 6: NEW PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 7: TYPES OF CARDIOVASCULAR DISEASES

TABLE 8: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY SYSTEM, 2021-2028 (IN $ MILLION)

TABLE 9: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY PRODUCT, 2021-2028 (IN $ MILLION)

TABLE 10: MIDDLE EAST AND AFRICA DIAGNOSTIC ECG SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 11: MIDDLE EAST AND AFRICA MONITORING ECG SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 12: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY LEAD TYPE, 2021-2028 (IN $ MILLION)

TABLE 13: DESCRIPTION OF VARIOUS SINGLE LEAD PRODUCTS

TABLE 14: DESCRIPTION OF VARIOUS 3-6 LEAD PRODUCTS

TABLE 15: DESCRIPTION OF VARIOUS 12 LEAD PRODUCTS

TABLE 16: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY INDUSTRY VERTICALS, 2021-2028 (IN $ MILLION)

TABLE 17: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET 2021-2028 (IN $ MILLION)

FIGURE 2: KEY FACTS OF CARDIOVASCULAR DISEASES

FIGURE 3: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY SYSTEM, 2020 & 2028 (IN %)

FIGURE 4: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY PORTABLE ECG SYSTEM, 2021-2028 (IN $ MILLION)

FIGURE 5: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY STATIONARY ECG SYSTEM, 2021-2028 (IN $ MILLION)

FIGURE 6: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY PRODUCT, 2020 & 2028 (IN %)

FIGURE 7: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY DIAGNOSTIC ECG SYSTEM, 2021-2028 (IN $ MILLION)

FIGURE 8: MIDDLE EAST AND AFRICA DIAGNOSTIC ECG SYSTEM MARKET, BY REST ECG SYSTEM, 2021-2028 (IN $ MILLION)

FIGURE 9: MIDDLE EAST AND AFRICA DIAGNOSTIC ECG SYSTEM MARKET, BY STRESS ECG SYSTEM, 2021-2028 (IN $ MILLION)

FIGURE 10: MIDDLE EAST AND AFRICA DIAGNOSTIC ECG SYSTEM MARKET, BY HOLTER ECG SYSTEM, 2021-2028 (IN $ MILLION)

FIGURE 11: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY MONITORING ECG SYSTEM, 2021-2028 (IN $ MILLION)

FIGURE 12: MIDDLE EAST AND AFRICA MONITORING ECG SYSTEM MARKET, BY EVENT MONITORING, 2021-2028 (IN $ MILLION)

FIGURE 13: MIDDLE EAST AND AFRICA MONITORING ECG SYSTEM MARKET, BY CONTINUOUS MONITORING, 2021-2028 (IN $ MILLION)

FIGURE 14: MIDDLE EAST AND AFRICA MONITORING ECG SYSTEM MARKET, BY REMOTE MONITORING, 2021-2028 (IN $ MILLION)

FIGURE 15: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY LEAD TYPE, 2020 & 2028 (IN %)

FIGURE 16: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY SINGLE LEAD, 2021-2028 (IN $ MILLION)

FIGURE 17: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY 3-6 LEAD, 2021-2028 (IN $ MILLION)

FIGURE 18: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY 12-LEAD, 2021-2028 (IN $ MILLION)

FIGURE 19: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY INDUSTRY VERTICALS, 2020 & 2028 (IN %)

FIGURE 20: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY HOSPITAL, 2021-2028 (IN $ MILLION)

FIGURE 21: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY HOME/AMBULATORY CARE, 2021-2028 (IN $ MILLION)

FIGURE 22: MIDDLE EAST AND AFRICA ECG EQUIPMENT MARKET, BY OTHER INDUSTRY VERTICALS, 2021-2028 (IN $ MILLION)

FIGURE 23: SAUDI ARABIA ECG EQUIPMENT MARKET 2021-2028 (IN $ MILLION)

FIGURE 24: UNITED ARAB EMIRATES ECG EQUIPMENT MARKET 2021-2028 (IN $ MILLION)

FIGURE 25: TURKEY ECG EQUIPMENT MARKET 2021-2028 (IN $ MILLION)

FIGURE 26: SOUTH AFRICA ECG EQUIPMENT MARKET 2021-2028 (IN $ MILLION)

FIGURE 27: REST OF MIDDLE EAST & AFRICA ECG EQUIPMENT MARKET 2021-2028 (IN $ MILLION)

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