Middle East Medical Device Market Represents A CAGR Of 5.5% For The Forecast Period From 2018 To 2025 : Grand View Research Inc.
San Francisco, 9 July 2019: The Report Middle East Medical Device Market By Product (In Vitro Diagnostics (IVD), Cardiology, Orthopedics), By FDA classification (Class I, II, III), By End-user, By Region, And Segment Forecasts, 2018 – 2025 The Middle East medical devices market is expected to reach USD 31.6 billion by 2025, according to a new report by Grand View Research, Inc. This growth is anticipated to be a result of increasing geriatric population, and increasing incidences of conventional diseases such as diabetes and obesity. Other major drivers include technological innovations and increasing demand and acceptance of such technologies in Middle Eastern countries majorly in UAE, Saudi Arabia and Qatar. Furthermore, rising competitive pressure is witnessed in the Middle East medical device market as a result of high demand and low supply ratio. Hence, it can be predicted that the Middle East medical device market may witness lucrative growth over the forecast period.