Excellent Growth of Middle East & Africa Hospital Supplies Market by 2023 by Prominent Vendos: ADVANCED STERILIZATION PRODUCTS SERVICES, BECTON DICKINSON AND COMPANY, CARDINAL HEALTH, KIMBERLY-CLARK CORPORATION, 3M HEALTH CARE

The Middle East & Africa hospital supplies market is expected to witness a CAGR of 5.6% during the forecast period (2018-2023).

Growing Geriatric Population
The increasing geriatric population in the Middle East has served as the major driver for this market. The geriatric population affected by chronic diseases, such as cancer, cardiovascular illnesses, and many others, help to propel the market. These chronic diseases usually have lengthy treatment procedures and very long healing time. Therefore, they require multiple clinical visits during this period. These repetitive visits lead to more number of patients per day and usage of more number of surgical instruments, thereby, increasing the demand for hospital supplies market.
The other factors which are driving the market are the increased spending on healthcare, increasing occurrences of communal diseases, and growing awareness about hospital-acquired infections (HAIs).

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Increasing Awareness about Aesthetic Procedures
With the advent of the internet and growing trend of social media, information is becoming more accessible to everyone, and people are becoming more aware of aesthetic procedures. Growing number of social media users and raising awareness among the masses about the medical aesthetic procedures is likely to pose a positive impact on the sales of medical aesthetic devices, resulting in a huge growth in the market size. For instance, in 2005, 5.4 million medical aesthetic procedures were performed worldwide. This number had increased to 12 million by 2014 and is expected to reach 21.9 million by 2020. Additionally, technological advancement, growing geriatric population, and the rising disposable income are likely to drive the market for aesthetic devices globally.

Key Developments in the Market
January 2018: Baxter launched the Arisure closed system transfer device to prevent the hazardous drug exposure and maintain medication sterility.

Major Players:
ADVANCED STERILIZATION PRODUCTS SERVICES INC., BECTON DICKINSON AND COMPANY, CARDINAL HEALTH, INC., KIMBERLY-CLARK CORPORATION, 3M HEALTH CARE, AND B. BRAUN MELSUNGEN AG, amongst others.

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Increasing Dependency on Imports
The Middle East & Africa region are highly dependent on the import of the hospital supplies for the majority of the products. Saudi Arabia is estimated to have a total imported value of hospital supplies of approximately USD 120 million in 2011, which was increased to close to USD 300 million in 2015. Many of the products which are imported have a high cost which acts as a barrier to the market growth in that region.
There are other factors which are hindering the growth of the market include the emergence of home care services and stringent regulatory bodies.

Growing Healthcare Sector in the GCC Countries
The growth of the Middle East and Africa hospital supplies market is primarily driven by the rising number of hospitals, aging population, and increasing occurrences of the communal diseases. The GCC countries have an overall very strong demand for the medical devices and due to this increasing demand, the healthcare sector is on the rise. Due to the rising healthcare sector the hospital supplies market in GCC countries is also growing.

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This release was published on openPR.