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Industry Developments
The GCC Medical Devices Market is witnessing significant developments, driven by technological advancements and increasing healthcare investments. Recent news highlights the rise of telemedicine, particularly in the wake of the COVID-19 pandemic, leading companies like Philips and Medtronic to expand their digital health solutions. In September 2023, Johnson Johnson announced the launch of a new suite of surgical technologies designed to enhance minimally invasive procedures, which aligns with the growing demand for advanced medical procedures in the GCC region.Current affairs indicate a strong growth trajectory for key players such as GE Healthcare and Siemens Healthineers, as governments in GCC countries like Saudi Arabia and the UAE continue to invest heavily in healthcare infrastructure as part of their Vision 2030 initiatives. In terms of mergers and acquisitions, B. Braun Melsungen and Thermo Fisher Scientific have been actively pursuing collaborations to enhance their product offerings and market presence, with Thermo Fisher acquiring a smaller firm in the region earlier this year. The market valuation of medical devices in the GCC has seen an uptick due to increased regulatory support and a shift towards localized manufacturing, benefiting companies like Stryker and Abbott Laboratories.
GCC Medical Device Devices Market Report Scope
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 16.03(USD Billion) |
| MARKET SIZE 2024 | 17.15(USD Billion) |
| MARKET SIZE 2035 | 36.21(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 7.03% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Hewlett Packard Enterprise, Medtronic, Philips, Johnson and Johnson, B. Braun Melsungen, Siemens Healthineers, Thermo Fisher Scientific, Boston Scientific, Cardinal Health, GE Healthcare, Abbott Laboratories, C.R. Bard, Stryker, Roche |
| SEGMENTS COVERED | Device Type Outlook, Application Outlook, End User Outlook |
| KEY MARKET OPPORTUNITIES | Telehealth technology integration, Aging population healthcare needs, Medical device regulatory reforms, Increasing demand for digital health, Growth in outpatient care services |
| KEY MARKET DYNAMICS | rapid technological advancements, increasing healthcare expenditure, aging population, rising prevalence of chronic diseases, government initiatives and regulations |
| COUNTRIES COVERED | GCC |
FAQs
What is the expected market size of the GCC Medical Device Devices Market in 2024?
The GCC Medical Device Devices Market is expected to be valued at 17.15 USD Billion in 2024.
What is the forecasted market size for the GCC Medical Device Devices Market in 2035?
In 2035, the GCC Medical Device Devices Market is anticipated to reach a value of 36.21 USD Billion.
What is the projected CAGR of the GCC Medical Device Devices Market from 2025 to 2035?
The GCC Medical Device Devices Market is expected to grow at a CAGR of 7.03% from 2025 to 2035.
Which device type is expected to dominate the GCC Medical Device market in 2024?
Diagnostic Devices are projected to dominate the market with a value of 5.0 USD Billion in 2024.
What is the value of the Drug Delivery System segment in 2035?
The Drug Delivery System segment of the GCC Medical Device Devices Market is expected to be valued at 9.12 USD Billion by 2035.
Which major players are leading the GCC Medical Device Devices Market?
Key players include Medtronic, Philips, and Johnson & Johnson among others.
What will be the market size of Invasive Devices in 2024?
The market size for Invasive Devices in 2024 is projected to be 3.7 USD Billion.
What growth opportunities exist within the GCC Medical Device market?
Emerging trends in technology and increasing healthcare demand present significant growth opportunities.
What is the expected market value for Respiratory Therapeutic Devices in 2035?
By 2035, the Respiratory Therapeutic Devices segment is expected to reach a value of 4.75 USD Billion.
How is the global scenario impacting the GCC Medical Device Devices Market?
Current global dynamics are influencing technological innovation and healthcare spending in the market.
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