MARKET OUTLOOK
As per an analysis by Triton Market Research, the pulse oximeter market in the Middle East and Africa is forecasted to progress at a CAGR of 6.48% over the projected years 2019-2028.
Saudi Arabia, Turkey, South Africa, the United Arab Emirates and Rest of Middle East & Africa are the countries studied in the Middle East and Africa pulse oximeter market.
As per a World Health Organization (WHO) report, in Turkey, over 5 million people have asthma and COPD (chronic obstructive pulmonary disease). It is the third major cause of deaths in the country, and only one-tenth of the patients are aware of the diseases they suffer from. Established in 2006, the GARD (Global Alliance Against Chronic Respiratory Diseases) is a novel and rapidly-developing alliance that is assisting the WHO in addressing non-communicable diseases at the country level. The implementation of such programs is predicted to fuel market growth.
South Africa is one of the biggest investors in health throughout the African continent. The majorly prevalent respiratory diseases in the country include asthma and COPD. These factors are significantly contributing to the recent increase in non-communicable diseases, thereby propelling market growth in the country. In September 2016, the Clinton Global Initiative announced the collaboration of the civil society organizations, industry players and the government, to boost the access to pulse oximeters in the country.
COMPETITIVE OUTLOOK
The significant players in the pulse oximeter market are Welch Allyn, Smiths Medical Group Limited, Opto Circuits Limited, Zensorium, Cas Medical Systems Inc (Acquired by Edwards Lifesciences) and GE Healthcare (General Electric Company).