Market Trends of Middle East Ultrasound Devices Industry
This section covers the major market trends shaping the Middle-East Ultrasound Devices Market according to our research experts:
3D and 4D Ultrasound Imaging Segment is Expected to Show Significant Growth Over the Forecast Period
In a 3D ultrasound, many 2D images are taken from various angles and pieced together to form a three-dimensional image. This appears to be what one would see in a typical photograph. 4D is similar to 3D, but it shows movement, which is more beneficial and accurate in pregnancy scanning. Thus, the doctors can see the baby kicking or opening and closing their eyes. 4D ultrasound has the added advantages of visualization and motion. It is widely used for abdominal applications, including the detection of abnormal fetus development, the visualization of the colon and rectum, the detection of cancerous and benign tumors of the prostate gland, and breast lesions, along with the flow of blood in various organs or a fetus. These ultrasounds are likely to experience substantial growth in the coming years, with the higher adoption of technologically advanced devices for better clinical decisions.
Furthermore, the increasing burden of chronic diseases and the advancement in imaging technologies are expected to drive market growth. For instance, as per the report from the Global Cancer Observatory, the incidence of cancer in Qatar was 1,482 in 2020, whereas it is projected to be 5,527 by 2040. The number of births and fertility rates are also anticipated to boost market growth in the region. For instance, as per the 2020 report from the World Bank Group, in the United Arab Emirates, the fertility rate in 2020 was 1.369. The total fertility rate represents the number of children that would be born to a woman if she were to live to the end of her childbearing years and bear children in accordance with the age-specific fertility rates of the specified year. Besides, increased technological advancements and government initiatives in the field of ultrasound devices fuel the market's growth. For example, in May 2022, Sheikh Shakhbout Medical City (SSMC), one of the UAE's largest hospitals for serious and complex care and a joint venture between the Mayo Clinic and Abu Dhabi Health Services Company (SEHA), will be the first hospital in the Middle East to open an academy to teach doctors how to use the artificial intelligence (AI)-guided point-of-care ultrasound (POCUS) device better.
Thus, based on the above facts, the 3D and 4D ultrasound imaging markets are expected to grow over the next few years.
GCC is Expected to Witness a Growth in the Studied Market Over the Forecast Period
The GCC is likely to grow in the ultrasound device market owing to factors such as the rising burden of chronic diseases, increasing government funding and initiatives for the research and development of ultrasound devices, and new product launches. For instance, as per the August 2022 report, the Hisense electronic company tested its new ultrasound diagnostic monitor in the GCC before the official launch. Following the recent launch of Hisense's 55-inch endoscopic monitor during the MENA Hospitals Forum, the global electronics and white goods manufacturer has confirmed that its radiology monitors and ultrasound devices are now undergoing final-stage testing in hospitals in both the UAE and Iraq. Such developments and product launches in the GCC region are anticipated to boost the growth of the ultrasound devices market over the forecast period.
The presence of competitors, product launches, research and development, and quality control programs in the field of ultrasound devices are boosting market growth in the studied region. For instance, as per the article published in March 2022 by the European Journal of Medical and Health Sciences (EJMED), assessing and defining the performance and safety of ultrasound equipment was the primary goal of QC programs in diagnostic imaging modalities like medical ultrasound equipment. Such monitoring programs in the studied region are likely to boost market growth.
Based on these factors, the GCC is expected to grow in a good way during the forecast period.
