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Overview of Middle East Medical Device Market Prospects

May 17,2024

Overview of Middle East Medical Device Market Prospects

The Middle East is one of the most developed economies in the world and presents unique opportunities and challenges for multinational companies working in the medical device industry. Although the gap between some economies in the Middle East is still large, most countries have shown sustainable growth in multiple medical technology fields such as interventional cardiology. This increase is mainly due to a large increase in the population, increased spending on health care, abundant hydrocarbon wealth, increased per capita income, expanded insurance coverage, improved medical and health indicators, an increase in the middle class of the population and other factors, and the increasing burden of lifestyle-related diseases (diabetes, obesity and cardiovascular diseases).

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