Market Share of MEA Biomedical Sensors Industry
The Middle East and Africa biomedical sensors market is highly fragmented due to the presence of both global players and small and medium-sized enterprises. Some of the major players in the market are NXP Semiconductors, GE HealthCare Technologies, Inc., Honeywell International Inc., Analog Devices, Inc., and Medtronic. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- In October 2023, the Ministry of Investment Saudi Arabia signed eight MoUs, valued at USD 1.07 billion, with seven international and local companies. These agreements will lead to the localization of the supply chain for advanced medical devices, encompassing stents, sutures, and sensors.
- In August 2023, GE HealthCare announced that the FDA cleared its Portrait VSM vital signs monitor, which allows hospitals to continuously monitor critical signs and enable patients to walk around their wards. Wireless sensors that the patients wear are combined with a smartphone-style monitor in the Portrait device.
MEA Biomedical Sensors Market Leaders
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NXP Semiconductors
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GE HealthCare Technologies, Inc.
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Honeywell International Inc.
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Analog Devices Inc.
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Medtronic
*Disclaimer: Major Players sorted in no particular order
