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Overview Of Medical Device Market Prospects
- Jul 13, 2018 -

The Middle East, one of the most developed economies in the world, offers unique opportunities and challenges for multinational companies operating in the medical device industry. Although the

The gap between some eastern economies remains wide, but most countries have shown sustained growth in multiple medical technologies, such as interventional cardiologyLong situation

01 background

The Middle East, one of the most developed economies in the world, offers unprecedented opportunities and challenges for multinational companies operating in the medical device industry. Although the Middle East

The gap between some economies remains wide, but most countries have shown sustained growth in many areas of medical technology, such as access to cardiology

Situation. This increase is mainly due to a large increase in population, increased health care costs, high hydrocarbon wealth and per capita income

Lifestyle related diseases (sugar) are caused by factors such as growth, expanded insurance coverage, improved health care indicators and a large middle class population

The burden of diabetes, obesity and cardiovascular disease is increasing.

02 supervision system

Turkey, Saudi Arabia and the united Arab emirates are the three major medical equipment markets in the Middle East, creating new opportunities for medical devices, pharmaceutical companies and others. Most middle eastern countries have their own versions of medical device regulations

The monitoring and approval system at the exhibition stage is mainly responsible for supervision. And there are clear differences in the legal, administrative and economic performance of countries in the Middle East

Place. Industry insiders point to the volatility and opacity of the region's political environment as other major obstacles for multinationals to enter the market.

Despite the challenges facing the Middle East medical device market, significant progress has been made in recent years in regulating regulations consistent with global norms.

BBS (IMDRF), the international medical devices regulator established under the strong framework of the global coordination working group (GHTF), is working to coordinate equipment

To regulate and simplify regulatory relationship equipment companies between middle eastern countries and stakeholders of international medical institutions. This will be made for these countries and foreign equipment

Cooperation between manufacturers has had a positive impact.