UAE Medical Devices Market to grow at a CAGR of 5.04% through 2029
Increasing healthcare infrastructure and
a supportive regulatory environment are the major drivers for the UAE Medical Devices Market.
According to TechSci Research report, “UAE
Medical Devices Market Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2019-2029”,
UAE Medical Devices Market was valued at USD 2.06 billion in 2023 and is
anticipated to witness an impressive growth in the forecast period with a CAGR
of 5.04% through 2029. This
can be due to collaborations and partnerships among leading companies with a
diverse approach to merge the expertise of individual companies and to
strengthen their position.
The growing aging population is a
significant driver of the demand for medical devices. With aging comes an increased likelihood
of developing chronic and age-related health conditions such as cardiovascular
diseases, arthritis, diabetes, and neurodegenerative disorders. The management
and treatment of these conditions often require the use of various medical
devices. Aging is associated with a higher incidence of musculoskeletal issues,
including joint problems and fractures. The demand for orthopedic devices such
as joint implants, prosthetics, and orthopedic braces increases as the aging
population seeks solutions for mobility and joint-related problems. Cardiovascular
diseases are more prevalent among older individuals. This population often
requires medical devices such as pacemakers, defibrillators, and stents to
manage heart-related conditions.
Conditions such as cataracts and
age-related macular degeneration become more prevalent with age. The demand for
devices such as intraocular lenses, reading glasses, and other vision aids
rises. Type 2 diabetes is more common in older adults. The aging population
contributes to the demand for glucose monitoring devices, insulin pumps, and
other diabetes management tools.
Browse over XX market data Figures and spread through XX Pages and an in-depth TOC on " UAE Medical Devices Market”
Supply
chain disruptions pose significant challenges in the UAE Medical Devices
Market, as they can impact the availability, distribution, and pricing of
medical devices. Many medical device manufacturers rely on a global supply
chain for raw materials, components, and finished products. Disruptions in any
part of this global supply chain, such as transportation delays, trade
restrictions, or geopolitical tensions, can affect the timely procurement of
materials. The UAE's geographic location and dependence on international trade
make it susceptible to logistical challenges. Delays in transportation, customs
clearance, and shipping disruptions can hinder the smooth flow of medical
devices into the country. Events like the COVID-19 pandemic have highlighted
the vulnerability of global supply chains in the healthcare sector. Disruptions
in manufacturing facilities, labor shortages, and increased demand for certain
medical devices during health crises can impact the availability of critical
equipment.
UAE Medical Devices Market
is segmented based on Type, End User, and by region.
Based on the Type, UAE
Medical Devices Market
is segmented into Cardiovascular Devices, Diagnostic Imaging Equipment,
In-vitro Diagnostic Devices, Ophthalmic Devices, Diabetes Care Devices, Dental
Care Devices, Surgical Equipment, Patient Monitoring Devices, Orthopedic
Devices, Nephrology & Urology Devices, ENT Devices, Anesthesia &
Respiratory Devices, Neurology Devices, Mobility-Aid Devices, Others. Nephrology
and urology devices are medical instruments and equipment specifically designed
for the diagnosis, monitoring, and treatment of conditions related to the
kidneys and the urinary system. Both nephrology and urology are medical
specialties that focus on disorders and diseases affecting the kidneys, urinary
tract, and male reproductive organs.
Based on Region, Abu Dhabi region held the largest share
in the UAE Medical
Devices Market. Economic factors, such as the overall
economic strength of a region, can influence the healthcare sector. Abu Dhabi,
being a significant economic hub in the UAE, may have the financial capacity to
support healthcare infrastructure and technological advancements. Regions with
a higher population density or increased healthcare demand are likely to see
more significant activity in the medical devices market. If Abu Dhabi has a
high population and a growing demand for healthcare services, it could
contribute to its dominance in the sector. Abu Dhabi's openness to international
collaboration and partnerships in the healthcare sector may attract global
medical devices companies to establish a presence in the region.
Some of the major companies operating in
the UAE Medical
Devices Market include:
- GE Healthcare (Middle East)
- MINDRAY MEDICAL MIDDLE EAST - FZE
- Siemens UAE
- Philips Healthcare UAE
- Hitachi Medical Systems Middle East S.A.E.
- Shimadzu Middle East & Africa FZE
- Fujifilm Middle East FZE
- Medtronic (UAE)
- Johnson & Johnson Middle East
- Abbott Laboratories S.A.
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“The UAE Medical Devices Market is experiencing
significant growth, shaped by several prevailing trends. The market is driven
by an increasing demand for advanced healthcare solutions, particularly in
areas like diagnostics and patient monitoring. There's a notable shift towards
portable and wearable medical devices, reflecting a growing emphasis on remote
healthcare and continuous monitoring. Thirdly, the rise of digital health
technologies, including telemedicine and health apps, is influencing market
dynamics. Moreover, the UAE's robust healthcare infrastructure and government
initiatives to promote healthcare tourism further propel market expansion. This
trend aligns with the country's vision for a diversified and innovative
healthcare sector.," said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based Global management consulting firm.
UAE Medical Devices Market by
Type (Cardiovascular Devices, Diagnostic Imaging Equipment, In-vitro Diagnostic
Devices, Ophthalmic Devices, Diabetes Care Devices, Dental Care Devices,
Surgical Equipment, Patient Monitoring Devices, Orthopedic Devices, Nephrology
& Urology Devices, ENT Devices, Anesthesia & Respiratory Devices,
Neurology Devices, Mobility-Aid Devices, Others), By End User (Hospitals &
Clinics, Diagnostic Centers, Others), By Region, By Competition Forecast & Opportunities, 2019-2029F has evaluated the future growth potential of UAE
Medical Devices Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide innovative
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in UAE Medical Devices Market.
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