UAE Medical Devices Market to grow at a CAGR of 6.11% 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 - By Region, Competition,
Opportunity and Forecast, 2029F”,
UAE Medical Devices Market was valued at USD 1.89 billion in 2023 and is
anticipated to witness an impressive growth in the forecast period with a CAGR
of 6.11% 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.
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.
Browse over XX market data Figures and spread through XX Pages and an in-depth TOC on " UAE Medical Devices Market”
UAE Medical Devices Market
is segmented based on type, end user, region and company.
Based on type, diagnostic imaging equipment segment shows the fastest growth over the forecast period. The increasing prevalence of chronic diseases and the emphasis on early disease detection contribute to a rising demand for diagnostic imaging equipment. This equipment is crucial for various diagnostic procedures, including X-rays, CT scans, MRI scans, ultrasound, and nuclear medicine. Continuous advancements in diagnostic imaging technology, such as improved image resolution, faster scanning times, and enhanced diagnostic capabilities, drive the adoption of new equipment. Healthcare providers may invest in the latest imaging technologies to improve diagnostic accuracy and patient outcomes. There is a growing trend towards preventive healthcare, with individuals seeking regular health check-ups and screenings. Diagnostic imaging plays a key role in preventive medicine, aiding in the early detection of potential health issues. Patients and healthcare providers prefer non-invasive diagnostic procedures when possible. Diagnostic imaging equipment enables non-invasive visualization of internal structures, reducing the need for more invasive diagnostic methods. The UAE has been investing in expanding its healthcare infrastructure, including hospitals and diagnostic centres, it would likely contribute to the increased adoption of diagnostic imaging equipment.
Based on Region, the Dubai region is showing a significant market share in the UAE's cardiovascular devices sector, driven by several factors. As the UAE's economic and healthcare hub, Dubai benefits from advanced infrastructure, a high standard of healthcare facilities, and a rapidly growing population with an increasing prevalence of cardiovascular diseases (CVDs). The region's well-established healthcare system, which includes both public and private hospitals, supports the demand for advanced cardiovascular devices, such as pacemakers, stents, and diagnostic tools for heart disease detection and management. Dubai’s position as a medical tourism center also plays a crucial role, attracting patients from the Middle East and surrounding regions who seek high-quality cardiovascular care and advanced medical devices. The city’s world-class hospitals and medical centers are equipped with the latest cardiovascular technologies, which are essential in the treatment and diagnosis of CVDs. Additionally, government initiatives and investments in the healthcare sector, along with a strong focus on adopting cutting-edge medical technology, further drive the demand for cardiovascular devices.
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, 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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