UAE Diagnostic Electrocardiograph Market to grow with a CAGR of 6.46%
Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the UAE Diagnostic Electrocardiograph Market.
According to TechSci Research report, “UAE
Diagnostic Electrocardiograph Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, UAE Diagnostic Electrocardiograph Market
has valued at USD 85.39 million in 2022 and is anticipated to witness an
impressive growth in the forecast period with a CAGR of 6.46% through 2028.
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 in the
market.
The aging population is a significant
driver of the demand for Diagnostic Electrocardiograph (ECG) services. As individuals age, there is a natural
increase in the prevalence of cardiovascular diseases. Aging is a key risk
factor for conditions such as coronary artery disease, arrhythmias, and heart
failure. The higher incidence of these conditions among the elderly population
drives the demand for diagnostic tests like ECGs for early detection and
monitoring. With advancing age, individuals are more likely to experience
multiple chronic conditions, including those affecting the cardiovascular
system. Diagnostic ECGs play a crucial role in assessing and managing these
conditions, contributing to the increased demand for cardiovascular diagnostic
services. Healthcare professionals often recommend preventive screenings for
seniors as part of routine healthcare. ECGs are routinely used to assess
cardiac function and identify potential abnormalities in older individuals,
contributing to the overall health management of the aging population.
The risk of arrhythmias, irregular
heartbeats, increases with age. Diagnostic ECGs are essential for detecting and
characterizing arrhythmias, guiding treatment decisions, and preventing
potential complications in the aging population. Seniors who have undergone cardiovascular interventions or
are managing chronic heart conditions may require ongoing monitoring. ECGs are
valuable for assessing the effectiveness of treatments and ensuring the ongoing
health of the aging population.
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In January 2022, The
Ministry of Health and Prevention (MoHAP) in the UAE has introduced a
groundbreaking app designed for instant heart issue diagnosis in patients. This
application can achieve a 95% accuracy in reading and analysing
electrocardiogram (ECG) results, potentially serving as a life-saving tool in
emergency scenarios like heart attacks or traffic accidents. Its rapid analysis
capability, powered by artificial intelligence, enables paramedics to interpret
ECG results within 10-30 seconds, with instantaneous data transfer to hospitals.
The app's efficiency is further highlighted by its ability to diagnose various
heart conditions, including conduction disorders, myocardial infarction,
ventricular and atrial hypertrophy, pericarditis, and angina pectoris, all
within a timeframe of less than 10 seconds. This innovative technology aims to
enhance and expedite diagnoses, particularly in critical cases.
Data
security and privacy concerns are significant challenges in the UAE Diagnostic
Electrocardiograph (ECG) market. ECG tests involve the collection and storage
of sensitive patient health data, including information about the heart's
electrical activity. This information is considered personally identifiable
health information (PHI) and is subject to strict privacy regulations. Healthcare
providers and technology vendors in the UAE must comply with local and
international regulations governing the protection of patient health data.
Adhering to standards such as the Health Data Law and other applicable
regulations is critical to avoiding legal issues. There is any involvement with
healthcare providers or vendors from the United States, compliance with the
Health Insurance Portability and Accountability Act (HIPAA) becomes crucial.
HIPAA sets standards for the protection of sensitive patient information. The
risk of data breaches is a constant concern in healthcare, including the
diagnostic ECG sector. Unauthorized access to patient records, whether through
cyberattacks or other means, poses a threat to patient privacy and can lead to
legal and reputational consequences for healthcare entities.
UAE Diagnostic
Electrocardiograph Market is segmented based on Product Type, Channel, End User,
and by region.
Based on the Product
Type, UAE Diagnostic Electrocardiograph Market is segmented into Resting ECG
Devices, Stress ECG Devices, Holter Monitors, and Others. Holter monitors are a
type of diagnostic tool used in the field of Electrocardiography (ECG) to
continuously monitor and record a person's heart activity, typically over a 24
to 48-hour period. Unlike a standard ECG, which provides a snapshot of the heart's
electrical activity at a specific point in time, a Holter monitor offers a more
extended and comprehensive assessment by recording the heart's rhythms
throughout the day and night during normal activities. Holter monitors
continuously record the electrical activity of the heart (ECG or EKG) over an
extended period. This continuous recording captures data during various
activities, including sleep, exercise, and daily routines. Holter monitors are
typically compact, portable devices that patients can wear comfortably. They
are designed to be lightweight and unobtrusive to allow individuals to carry on
with their regular activities while being monitored. Like a standard ECG,
Holter monitors use electrodes attached to the patient's chest. The electrodes
are connected to the monitor by lead wires. The placement of electrodes follows
a specific configuration to capture a comprehensive view of the heart's
electrical signals.
Based on Region, Abu Dhabi region held the largest share
in the UAE Diagnostic Electrocardiograph Market. Abu
Dhabi hosts research and development centers focused on healthcare and medical
technology, it may contribute to innovation and the early adoption of advanced diagnostic
technologies, including ECG devices. The presence of educational institutions
and training facilities for healthcare professionals in Abu Dhabi can
contribute to a skilled workforce that is more adept at using and integrating
diagnostic ECG technologies. Abu Dhabi is known for providing advanced and
accessible healthcare services, it may attract patients from surrounding
regions. This, in turn, could lead to a higher demand for diagnostic ECG
services in the region. Collaborations between healthcare institutions in Abu
Dhabi and leading medical device manufacturers or suppliers could result in the
early adoption of innovative diagnostic technologies, including advanced ECG
devices.
Some of the major companies operating in
the UAE Diagnostic
Electrocardiograph Market include:
- Philips
Healthcare UAE
- Hill-Rom
Middle East
- Medigate
Medical Equipment Trading L.L.C
- Medical
Rescue Developers
- Nihon
Kohden Middle East FZE
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“Certain areas,
particularly in Dubai, are projected to exert significant demand for Diagnostic
Electrocardiograph. The growth in the competitive landscape and the presence of
well-established companies in the market, committed to enhance the overall
wellbeing of people each year, are expected to contribute to a remarkable
growth of the UAE Diagnostic Electrocardiograph Market in the forecast period,"
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based Global management consulting firm.
UAE Diagnostic
Electrocardiograph Market by Product Type (Resting ECG Devices, Stress ECG
Devices, Holter Monitors, Others), By Channel (12-Channel, 5-Channel, 3-Channel,
6-Channel, Single-Channel), By End User (Hospitals & Clinics, Ambulatory
Surgical Centers, Cardiac Care Centers, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of UAE
Diagnostic Electrocardiograph 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
Diagnostic Electrocardiograph Market.
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Techsci
Research LLC
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