UAE Homecare Medical Equipment Market to grow with a CAGR of 8.84%
Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the UAE Homecare Medical Equipment Market.
According to TechSci Research report, “UAE
Homecare Medical Equipment Market Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, UAE Homecare Medical Equipment Market
has valued at USD 1.76 billion in 2022 and is anticipated to witness an
impressive growth in the forecast period with a CAGR of 8.84% 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 Homecare Medical Equipment. With aging, individuals are more
susceptible to chronic health conditions such as diabetes, cardiovascular
diseases, and respiratory disorders. Homecare medical equipment becomes
essential for the management and monitoring of these conditions in the comfort
of one's home. Homecare medical equipment allows the aging population to
maintain a level of independence and autonomy. Devices such as mobility aids,
home safety equipment, and assistive technologies enable seniors to perform
daily activities without excessive reliance on external assistance. Older
individuals often prefer the familiar and comfortable environment of their
homes. Home-based care using medical equipment allows them to receive necessary
healthcare services without the need for frequent hospital visits.
Many seniors express a strong desire to
age in place, meaning they prefer to live in their own homes rather than moving
to assisted living facilities or nursing homes. Homecare medical equipment
supports this preference by providing tools and devices that facilitate
independent living. The aging population puts increased pressure on healthcare
facilities. Homecare medical equipment helps in alleviating this burden by
enabling seniors to manage certain aspects of their health at home, reducing
the need for hospital admissions and freeing up healthcare resources.
Browse over XX market data Figures and spread through XX Pages and an in-depth TOC on " UAE Homecare Medical Equipment Market.”
In October 2022, the
Ministry of Industry and Advanced Technology (MoIAT) announced the signing of
two memoranda of understanding (MoU) totalling Dh260 million ($70.8 million)
with leading pharmaceutical and medical devices companies in the UAE. In these
partnerships, PureHealth, a prominent healthcare provider in the UAE and a
participant in the ministry's National ICV Program, will collaborate with Abu
Dhabi Medical Devices Company (ADMD), a subsidiary of Abu Dhabi National
Industrial Projects. Additionally, Abu Dhabi Ports Group and Abu Dhabi Polymers
Company (Borouge) are involved in establishing a Dh110 million medical supplies
production line in Abu Dhabi. As per the MoU, Borouge will supply raw
materials, and Abu Dhabi Ports Group will provide industrial land in ICAD 1 to
produce medical syringes, administration devices, and blood collection tubes.
Data
security and privacy concerns are significant challenges in the UAE Homecare
Medical Equipment Market. Homecare medical equipment often involves the
collection and transmission of sensitive patient data. Ensuring the
confidentiality of patient information is crucial to maintaining trust in
home-based healthcare services. Unauthorized access or data breaches can
compromise patient confidentiality. Healthcare data is subject to strict
regulations to protect patient privacy. In the UAE, compliance with regulations
such as the Health Data Protection Regulation (HDPR) is essential. Ensuring
that homecare medical equipment adheres to these regulations can be challenging
but is necessary to avoid legal repercussions. The interconnected nature of
many homecare medical devices makes them susceptible to cybersecurity threats.
Hackers may attempt to gain unauthorized access to devices, networks, or stored
data, posing risks to patient safety and privacy. As patient data is
transmitted between homecare devices, healthcare providers, and other
stakeholders, ensuring secure and encrypted transmission is critical.
Weaknesses in encryption protocols or inadequate security measures can expose
data to interception or unauthorized access.
UAE Homecare Medical
Equipment Market is segmented based on Type, Distribution Channel, and by
region.
Based on the Type, UAE Homecare
Medical Equipment Market is segmented into Therapeutic Equipment, Patient
Monitoring Equipment, Mobility Aids & Patient Support Equipment. Mobility
aids and patient support equipment are essential categories of healthcare
devices designed to assist individuals with mobility challenges, either due to
age, injury, disability, or other health conditions. These devices aim to
enhance the user's independence, safety, and overall quality of life by
providing support and assistance in various activities. Walkers are frames with
four legs and handles, providing stability and support for individuals who need
assistance with balance and walking. Used by people with limited mobility or
those recovering from injuries to support their weight while walking. Wheelchairs are seats
with wheels, either manually operated or electrically powered, used for seated
mobility. Designed for individuals with severe mobility impairments or those
unable to walk for extended periods.
Based on Region, Abu Dhabi region held the largest share
in the UAE Homecare Medical Equipment Market. Regions
with a focus on research, innovation, and technology may see greater adoption
of advanced homecare medical equipment. Abu Dhabi invested in research and
development in the healthcare sector, it could contribute to the dominance of
the region in the market. Collaborations between healthcare providers, medical
equipment manufacturers, and government entities can enhance the availability
and accessibility of homecare medical equipment. If there are strong
partnerships in Abu Dhabi that support the homecare sector, it could lead to
the region's dominance. The level of awareness among healthcare professionals
and the public about the benefits of homecare services and medical equipment
can impact market dynamics. If there are effective awareness campaigns and
educational programs in Abu Dhabi, it may contribute to the region's dominance.
Some of the major companies operating in
the UAE Homecare
Medical Equipment Market include:
- Medtronic
Meta FZ-LLC
- Johnson
& Johnson UAE
- Abbott
Laboratories S.A.
- Roche UAE
- GE
Healthcare UAE
- Philips
Healthcare UAE
- Invacare
UAE
- Sunrise
Medical UAE
- Drive
Devilbiss UAE
- Dexcom UAE
Download free Sample Report
Customers
can also request 10% free customization on this report.
“Certain areas,
particularly in Dubai, are projected to exert significant demand for Homecare
Medical Equipment. 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 Homecare Medical Equipment Market in the forecast period,"
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based Global management consulting firm.
UAE Homecare Medical
Equipment Market by Type (Therapeutic
Equipment {Home Respiratory Therapy Equipment, Home IV Equipment, Home Dialysis
Equipment, Others}, Patient Monitoring Equipment {Blood Glucose Monitors, Blood
Pressure Monitors, Holter Monitors, Peak Flow Meters, Apnea Monitors, Heart
Rate Monitors, Baby Monitors, Electronic Thermometers, Others}, Mobility Aids
& Patient Support Equipment {Wheelchairs, Walking Assist Devices, Bathroom
Safety Equipment, Others), Others), By Distribution Channel (Hospital
Pharmacies, Retail Pharmacies, Online Pharmacies, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of UAE
Homecare Medical Equipment 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 Homecare Medical Equipment Market.
Contact
Mr. Ken
Mathews
Techsci
Research LLC
420
Lexington Avenue, Suite 300,
New York,
United States- 10170
M:
+13322586602
Email: [email protected]
Website: https://www.techsciresearch.com