UAE Cardiac Monitoring & Cardiac Rhythm Management Devices Market to grow with a CAGR of 6.72%
Increasing healthcare infrastructure and
a supportive regulatory environment are the major drivers for the UAE Cardiac
Monitoring & Cardiac Rhythm Management Devices Market.
According to TechSci Research report, “UAE
Cardiac Monitoring & Cardiac Rhythm Management Devices Market Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2018-2028”, UAE
Cardiac Monitoring & Cardiac Rhythm Management Devices Market has valued at
USD 0.37 billion in 2022 and is anticipated to witness an impressive growth in
the forecast period with a CAGR of 6.72% through 2028This 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 increased preference among patients
for home monitoring significantly drives the demand for cardiac monitoring and
cardiac rhythm management devices. Home
monitoring allows patients to conduct cardiac monitoring in the comfort of
their homes, avoiding the need for frequent visits to healthcare facilities.
This convenience is particularly beneficial for individuals with chronic
conditions or those requiring continuous monitoring. Home monitoring devices
provide real-time data on cardiac activity, allowing patients to track their
heart health continuously. This immediate feedback can empower individuals to
make informed decisions about their lifestyle and seek timely medical attention
if abnormalities are detected. Home monitoring encourages active participation
in healthcare, fostering a sense of responsibility for one's well-being.
Patients who are actively engaged in monitoring their cardiac health are more
likely to adhere to treatment plans and lifestyle recommendations.
Home monitoring devices contribute to
the reduction of the overall healthcare burden by minimizing the need for
frequent hospital visits and in-person consultations. This is particularly
valuable for patients with chronic conditions who require ongoing monitoring. The
integration of home monitoring with telemedicine platforms facilitates remote
consultations with healthcare providers. Patients can share their monitored
data during virtual visits, enabling healthcare professionals to assess their
cardiac health without the need for face-to-face appointments.
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In June 2021, Cardiac
Insight, Inc., a healthcare innovator based in the United States, specializes
in wearable cardiac sensors and proprietary software designed to automatically
analyze electrocardiogram (ECG) data for enhanced early detection and diagnosis
of cardiac arrhythmias like atrial fibrillation (AFib). The company is
introducing its Cardea SOLO ECG System at Arab Health 2021, the Middle East's
largest healthcare exhibition. The Cardea SOLO integrates a patient-friendly,
single-use wearable ECG sensor with 100% in-clinic automated software managed
by clinicians, making it a unique solution. With proven arrhythmia analysis
technology, the Cardea SOLO provides comprehensive report generation and
clinical editing tools for full disclosure data, streamlining processes and
reducing processing time for clinicians. The platform aims to enhance patient
care and compliance while ensuring secure in-house storage of patient data,
thereby improving overall cybersecurity for hospitals and healthcare professionals,
including cardiologists and electrophysiologists.
The
integration of digital health solutions poses a challenge in the UAE Cardiac
Monitoring and Cardiac Rhythm Management Devices Market. The
healthcare ecosystem in the UAE consists of various healthcare providers,
including public and private hospitals, clinics, and specialized cardiac care
centers. Achieving seamless integration across this diverse landscape can be
complex due to differences in systems, infrastructure, and protocols. The
absence of standardized protocols for data exchange and interoperability among
healthcare systems and digital health solutions complicates integration
efforts. Varying standards and data formats may hinder the smooth flow of
information between different platforms. Some healthcare facilities in the UAE
may still rely on legacy information systems that lack the interoperability
features needed for seamless integration with modern digital health solutions.
Updating or replacing these legacy systems can be a resource-intensive process.
Integrating digital health solutions, including cardiac monitoring devices,
requires the secure exchange of sensitive patient data. Ensuring the privacy
and security of this data while facilitating interoperability poses a
challenge, especially in the context of strict data protection regulations.
UAE Cardiac Monitoring
& Cardiac Rhythm Management Devices Market is segmented based on Type, End
User, and by region.
Based on the Type, UAE Cardiac
Monitoring & Cardiac Rhythm Management Devices Market is segmented into Cardiac
Monitoring Devices, Cardiac Rhythm Management Device. Cardiac monitoring
devices are medical tools designed to observe and record the electrical
activity of the heart, providing valuable information for diagnosing and
managing cardiovascular conditions. These devices play a crucial role in
monitoring the heart's rhythm, detecting abnormalities, and assessing overall
cardiac health. ECG
machines are standard diagnostic tools used to record the electrical activity
of the heart. They consist of electrodes placed on the skin that detect the
electrical signals generated by the heart's contractions. ECG machines are
employed to diagnose a variety of cardiac conditions, including arrhythmias,
heart attacks, and abnormalities in the heart's structure. Cardiac monitoring
devices are essential for identifying and managing a wide range of cardiac
conditions. They enable healthcare professionals to make informed decisions
about treatment plans, medication adjustments, and lifestyle modifications
based on the continuous assessment of a patient's heart rhythm and overall
cardiac function.
Based on Region, Abu Dhabi region held the largest share
in the UAE Cardiac Monitoring & Cardiac Rhythm Management Devices Market. The
economic strength of the Abu Dhabi emirate can play a role in the adoption of
expensive medical technologies. The ability to invest in advanced healthcare solutions
and technology is often linked to the economic prosperity of a region. Abu
Dhabi has collaborations with leading companies and manufacturers in the
cardiac monitoring industry, it may have access to the latest technologies and
solutions. Such collaborations can contribute to the dominance of the region in
adopting and implementing advanced cardiac monitoring devices. The presence of
skilled healthcare professionals, including cardiologists and
electrophysiologists, who are well-versed in the use of cardiac monitoring
devices, can drive the adoption of these technologies. Abu Dhabi's healthcare
workforce expertise may contribute to its dominance in the market.
Some of the major companies operating in
the UAE Cardiac
Monitoring & Cardiac Rhythm Management Devices Market include:
- Abbott Laboratories, S.A.
- Medtronic Meta FZ-LLC
- Boston Scientific Corporation
- GE Healthcare UAE
- Philips Healthcare UAE
- Hill-Rom Middle East
- Nihon Kohden Middle East FZE
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“Certain areas,
particularly in Dubai, are projected to exert significant demand for Cardiac
Monitoring & Cardiac Rhythm Management Devices. 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 Cardiac Monitoring
& Cardiac Rhythm Management Devices Market in the forecast period,"
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based Global management consulting firm.
UAE Cardiac Monitoring
& Cardiac Rhythm Management Devices Market by Type (Surgical, Non-Surgical,
Patient), By Type (Cardiac Monitoring Devices, Cardiac Rhythm Management
Device), By End User (Hospitals & Clinics, Cardiac Care Centers, Ambulatory
Surgery Centers, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of UAE
Cardiac Monitoring & Cardiac Rhythm Management 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 Cardiac Monitoring & Cardiac Rhythm
Management Devices Market.
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