May 24, 2021
According to the research report titled ‘UAE Medical Devices Market Analysis, 2021’, available with Market Study Report, UAE medical devices market is projected to expand at a y-o-y rate of 8.4% between 2021-2026.
Growing prevalence of lifestyle diseases like diabetes and obesity, increasing number of clinics, along with surging government spending on healthcare infrastructure are key factors spurring UAE medical devices market growth.
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For the unversed, a medical device refers to any apparatus, instrument, appliance, machine, calibrator, or in vitro reagent, which can be used in combination or individually for treatment, diagnosis, monitoring and prevention of disease.
Rising demand for innovative products, government focus on campaigning to increase medical tourism, presence of leading vendors in the region, and surging imports of medical devices will also facilitate industry proliferation over the analysis timeframe.
Considering aftermath of the Covid-19 pandemic, demand for PPE kits, ventilators, needles, and syringes rose significantly owing to growing number of cases. Meanwhile, sales of other procedural equipment reduced drastically. Experts claim that the pandemic will positively sway the business dynamics in the coming years.
Based on type, UAE medical devices market is bifurcated into diagnostic devices, monitoring devices, drug delivery devices, surgical devices, treatment equipment, bio implants & simulation devices, and others. Speaking of therapeutic application, the industry is divided into gastrointestinal surgery, respiratory, diagnostic imaging, general surgery, dental, orthopedics, cardiovascular, ophthalmology, nephrology & urology, neurology, and ear-nose-throat.
Moving on to end user gamut, UAE medical devices market sphere is fragmented into specialty centers & clinics, hospitals, homecare, and diagnostic centers. Among these, hospital segment gained substantial traction in 2020, owing to growing incidences of diabetes and cardiovascular diseases, rising demand for diagnosis & treatment of ailments due to increasing geriatric population, and government efforts to enhance medical sector.
From regional frame of reference, UAE medical devices market report analyses this business domain with respect to regions such as Dubai, Sharjah & Northern Emirates, and Abu Dhabi and Al Ain. Details about industry share held and growth projections for each region over the analysis timeframe are given in the report.
Leading players shaping UAE medical devices market trends are Medtronic plc, Stryker ESCS BV, Becton Dickinson & Company, B. Braun Medical Gulf FZ-LLC, Boston Scientific Corporation, Johnson & Johnson Middle East FZ LLC, Siemens Healthineers AG, Fujifilm Middle East FZE, GE Healthcare, and Abbott Laboratories.