Press Release

GCC Connected Medical Devices and Wearables Market Expected to Expand at a Rapid CAGR of 20.19% Through 2030"

GCC Connected Medical Devices and Wearables market is projected to grow at a CAGR of around 20.19% during the forecast period, 2025-30, cites MarkNtel Advisors in the recent research report. With the increasing disposable income & growing trend for remote patient monitoring, a substantial rise has been witnessed in the market growth of connected medical devices & wearables. In addition, the growing traction towards health consciousness among the individuals, changing lifestyles, trends, as well as the rising inclination toward home care services are some of the key factors contributing to the growth of connected medical devices in the GCC countries.

In addition, the sales of connected medical devices such as insulin pumps for diabetes monitoring, pulse oximeter, ECG monitor, sleep monitor, smartwatches, etc., soared as hospitals & clinics started their remote patient monitoring as well as telehealth services to reduce the risk of infection, during the pandemic. Further, the increasing number of healthcare startups such as SaayaHealth, Meddy, Cura, and HeyDoc, among others would impact the positive growth of medical devices & wearables in the Gulf region. Additionally, rising government support & initiatives toward digitalization in healthcare are fueling the growth of connected medical devices in GCC. For instance, Saudi Arabia Vision 2030 aims to develop the healthcare sector through privatization. Furthermore, the introduction of smart monitors & Artificial assisted medical devices for remote monitoring & telemedicine would create a demand for wearables & connected medical devices.

GCC Connected Medical Devices and Wearables Market Segmentation Analysis

Diagnostic Devices to Hold a Significant Market Share in the Forecast Years

Based on the device type, the market divides into Diagnostic Devices & Therapeutic Devices. Among them, the Diagnostic Devices hold a prominent market share in the GCC Connected Medical Devices and Wearables Market, owing to the rising diabetic population, increasing health consciousness, and the hybrid operating model of hospitals in the GCC countries. Moreover, the growing adoption of remote patient monitoring and personalized healthcare solutions is propelling the growth of diagnostic devices, as continuous data tracking could be done & shared over the cloud easily. Therefore, the demand for connected medical devices is expected to grow over the next few years.  

Fitness Monitoring & Remote Patient Monitoring to Dominate the Market Growth

Based on the application type, the market bifurcates into Fitness Monitoring, Remote Patient Monitoring, Diabetes/Obesity Care, Cardiac Health, and Others. Of them, Fitness Monitoring & Remote Patient Monitoring dominated the GCC Connected Medical Devices and Wearables market during 2020-2023 & would also be dominant in the forecasted years. The rising adoption of fitness monitoring devices by the millennials of the country has been propelling the market growth for the last few years. Moreover, growing government support & initiatives towards the deployment of remote patient monitoring devices to promote the real-time tracking of vitals & other health parameters for the prevention of certain chronic & lifestyle-related diseases such as obesity, diabetes, etc., would escalate the market growth in the coming years.

The UAE to Acquire a Significant Share in the GCC Connected Medical Devices and Wearables Market

Geographically, the UAE is a dominant player in the wearables and connected medical devices market, owing to greater adoption of wearable technology, high-speed internet, rising government initiatives, and a growing inclination toward home fitness centers. Moreover, the rapid integration of artificial intelligence services & smart medical devices in hospitals is fueling the growth of connected medical devices in the country. For instance, in 2020, Aster Hospital in the UAE was equipped with IoT devices & deploy software-defined network management systems. Furthermore, the rising investments in the medical technology sector & strategic collaborations of companies to promote continuous health monitoring and clinical intelligence are some of the major attributes contributing to the growth of connected medical devices across the UAE, reveals MarkNtel Advisors in their research report, "GCC Connected Medical Devices and Wearables Market Analysis, 2025-2030."

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including BASF SE, Sika GCC, MBCC Group, Arkema Middle East DMCC (Bostik), Chryso Group, Mapei S.p.A., Dow Chemical Company, Arkaz Alsharq Building Materials, Don Construction Products Ltd., Fosroc Inc and Others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & solution adoption?
5. How has the competition been shaping up across the country?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?