The UAE Medical Devices Market is expecting around 8.4% CAGR during 2021-26, cites MarkNtel Advisors in their recent research report. The increasing investments by the UAE government in building a robust healthcare sector in line with its strategic plan for economic diversification & infrastructural developments are driving the medical devices market.
As a result, there would be various construction projects for hospitals & medical institutes, which would play a crucial role in augmenting the demand for medical devices throughout the UAE during the forecast period. Besides, growing instances of criminal activities, fluctuating health issues, and an increasing elderly population, among others, are also surging the demand for different medical devices and driving the market.
Moreover, the UAE's aim to suffice the healthcare requirements of the burgeoning population & become a medical hub across the Middle east to attract medical tourism shall also boost the demand for medical devices in the country and, in turn, fuel the overall market growth in the coming years, further states the research report, “UAE Medical Devices Market Analysis, 2021.”
Increasing Prevalence of Cardiovascular Diseases Spurs the Market Growth
The growing number of patients suffering from cardiovascular issues and the mounting need to protect these diseases from becoming prominent causes of mortality & morbidity are the prime aspects driving the medical devices market in the UAE for cardiovascular application. Smoking is the most prominent factor attributed to the rising prevalence of cardiovascular diseases in the country.
To curb this, the UAE government is taking various initiatives for spreading awareness about the adverse effects of smoking in causing cardiovascular disease while strengthening the healthcare sector to offer diagnoses & treatments to patients. As a result, the demand for cardiovascular medical devices is projected to witness an exponential demand across the UAE over the forecast years, reveals MarkNtel Advisors in their research report, "UAE Medical Devices Market Analysis, 2021."
The leading players in the UAE Medical Devices Market are Medtronic PLC, Johnson & Johnson Middle East FZ-LLC, Abbott Laboratories, Becton, Dickinson & Company (BD), B. Braun Medical Gulf FZ-LLC, Siemens Healthineers AG, Stryker ESCS BV, Boston Scientific Corp., and Fujifilm Middle Eat FZE.
Key Questions Answered in the Research Report