By Type (Diagnostic Devices [Surgical ENT Devices, Endoscopes, Diagnostic Molecular Devices, Imaging Devices], Monitoring Devices [Cardiac Monitoring Devices, Respiratory Monitoring Device, Temperatur... ... g Device, Temperature Monitoring Devices, Weight Monitoring Devices, Hemodynamic Monitoring Devices, Fetal and Neonatal Monitoring Devices, Neuromonitoring Devices, Others], Drug Delivery Devices, Bio Implants and Stimulation Devices, Surgical Devices, Treatment Equipment [Infusion Pumps, Medical Lasers and LASIK Surgical Machines, Others]), By Therapeutic Application (Gastrointestinal Surgery, Diagnostic Imaging, Respiratory, General Surgery, Orthopedics, Dental, Cardiovascular, Nephrology And Urology, Neurology, Ophthalmology, Ear-Nose-Throat (ENT), Others), By End-User (Hospitals, Specialty Centers & Clinics, Diagnostic Centers, Homecare), By Region (Dubai, Abu Dhabi & AI Ain, Sharjah & Northern Emirates), By Company (Medtronic Plc, Johnson & Johnson Middle East FZ-LLC, Abbott Laboratories, Becton, Dickinson & Company (BD), B. Braun Medical Gulf FZ-LLC, Siemens Healthineers AG, GE Healthcare, Stryker ESCS BV, Boston Scientific Corp., Fujifilm Middle Eat FZE etc.) Read more
- Healthcare
- Nov 2023
- 104
- PDF, Excel, PPT
Market Definition
A medical device is defined as any instrument, apparatus, machine, appliance, in vitro reagent, or calibrator that can be used alone or in combination for one or more specific reasons like monitoring, treatment, diagnosis, prevention of disease, intending to be utilized by human beings.
Market Insights & Analysis: The UAE Medical Device Market (2024-30):
The UAE Medical Device Market size was valued at around USD 1.92 billion in 2023 and is estimated to grow at a CAGR of about 8.87% during the forecast period, i.e., 2024-30. This is largely attributed to the country's commitment to providing world-class healthcare services, strategic location as a regional healthcare hub, and a healthcare ecosystem marked by cutting-edge technology and skilled healthcare professionals. The surging demand for innovative new devices and the growing prevalence of lifestyle & chronic diseases such as obesity & diabetes is also aiding in elevating the demand for these devices across the medical sector.
Additionally, the subsequent rise in the import of medical devices as the country is an import-driven market, along with snowballing government focus on the campaign to increase medical tourists, is also contributing toward the growth of medical devices.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2019-22 |
| Base Year: 2023 | |
| Forecast Period: 2024-30 | |
| CAGR (2024-2030) | 8.87% |
| Region Covered | Dubai, Abu Dhabi and Al Ain, Sharjah &Northern Emirates |
| Key Companies Profiled | Medtronic Plc, Johnson & Johnson Middle East FZ-LLC, Abbott Laboratories, Becton, Dickinson & Company (BD), B. Braun Medical Gulf FZ-LLC, Siemens Healthineers AG, GE Healthcare, Stryker ESCS BV, Boston Scientific Corp., Fujifilm Middle Eat FZE etc. |
| Market Value (2023) | USD 1.92 Billion |
Furthermore, the increasing incidence of chronic diseases in the nation is significantly influencing the need for medical devices for monitoring, diagnosis, imaging, and more. These devices are crucial for the effective and early treatment of these diseases in healthcare facilities. For instance, the World Health Organization's 2020 report indicates a projected boost in new breast cancer cases in the UAE, with estimates more than doubling from 1,030 cases in 2020 to 2,306 by 2040.
This surge in breast cancer cases is expected to propel the demand for imaging equipment like mammography, ultrasonography, and breast magnetic resonance imaging (MRI), which is essential for breast cancer diagnosis & disease staging and drives the demand for medical devices in the UAE. Moreover, strategic collaborations among healthcare service providers and medical device companies for the launch & development of novel products in the country are also accelerating the demand in the UAE market. For instance
- In 2022, United Imaging partnered with King Hussein Cancer Center (KHCC) to advance oncology and molecular imaging research, academic exchange, and talent training, ultimately enhancing healthcare delivery in the region.
UAE Medical Devices Market Research Report (2024-2030) - Table of Contents
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Preface
- Executive Summary
- Impact of COVID-19 on UAE Medical Devices Market
- UAE Medical Devices Market Outlook, 2019-2030F
- Market Size & Analysis
- Market Revenues
- Market Share & Analysis
- By Type
- Diagnostic Devices
- Surgical ENT Devices
- Endoscopes
- Diagnostic Molecular Devices
- Imaging Devices
- Monitoring Devices
- Cardiac Monitoring Devices
- Respiratory Monitoring Device
- Temperature Monitoring Devices
- Weight Monitoring Devices
- Hemodynamic Monitoring Devices
- Fetal and Neonatal Monitoring Devices
- Neuromonitoring Devices
- Others
- Drug Delivery Devices
- Bio Implants and Stimulation Devices
- Surgical Devices
- Treatment Equipment
- Infusion Pumps
- Medical Lasers and LASIK Surgical Machines
- Others
- Diagnostic Devices
- By Therapeutic Application
- Gastrointestinal Surgery
- Diagnostic Imaging
- Respiratory
- General Surgery
- Orthopedics
- Dental
- Cardiovascular
- Nephrology And Urology
- Neurology
- Ophthalmology
- Ear-Nose-Throat (ENT)
- Others
- By End User
- Hospitals
- Specialty Centers & Clinics
- Diagnostic Centers
- Homecare
- By Region
- Dubai
- Abu Dhabi and Al Ain
- Sharjah &Northern Emirates
- By Competitors
- Competition Characteristics
- Market Share & Analysis
- Competitive Metrix
- By Type
- Market Size & Analysis
- UAE Medical Devices Market Government Regulations and Policies
- UAE Medical Devices Market Supply Chain Analysis
- UAE Medical Devices Market Trends & Insights
- UAE Medical Devices Market Dynamics
- Growth Drivers
- Challenges
- Impact Analysis
- UAE Medical Devices Market Hotspot & Opportunities
- UAE Medical Devices Market Key Strategic Imperatives for Success & Growth
- Competition Outlook
- Competition Matrix
- Target Markets
- Research & Development
- Collaborations & Strategic Alliances
- Key Business Expansion Initiatives
- Business Restructuring- Mergers, Acquisitions, JVs
- Strategic Initiatives
- Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
- Medtronic Plc
- Johnson & Johnson Middle East FZ-LLC
- Abbott Laboratories
- Becton, Dickinson & Company (BD)
- B. Braun Medical Gulf FZ-LLC
- Siemens Healthineers AG
- GE Healthcare
- Stryker ESCS BV
- Boston Scientific Corp.
- Fujifilm Middle Eat FZE
- Competition Matrix
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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