Market Research Report

UAE Medical Devices Market Research Report: Forecast (2024-2030)

By Type (Diagnostic Devices [Surgical ENT Devices, Endoscopes, Diagnostic Molecular Devices, Imaging Devices], Monitoring Devices [Cardiac Monitoring Devices, Respiratory Monitorin...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
  • HC10229

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: Forecast (2024-2030)

These developments in the country's healthcare system for medical device usage contribute to the UAE Medical Device Market growth and would accelerate the demand in the forecast years.

The UAE Medical Device Market Driver

Rising Chronic Disease to Drive Demand for Medical Devices in the UAE – The escalating prevalence of chronic diseases, particularly diabetes & cardiovascular conditions, in the UAE is a significant driver shaping the country's Medical Device Market. With lifestyle factors & changing demographics contributing to the surge in these health issues, there is an amplified demand for advanced medical devices & diagnostic tools that facilitate the effective management and treatment of these conditions. For instance, according to the World Health Organization (WHO), Non-Communicable Diseases account for around 77% of all deaths in the UAE, with which Cardio Vascular Diseases account for approximately 40% of the causes.

Due to this, patients & healthcare professionals increasingly rely on medical devices like glucose monitors, cardiac monitors, and imaging equipment to monitor, diagnose, and manage chronic diseases. This heightened demand stimulates the growth of the medical device market in the UAE. As the burden of chronic diseases continues to grow, the market for medical devices remains a critical component in delivering quality healthcare services & enhancing patient outcomes in the UAE.

The UAE Medical Device Market Opportunity

Expansion of Healthcare Infrastructure to Propel Medical Devices Manufacturing Opportunities – New healthcare infrastructure projects in the UAE are creating prospects for medical device manufacturers in the country. Projects like Al Ain Hospital, consisting of 713 beds with a rehabilitation center, would increase the demand for medical devices to treat patients.

The Department of Economic Development is actively promoting investment opportunities within the medical industrial sector, streamlining administrative procedures, prioritizing local medical products, and fostering collaborative investment ventures with both domestic & foreign medical device manufacturers. Such measures create a conducive environment for manufacturers to expand their operations within the UAE and contribute to the overall growth of the UAE Medical Device Market in the forecast years.

The UAE Medical Device Market Challenge

Import-reliant Medical Devices to Limit the Market Growth – The UAE's heavy reliance on the import of medical devices is a significant factor that negatively impacts the Medical Device Market. This dependence, which provides access to a wide array of advanced and specialized medical devices, poses challenges that can affect the market's stability.

Furthermore, the fluctuation of exchange rates also impacts the cost of imported devices, eventually affecting pricing & affordability. Hence, these uncertainties in the supply chain & cost dynamics pose risks for healthcare providers & medical device manufacturers, thus hampering the market growth across the country.

The UAE Medical Device Market Trend:

Mounting Demand for Home Healthcare Devices in the UAE – With an increasing emphasis on addressing the needs of aging populations and effectively managing chronic diseases, the market for home care medical devices has been gaining significant momentum. These home healthcare devices encompass a wide range of solutions, including vital signs monitors, medication dispensers, and remote patient management tools.

The demand for home healthcare devices is continuously growing in the UAE, driven by the dual objectives of improving patient outcomes & enhancing the cost-effectiveness of healthcare delivery. As the market expands, manufacturers are likely to invest in innovative & user-friendly solutions tailored to the unique healthcare needs & preferences of the national residents, therefore becoming a profitable trend in the UAE Medical Device Market.

The UAE Medical Device Market (2024-30): Segmentation Analysis

The UAE Medical Device Market study by MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment & includes predictions for the period 2024–2030 at the national level. In accordance to the analysis, the market has been further classified as:

Based on End User:

  • Hospitals
  • Specialty Centers & Clinics
  • Diagnostic Centers
  • Homecare

By capturing the potential share in the UAE Medical Devices Market, the Hospital segment is projected to grow at the fastest rate during 2023. The significant surge in health problems, such as diabetes, cardiovascular diseases, etc., is contributing to bolstering government inclination toward the expansion of medical device sectors. Moreover, the growth in the elderly population is also proliferating the demand for diagnosis & treatment, thus creating a lucrative opportunity for the UAE Medical Devices Market UAE in the near future.

Based on Type:

  • Diagnostic Devices
  • Monitoring Devices
  • Drug Delivery Devices
  • Bio Implants and Stimulation Devices
  • Surgical Devices
  • Treatment Equipment

Diagnostic devices hold the major position in the UAE Medical Device Market during historical years, and this trend is predicted to be followed in the forecast year as well. The widespread adoption of essential diagnostic tools, such as MRI scanners, X-ray scanners, CT scanners, ultrasound scanners, and nuclear imaging systems by healthcare facilities throughout the country, is aiding in enhancing the demand for these devices.

These devices play a pivotal role in visualizing internal anatomy, facilitating accurate diagnoses, and guiding treatment decisions. The UAE's sizeable geriatric population & the high prevalence of chronic diseases, among them, are pivotal factors driving the need for these diagnostic devices. Furthermore, metropolitan centers like Dubai, Abu Dhabi, and others are actively expanding their healthcare infrastructure, fueling an increased requirement for diagnostic imaging devices.

The UAE Medical Device Industry Recent Development:

  • 2022: Boston Scientific inaugurated its new offices in the United Arab Emirates to address the significant increase in demand for medical devices in the region.

Gain a Competitive Edge with Our UAE Medical Device Market Report

  1. The UAE Medical Device Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. The UAE Medical Device Industry Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The UAE Medical Device Market is expected to grow at a compound annual growth rate (CAGR) of about 8.87% from 2024 to 2030.

   A. The UAE Medical Device market size is valued at around USD 1.92 billion in 2023.

   A. The upsurge in the medical tourism is expected to drive the UAE Medical Device Market during 2024-30.

   A. The top companies in the UAE Medical Device 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, GE Healthcare, Stryker ESCS BV, Boston Scientific Corp., Fujifilm Middle Eat FZE, and others.

   A. Hospital held the largest share of the UAE Medical Device Market.

   A. The booming demand for home healthcare devices is the key trend shaping the growth of the UAE Medical Device Market.

   A. The rising development of healthcare infrastructure is creating growth opportunities for the UAE Medical Device Market.

UAE Medical Devices Market Research Report (2024-2030) - Table of Contents

 

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on UAE Medical Devices Market
  5. UAE Medical Devices Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Type
        1. Diagnostic Devices
          1. Surgical ENT Devices
          2. Endoscopes
          3. Diagnostic Molecular Devices
          4. Imaging Devices
        2. Monitoring Devices
          1. Cardiac Monitoring Devices
          2. Respiratory Monitoring Device
          3. Temperature Monitoring Devices
          4. Weight Monitoring Devices
          5. Hemodynamic Monitoring Devices
          6. Fetal and Neonatal Monitoring Devices
          7. Neuromonitoring Devices
          8. Others
        3. Drug Delivery Devices
        4. Bio Implants and Stimulation Devices
        5. Surgical Devices
        6. Treatment Equipment
          1. Infusion Pumps
          2. Medical Lasers and LASIK Surgical Machines
        7. Others
      2. By Therapeutic Application
        1. Gastrointestinal Surgery
        2. Diagnostic Imaging
        3. Respiratory
        4. General Surgery
        5. Orthopedics
        6. Dental
        7. Cardiovascular
        8. Nephrology And Urology
        9. Neurology
        10. Ophthalmology
        11. Ear-Nose-Throat (ENT)
        12. Others
      3. By End User
        1. Hospitals
        2. Specialty Centers & Clinics
        3. Diagnostic Centers
        4. Homecare
      4. By Region
        1. Dubai
        2. Abu Dhabi and Al Ain
        3. Sharjah &Northern Emirates
      5. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Metrix
  6. UAE Medical Devices Market Government Regulations and Policies
  7. UAE Medical Devices Market Supply Chain Analysis
  8. UAE Medical Devices Market Trends & Insights
  9. UAE Medical Devices Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  10. UAE Medical Devices Market Hotspot & Opportunities
  11. UAE Medical Devices Market Key Strategic Imperatives for Success & Growth
  12. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Medtronic Plc
      2. Johnson & Johnson Middle East FZ-LLC
      3. Abbott Laboratories
      4. Becton, Dickinson & Company (BD)
      5. B. Braun Medical Gulf FZ-LLC
      6. Siemens Healthineers AG
      7. GE Healthcare
      8. Stryker ESCS BV
      9. Boston Scientific Corp.
      10. Fujifilm Middle Eat FZE
  13. Disclaimer


UAE Medical Devices Market Segmentation