A medical device is defined as any instrument, apparatus, machine, appliance, in vitro reagent or calibrator, which can be used alone or in combination for human beings for one or more of the specific reasons for monitoring, treatment, diagnosis, prevention of disease.
UAE Medical Devices Market Analysis, 2021 research report depicts a deep dive market analysis of statistics of UAE Medical Devices market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report “UAE Medical Devices Market Analysis, 2021”, the UAE Medical Devices market is anticipated to grow at a CAGR of around 8.4% during 2021-2026F. The growth of the market is accredited to surging demand for innovative new devices, burgeoning prevalence of lifestyle-disease such as obesity and diabetes, a significant surge in the number of clinics and increasing government investment on healthcare infrastructure. Moreover, the strong presence of the giant market player, the subsequent rise in the import of medical devices as the country is import driven market along with snowballing government focus on the campaign to increase medical tourist is strongly contributing toward the growth of the market in coming years.
Market Segmentation
Hospital Segment Registers Fastest Growth
Based on End-user, Hospital segment is projected to grow at a fastest rate in the UAE Medical Devices market in 2020. The significant surge in health problems such as diabetes and heart and cardiovascular diseases, bolstering government inclination toward the expansion of medical device sectors and growth in elderly populace proliferating the demand for diagnosis and treatment are the factors placing a lucrative opportunity for the growth of the Medical Devices market UAE in the near future as revealed by the MarkNtel Advisors’ research report “UAE Medical Devices Market Analysis, 2021”.
Impact of COVID-19
The UAE Medical Devices market are primarily impacted by the COVID-19 pandemic. The demand for disposable medical devices equipment such as needles and syringes, PPE and ventilator has upsurged due to rising cases of covid-19. However, the demand for other procedures witnessed a significant decline in the Q2 phase. The market is getting back on the track which is projected to promulgate the growth of the market in the forthcoming timeline.
Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the UAE Medical Devices market include 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.
Key Questions Answered in the Market Research Report:
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of UAE Medical Devices Market?
2. What is the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the UAE Medical Devices Market?
4. Who are the key competitors or market players and how they perform in UAE Medical Devices Market based on competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of UAE Medical Devices Market study?
Market Outlook, Segmentation and Statistics
1) Impact of COVID-19 on UAE Medical Devices Market
2) Market Size & Analysis
a) By Revenues (USD Million)
3) Market Share & Analysis
a) By Type
i) Diagnostic Devices
(1) Surgical ENT Devices
(2) Endoscopes
(3) Diagnostic Molecular Devices
(4) Imaging Devices
ii) 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
iii) Drug Delivery Devices
iv) Bio Implants and Stimulation Devices
v) Surgical Devices
vi) Treatment Equipment
(1) Infusion Pumps
(2) Medical Lasers and LASIK Surgical Machines
vii) Others
b) By Therapeutic Application
i) Gastrointestinal Surgery
ii) Diagnostic Imaging
iii) Respiratory
iv) General Surgery
v) Orthopedics
vi) Dental
vii) Cardiovascular
viii) Nephrology And Urology
ix) Neurology
x) Ophthalmology
xi) Ear-Nose-Throat (ENT)
xii) Others
c) By End User
i) Hospitals
ii) Specialty Centers & Clinics
iii) Diagnostic Centers
iv) Homecare
d) By Region
i) Dubai
ii) Abu Dhabi & AI Ain
iii) Sharjah & Northern Emirates
e) By Company
i) Revenue Shares
ii) Strategic Factorial Indexing
iii) Competitor Placement in MarkNtel Quadrant
4) UAE Medical Devices Market Supply Chain Analysis
5) UAE Medical Devices Market Policies, Regulations, Product Standard
6) UAE Medical Devices Market Hotspots & Opportunities
7) Competition Outlook
a) Competitor Wise Growth Strategies
b) Company Profiles
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on UAE Medical Devices Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of UAE Medical Devices Market during 2021-2026F?
A. The UAE Medical Devices Market is forecast to grow at a CAGR of 8.4% during 2021-2026F.
Q. Who are the key competitors or players operating in UAE Medical Devices Market?
A. 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 are few of the leading players in the UAE Medical Devices Market.
Q. Which end-user segment would emerge as an opportunity area for players in UAE Medical Devices Market?
A. Hospital is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in UAE Medical Devices Market?
A. Dubai continue to grow at a highest CAGR, presenting immense opportunities for market players of UAE Medical Devices Market.