UAE Medical Devices Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-30
The UAE Medical Devices 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.
Markntel Advisor’s UAE Medical Devices Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, UAE Medical Devices Market drivers, barriers, UAE Medical Devices Market Trends, and Key Players in UAE Medical Devices Market.
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UAE Medical Devices Market Dynamics: 2024-2030
UAE Medical Devices 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.
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UAE Medical Devices Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
· By Type
o Diagnostic Devices
§ Surgical ENT Devices
§ Endoscopes
§ Diagnostic Molecular Devices
§ Imaging Devices
o 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
o Drug Delivery Devices
o Bio Implants and Stimulation Devices
o Surgical Devices
o Treatment Equipment
§ Infusion Pumps
§ Medical Lasers and LASIK Surgical Machines
o Others
· By Therapeutic Application
o Gastrointestinal Surgery
o Diagnostic Imaging
o Respiratory
o General Surgery
o Orthopedics
o Dental
o Cardiovascular
o Nephrology And Urology
o Neurology
o Ophthalmology
o Ear-Nose-Throat (ENT)
o Others
· By End User
o Hospitals
o Specialty Centers & Clinics
o Diagnostic Centers
o Homecare
· By Region
o Dubai
o Abu Dhabi and Al Ain
o Sharjah &Northern Emirates
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Top Companies Operating in the UAE Medical Devices Market:
- 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
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