UAE Medical Devices Market Research Report: Market valued at USD 1.92 billion in 2023 With a CAGR of 8.87% – MarkNtel Advisors
UAE Medical Devices Market Insights Report Overview
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. The stakeholders will gain in-depth knowledge about the market dynamics and competitive landscape from past, present, and future perspectives, enabling them to use this information to guide their use of money and resources.
The readers of the study can better understand various consumer types, purchasing intentions, their wants and preferences, viewpoints on the product/service, how they react to a specific product that is currently on the market, and much more with the accurate and current information provided in this research report. The study also provides a thorough analysis of the measures that important stakeholders might do to lessen and avoid different economic repercussions.
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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.
UAE Medical Devices Market Analysis:
This analysis provides a thorough examination of the UAE Medical Devices Market industry, covering all key aspects. It delves into the broader market environment (macro-overview) while also offering detailed insights into industry performance (micro-level). Key elements explored include current trends, major drivers and challenges impacting the market, a breakdown of the value chain, a SWOT analysis of the industry’s strengths, weaknesses, opportunities, and threats, and an analysis of Porter’s five forces that influence competition within the market.
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Geographical Level Analysis:
The geographic assessment of the report offers a thorough study of numerous phenomena that are particularly pervasive in significant geographical pockets. By concentrating on key areas that have the potential to draw a larger consumer base, this study assists important stakeholders in making educated investment decisions. Stakeholders may strategically deploy their resources and target their efforts for maximum effect and customer engagement by recognizing the unique trends and dynamics within each region/ country.
By Region
- Dubai
- Abu Dhabi and Al Ain
- Sharjah &Northern Emirates
Competitive Landscape:
Key market players are currently actively putting strategic measures into place to strengthen and develop their positions in this competitive industry. Additionally, businesses are enlarging their markets and looking for chances abroad. The competition landscape in the industry has been in-depth analyzed in the market research report. Additionally, extensive profiles of all big corporations are covered in the report. The study looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. Some of the key players in the market are the ones listed below:
- Medtronic Plc
- Johnson & Johnson Middle East FZ-LLC
- Abbott Laboratories
- Becton, Dickinson & Company (BD)
- Braun Medical Gulf FZ-LLC
- Siemens Healthineers AG
- GE Healthcare
- Stryker ESCS BV
- Boston Scientific Corp.
- Fujifilm Middle Eat FZE
- Others
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UAE Medical Devices Market Segmentation Analysis:
In any market, market segmentation study is essential to corporate success. Businesses may successfully focus their efforts, reduce risks, and beat rivals by knowing and classifying various market groups. In order to succeed in a market environment that is constantly changing and competitive, businesses must incorporate market segmentation analysis into their business planning. Various segments are studied in this market report, data & figures of which are presented in a comprehensive manner. Segments includes:
By Type
- Diagnostic Devices
- Monitoring Devices
- Drug Delivery Devices
- Bio Implants and Stimulation Devices
- Surgical Devices
- Treatment Equipment
- 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
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