Wednesday, July 6, 2022

Rise in Cardiovascular and Infectious diseases has given a major push to high precision and portable diagnostic devices eventually driving the consumable and outright sales of Laboratory Equipment in UAE: Ken Research

  • Installations of Diagnostic Devices (BGA, POC IAA and TCM) in UAE is expected to grow as demand for new and innovative products is rising in place of conventional centralized systems.
  • High disease prevalence and demand for specific diagnosis is expected to drive the demand further with the introduction of technologically advanced equipment in the country.

UAE Diagnostic Devices (BGA, POC IAA and TCM) Market Overview: UAE’s growing healthcare infrastructure is boosting the Diagnostic Devices (BGA, POC IAA and TCM) Market in UAE. The Government of UAE has allotted ~AED 4.8 Bn as the Healthcare budget in 2020. Along with it, the growing privatization in the healthcare sector will boost the demand for Diagnostic Devices (BGA, POC IAA and TCM) in the country. UAE’s growing healthcare infrastructure has been attracting major players from around the world to meet the growing demand for Diagnostic Devices (BGA, POC Immunoassay Analyzer and TCM) equipment in the country. Apart from the European and American manufacturers many Chinese and Korean manufacturers are also targeting the high potential UAE Diagnostic device market.

Increased focus on Innovation: As market awareness increases, the Diagnostic Devices (BGA, POC IAA and TCM) manufacturers are focusing more on product innovation and addition of latest technologies. IoT integration, resizing the device, adding multiple testing parameters is helping address challenges in UAE’s Healthcare facilities including hospitals and independent labs especially in the government sector. Technological solutions, such as Health IT solutions, mobile and portable systems, increased service offerings are solving the major challenges for medical industry in the country.

Installed base for the Diagnostic Devices (BGA, POC Immunoassay Analyzer and TCM) to Rise: Diagnostic Devices (BGA, POC Immunoassay Analyzer and TCM) market in UAE is an import driven market as the country imports majority of the Diagnostic Devices (BGA, POC Immunoassay Analyzer and TCM) from the European manufacturing countries. POC devices have largely captured the current installed base in blood gas analyzer market while POC Immunoassay and TCM devices are in the process of creating a higher demand by hospitals and independent labs in UAE.

The report titled UAE Blood Gas Analyzer, POC Immunoassay Analyzer and Transcutaneous Monitors Market Outlook to 2025 – Rising demand for quality healthcare and increasing healthcare privatization will help the diagnostic medical device market to grow in UAE by Ken Research suggested that the Diagnostic Devices (BGA, POC Immunoassay Analyzer and TCM) market is expected to grow at a single digit positive CAGR. Increased quality of healthcare and high disease prevalence are driving the market in UAE. The Diagnostic Devices (BGA, POC Immunoassay Analyzer and TCM) revenue in UAE is expected to grow over the next few years owing to the high demand for digital products in the country.

Key Segments Covered

Blood Gas Analyzer

  • By Installed Base
  • By Revenue
  • By Type of Product
  • By Type of Demand
  • By type of Entity
  • By Type of Workload
  • By Type of Device
  • By type of Sales Mode
  • By End User
  • By Region

POC Immunoassay Analyzer

  • By Installed Base
  • By Revenue
  • By Type of Product
  • By Type of Demand
  • By type of Entity
  • By type of Sales Mode
  • By End User
  • By Region

Transcutaneous Monitors

  • By Installed Base
  • By Type of Product
  • By End User
  • By Hospital Sector
  • By Region

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Key Target Audience

  • Healthcare Industry
  • Medical Device Manufacturing Companies
  • Medical Device Distributors
  • Hospitals
  • Multi-specialty and Super Specialty Clinics
  • Diagnostic Centers
  • Sleep Labs Centers
  • Home Healthcare Centers

Time Period Captured in the Report:

  • Base Year: 2020
  • Forecast Period: 2021F–2025F

Companies Covered:

Equipments Manufacturers

  • Roche Diagnostics
  • Abbott
  • Siemens
  • Nova Biomedical
  • Radiometer
  • Techno Medica
  • Wondfo
  • Osang Healthcare
  • i-Sens
  • Opti Medical
  • Werfen
  • Sysmex
  • LSI Medicine and Others

Key Topics Covered in the Report

  • UAE Diagnostic Device (BGA, POC IAA and TCM) Introduction
  • Market Ecosystem
  • Value chain Analysis
  • Detailed Analysis on Blood Gas Analyzer Market in UAE (Market Size, 2020; Market Segmentation; Market Shares; Product Comparison; Competition; Future Market Size, 2025; Future Trends and Technologies)
  • Detailed Analysis on Immunoassay Analyzer Market in UAE (Market Size, 2020; Market Segmentation; Market Shares; Product Comparison; Competition; Future Market Size, 2025; Future Trends and Technologies)
  • Detailed Analysis on Transcutaneous Monitors Market in UAE (Market Size, 2020; Market Segmentation; Market Shares; Product Comparison; Competition; Future Market Size, 2025; Future Trends and Technologies)
  • Major Challenges in UAE Diagnostic Device (BGA, POC IAA and TCM) Market
  • Business Opportunity (Customer Analysis, Major upcoming Healthcare Projects in UAE)
  • Recommendations (Sales and Marketing Strategies, Positioning Strategies, Business Framework)

Related Reports

Thailand Blood Gas Analyzer and Cardiac Biomarker Market Outlook to 2025 – Blood Gas Analyzer: By Device Type (Medium to High Workload and Single Test Analyzer), By Product (Device and Reagent), By Region

Oman Blood Gas Analyzer, POC Immunoassay Analyzer and Transcutaneous Monitor Market Outlook to 2025 – Remarkable growth in the distribution and quality of health services in Oman has added to previous health achievements and stimulated the growth in future

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Ankur Gupta, Head Marketing & Communications

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Rising Consumer Awareness, Prevalence of Chronic Diseases, and Cost-containment of Connected Medical Devices Fueling Growth in the North America Market: Ken Research

June 2022 | North America Connected Medical Devices Market News

Impact of COVID on North America Connected Medical Devices Market: The ongoing Covid-19 pandemic has positively affected the market for Connected Medical Devices. During the months of lockdowns, limited mobility and restricted contacts, numerous individuals, particularly those affected by the virus, shifted their purchasing preferences towards Connected Medical Devices rather than visiting a care facility. Although the demand was high, disrupted supply chain, limited transportation, lower workforce capacity, and restricted trade/import & export halted the manufacturing of Connected Medical Devices in several cases, resulting in lower sales.

Expanding Use of Technology to Achieve Better-Orchestrated Healthcare delivery

A range of technology provisions are in deployment when it comes to connected medical devices and their use. These devices help unlock patient data siloes to make better clinical decisions in shorter time. Connected medical devices also leverage technologies relating to AI, robotics and block chain to make the services more efficient, faster and accurate.

Adoption of Health Monitoring Devices among Individuals: People becoming more and more conscious about keeping their vital health parameters, such as blood pressure, glucose and heart rate levels, under control is boosting the market. At the same time, patients recovering at home and a significant part of the aging population is adopting these devices for remote monitoring and real-time alerts on their connected user interface.

Analysts at Ken Research in their latest publication North America Connected Medical Devices Market Outlook and Forecast to 2027 - Driven by Rising Consumer Awareness, Prevalence of Chronic Diseases, and Cost-containment of Connected Medical Devicesbelieve that the Connected Medical Devices market is expected to grow due to the efficiency, speed, accuracy and convenience it brings to the field of healthcare.

Key Segments Covered in North America Connected Medical Devices Market:-

North America Connected Medical Devices Market By Components

Medical devices

System and Software

Connectivity Technology

Services

North America Connected Medical Devices Market By Application

Consultation and Diagnosis Services

Treatment Services

Remote Monitoring

Fitness

Wellness Services

North America Connected Medical Devices Market By Product/ Solution

Diagnostic Imaging

Consumables

Patient Aids

Orthopedic and Prosthetic

Dental Products

Other Medical Equipment

North America Connected Medical Devices Market By Type of End User Industry

Hospitals

Nursing Homes

Pathological Labs

Specialty Clinics

Ambulatory Surgical Centers

Home Care Settings and Monitoring

North America Connected Medical Devices Market By Geography and Major Countries

U.S.

Canada

Mexico

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Key Target Audience:-

Connected Medical Devices Manufacturers

Connected Medical Device Product Assemblers

Connected Medical Device Developers

Connected Medical Device Raw Materials Suppliers

Connected Medical Device Components Suppliers

Value-Added Resellers (VARs)

Potential Investors in Connected Medical Device Companies

Distributors and Retailers of Connected Medical Devices

Time Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022-2027F

Companies Mentioned:-

Key Competitors in North America Connected Medical Devices Market

Abbott Laboratories

Boston Scientific Corporation

Medtronic.

Philips Corporation

Stryker

NXP Semiconductors

Honeywell

Baxter

GE Healthcare

Beckton, Dickinson and Company (BD)

Masimo Corporation

Drager

Emerging Connected Medical Devices Companies in North America

Bright Uro

Zeta Surgical

Biomotum, INC

Puzzle Medical Devices

Arma Biosciences

Repare Therapeutics

ECGlove

MediQo

To learn more about this study - Request for Free Sample Report

Key Topics Covered in the Report:-

Snapshot of North America Connected Medical Devices Industry

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of North America Connected Medical Devices Market 

Historic Growth of Overall North America Connected Medical Devices Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of North America Connected Medical Devices Industry

Overview, Product Offerings and SWOT Analysis of All the Key Competitors

Covid 19 Impact on the Overall North America Connected Medical Devices Market

Future Market Forecast and Growth Rates of the Total North America Connected Medical Devices Market and by Segments

Market Size of End User Industries with Historical CAGR and Future Forecasts

Analysis of North America Connected Medical Devices Market in Major North American Countries

Major Production / Consumption Hubs in the Major Countries

Major Production/Supply and Consumption/Demand Hubs in Each Major Country

Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging North America Connected Medical Devices Companies within Each Major Country

For more information on the research report, refer to below link:-

North America Connected Medical Devices Market

Related Reports:

Philippines Medical Devices Outlook to 2025 (Second Edition)- Rising Cases of Chronic Diseases and Expected Growth in Demand for Cancer Therapy and Dialysis Equipment

Singapore Medical Devices Market Outlook to 2022 - By Type of Medical Device (Consumables, Diagnostic Imaging, Patient Aids, Orthopedic & Prosthetics, Dental Products And Others)

Vietnam Medical Devices Market Outlook to 2022 - By Equipments (Consumables, Diagnostic Imaging, Dental Products, Orthopedics and Prosthetics, Patient Aids And Other Medical Devices)

Indonesia Medical Devices Market Outlook to 2022 - By Medical Consumable Products, Diagnostic Imaging Products, Auxiliary Devices, Orthopedic Implants, Dental Products, Aesthetic Devices, By Imports & Domestic Production

UAE Medical Devices Market Outlook to 2025: Driven by technological advancement, increase in the aging population and rise in the prevalence of chronic diseases in the country

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Ankur Gupta, Head Marketing & Communications
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Frequently Asked Questions:

What is the Study Period of this Market Report?

The North America Connected Medical Devices Market is covered from 2017 – 2027 in this report, which includes a forecast for the period 2022-2027.

What is the Future Growth Rate of North America Connected Medical Devices Market?

The North America Connected Medical Devices Market is expected to witness a CAGR of about 8% over the next 5 years.

What are the Key Factors Driving the North America Connected Medical Devices Market?

Shift Towards Homecare Settings and Rising Prevalence of Chronic Diseases are expected to be the primary drivers of this market.

Which is the Fastest Growing Application Segment within the North America Connected Medical Devices Market?

Remote Monitoring is the fastest growing application segment within the North America Connected Medical Devices Market.

Who are the Key Players in North America Connected Medical Devices Market?

Abbott Laboratories, Boston Scientific Corporation, Medtronic, Philips Corporation, Stryker, NXP Semiconductors, Honeywell, Baxter, GE Healthcare, Becton, Dickinson and Company (BD), Masimo Corporation and Drager are the major companies operating in North America Wearable Electronics Market.

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Israel Fitness Market, Share, Growth Rate, Size and Future Outlook till 2025

 

Growing Awareness regarding balanced Lifestyle and Access to low cost budget fitness centers to drive market growth: Ken Research

  • Digital Fitness App Market is expected to grow @25.1% CAGR as fitness centres are offering online classes and incorporating fitness-based apps for at-home exercise.
  • Gyms and boutique studios are proactively adopting new creative ways to retain customers and transitioning to a more digital fitness practice, which are best positioned to succeed moving forward.
  • High Tourist Influx for luxury services will encourage Hotels & Compounds to incorporate fitness centres in their properties and expand their offerings.

Increase in Penetration Rate and Active Members: Growth in the Fitness Industry will be triggered by a 10.0 % increase in the number of clubs across the country driving a total increase in members by 14.8 %. Steady increase in demand of certified personal trainers along with advancement of technologies adopted by majority of the fitness center and rising awareness among people about their health will intensify the number of subscribers.

Growth of Fitness Equipment Market: Sedentary lifestyles and hectic schedules along with COVID19 Outbreak are resulting a spike in the number of people working out from homes to avoid getting infected, thus fuelling the adoption of in-home fitness equipment. Elliptical and Fitness Machines along with Treadmill and Cardio training fitness equipment are expected to dominate the overall fitness equipment market.

Rise in Digital Offerings: Fitness Centers and Personal Trainers along with Fitness Bloggers are using social media platforms such as Facebook and Instagram to conduct live workshops for the ease and convenience of home workouts thereby leading to higher participation rate. Brick and Mortar fitness centres are facing competition from online weight loss programs owing to growing prominence of social marketing and platforms that have started online fitness tutorials.

The report titled Israel Fitness Services Market Outlook to 2025 – Driven by the Growing Awareness for a more Balanced Lifestyle along with the Addition of State-of-the-Art Gyms in the countryby Ken Research suggested that the fitness market is further expected to grow in the near future owing to growing awareness of health benefits, increasing disposable income, rising awareness regarding obesity and to overcome health issues such as cardiovascular diseases along with growth of female only fitness centers has been the major key factors which drives the demand for fitness services centers in Israel. The market is expected to register a positive five year CAGR of 18.4% in terms of revenue during the forecast period 2020-2025F.

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  • Direct Economic Impact of Fitness Centres
  • Overview of Commercial Gyms in Israel Health and Fitness Market
  • Overview of Fitness Centres in Hotels and Resorts
  • Overview of Fitness Centres in Schools and Universities
  • Overview of Fitness Centres in Residential Townships/Compounds
  • Overview of Fitness Centres in Hospitals
  • Overview of Fitness Centres in Sports Clubs and Govt. Organizations
  • Indirect Economic Impact of Fitness Centres
  • Israel Fitness Equipment Industry Market Size
  • Evaluation of Premiumization on Real Estate Sector
  • Estimated Cost of Constructing a Fitness Centre

Key Target Audience

  • Fitness Equipment Manufacturers
  • Fitness Equipment Distributors
  • Fitness Centres
  • Government Organizations

Time Period Captured in the Report:

  • Historical Period: 2015-2020
  • Forecast Period: 2020–2025

Key Topics Covered in the Report

  • Socio-Economic Landscape of Israel
  • Direct and Indirect Economic Impact of Fitness Industry in Israel
  • Overview of Commercial Gyms in Israel Health and Fitness Market
  • Snapshot of Digital Fitness Market in Israel
  • Assessment of the Indirect Economic Impact of Fitness Industry in Israel
  • Israel Fitness Equipment Industry Market Size
  • Evaluation of Premiumization on Real Estate Sector
  • Assessment of the Indirect Economic Impact of Fitness Industry in Israel
  • Overview of Healthcare Scenario/Health Statistics
  • Potential Health Implications and Health Cost Reductions
  • Customer Mindset for Fitness Services
  • Impact of COVID 19 on Fitness Industry in the Israel
  • Future Outlook and Projections for Israel Fitness Services Market
  • White space and Opportunities existing in the Israel Fitness Services Market
  • Research Methodology

For More Information on the Research Report, refer to below link:

Israel Fitness Services Market Outlook to 2025 - Driven by Growing Awareness for a Balanced Lifestyle along with the Addition of State-of-the-Art Gyms in the country

Related Reports by Ken Research

Qatar Fitness Services Market Outlook to 2025F - Driven by increasing health concerns resulting in addition of number of health clubs and gyms

Philippines Health Tech Market Outlook to 2025- By Service Type (E-Pharmacy, Online Consultation and Healthcare IT Solutions) and By Region (Manila, Central Luzon, Mindanao/Davao, and Others

Indonesia Health Tech Market Outlook to 2025-Lack of Medical Staff and Protective Gear to Lean on Healthcare Startups in Indonesia

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