Admittance
of good quality, and appropriate health products is indispensable to advance
the universal health coverage, address health emergencies and encourage
healthier populace. Without the medical devices, common medical process – from
bandaging a sprained ankle, to diagnosing HIV/AIDS, implanting an artificial
hip or any surgical intervention – would not be possible. The medical devices
are utilised in countless diverse settings, for example, by the laypersons at
home, by paramedical staff and clinicians in the remote clinics, by opticians
and dentists and by health-care professional in the improved medical
facilities, for preclusion and screening and in the palliative care. Such
health technologies are utilized to diagnose illness, to monitor treatments, to
help disabled individuals and to intervene and treat illness, both acute and
chronic.
A
medical device can be any instrument, implement, apparatus, machine, implant,
machine, reagent for in vitro utilize, software, material or other similar or
concerned article, intended by the producers to be utilized, alone or in
amalgamation for a medical determination.
UAE
is the fourth largest medical device market around the Middle East and Africa
region, increasing @8.7% CAGR during 2015-2020. It is a highly price sensitive
and import dependent market with improved medical devices imported from regions
such as US, Germany, Japan and China and local production restricted to
prototype units, spare parts and disposables such as surgical gloves, syringes,
and needles. UAE’s growing budget allocation for the healthcare segment and
ongoing healthcare development projects has played a pivotal role in the
sustained growth.
Based
on the procurement, imports have registered for majority of the revenue share around
UAE Medical Device Market during 2020. The imports are largely concerned to
more sophisticated medical and surgical instruments and infrastructure. Based
on mode of sales, the distributor mediated sales have registered for mainstream
of the revenue around UAE medical device market during 2020. Majority of the
international entities hire distributors around UAE through which it sells the
medical devices to diagnostic laboratories, hospitals and several other non-residential
consumers.
In
addition, on the basis of type, the medical consumables have registered for the
greatest share around UAE Medical Devices Market
in 2020, followed by diagnostic imaging product and respiratory products with
the public & private hospitals and diagnostic labs/clinics make up the
greater end users for each sector/sub-sector of the industry.
The
effective growth in the prevalence of chronic syndromes and the growing
emphasis of the healthcare agencies towards the early diagnosis and treatment
is leading to an augmenting number of patients undergoing diagnostic and
surgical processes. The growth in the number of inpatient admissions and the
growing number of surgical and diagnostic processes is propelling the
requirement for medical devices, comprising capital equipment and consumables
in the developed and underdeveloped regions.
This
is further increased by the growing investments by leading market players in
the research & development for the improvement of technologically advanced
equipment, with a focus to cater to the increasing requirement for the
innovative devices. Not only has this, the effective augment in investment for
the medical technology entities in research & development and favorable
landscape delivered by the regulatory authorities for their approval is
projected to boom this UAE medical devices market during the forecast duration.
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Leading
players functioning in the UAE medical devices market observed a proficient
impression on requirement for several medical devices, where some sectors
observed a sharp augment in requirement while others observed a proficient
deduction. Companies aiming on the market sectors, comprising in-vitro diagnostics
devices, diabetes, and nephrology, observed comparatively greater requirement
for their products and devices throughout during recent years.
The
competition scenario around UAE medical devices market is greatly fragmented
due to the existence of large number of international companies and local
distributors leading to dilution of market share. The international companies
provide their products through authorized distributors located around the
country. GE, Siemens, Philips, Hill-rom, Fresenius, Phonak, Stryker are the
foremost companies functioning in the UAE Medical Device market. Pharma trade,
Gulf & world traders, Pure Health and Al Zahrawi are few top distributors
around UAE. The foremost competitive parameters comprise product portfolio, price,
and distribution network, pricing, after assistance services and marketing
activities.
Aging
population along with the growth in number of hospitals and clinics, augment in
total healthcare expenditure by the government and increase in medical tourism
in the country are going to impact the requirement for medical devices in the
positive manners.
For More Information, refer to below link:-
UAE Medical Devices Market Research
Report
Related Reports
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Ankur Gupta, Head
Marketing & Communications
+91-9015378249
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