UAE Diagnostic And Medical Testing Market - Growth, Trends, Covid-19 Impact, Revenue, Competition, Shares, Sales And Forecast (2017 - 2026): Ken Research

Diagnostic tests denote to the type of medical tests that are functioned to aid in the detection or diagnosis of any disease. These tests have a decisive role in the control, surveillance and deterrence of any disease. These type of tests in improving patient care, consumer safety, and diminishing the healthcare spending.

According to the report analysis, ‘UAE Diagnostic and Medical Testing Market Current Analysis and Forecast (2017-2026)’ states that with the proficient augment in lifestyle diseases, shift in care models and innovative healthcare delivery approaches worldwide including the aim on preventative rather than curative care, the diagnostics & medical testing industry across the UAE is well poised to augment. Clinical laboratory services are a critical component of the healthcare sphere provided their impact and effectiveness to provide the reliable and high-quality healthcare to patients. Laboratory tests help determine the presence, magnitude or absence of disease and monitor the effectiveness of treatment. Clinical Laboratory services are categorized into 2 broad categories: pathology testing and imaging laboratory services.

Based on the type of testing, the market is classified into Routine Testing, & Specialized Testing. The Routine Testing segment grabbed the foremost market and dominated the market. The segment produced revenue in million during the recent past years. Based on the type of players, the market is categorized into Public institutions, Private clinics and private hospitals, & Independent laboratories. The Private clinics and private hospitals segment grabbed the foremost market and registered the market.

Some of the major players functioning in the market comprise NRL (National Reference Laboratories), Al Borg lab, Medsol, MENA Labs, Purehealth, Unilabs, Cleveland Clinic Abu Dhabi, SRL Diagnostics UAE, Thumbay Labs, Life Diagnostics & York Lab. Countless M&A’s along with partnerships have been undertaken by these players to boost their presence in dissimilar countries in the region. In addition, these companies in the UAE diagnostic and medical testing market are actively working for keep maintaining the governing position, leading the highest market growth, obtaining the competitive edge, registering the great value of market share and generating the highest percentage of revenue by analysing the strategies and policies of government as well as contenders, delivering the better customer satisfaction, improving the qualitative and quantitative measures of such, implementing the policies of profit making and strategies of expansion, spreading the awareness connected to the applications and advantages of such, decreasing the associated prices of such, and establishing the several research and development programs.

Based on Testing Model, the UAE Diagnostics and Medical Testing market is classified into in-house and Outsourced. Amongst testing model, in-house registered for a market valuation of US$ XX in 2020 and is projected to reach US$ XX million by the year 2026, at a CAGR of XX % over the analyzed period. In-house testing model are less expensive, convenient and confidential coupled with assistances in diagnosing disease at early stage. Therefore, in-house testing model is projected to grab significant market share in the reviewed period as well.

The market for diagnostic and medical testing in the UAE is majorly propelled by the growing geriatric population, increasing patient awareness about the value of laboratory tests, and the augmenting the prevalence of infectious and chronic disease patients. Therefore, it is predicted that during the near period the market of diagnostic and medical testing will augment more proficiently over the review duration.

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UAE Diagnostic and Medical Testing Market

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Growth in Healthcare Infrastructure is Set to Drive UAE Diagnostic and Medical Testing Market: Ken Research

Diagnostic and medical testing refers to a specific type of testing, usually used in detecting disease and to monitor its progression. Additionally, diagnostic tools & equipment are also used in guiding the treatment and assessing its effectiveness. Diagnostic testing is mainly two types: invasive diagnostic testing and non-invasive diagnostic testing. Invasive diagnostic tests include piercing the skin or entering the body for instance taking a blood sample, colonoscopies and biopsies. Additionally, non-invasive testing involves the exploit of advanced diagnostic equipment that creates images/pictures of organs, bones and soft tissues inside the body without having to make an incision.

Some of the commonly used image-guided diagnostic testing procedures include Magnetic Resonance Imaging (MRI), radiography or X-rays, mammography, ultrasound and others. MRI generally uses a strong magnet & radio waves to produce the highly detailed images of the inside the body. X-ray or radiography uses radio-waves to create the images of bones & organs. Mammography is often used as a screening & diagnostic tool for women to detect the abnormal growths in the breast. Additionally, ultrasound uses sound-waves, computer and transducer to create the images of internal organs.

Referring to the study, “UAE Diagnostic and Medical Testing Market Current Analysis and Forecast (2017-2026)” some of the key companies that are presently operating in the UAE diagnostic & medical testing market include Al Borg lab, NRL (National Reference Laboratories), Medsol, Purehealth, Unilabs, MENA Labs, Cleveland Clinic Abu Dhabi, Thumbay Labs, SRL Diagnostics UAE, Life Diagnostics & York Lab and among others. In order to reinforce their position in the diagnostic & medical testing market, leading players are now focusing on executing different strategies including recent developments, mergers & acquisitions, joint ventures, product innovations, collaborations and partnerships.

In terms of testing type, UAE diagnostic & medical testing market can be segregated as specialized testing and routine testing. Routine testing segment holds major share in regional market due to rise in prevalence of chronic diseases such as heart diseases, cancer and asthma. In terms of testing model, market can be segregated as outsources and in-house. In-house testing model segment is anticipated to exhibit substantial growth rate as it is less expensive, convenient and confidential during the forecast period. In terms of type of players, market can be segregated as private clinics, public institutions, private hospitals and independent laboratories. Private clinics and private hospitals are likely to witness higher CAGR caused by growth in healthcare expenditure coupled with increase in healthcare awareness among people during the forecast period. In addition, in terms of end-user, UAE diagnostic & medical testing market can be segregated as COVID, B2C end-users, B2B end-users and lab management.

Rise in number of In vitro diagnostic (IVD) test, followed by growth in healthcare infrastructure and better financial models, increase in lifestyle diseases, adequate reimbursement policies and growth in patient population are some major factors, which are responsible for growth of the UAE diagnostic & medical testing market. Apart from this, high cost of diagnostic & medical tests may impact the market.

Based on country-wise analysis, the UAE diagnostic & medical testing market can be bifurcated as Dubai, Abu-Dhabi and rest of UAE. Abu-Dhabi country dominates the regional market because of increase in number of laboratories across the region. Dubai country is expected to witness higher growth rate due to increase in government focus & favorable policies on healthcare over the forecast period. It is projected that future of the UAE diagnostic & medical testing market will be bright on account of growth in spending in health infrastructure during the forecast period.

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UAE Diagnostic and Medical Testing Market

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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249