The report titled “UAE Health Tech Market Outlook to 2026 - Driven by Increasing demand for Faster Delivery & Convenience and Shifting Customer behaviour” provides a comprehensive analysis on the status of the Health Tech Market in UAE. The report includes three segments of the Health Tech Market – E-Pharmacy, Online Consultation, IT Healthcare Solutions. The report includes various aspects including, the evolution of the Health Tech Industry and comparison of the various players operating in the UAE market, need & opportunities for the Health Tech Market in UAE describing the market trends, the growth drivers and the challenges faced by the industry.
It includes detailed explanation
of the various operating model which is being followed by major Health Tech
players, developments, challenges, seasonality trends, current & upcoming
technologies facilitating the industry. It gives detailed explanation of investment
analysis, competitive scenario including cross comparison between major
players, SWOT Analysis, and detailed company profiles of major players
including their strength and weaknesses along with analyst recommendations.
UAE Health
Tech Market Overview:
UAE Health Tech market provides
the convenience of fastest possible doorstep delivery of Pharmaceutical
products, convenient and instantaneous teleconsultation services which patients
can avail and software products used by Hospitals, pharmacies and clinics. The
Significant increase in chronic and lifestyle disease, growing aging
population, increase in private and public expenditure on health along with
shift in consumer behaviour during the pandemic are contributing factors for
growth in the Health Tech Market.
The Health Tech Industry is
currently positioned in the Early Growing Stage and is anticipated to showcase
a double digit CAGR during 2018 and 2021. Increasing tendency of self-diagnosis
among the population and higher affordability over the online platforms with
inclusive tax relaxations, and subscription based benefits further drives the
growth of the Health Tech Market.
UAE
Health Tech Market Segmentation:
By Product
Category:
HealthCare IT Systems contributes
the most in terms of revenue currently as it has relatively higher GTV than
other categories and is expected to be the highest contributing category,
followed by E-Pharmacy.
Online Consultations contribute
the least because customer still prefer the personal experience of visiting a
doctor offline.
UAE
E-Pharmacy Market:
Online Pharmacy Companies benefit
in the UAE primarily as the nation has complete Internet Penetration, ~98%
smartphone penetration & Technology Awareness as compared to other
countries in the GCC with Life Pharmacy and BinSina dominating the market. The
consumption of Over the counter (OTC) drugs, rise of dietary supplements,
increasing demand for nutrition-enriched products, and soaring consumption of
multivitamins is contributing to the growth in the market.
Convenience and Reduced costs of
drugs sold online are factors shifting customer behavior. Consolidation of
e-pharmacies with supply chain efficiencies and improved engagement with pharma
companies. Technological changes such as remote monitoring, data analytics to
predict customer preferences and demand of drugs can enhance customer
experience. The UAE E-Pharmacy market is expected to have a double digit CAGR
during 2022 to 2026.
UAE
Online Consultation Market:
Social distancing and
stay-at-home orders toppled the conventional care delivery model and enabled
many healthcare providers to adopt telemedicine and virtual patient monitoring.
The Industry had a double digit CAGR in terms of GTV during the review period
2018 to 2021P.
The Teleconsultation market is
split into Video & Chat Consultation of which the former dominates the
market due to the convenience of communication via the visual medium allowing
the doctor to better asses the patient’s condition. General practitioners are
the most common type of doctor as the most common occurring diseases do not
requiring specialized doctors. Integration of fully virtual and near-virtual
health solutions brings care closer to home, increasing convenience for
patients to access care are the future trends and Online Consultation is expected
to have a significant double digit CAGR during 2022 to 2026
UAE IT
HealthCare Solutions:
Improving clinical outcomes,
reducing human errors, improving practice efficiencies, facilitating care
coordination, and tracking data over time are the benefits of using software
solutions in the HealthCare industry.
Clinical Management software
dominates the market followed by hospitals as they are the most in number.
Subscription based soft wares dominates as compared to those with annul
licenses as this allows different establishments to try out he services of
different companies before deciding which one suits them the best. Enhanced
security services, Big data Analytics and cloud computing are set to dominate
the future trends of the market which is expected to grow at a double digit
CAGR during 2022 to 2026.
UAE
Health Tech Market Competitive Landscape:
The industry is currently
concentrated with presence of 9 major players operating in the E-Pharmacy in
UAE, 5 major players in the online consultation market and 6 major players in
the IT Solutions market. Fast Delivery, Lower Price, User Convenience, wide
product assortment and availability & Ease of Payment are the major factors
that influence the buying decision of the consumer. The major players include
Life Pharmacy, 800 Pharmacy, Medicoplus, Intersystem, Altibbi and Okadoc.
UAE Health
Tech Market Future Outlook and Projection:
The demand for the UAE Health
Tech Market is expected to expand with at a double digit CAGR on the basis of
GTV between 2022 and 2026. Emergence of the teleconsultation platform ecosystem
enabled by mobile medical units and intermediaries, VR technology, AI &
Blockchain are some of the technologies to revolutionize the world.
Key Segments
Covered
- By Product Category
- E-Pharmacy
- Online Consultation
- HealthCare IT Solutions
- By Region
- UAE
- Sharjah
- Ajman
- By Business Model
- Omni Channel Model
- Inventory Led Model
- E-Commerce Model
- Annual Subscription Model
Companies
Covered
- Life Pharmacy
- 800 Pharmacy
- Aster Pharmacy
- Medicina
- Docib HealthCare
- CHS Community Pharmacy
- Health at Hand
- Abu Dhabi Telemedicine Centre
- Tru Doc 24x7
- Medicoplus
- Simplex Himes
- Safe Care Technology
Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTgxNjU3
Key Target
Audience
- UAE E-Pharmacy Companies
- UAE Online Consultation Companies
- UAE HealthCare IT Solutions Companies
- Investors & Venture Capitalists
Time Period
Captured in the Report: -
- Historical Period: 2018 – 2021P
- Forecast Period: 2022 – 2026.
Key Topics
Covered in the Report
- How is the UAE Health Tech Market positioned
in the UAE?
- Evolution of the UAE Health Tech Market
- Consumer Purchase Behavior
- Supply Ecosystem and Challenges
- Market Size and Segmentation
- SWOT Analysis
- Current Technologies Facilitating UAE Health
Tech Market
- Upcoming Technologies in UAE Health Tech
Market
- Investment and Funding in UAE Health Tech
Companies in UAE
- Competitive Landscape – Cross Comparison of
Major Players
- Company Profiles
- Case study & Analyst Recommendations
- Research Methodology
Related Reports
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications