Lower Import Duties Accelerating UAE Medical Device Market

According to a new research report by RNCOS, titled “UAE Healthcare Sector Forecast to 2014”, the UAE tend to devote a high proportion of total health expenditure to medical devices compared to the developed nations. The country’s medical device market is highly dependent on imports. In recent years, the medical device market has been buoyed by some of the lowest import duties in the region. In vitro and diagnostics equipments are exempted from import tariffs, while capital equipment and instruments carry a 5% levy. This is one of the main reasons which make the UAE an attractive destination for medical devices’ imports and taking the medical device market to grow at a CAGR of around 11% during 2011-2014.

Of the total medical device market, diagnostic equipment market is expected to occupy the maximum market share in 2011. It will be closely followed by the therapy and rehabilitation equipments during the same period. In terms of value, diagnostic equipments, monitoring equipments, and therapy & rehabilitation equipments contributed more than half of the medical device market in 2011.

Further, the UAE healthcare industry is gradually turning into an attractive destination for the healthcare professionals worldwide. On the back of factors including improving financial stability of the country and emergence of new industrial sectors, besides oil and gas, per head healthcare spending of the country has been increasing incessantly. Moreover, the UAE is one of the leading countries with lifestyle diseases, such as diabetes, overweight and obesity, and cardiovascular diseases. On the back of these factors, the healthcare market in the UAE is projected to reach US$ 14.6 Billion by the end of 2014, growing at a CAGR of around 16.22% since 2011.

The report, which is spread over in 130 pages provides an in-depth research and rational analysis of the current status and expected position of the healthcare industry in the UAE. It also facilitates future forecasts on hospital market, medical device, and pharmaceutical segments during 2011-2014. Besides, our report also sheds light on the potential of healthcare industry in the Emirates of the country.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM387.htm

Some of our Related Reports are:

- Indian Diagnostic Market Outlook to 2015 (http://www.rncos.com/Report/IM373.htm)
- Indian Hospital Services Market Outlook (http://www.rncos.com/Report/IM381.htm)
- Indian Healthcare - New Avenues for Growth (http://www.rncos.com/Report/IM151.htm)
- Insulin Delivery Systems Market Forecast to 2014 (http://www.rncos.com/Report/IM369.htm)
- Global Genetic Testing Market Analysis (http://www.rncos.com/Report/IM352.htm)

Check Related REPORTS on: http://www.rncos.com/Healthcare_Industry.htm

About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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This release was published on openPR.