UAE Medical Devices Market Size 2021 COVID-19 Impact Analysis by Business Opportunities, Applications, Geography, Growth Drivers, and Future Outlook till 2027: Ken Research

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.

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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.

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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.

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.

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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.

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