Health Tech platforms have gained traction with the increasing prevalence of customers availing health services online due to the pandemic: Ken Research
UAE Health Tech is being driven by rising prevalence of lifestyle diseases (for example, diabetes or obesity) and an increased awareness of preventive care along with Rise in demand for specialized care like that for oncological and cardiovascular diseases in the UAE coupled with rise the in elderly population.
The UAE Health Tech Market is expected to grow at a double digit CAGR from 2018 to 2021P.
HealthCare IT Systems contributes the most in terms of revenue currently as it has relatively higher GMV than other categories and is expected to be the highest contributing category, followed by E-Pharmacy by the year 2026.
Technological development such as Artificial Intelligence, Block Chain and VR Environments are anticipated to be adopted by the players of UAE Health Tech market.
UAE Health Tech Market Future Trends
Competition Scenario: 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.
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Future Market Scenario (Upcoming Technologies): The demand for the UAE Health Tech Market is expected to expand with at a double digit 11% CAGR on the basis of GMV 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. Demand Prediction and Customer Behaviour Analysis is crucial to ensure sufficient availability and to ensure minimum degradation and stock-outs of HealthCare products.
Regulations: The UAE Health Tech Players are expected to provide users of data protection, security and website integrity and encryption through online security certificate. DHA licensed physician with appropriate skills, competencies training and knowledge in relevant technologies and tools to provide consultation services.
Analysts at Ken Research in their latest publication "UAE Health Tech Market Outlook to 2026 - Driven by Increasing demand for Convenience and Shifting Customer behavior towards Online Health services" believe that the Health Tech Market in UAE is expected to demonstrate strong growth owing to the increase in demand for deliveries of pharmaceutical products, wide product assortment, convenient & hassle-free online teleconsultation experience.
Key Segments Covered
By Product Category
HealthCare IT Solutions
By Business Model
Omni Channel Model
Inventory Led Model
Annual Subscription Model
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CHS Community Pharmacy
Health at Hand
Abu Dhabi Telemedicine Centre
Tru Doc 24×7
Safe Care Technology
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
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
Case study & Analyst Recommendations
Ankur Gupta, Head Marketing & Communications
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.
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