May 16, 2022 06:27 ET | Source: Ken Research Ken Research
Gurugram, India, May 16, 2022 (GLOBE NEWSWIRE) -- - As the UAE are almost entirely reliant on imports of medical devices, abundant opportunities are available for medical device companies to meet the country's growing demand.
- Increasing presence of Global Manufacturers into the UAE Medical Devices market will support the dominance of Distributor Mediated sales as these companies require local distributor partnerships to sell their devices in UAE.
- Innovative surgical interventions like autonomous surgical robots and intelligent balloon catheters will enhance outcomes of complex surgeries and enable new forms of minimally invasive surgeries.
Increased Demand for Radiography Services: High incident rates of lung and heart diseases prompt hospitals to make enhancements for medical equipment, thus, increasing the demand for general radiography devices like electro-cardiographs, ultrasound, x-ray and others. The major advantages of digital imaging are cost-effectiveness and easy accessibility. The hospitals are able to cut the cost by lowering the film price, reducing the requirement of storage space, and decreasing the number of people required to run the services and archive sections.
Rise of Telemedicine Industry: The Telehealth market in UAE is forecast to reach over $536.5 Mn by 2025, expanding @25% CAGR from 2020 to 2025. The highest growing segment within telehealth will be virtual visit market, which is expected to reach $280.7 Mn by 2025 representing @30.7% CAGR. The market holds many opportunities to grow owing to the lack of access to care and rising provider adoption of telemedicine, rising consumer demand and patient acceptance, and enhanced quality of care.
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New Healthcare Infrastructure Projects: Upcoming healthcare infrastructure projects in UAE such as Saudi German Hospital Dubai, consisting of a 150-bed hospital and medical college complex will increase the demand for medical devices. The department of Economic Development in UAE is also boosting investment proposals in the medical industries sector, including facilitating procedures, giving priority to local medical products and strengthening investment partnerships, which will result in the growth of Local Manufactured Products in UAE.
The report titled "UAE Medical Devices Outlook to 2025– Driven by technological advancement, increase in the aging population and a rise in the prevalence of chronic diseases in the country" provides a comprehensive analysis on UAE Medical Device Market. The report covers various aspects including the current market size and production scenario, its segmentations viz, type of Devices, sales Channel, technology, end users and regional analysis, major trends and development, issues and challenges, government regulations and competition benchmarking. The report concludes with market projections for future of the industry including forecasted industry size by revenue.
By Type of Business Activity
By Type of Medical Consumable
By Type of Diagnostic Imaging Product
By Type of Cardiac Device
By Type of Respiratory Products
By Type of Hospital Furniture
By Type of Auxiliary Product
By Type of Dental and Orthopedic Products
Time Period Captured in the Report: -
Key Topics Covered in the Report: -
For More Information on the research report, refer to below link:-
UAE Medical Device Market Growth
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