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UAE Medical Devices Market is expected to Grow at CAGR 6.7% during 2020-2025, generating a revenue of over USD 2 Billion in 2025F: 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.
Key Segments Covered: –
By Type of Business Activity
- Import
- Local Production
By Mode of Selling
- Distributor Mediated
- Direct Sales
By Type of Device
- Medical Consumables
- Diagnostic Imaging Products
- Respiratory Products
- Dental and Orthopedic Products
- Cardiac Device
- Hospital Furniture
- Auxiliary Devices
- Ophthalmic Devices
- Dialysis Machine
- Others
By Type of Medical Consumable
- Indoor surgical Gloves and Masks
- Syringes, Needles and Catheters
- Intravenous Administration Set
- Sutures and catgut
- Infusion Pumps
- Ostomy
- Bandages, Dressings and Others
By Type of Diagnostic Imaging Product
- CT Scan
- X-ray Based Products
- Ultrasound
- MRI
- Electro diagnostic apparatus (Functional Examination)
- ECG
- Others
By Type of Cardiac Device
- Angioplasty Device
- Cardiac Rhythm Management
- ICD
- Implants
- Pacemakers
- Heart-Lung Machines
- Others
By Type of Respiratory Products
- Oxygen Concentrator
- Nebulizers
- Humidifier
- Ventilators
- Airway Pressure devices
- Others
By Type of Hospital Furniture
- Hospital Beds with Mechanical Fittings and Dentists’ Chairs
- Operating Tables
- Examination Tables
- Medical, surgical, dental or veterinary furniture
- Others
By Type of Auxiliary Product
- Hearing Aids
- Artificial body parts (excluding artificial teeth and joints)
- Others
By Type of Dental and Orthopedic Products
- Orthopedic Appliances
- Artificial teeth and dental fittings
- Dental appliances
- Surgical Belts
- Trusses
- Crutches
- Others
By Type of End-Users
- Hospitals
- Clinics
- Labs and Others
By Type of Region
- Dubai
- Abu Dhabi
- Ras Al Khaimah
- Sharjah
- Others
Companies Covered:-
- B. Braun
- Becton Dickinson (BD)
- Boston Scientific
- Canon
- Dräger
- Fresenius Medical Care
- Fujifilm
- GE Healthcare
- Getinge
- Hitachi
- Johnson & Johnson
- Medtronic
- Nihon Kohden
- Philips HealthTech
- Siemens Healthineers
- Smith & Nephew
- Stryker
- Zimmer Biomet
- Cochlear
- Oticon
- Starkey
- Widex
- Hill-Rom Holdings Inc.
- Invacare Corporation
- Paramount Bed Holdings
Key Target Audience:-
- Medical Device Manufacturers
- Medical Device Distributors
- Medical Device Importers
- Research organizations and consulting companies
- Government bodies such as regulating authorities and policy makers
- Market research and Consulting firms
Time Period Captured in the Report: –
- Historical Period – 2015-2020
- Forecast Period –2020-2025F
Key Topics Covered in the Report: –
- Executive Summary
- Overview of UAE Healthcare System
- UAE Medical Device Market Introduction and Overview
- Industry Life Cycle and Value Chain of UAE Medical Device Market
- Key Market Drivers in the UAE Medical Device Market
- Demand & Supply Side Ecosystem, Preferences & Trends across UAE Medical Device Market
- UAE Medical Device Market Size by Revenue
- UAE Medical Device Market by Type of Devices and Sub Segments
- UAE Medical Device Market by End Users
- UAE Medical Device Market by Regions (Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain)
- Competitive Factors and Assessment in UAE Medical Device Market
- Market Trends and Development
- Market Issues and Challenges
- Government Rules and Regulations
- UAE Medical Device Market Future Outlook
- Upcoming Technologies in the Medical Device Market
- Analyst Recommendations
- COVID Impact on UAE Medical Devices Market
- Impact of COVID 19 on UAE Medical Devices Market
- Medical Device Market In The Middle East
- Middle East Medical Devices Market
- United Arab Emirates Medical Devices Market
- UAE Hospital Supplies Market
- Future Of Healthcare In UAE
- Medical Supply Store Dubai
- Healthcare Business In UAE
- United Arab Emirates Medical Devices Report
- UAE Medical Consumables Market
- Johnson & Johnson UAE Medical Devices Market
- Philips HealthTech UAE Medical Devices Market
- UAE Diagnostic Imaging Product Market
- UAE Cardiac Medical Device Market
- UAE Respiratory Medical Device Market
- UAE Hospital Furniture Products Market
- UAE Auxiliary Products Market
- UAE Dental Products Market
- UAE Orthopedic Products Market
- UAE Ophthalmic Devices Market
- UAE Dialysis Machine Market
- Hospitals Medical Devices Market UAE
- UAE Clinics Medical Devices Market
- Abu Dhabi Cochlear Medical Devices Market
- Ajman Stryker Medical Devices Market Share
- Fujairah Medtronic Medical Devices Market Size
- Ras Al Khaimah Medical Devices Market
- Sharjah Hitachi Medical Devices Market
- Umm Al Quwain GE Healthcare Medical Devices Market
- UAE Medical Devices Market Distributors
- Major UAE Medical Devices Companies
- UAE Healthcare System Market Growth
- UAE Medical Device Market Size by Revenue
- Medical Device Manufacturers in UAE
- Medical Device Major Importers in UAE
For More Information on the research report, refer to below link:-
UAE Medical Device Market Growth
Related Reports by Ken Research: –
The Philippines Market Device Industry was valued at PHP ~ million in 2015 and registered a positive growth during the review period of 2015-2020 reaching to a value of PHP ~ in 2020. The market is currently in Growth Stage, with an increase in number of hospitals, high prevalence of chronic diseases, rising instances of heart and kidney failures, expanding elderly population, awareness towards health checkups, incoming of medical tourism and onset of COVID-19 pandemic as some of the key drivers for the market. Medical Device Industry in the Philippines is currently import oriented, especially for highly technological machineries such as Diagnostic Imaging, Cardiac Devices, Respiratory products and others. Current demand reflects healthcare requirements for growing incidence of hypertension, diabetes/kidney diseases, TB/respiratory ailments, cancer, and some incidence of HIV/AIDS.
Brazil medical device market grew at a single-digit growth rate over the review period 2013-2018. The market growth was supported by an increase in public healthcare expenditure, growth in healthcare infrastructure in the country and a rise in the elderly population. The market was observed to be in the growth stage and will continue to remain so in the coming years. The demand for low-cost devices and cheap cost per test along with a change in decision making authority from doctors to hospital administration has significantly affected the growth in the market and has changed the procurement landscape in the industry.
India Medical Device market grew at a double-digit growth rate over the review period FY’2013-FY’2018. The market growth was supported by increase in public healthcare expenditure, growth in healthcare infrastructure in the country by expansion in established hospitals and increase in number of hospitals and rise in elderly population. The market was observed in growth stage and will continue to remain so in the forecasted period, FY’2018-FY’2023. The demand for personalized patient care and change in decision making authority from doctors to hospital administration has significantly affected the growth in the market.
As deaths due to drug overdose have been increasing, a number of countries are introducing strict laws with respect to drug consumption; this has given a push to the market of drug abuse testing devices. Initially, traditional samples such as urine and oral fluid were used the most, however, with time there has been a shift towards more convenient samples such as hair and fingerprint devices which use sweat as its sample to detect the drugs that an individual has consumed. As more workplaces and schools are introducing random drug testing practices, the demand for drug abuse testing devices has been constantly increasing.
The growth in Asia Pacific orthopedic market has been driven by the increase in the proportion of geriatric population in the Asian regions, especially in China and Japan. The growth in artificial joints market is majorly due to the increasing number of osteoporoses cases that has been the major growth driver. Physicians have been the major influencer for most of the companies and have been driving major imported brands in most of the regions except China. Increased focus on R&D by domestic players has forced the MNCs to innovate new products for the Asian market.
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Artificial Intelligence
Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors
BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.
The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development.
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference.
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-e-chinas-changzhou-city-unveils-investment-opportunities-in-sectors-of-new-productive-forces-for-global-investors-302261868.html
Artificial Intelligence
CGTN: China honors individuals with highest awards in celebration of 75th National Day
BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.
The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.
The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
Photo – https://mma.prnewswire.com/media/2518470/image_5022684_18905906.jpg Photo – https://mma.prnewswire.com/media/2518471/1.jpg
View original content:https://www.prnewswire.co.uk/news-releases/kazakhstan-government-delegation-visited-supcon-302261857.html
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