Orthopedic Devices - United Arab Emirates

The Orthopedic Devices market market in the United Arab Emirates is anticipated to achieve a revenue of US$283.00m by 2024.
It is projected to exhibit a steady annual growth rate (CAGR 2024-2029) of 8.40%.
This growth is expected to lead to a market volume of US$423.60m by 2029.
In terms of global comparison, the United States is forecasted to generate the highest revenue in the market, amounting to US$16.02bn in 2024.
The demand for advanced orthopedic devices in the United Arab Emirates is rapidly increasing due to the country's growing elderly population and focus on providing high-quality healthcare services.

Definition:
The Orthopedic Devices market contains medical equipment and accessories used to treat orthopedic disorders, including joint reconstruction, spinal devices, trauma fixation devices, arthroscopic devices, etc.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Johnson & Johnson, Zimmer Biomet, Stryker, Medtronic. Further information on the key players can be found in the Market Shares boxes.

Joint reconstruction implants
Spinal devices
Trauma fixation devices
Arthroscopy devices

Orthopedic pharmaceuticals
Orthopedic supplements

The Orthopedic Devices market in United Arab Emirates is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to this positive trend. Customer preferences in the Orthopedic Devices market in United Arab Emirates are shifting towards more advanced and innovative products. Patients are becoming more aware of the benefits of orthopedic devices in improving their quality of life and are seeking out the latest technologies and treatments. This demand for advanced products is driving manufacturers to invest in research and development to meet the evolving needs of the market. One of the key trends in the Orthopedic Devices market in United Arab Emirates is the increasing adoption of minimally invasive procedures. Patients are opting for less invasive surgical techniques that offer faster recovery times, reduced pain, and minimal scarring. This trend is driving the demand for orthopedic devices that are specifically designed for minimally invasive procedures, such as arthroscopy instruments and robotic-assisted surgical systems. Another trend in the market is the growing focus on personalized orthopedic devices. With advancements in technology, it is now possible to create custom-made implants and prosthetics that are tailored to each patient's unique anatomy. This personalized approach not only improves the effectiveness of the devices but also enhances patient satisfaction and outcomes. Manufacturers are investing in technologies like 3D printing and computer-aided design to meet this growing demand for personalized orthopedic devices. The local special circumstances in United Arab Emirates also contribute to the development of the Orthopedic Devices market. The country has a high prevalence of lifestyle diseases, such as obesity and diabetes, which can lead to orthopedic conditions like osteoarthritis and joint pain. This has created a significant patient pool in need of orthopedic treatments and devices. Additionally, the government has been investing in healthcare infrastructure and promoting medical tourism, which has further fueled the demand for orthopedic devices. Underlying macroeconomic factors, such as a growing population and increasing disposable income, are also driving the development of the Orthopedic Devices market in United Arab Emirates. The country has a young and expanding population, which increases the demand for orthopedic devices for both preventive and corrective measures. Furthermore, rising disposable income levels allow individuals to afford expensive orthopedic treatments and devices, boosting market growth. In conclusion, the Orthopedic Devices market in United Arab Emirates is experiencing significant growth and development due to customer preferences for advanced and innovative products, trends towards minimally invasive procedures and personalized devices, local special circumstances, and underlying macroeconomic factors. This positive trend is expected to continue as the market continues to evolve and meet the changing needs of patients in United Arab Emirates.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.