Other Medical Devices - United Arab Emirates

United Arab Emirates

Highlights

The revenue generated in the Other Medical Devices market market in the United Arab Emirates is projected to reach US$842.50m in 2024.
It is expected to experience an annual growth rate (CAGR 2024-2029) of 8.09%, leading to a market volume of US$1.24bn by 2029.
When compared globally, the United States is anticipated to generate the highest revenue in this market, reaching US$58.90bn in 2024.
The United Arab Emirates is experiencing a rising demand for advanced medical devices in the Other Medical Devices market, driven by the country's focus on healthcare infrastructure development.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Other Medical Devices market in United Arab Emirates is experiencing steady growth in recent years.

Customer preferences: Customers in United Arab Emirates have shown a strong preference for technologically advanced and innovative medical devices. They value products that are efficient, accurate, and easy to use. Additionally, customers prioritize devices that are safe and comply with international quality standards. This preference for high-quality and advanced medical devices is driving the growth of the Other Medical Devices market in United Arab Emirates.

Trends in the market: One of the key trends in the Other Medical Devices market in United Arab Emirates is the increasing demand for home healthcare devices. As the population ages and chronic diseases become more prevalent, there is a growing need for medical devices that can be used in the comfort of one's own home. This trend is driven by the convenience and cost-effectiveness of home healthcare, as well as the desire for patients to have more control over their own healthcare. Another trend in the market is the adoption of digital health technologies. United Arab Emirates has been actively promoting the use of digital health technologies to improve healthcare outcomes and efficiency. This includes the use of telemedicine, remote patient monitoring, and mobile health applications. The integration of digital health technologies with medical devices is creating new opportunities in the market and driving innovation.

Local special circumstances: The United Arab Emirates has a well-developed healthcare infrastructure and a high standard of healthcare delivery. The government has been investing heavily in healthcare infrastructure and promoting medical tourism. This has created a favorable environment for the growth of the Other Medical Devices market. Additionally, the country has a relatively high per capita income and a growing middle class, which has increased the affordability and accessibility of medical devices.

Underlying macroeconomic factors: The United Arab Emirates has a strong economy and a stable political environment, which has attracted foreign investment and facilitated the growth of various industries, including healthcare. The government has implemented policies to promote the development of the healthcare sector and encourage innovation. These factors have contributed to the growth of the Other Medical Devices market in United Arab Emirates. In conclusion, the Other Medical Devices market in United Arab Emirates is experiencing steady growth due to customer preferences for technologically advanced and innovative devices, the increasing demand for home healthcare devices, the adoption of digital health technologies, the favorable local circumstances, and the underlying macroeconomic factors.

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.