Bolstering Aging Populace is Propelling the Growth of UAE Medical Devices Market

The rising lifestyle-related disease burden, burgeoning government investment towards advance healthcare infrastructure for expansion and upgradation along with surging penetration of health insurance and boost in aging populace are the major factor projected to fuel the growth of UAE Medical Devices market in the forthcoming timeline. Moreover, proliferating chronic and lifestyle disease among individual, introduction of favorable government guidelines for medical devices, and increasing inclination to boost medical tourism are expected to propel in the forecast period.

The turmoil of COVID-19 crisis drives the demand for medical devices such as PPE ventilators and testing kits in the country. However, the emergences of new virus COVID-19 stain virus would propel the demand for medical devices in the country in the near future. 




Based on End-User, Hospital segment is projected to grow at an astronomical rate. The growth of the market is anticipated to burgeoning prevalence of lifestyle-disease such as obesity and diabetes high cost associated with the treatment in hospitals and increasing demand for healthcare and low establishment cost.
 
Dubai is projected to grow at the fastest rate in the UAE Medical Devices market in 2019. The growth of the market is attributed to strong presence of giant market player, subsequent rise in the import of medical devices, increasing demand for innovative and technologically advanced medical devices. Moreover, snowballing government and private healthcare sector spending to provide healthcare solutions, burgeoning prevalence of conventional diseases such as diabetes and obesity, booming geriatric population are fueling the market growth.
    
The key players with a considerable market share in the UAE Medical Devices market are Medtronic Plc, Johnson & Johnson Middle East FZ-LLC, Abbott Laboratories, Becton, Dickinson & Company (BD), B. Braun Medical Gulf FZ-LLC, Siemens Healthineers AG, GE Healthcare, Stryker ESCS BV, Boston Scientific Corp., Fujifilm Middle Eat FZE etc.


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