Rise in Cardiovascular and Infectious diseases have given a major push to high precision and portable diagnostic devices eventually driving the consumable and outright sales of Laboratory Equipment in UAE: Ken Research
- Installations of Diagnostic Devices (BGA, POC IAA and TCM) in UAE is expected to grow as demand for new and innovative products is rising in place of conventional centralized systems.
- High disease prevalence and demand for specific diagnosis is expected to drive the demand further with the introduction of technologically advanced equipment in the country.
GURUGRAM, India, Feb. 8, 2022 /PRNewswire/ --
UAE's Expanding Healthcare Infrastructure: UAE's growing healthcare infrastructure is boosting the Diagnostic Devices (BGA, POC IAA and TCM) Market in UAE. The Government of UAE has allotted ~AED 4.8 Bn as the Healthcare budget in 2020. Along with it, the growing privatization in the healthcare sector will boost the demand for Diagnostic Devices (BGA, POC IAA and TCM) in the country. UAE's growing healthcare infrastructure has been attracting major players from around the world to meet the growing demand for Diagnostic Devices (BGA, POC Immunoassay Analyzer and TCM) equipment in the country. Apart from the European and American manufacturers many Chinese and Korean manufacturers are also targeting the high potential UAE Diagnostic device market.
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Increased focus on Innovation: As market awareness increases, the Diagnostic Devices (BGA, POC IAA and TCM) manufacturers are focusing more on product innovation and addition of latest technologies. IoT integration, resizing the device, adding multiple testing parameters is helping address challenges in UAE's Healthcare facilities including hospitals and independent labs especially in the government sector. Technological solutions, such as Health IT solutions, mobile and portable systems, increased service offerings are solving the major challenges for medical industry in the country.
Installed base for the Diagnostic Devices (BGA, POC Immunoassay Analyzer and TCM) to Rise: Diagnostic Devices (BGA, POC Immunoassay Analyzer and TCM) market in UAE is an import driven market as the country imports majority of the Diagnostic Devices (BGA, POC Immunoassay Analyzer and TCM) from the European manufacturing countries. POC devices have largely captured the current installed base in blood gas analyzer market while POC Immunoassay and TCM devices are in the process of creating a higher demand by hospitals and independent labs in UAE.
The report titled "UAE Blood Gas Analyzer, POC Immunoassay Analyzer and Transcutaneous Monitors Market Outlook to 2025 – Rising demand for quality healthcare and increasing healthcare privatization will help the diagnostic medical device market to grow in UAE" by Ken Research suggested that the Diagnostic Devices (BGA, POC Immunoassay Analyzer and TCM) market is expected to grow at a single digit positive CAGR. Increased quality of healthcare and high disease prevalence is driving the market in UAE. The Diagnostic Devices (BGA, POC Immunoassay Analyzer and TCM) revenue in UAE is expected to grow over the next few years owing to the high demand for digital products in the country.
Key Segments Covered:-
Blood Gas Analyzer
- By Installed Base
- By Revenue
- By Type of Product
- By Type of Demand
- By type of Entity
- By Type of Workload
- By Type of Device
- By type of Sales Mode
- By End User
- By Region
POC Immunoassay Analyzer
- By Installed Base
- By Revenue
- By Type of Product
- By Type of Demand
- By type of Entity
- By type of Sales Mode
- By End User
- By Region
Transcutaneous Monitors
- By Installed Base
- By Type of Product
- By End User
- By Hospital Sector
- By Region
Key Target Audience:-
- Healthcare Industry
- Medical Device Manufacturing Companies
- Medical Device Distributors
- Hospitals
- Multi-specialty and Super Specialty Clinics
- Diagnostic Centers
- Sleep Labs Centers
- Home Healthcare Centers
Time Period Captured in the Report:-
- Base Year: 2020
- Forecast Period: 2021F–2025F
Companies Covered:-
Equipments Manufacturers
- Roche Diagnostics
- Abbott
- Siemens
- Nova Biomedical
- Radiometer
- Techno Medica
- Wondfo
- Osang Healthcare
- i-Sens
- Opti Medical
- Werfen
- Sysmex
- LSI Medicine and Others
Key Topics Covered in the Report:-
- UAE Diagnostic Device (BGA, POC IAA and TCM) Introduction
- Market Ecosystem
- Value chain Analysis
- Detailed Analysis on Blood Gas Analyzer Market in UAE (Market Size, 2020; Market Segmentation; Market Shares; Product Comparison; Competition; Future Market Size, 2025; Future Trends and Technologies)
- Detailed Analysis on Immunoassay Analyzer Market in UAE (Market Size, 2020; Market Segmentation; Market Shares; Product Comparison; Competition; Future Market Size, 2025; Future Trends and Technologies)
- Detailed Analysis on Transcutaneous Monitors Market in UAE (Market Size, 2020; Market Segmentation; Market Shares; Product Comparison; Competition; Future Market Size, 2025; Future Trends and Technologies)
- Major Challenges in UAE Diagnostic Device (BGA, POC IAA and TCM) Market
- Business Opportunity (Customer Analysis, Major upcoming Healthcare Projects in UAE)
- Recommendations (Sales and Marketing Strategies, Positioning Strategies, Business Framework)
For more information on the research report, refer to below link:-
UAE Blood Gas, Immunoassay Analyzer and Transcutaneous Monitoring Market
Related Reports:-
UAE is the fourth largest medical device market in the Middle East and Africa region, growing @8.7% CAGR in 2015-2020. It is a highly price sensitive and import dependent market with advanced medical devices imported from countries such as US, Germany, Japan and China and local production limited to prototype units, spare parts and disposables such as surgical gloves, syringes, and needles. UAE's increasing budget allocation for the healthcare sector and ongoing healthcare development projects has played a pivotal role in the continued growth.
Egypt Diagnostic Device (Blood Gas Analyzer, POC Immunoassay Analyzer and Transcutaneous Monitors) market will be growing at a steady growth rate over the period of 5 years, 2020-2025 and is supported by increased testing due to high disease prevalence in the country and the demand for such devices by healthcare facilities as they are shifting towards POC Devices. Increasing healthcare infrastructure is also going to generate demand for such products in Egypt.
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.
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.
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