UAE is Generating Revenue for Healthcare Devices, Products and Service Providers: Ken Research

High Prevalence of Diabetes and Obesity in the UAE is Generating Revenue for Healthcare Devices, Products and Service Providers: Ken Research

•Future Growth UAE Healthcare market is expected to be led by sedentary lifestyle of the people resulting in high prevalence of diabetes and obesity, aging population, and rising medical tourism in the country.

•Medical devices and pharmaceuticals market is majorly import driven and is dependent on international manufacturers such as GE Healthcare, Philips Medical Systems, Siemens Healthineers, Pfizer, GlaxoSmithKline, Sanofi, and Astra Zeneca

•The hospitals market is dominated by private players such as NMC Healthcare, Mediclinic Middle East, Cleveland Clinic, Aster DM Healthcare, and VPS Group. Major private healthcare groups are operating in collaboration with the international players.

Ken Research announced its latest publication on “UAE Healthcare Market Outlook to 2020 – Rising Medical Tourism and High Prevalence of Diabetes to Foster Future Growth” provides a comprehensive analysis of the healthcare market in the UAE. The report focuses on the medical devices used in the hospital setting, diagnostic laboratories, clinics and polyclinics, pharmaceutical drugs and injectables used for treatment and diagnostic purposes, and services provided by healthcare providers for maintaining healthy population. The report covers aspects such as overall healthcare market by its key segments including medical devices, pharmaceuticals, hospitals, independent diagnostic laboratories, clinics/polyclinics, home healthcare and telemedicine and their sub-segments. The study also includes market analysis for retail pharmacies in the UAE.

The publication also includes the competitive landscape in each section, which discusses the major market players in every segment along with the detailed discussion about the organization. Investment model of the hospitals and revenue stream of independent diagnostic laboratories is also explained in detail with information about total revenue which could be generated from healthcare services. The future analysis of overall UAE Healthcare has also been discussed along with recommendations from analyst view. The report also includes important information about scenario of UAE Healthcare including information about health insurance in UAE, regulatory bodies governing healthcare policies in the UAE, regulations which impact healthcare market and procedure to import healthcare medical devices and pharmaceuticals in the UAE.

Retail pharmacy market in the UAE has observed a magnificent growth over the past decade with rising demand for home healthcare devices and OTC drugs. High incident rate of chronic diseases in the country has increased the self caring attitude among the UAE population, which has resulted in increased sales of retail pharmacy and OTC drugs boosting the overall UAE retail pharmacy market. It has been observed that the retail pharmacy market in the UAE has recorded growth from USD ~ million in CY2010 to USD ~million in CY2015 at a CAGR of ~%.
Telemedicine being the future of the healthcare has been given high importance during the study. The market for telemedicine is valued at USD ~million in CY2010, and is observed to exhibit a CAGR of ~% from 2010 to 2020, to reach at a value of USD ~million during 2020. Abu Dhabi Telemedicine Center is observed to be the only telemedicine center located in the UAE catering around 1.2 million patients a year. This telemedicine center provides services to only members of Daman, the national health insurance provider, to its Thiqa and Enhanced card holders only. In addition to telemedicine center, various teleradiology centers are also operating in the market which transfers images of radiology tests from one place to another and are used for taking second opinions. According to the research report, the UAE healthcare market will grow at a considerable CAGR rate thus reaching USD 20 billion by 2020.

“In order to penetrate into the growing healthcare market of the UAE, the medical devices and pharmaceutical products manufacturers could plan to establish their manufacturing units in the country. The UAE is currently import driven market and the manufacturing unit would decrease the total cost of medical devices and pharmaceutical products. Moreover, awareness about the company and customer loyalty would also increase the demand for products, according to the Research Analyst, Ken Research.

Key Topics Covered in the Report:

•The market size of UAE Healthcare Market by Revenue
•Market segmentation of UAE Healthcare market on the basis
•By Healthcare Segments – Medical Devices, Pharmaceuticals, Hospitals, Independent Diagnostic Laboratories, Clinics/Polyclinics, Home Healthcare and Telemedicine
•The market size of UAE Medical Devices Market by Revenue
•Market segmentation of UAE medical devices market on the basis
•By Type of Application – Diagnostic Imaging Products, Medical Consumables, Dental Products, Assistive Devices, Orthopedic and Implants, and Others
•By Institutional and Household Demand
•By Domestic Demand and Imports
•By Emirates – Abu Dhabi, Dubai, Sharjah, Ras Al Khaimah, Ajman, Fujairah, and Umm Al Quwain
•The market size of UAE pharmaceuticals Market by Revenue
•Market segmentation of UAE pharmaceuticals market on the basis
•By Therapeutic Area – Diabetes, Cardiovascular, Anti-infectives, Respiratory, Supplements and Nutritional Products, and Others
•By Generic and Patented Drugs
•By OTC and Prescribed Drugs
•By Emirates – Abu Dhabi, Dubai, Sharjah, and Others
•The market size of UAE hospitals Market
•By Revenues
•By Number of Hospitals
•by Number of Beds
•By Number of Inpatients
•By Number of Outpatients
•Market segmentation of UAE hospitals market on the basis
•By Public and Private Hospitals
•By Different Services – Inpatient and Outpatient Services, and Hospital-based Pharmacy
•By Single and Multi-specialty Hospitals
•By Emirates – Abu Dhabi, Dubai, Sharjah, Ras Al Khaimah, Ajman, Fujairah, and Umm Al Quwain
•The market size of UAE independent diagnostic laboratories Market
•By Revenues
•By Number of Independent Diagnostic Laboratories
•Market segmentation of UAE independent diagnostic laboratories market on the basis
•By Radiology and Pathology Tests
•By Organized and Unorganized Players
•By Emirates – Abu Dhabi, Dubai, Sharjah, and Others
•The market size of UAE clinics/polyclinics Market
•By Revenues
•By Number of Clinics/Polyclinics
•Market segmentation of UAE clinics/polyclinics market on the basis
•By Clinics and Polyclinics
•By Public Clinics/Polyclinics and Private Clinics/Polyclinics
•By Outpatient and Diagnostic Services
•By Emirates – Abu Dhabi, Dubai, Sharjah, and Others
•The market size of UAE Telemedicine Market by Revenue
•The market size of UAE Home Healthcare Market by Revenue
•The market size of UAE Pharmacy Retail Market
•SWOT Analysis of UAE Healthcare Market
•Trends and Developments in UAE Healthcare Market
•Investment Model of UAR Hospitals Market
•Revenue Stream of Independent Diagnostic Laboratories
•Purchase Decisions regarding Medical Devices
•Competitive landscape and detailed company profiles of the major market players
•Government Regulations in UAE Healthcare Market
•Future outlook and projections of UAE Healthcare Market