The growing stress levels, along with the increasing habitual smoking and drinking is expected to witness the growth of UAE Cardiac Monitoring & Cardiac Rhythm Management Devices market in the forecast period, 2023-2027.
According to TechSci Research report, “UAE Cardiac Monitoring & Cardiac Rhythm Management Devices Market By Region, Competition Forecast & Opportunities, 2027”, the UAE Cardiac Monitoring & Cardiac Rhythm Management Devices market is expected to witness steady growth in 2023-2027. Cardiac monitors represent the devices that monitors the heart’s electrical activity in the form of pressure waveforms. They help in evaluating the continuous and intermittent heart activity, generally through electrocardiography. Cardiac rhythm management devices are placed inside the cardiac walls for smooth and proper functioning of the heart. The rhythm and functionality of the heart are controlled and managed with a cardiac rhythm management device. These devices are widely utilized when the patient has any arrhythmia-related disorders, including cardiac arrests, heart failure, or cardiac arrhythmias. It is commonly inserted near the heart in the chest cavity. The growing incidence of cardiovascular diseases, expanding obese population, along with the elevating geriatric population, are some of the major factors propelling the market growth.
The escalating investments associated with the development of advanced technology and the sedentary lifestyle, especially among the working population are the major growth-inducing factors for the cardiac monitoring and cardiac rhythm management devices market. Also, the inflating incidences of infection will cushion the market growth rate. The increasing funds, investments and grants for research on cardiac monitoring and cardiac rhythm management devices and the launch of innovative products will continue to drive the market growth in the coming years.
However, the limited insurance coverage options, the high cost of cardiac monitoring devices, along with the shifting preferences for drugs over treatment devices, may hinder the growth of the market in the forecast years.
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The UAE Cardiac Monitoring & Cardiac Rhythm Management Devices market is segmented into type, end-user, regional distribution, and competitive landscape.
Based on type, the market is bifurcated into cardiac monitoring devices and cardiac rhythm management device. Cardiac monitoring devices segment dominates the market in forecast years, 2023-2027. Cardiac monitoring devices holds a significant share in the market. The expanding geriatric population has led to the adoption of the ECG devices. The inflating need for these devices among patients with strokes, heart attack, and continuous monitoring of heart rate propels the market growth. Technological upgradation in the ECG monitoring devices and the implementation of advanced technologies and sensors with various features are projected to generate lucrative opportunities for Cardiac Monitoring & Cardiac Rhythm Management Devices market.
Based on end-user, the market is divided into hospitals & clinics, cardiac care centers, ambulatory surgery centers, and others. Hospitals & clinics segment hold the largest share in the market in the forecast period, 2023-2027. The elevating prevalence of cardiovascular diseases, coupled with the expanding number of patient visits to hospitals for diagnosis are promoting the growth of the market. With this, the growing number of cardiac implant procedures, and the availability of reimbursement for these procedures across UAE are augmenting the market growth for cardiac monitoring & cardiac rhythm management devices.
Leading market players operating in the UAE Cardiac Monitoring & Cardiac Rhythm Management Devices market are:
· Abbott Laboratories, S.A.
· Medtronic Meta FZ-LLC
· Boston Scientific Corporation
· GE Healthcare UAE
· Philips Healthcare UAE
· Hill-Rom Middle East
· Nihon Kohden Middle East FZE
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“The elevating levels of urbanization in emerging regions has escalated the incidences of cardiovascular disorders which results into the adoption of cardiac monitoring & cardiac rhythm management devices. The growing adoption of ambulatory and home services among patients suffering from cardiovascular disorders on account of the ease of treatment and cost-effectiveness of services promotes the growth of the market. With this, the shifting preferences among the patients towards the wearable devices and the introduction of minimally invasive technologies are fueling the growth of the market. In addition to this, numerous favourable government regulations, including investments, funds, and grants for research and development activities are anticipated to stimulate the UAE Cardiac Monitoring & Cardiac Rhythm Management Devices market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm”.
“UAE Cardiac Monitoring & Cardiac Rhythm Management Devices Market By Type (Cardiac Monitoring Devices v/s Cardiac Rhythm Management Device), By End User (Hospitals & Clinics, Cardiac Care Centers, Ambulatory Surgery Centers, Others), By Region, Competition Forecast & Opportunities, 2027 has analyzed the future growth potential of UAE Cardiac Monitoring & Cardiac Rhythm Management Devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and assist decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with significant drivers, challenges, and opportunities in UAE Cardiac Monitoring & Cardiac Rhythm Management Devices market.
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