UAE Cardiovascular Devices Market is anticipated to be dominated by Cardiac Arrythmia.
According to TechSci Research report on, “UAE Cardiovascular Devices Market – By Region, Competition Forecast & Opportunities, 2027”, the UAE cardiovascular devices market may flourish with an impressive CAGR during the forecast period of 2023-2027, on the backbone of increasing instances of heart diseases. Increasing number of geriatric populations in the country is actively driving the growth of the UAE cardiovascular devices market in the upcoming five years. The geriatric population is highly susceptible to heart diseases like coronary heart disease, congenital heart disease, deep vein thrombosis, etc. and with weak immune system their capability to recover also diminishes thereby creating surge in the demands for monitoring cardiovascular devices and driving the growth of the UAE cardiovascular devices market. Surging instances of the cardiovascular diseases and increasing demands for the early diagnosis along with the surgical demands and further supporting the growth of the UAE cardiovascular devices market in the next five years. Moreover, increasing instances of lifestyle diseases like obesity, blood pressure, etc. are also responsible for increasing the risks of cardiovascular diseases.
UAE is among one of the GCC countries highly booming with increasing number of patients suffering from diabetes. Patients suffering from diabetes and obesity are further at high risk of cardiovascular diseases that may further drive the growth of the UAE cardiovascular devices market in the future five years. Increasing demand for the early diagnosis and effective treatment, coupled with increasing investment also substantiate the growth of the UAE cardiovascular devices market in the forecast years through 2027. Growing expenses through the rising disposable income and tendencies of the consumer to spend lavishly over healthcare services coupled with increasing investments from the government is expected to further aid the growth of the UAE cardiovascular devices market in the forecast period.
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The UAE cardiovascular devices market is segmented by type, application, end user, source, competitional landscape, and regional distribution. Based on type, the market is differentiated between diagnostic & monitoring devices and surgical devices. Diagnostic & monitoring devices include ECG, Holter monitors, implantable loop recorders, event monitors, and others. Diagnostics & monitoring devices are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of increasing demand for the early & effective diagnosis of the cardiovascular diseases. The severity of the cardiovascular disease also creates the increase in demand for monitoring devices from the patients suffering from heart disease, diabetes, high-blood pressure conditions, to keep regular checks on the conditions and consult experts in case of any changes thus supporting the growth of the UAE cardiovascular devices market in the next five years. Surgical devices include pacemakers, defibrillators, stents, valves, and other. Surgical devices are also anticipated to hold significant growth revenue shares of the market due to increasing cardiovascular surgeries. Also, demand for the minimally invasive or non-invasive surgical devices are further supporting the growth of the sub-segment along with the growth of the UAE cardiovascular devices market in the future five years.
By application, the market is fragmented into coronary artery disease, cardiac arrhythmia, heart failure, and others. Based on end user, the market is bifurcated into hospitals & clinics, diagnostic centers, and others. By source, the market is divided between domestic and imports.
A partial list of major market players of the UAE cardiovascular devices market includes:
- Medtronic Meta FZ-LLC
- Abbott Laboratories S.A.
- Terumo UAE
- Philips Healthcare UAE
- Life Companion
- Vasmed UAE
- Life Mate Medical Equipment Trading LLC
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“Increasing instances of cardiovascular diseases and increasing mortality rate due to these diseases are primary factors responsible for the growing demands for the cardiovascular devices and thus the growth of the market. Increasing numbers of healthcare infrastructure and demands for the advanced medical devices to support the growing market are further aiding the industry. Increasing investments in the industry also facilitates the growth of the hospitals and clinics along with the imports of the medical devices from the neighboring countries and global players. The government is further stipulating the collaborations of global players and the local manufacturers to decrease the imports and promote local manufactured products that would further aid the industrial growth in the country,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“UAE Cardiovascular Devices Market By Type (Diagnostic & Monitoring Devices {ECG, Holter Monitors, Implantable Loop Recorders, Event Monitors, Others} v/s Surgical Devices {Pacemakers, Defibrillators, Stents, Valves, Other}), By Application (Coronary Artery Disease, Cardiac Arrhythmia, Heart Failure, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Source (Domestic v/s Import), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of UAE cardiovascular devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in UAE cardiovascular devices market.
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