UAE Medical Device Market to Grow at CAGR of Over 11%

The UAE medical device market is forecasted to grow at a CAGR of more than 11% during 2009-2012, says RNCOS.

The Middle Eastern countries tend to devote a high proportion of total health expenditure to medical devices compared to developed countries. This is reflected in medical device spending of the UAE, where expenditure on medical devices as proportion of total healthcare expenditure is considerable higher than the western world.

Having emerged as one of the largest markets in the GCC, the
UAE medical devices market is currently witnessing rapid growth and will grow at a CAGR of more than 11% from 2009 to 2012, says our new research report, ” UAE Healthcare Sector Forecast to 2012″. Our report has done thorough analysis of the healthcare market and describes factors driving growth in the respective market.

Our research, based on current industry developments, suggests that the future growth in the medical devices market will largely depend on two segments: medical aids and monitoring equipment, which are expected to grow at a CAGR of nearly 13% and 12% respectively in the next few years, well above the overall market’s growth.

The report also studies the UAE medical devices market by breaking it into various sub-segments including diagnostic equipments, therapy & rehabilitation equipments and disposables, monitoring equipments, medical aids, etc. Our segment level analysis indicates that market growth has been driven by the increasing demand for monitoring and diagnostic equipments.

“UAE Healthcare Sector Forecast to 2012” comprises of comprehensive research and objective analysis of the UAE healthcare market. It has segmented the healthcare industry into hospital services, pharmaceuticals and medical devices. It provides analytical and statistical information of these segments, including their market size and demand. It also features an analysis of future directions, supplemented with facts and figures. The report also contains information of challenges currently faced by overall UAE healthcare market. Thus, the report serves as a useful guide for healthcare companies, government officials, consultants and investors who are planning to enter the UAE healthcare market.