Dubai New Style

News site from DGN

June 2021
S M T W T F S
 12345
6789101112
13141516171819
20212223242526
27282930  

UAE medical device market to top AED5.6 billion by 2025

UAE medical device market to top AED5.6 billion by 2025

UAE medical device market to top AED5.6 billion by 2025

  • UAE’s medical device market is expected to grow at a compound annual growth rate (CAGR) of 4.4% between 2020-2025
  • Expanding healthcare infrastructure in the UAE key driver for the medical device market
  • Arab Health to showcase the latest unique and innovative medical devices and healthcare solutions through Innov8 talks feature
  • Arab Health to take place live, in-person from 21-24 June 2021 at the Dubai World Trade Centre

Research specialists Fitch Solutions, the content partners of Arab Health 2021, have estimated that the UAE’s medical device market will reach AED5.6 billion by 2025, with an annual compound growth rate (CAGR) of 4.4% from 2020-2025.

According to the Q2 2021 Fitch Solutions United Arab Emirates Medical Device report, the market will benefit from an overall strong economic performance over the next five years. Key market drivers, including population growth, changing epidemiology, a growing medical tourism industry, healthcare infrastructure developments, expanding health insurance, digital transformation, and new technologies, will underpin growth.

The medical device market includes any product used in healthcare for the diagnosis, prevention, monitoring or treatment of illness or handicap, other than drugs such as consumables, diagnostic imaging, dental products, orthopedic & prosthetic products, and patient aids.

Ross Williams, Exhibition Director at Arab Health, said: “Arab Health has for the last 45 years been instrumental in the growth of the medical device sector by providing a platform to connect and do business with the global healthcare industry. In line with the UAE’s increasing budget allocation for the healthcare sector and ongoing healthcare development projects, we expect to play a pivotal role in the continued growth.

“This will be supported by a strong economic recovery post-2021, Dubai’s hosting of the World Expo which will have an encouraging impact of the healthcare sector, as well as urban expansion and the UAE retirements visa.”

As part of the Arab Health 2021 live event, the exciting healthcare star-up competition, Innov8 Talks, returns. A stand will be dedicated to showcasing 32 start-ups and their pitches, each dedicated to improving healthcare with the latest unique and innovative solutions in prevention, management, operations and diagnostics, amongst others.

Innovations include smart inhaler technology for drug delivery in respiratory issues by FindAir; a non-invasive wearable glucometer using laser light by GlucoActive; Angelo, the first hospital bed with artificial intelligence by Valiamo; and prodROBOT by Prodromus, manufacturers and suppliers of high-quality rehabilitation devices aimed at children, with a real-time biofeedback system.

Further underscoring Arab Health’s commitment to supporting innovators within the healthcare sector, a star-up zone has been created and will feature a host of regional and international companies showcasing their latest innovations.

Elsewhere on the show floor, companies including Draeger, Philips, Fujifilm, Honeywell, and Canon, will showcase their latest medical equipment advances.

A series of dedicated online focus days have taken place and will be available until 22 July. These are designed to outline the latest products and technological advancements in the industry through a series of informative sessions covering oncology, imaging and diagnostics, paediatrics, critical care, patient monitoring, endoscopy, wellness, orthopaedics, surgery, consumables, and medical furniture.

Devices including the Aesculap Aeos® by B.Braun, a new Robotic-assisted Digital Surgical Microscope Platform for neurosurgery, or the Fluorescence guided minimally invasive liver surgery by Richard Wolf Gmbh, have been featured.

“We’ve brought together a series of industry heavyweights at the forefront of innovation and technology in the healthcare sector. Now, more than ever, advances in medical devices are going to play a critical role in global recovery post-COVID-19,” added Williams.

Arab Health has been developed under the show theme of ‘United by Business, driving the industry forward, with the live, in-person event expected to welcome 2,000 exhibiting companies and over 24,500 attendees from 170 countries expected during the Live, in-person event.

to improve medical practice and ultimately improve patient outcomes. A total of 12 medical conferences will take place between 21-24 June, nine of which will be Continuing Medical Education (CME) accredited, each allowing participants to network and develop international best practices.

About Arab Health

As part of Informa Markets commitment to provide the highest hygiene levels at all events, the company has launched Informa AllSecure – a 35-point guide to ensuring attendee and staff safety.

Arab Health is the largest healthcare event in the Middle East and is organised by Informa Markets. Established 46 years ago, Arab Health provides a platform for the world’s leading manufacturers, wholesalers and distributors to meet the medical and scientific community in the Middle East and subcontinent.

Arab Health Congress is reputed for delivering the highest quality Continuing Medical Education (CME) Conferences to medical professionals in the region.

Arab Health 2021 will take place from 21-24 June 2021 at the Dubai World Trade Centre, Dubai, United Arab Emirates and in a digital event format from 23 May-22 July 2021.

About Medlab Middle East

As the MENA region’s largest medical laboratory exhibition and congress, Medlab Middle East, which takes place alongside Arab Health, plays a crucial role in developing the value of laboratory medicine in transforming tomorrow’s diagnostics by providing a platform for laboratory industry leaders, including manufacturers, dealers and distributors, to share best practice, showcase new innovations, collaborate and network.

Medlab Middle East stems from 15 years of growth alongside the MENA region’s largest healthcare event, Arab Health. Moving into its 5th year as a stand-alone show, this annual medical laboratory meeting brings together exhibitors and attendees from over 140+ countries.

Medlab Middle East will take place from 21 – 24 June 2021 at the Dubai World Trade Centre, Dubai, UAE. A digital event will occur from 23 May – 22 July 2021.

 476 total views,  4 views today

Related Posts

Read also x