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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
Market Report I 2023-02-01 I 73 Pages I TechSci Research
UAE cardiovascular devices market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027, on the account of increasing instances of cardiovascular diseases. The increasing mortality rate due to cardiovascular diseases is also driving the growth of the UAE cardiovascular devices market in the upcoming five years. A surge in the demand for early diagnosis and regular monitoring of the disease further supports the growth of the UAE cardiovascular devices market in the next five years.
Cardiovascular diseases are severe heart conditions where the disease infects blood vessels, structural problems, and blood clots. The different types of cardiovascular diseases include coronary heart disease, cerebrovascular disease, peripheral arterial disease, rheumatic heart disease, congenital heart disease, deep vein thrombosis, and pulmonary embolism, among others. Heart attacks and strokes are usually severe symptoms of cardiovascular disease. Blockage in the heart vessels causes these symptoms when the passageway between the heart and brain is blocked. In most cases, excessive accumulation of fat deposits, and higher cholesterol levels lead to heart blockage. Cardiovascular devices are utilized to diagnose, analyze, and treat these conditions. After the surgical procedures, various monitoring devices are also used to keep a regular check on the conditions of the patients.
Increasing Lifestyle Disease Instances Drive Market Growth
Rapidly increasing instances of lifestyle diseases like obesity, diabetes, high blood pressure, etc. are major causes of the increasing cardiovascular diseases and thereby drive the growth of the UAE cardiovascular devices market in the upcoming five years. The female population is highly prone to obesity than the male population. Obesity changes among the population and its severity increase with age. Lack of physical activities in daily life, more inclination toward poor eating habits, and alcohol consumption add to obesity as well as increasing chances of contracting cardiovascular diseases, thereby driving the growth of the UAE cardiovascular devices market in the next five years.
Increasing Mortality Drives Market Growth
The increasing mortality rate in the country is also aiding the growth of the market. Cardiovascular diseases are responsible for 40% of the deaths in the country as per the records from 2020. The instances of cardiovascular are rapidly increasing. The geriatric population suffering from heart diseases, heart attacks, strokes, etc. further facilitates the growth of the UAE cardiovascular devices market in the future five years.
Increasing investment also plays a major role in market growth. Increasing imports of medical devices require higher investments and thus aid the growth of the UAE cardiovascular devices market in the next five years. The growing development of the healthcare infrastructure also substantiates the growth of the UAE cardiovascular devices market in the upcoming five years.
Market Segmentation
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. Surgical devices include pacemakers, defibrillators, stents, valves, and others. By application, the market is fragmented into coronary artery disease, cardiac arrhythmia, heart failure, and others. Based on end users, the market is bifurcated into hospitals & clinics, diagnostic centers, and others. By source, the market is divided between domestic and imports. The market analysis also studies the regional segmentation to devise regional market segmentation, dividing Abu Dhabi, Sharjah, Dubai, and the rest of UAE.
Company Profile
Medtronic Meta FZ-LLC, Abbott Laboratories S.A., Terumo UAE, Philips Healthcare UAE, Life Companion, Vasmed UAE, and Life Mate Medical Equipment Trading LLC, among others is a partial list of major market players of the companies responsible for the growth of UAE cardiovascular devices market.
Report Scope:
In this report, UAE Cardiovascular devices market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- UAE Cardiovascular Devices Market, By Type:
o Diagnostic & Monitoring Devices
- ECG
- Holter Monitors
- Implantable Loop Recorders
- Event Monitors
- Others
o Surgical Devices
- Pacemakers
- Defibrillators
- Stents
- Valves
- Other
- UAE Cardiovascular Devices Market, By Application:
o Coronary Artery Disease
o Cardiac Arrhythmia
o Heart Failure
o Others
- UAE Cardiovascular Devices Market, By End User:
o Hospitals & Clinics
o Diagnostic Centers
o Others
- UAE Cardiovascular Devices Market, By Source:
o Domestic
o Import
- UAE Cardiovascular Devices Market, By Region:
o Abu Dhabi
o Dubai
o Sharjah
o Rest of UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in UAE cardiovascular devices market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on UAE Cardiovascular Devices Market
4. Executive Summary
5. Voice of Customer
6. UAE Cardiovascular Devices Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type (Diagnostic & Monitoring Devices v/s Surgical Devices)
6.2.2. By Application (Coronary Artery Disease, Cardiac Arrhythmia, Heart Failure, Others)
6.2.3. By End User (Hospitals & Clinics, Diagnostic Centers, Others)
6.2.4. By Source (Domestic v/s Import)
6.2.5. By Region
6.2.6. By Company (2021)
6.3. Product Market Map
7. UAE Diagnostic & Monitoring Cardiovascular Devices Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Type (ECG, Holter Monitors, Implantable Loop Recorders, Event Monitors, Others)
7.2.2. By End User
8. UAE Surgical Cardiovascular Devices Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Type (Pacemakers, Defibrillators, Stents, Valves, Other)
8.2.2. By End User
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends & Developments
11. Policy & Regulatory Landscape
12. Import-Export Analysis
13. Pricing Analysis
14. UAE Economic Profile
15. Competitive Landscape
15.1. Medtronic Meta FZ-LLC
15.2. Abbott Laboratories S.A.
15.3. Terumo UAE
15.4. Philips Healthcare UAE
15.5. Life Companion
15.6. Vasmed UAE
15.7. Life Mate Medical Equipment Trading LLC
16. Strategic Recommendations
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