BMI View: The United Arab Emirates will remain an attractive market and regional hub . Population growth, a changing epidemiological profile, a growing medic al tourism industry, healthcare infrastructure developments, an expan ding health insurance, high health expenditure, digital transformation and new technologies will be key market drivers. With rising healthcare costs and a period of lower oil prices, the government will increase private sector participation to stave off the erosion of state revenues.
|Total (USDmn)||Per Capita (USD)||Total (Local Currency mn)||Per Capita (Local Currency)||Exchange Rate (Local Currency/USD)|
Latest Updates And Key Forecasts
We have revised slightly downwards our forecasts and now project the market will register a 2015-2020 CAGR of 8.2%, down from a 2010-2015 CAGR of 11.2%. The UAE will record slower but sustainable economic growth over the next five to ten years, in a context of lower oil prices, which will slow down medical device consumption over the forecast period.
Due to little domestic production, the market will continue to rely heavily on moderate import performance. Imports performed unevenly over the 2005-2015 period, with double-digit rises in all years except a single-digit rise in 2008, and contractions in 2009, 2013 and 2015. Imports fell by 0.5% to AED3.7bn (USD1.0bn) in 2015, but recorded a 2010-2015 CAGR of 10.5%.
The UAE will remain a regional location for re-exports, despite negative export performance hindered by a strong dirham pegged to the dollar. Export performance was uneven but largely negative over the 2005-2015 period. Exports fell by 61.2% to AED417.7mn (USD113.7mn) in 2015, and recorded a 2010-2015 CAGR of -13.0%.
A 3D printing strategy for medical devices, led by Dubai 3D Printing Strategy, will potentially position Dubai as a manufacturing hub of 3D printed medical devices by 2030. Although still at its infancy, the strategy will need internal and external investment to become a reality at the International Centre of 3D Printing, launched at Dubai Industrial City in May 2016.
The United Arab Emirates Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.
Detailed product breakdown for market, trade and production data in United Arab Emirates provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the United Arab Emirates Medical Devices industry.
- Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for United Arab Emirates, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in United Arab Emirates.
- Target Business Opportunities in the United Arab Emirates Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in United Arab Emirates.
- Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.
BMI Industry View
Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.
SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.
Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.
Presents macroeconomic forecasts impacting the medical devices market.
Industry Risk Reward Index
Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.
Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.
Industry Trends & Developments
Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.
A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.
Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.
Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.