BMI View: The United Arab Emirates will remain an attractive market and an important regional hub. Population growth, a changing epidemiological profile, a growing medic al tourism industry, healthcare infrastructure developments, an expan ding health insurance and high health expenditure 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 maintain that the market will register a 2014-2019 CAGR of 9.3%, which will take the value to AED5.3bn (USD1.4bn). The UAE will record slower but sustainable economic growth over the next five to ten years, in a context of lower oil prices. This will have an impact on medical device consumption, which will slow down between 2016 and 2019, following resilient growth in 2015.
The market will continue to rely heavily on imports, some of which will be re-exported. Import performance will be uneven, but the UAE will remain a leading regional hub. Any potential policy change on Gulf currencies, strained by low oil prices, will affect import performance. Using collated monthly mirror trade data, imports rose by 5.1% to USD1.0bn in the 12 months to August 2015.
Export performance will remain negative, but the UAE will remain a regional location for re-exports. Using collated monthly mirror trade data, exports decreased by 11.3% to USD82.9mn in the 12 months to August 2015.
GE Healthcare's partnership with the Ministry of Health signals the privatisation of the public healthcare sector in the country, and delivers healthcare digitisation. We expect further government initiatives to increase the participation of the private healthcare sector, and transform the healthcare sector into one of increased efficiency and connectivity.
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.
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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.