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UAE Healthcare Market Outlook to 2020 - Rising Medical Tourism and High Prevalence of Diabetes to F by Ankur Gupta

Article Author Biography
UAE Healthcare Market Outlook to 2020 - Rising Medical Tourism and High Prevalence of Diabetes to F by
Article Posted: 06/30/2016
Article Views: 189
Articles Written: 1063
Word Count: 1328
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UAE Healthcare Market Outlook to 2020 - Rising Medical Tourism and High Prevalence of Diabetes to F

UAE Healthcare Market Outlook to 2020 – Rising Medical Tourism and High Prevalence of Diabetes to Foster Future Growth” focuses on the medical devices used in the hospital setting, diagnostic laboratories, clinics and polyclinics, pharmaceutical drugs and injectables used for treatment and diagnostic purposes, and services provided by healthcare providers for maintaining healthy population. The report covers aspects such as overall healthcare market by its key segments including medical devices, pharmaceuticals, hospitals, independent diagnostic laboratories, clinics/polyclinics, home healthcare and telemedicine and their sub-segments. UAE healthcare market is one of the fastest growing markets in the world with the growth rate of ~% from 2010 to 2015. The market is also expected to experience high growth during the forecast period and exhibit a CAGR of ~% from 2016 to 2020. Medical Device Market UAE is an import driven market in context to medical devices. The imports of medical devices accounted for a lion share of ~% from the total revenue market in 2015. The market is observed to grow at a rapid pace of ~% by value from 2010 to 2015 owing to the expanding healthcare infrastructure in the country; both the government and private healthcare sector is investing heavily to provide country satisfactory healthcare solutions to the residents, expats, and medical tourists. Diagnostic imaging products were observed to capture the major share of the market (~% in 2015), however medical consumables recorded the highest growth rate of 17.2% in span of six years from 2010 to 2015. UAE being the economically stable country, the healthcare professionals across the nation prefer the branded medical devices from GE Healthcare, Philips Medical Systems, and Siemens Healthineers, providing all of them leading position in the market. The three players together captured around ~% of the total revenue share in 2015. The market is further expected to register a growth of ~% from 2016 to 2020, and reach at a value of USD ~ million in 2020. Orthopedic devices are expected to register the highest growth during the period specifically due to aging population. Pharmaceutical Market Pharmaceuticals market is the UAE similar to medical devices is dependent upon imports of pharmaceutical products. Imports accounted for ~% of the total revenue in 2015 for pharmaceuticals market in the UAE. The total pharmaceuticals market in UAE has exhibited the growth rate of ~% from 2010 to 2015. Patented drugs are observed to be preferred more than generic drugs and have captured the revenue share of ~% in 2015, however generic drugs have experienced high growth rate of ~% from 2010 to 2015 and is estimated to expand at a CAGR of ~% during the forecast period. Julphar is the major domestic player who is manufacturing drugs for the UAE pharmaceuticals market. The company accounted for total of ~% of the domestic manufacturers share in 2015. Among the prescribed and OTC drugs, prescribed drugs accounted for ~% of the share. Patented drugs are majorly imported from the other countries to meet the high demand among the nationals. City Pharmacy was observed to import highest value of drugs in 2015 and accounted for ~% of the total importers share. Pharmacy Retail Market Pharmacy retail is a fast growing market with the growth rate of ~% from 2010 and 2015, and the market revenue of USD ~ million and USD ~ million in the respective years. Elevating demand for pharmaceutical goods, and home use devices the major factor which has led to the growth of the segment. Majority of the pharmacies (~%) are observed to be based in Dubai, generating revenue from tourists and medical tourists. Various organized players such as Life Pharmacy, Bin Sina Pharmacy, Aster Pharmacy, and Super Pharmacy are dominated the market by capturing major share of the market. Hospitals Market Hospitals market in UAE has experienced rapid increase in number of hospitals, number of inpatients and outpatients from 2010 to 2015. Number of hospitals recorded the growth rate of ~%, however, number of inpatients and outpatients increased by ~% and ~% respectively. Rise in number of patients has resulted in revenue generation at a high pace, exhibiting a growth rate of ~%. Private hospital was observed to be major revenue generator with ~% of revenue share in 2015, while public hospitals recorded the growth rate of ~%. The major revenue contributor among private and public hospitals was multispecialty hospitals with market share of ~%. However, the establishment of single-specialty hospitals was on high speed from 2010 to 2015, increasing the revenue at a rate of ~% in the respective years. Multi-specialty hospital group NMC healthcare dominated the market with the revenue share of ~% during this period. Independent Diagnostic Laboratories Market Independent diagnostic laboratories is most recently established market in the UAE with revenue of USD ~ million and growth rate of ~% in span of six years (2010 – 2015). The rising self care attitude among people coupled with increasing prevalence of chronic diseases is the major factor which has led to growth of independent diagnostic laboratories. These laboratories are actively engaged in providing pathology tests, and pathology tests contribute approximately ~% of the total revenue in 2015. Radiology tests generated low share of the market majorly due to presence of limited number of radiology services including X-ray and ultrasound. Organized players including Proficiency Healthcare Diagnostics, National Radiology Laboratory, Al Borg Laboratories and Medsol Laboratories captured major share of the market with revenue share of approximately ~%. Proficiency Healthcare Diagnostics led the market with ~% share. UAE Telemedicine Market Emergence of Abu Dhabi Telemedicine Center in 2013 marked the initiation of core telemedicine services in the UAE. The center has experienced a high growth during this period with revenue of USD ~ million in 2013 and USD ~ million in 2015, and the market is expected to grow at a CAGR of ~% during the forecast period. Prior to this, teleradiology was the only segment which was generating revenue for UAE in telemedicine market. Teleradiology segment has experienced the growth rate of ~% from 2010 to 2015. UAE Home Healthcare Market Home healthcare market is newly established market with large number of unorganized players operating in the market. Americare Home Health Services, Manzil Healthcare Services, and Emirati Canadian Home Healthcare Services are the major among many. The market has exhibited the growth by ~% in between 2010 to 2015 and is expected to experience growth rate of ~% during the forecast period. Aging population and high prevalence of diabetes leading to kidney failures and subsequently increase in demand for home peritoneal dialysis are the major factors which are expected to contribute in the growth of the market. Key Topics Covered in the Report: • The market size of UAE Healthcare Market • Market segmentation of UAE Healthcare market on the basis - By Healthcare Segments – Medical Devices, Pharmaceuticals, Hospitals, Independent Diagnostic Laboratories, Clinics/Polyclinics, Home Healthcare and Telemedicine • The market size of UAE Medical Devices Market • Market segmentation of UAE medical devices market on the basis • The market size of UAE pharmaceuticals Market • Market segmentation of UAE pharmaceuticals market on the basis • The market size of UAE hospitals Market • Market segmentation of UAE hospitals market on the basis • The market size of UAE independent diagnostic laboratories Market • Market segmentation of UAE independent diagnostic laboratories market on the basis • The market size of UAE clinics/polyclinics Market • Market segmentation of UAE clinics/polyclinics market on the basis • The market size of UAE Telemedicine Market • The market size of UAE Home Healthcare Market • The market size of UAE Pharmacy Retail Market • SWOT Analysis of UAE Healthcare Market • Trends and Developments in UAE Healthcare Market • Investment Model of UAR Hospitals Market • Revenue Stream of Independent Diagnostic Laboratories • Purchase Decisions regarding Medical Devices • Competitive landscape and detailed company profiles of the major market players • Government Regulations in UAE Healthcare Market • Future outlook and projections of UAE Healthcare Market • Analyst Recommendations • Macro-economic Factors Impacting the UAE Healthcare Market Source: Contact: Ken Research Ankur Gupta, Head Marketing & Communications +91-9015378249

Related Articles - Government Expenditure Healthcare, Hospital Revenue UAE,

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