High Prevalence of Diabetes and Obesity in the UAE is Generating Revenue for Healthcare Devices, Products and Service Providers: Ken Research

New Delhi, July 04, 2016: Ken Research announced its latest publication on “UAE Healthcare Market Outlook to 2020 – Rising Medical Tourism and High Prevalence of Diabetes to Foster Future Growth”provides a comprehensive analysis of the healthcare market in the UAE. The report 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. The study also includes market analysis for retail pharmacies in the UAE. The publication also includes the competitive landscape in each section, which discusses the major market players in every segment along with the detailed discussion about the organization. Investment model of the hospitals and revenue stream of independent diagnostic laboratories is also explained in detail with information about total revenue which could be generated from healthcare services. The future analysis of overall UAE Healthcare has also been discussed along with recommendations from analyst view. The report also includes important information about scenario of UAE Healthcare including information about health insurance in UAE, regulatory bodies governing healthcare policies in the UAE, regulations which impact healthcare market and procedure to import healthcare medical devices and pharmaceuticals in the UAE.

Retail pharmacy market in the UAE has observed a magnificent growth over the past decade with rising demand for home healthcare devices and OTC drugs. High incident rate of chronic diseases in the country has increased the self caring attitude among the UAE population, which has resulted in increased sales of retail pharmacy and OTC drugs boosting the overall UAE retail pharmacy market. It has been observed that the retail pharmacy market in the UAE has recorded growth from USD ~ million in CY2010 to USD ~million in CY2015 at a CAGR of ~%.

Telemedicine being the future of the healthcare has been given high importance during the study. The market for telemedicine is valued at USD ~million in CY2010, and is observed to exhibit a CAGR of ~% from 2010 to 2020, to reach at a value of USD ~million during 2020. Abu Dhabi Telemedicine Center is observed to be the only telemedicine center located in the UAE catering around 1.2 million patients a year. This telemedicine center provides services to only members of Daman, the national health insurance provider, to its Thiqa and Enhanced card holders only. In addition to telemedicine center, various teleradiology centers are also operating in the market which transfers images of radiology tests from one place to another and are used for taking second opinions. According to the research report, the UAE healthcare market will grow at a considerable CAGR rate thus reaching USD 20 billion by 2020.

“In order to penetrate into the growing healthcare market of the UAE, the medical devices and pharmaceutical products manufacturers could plan to establish their manufacturing units in the country. The UAE is currently import driven market and the manufacturing unit would decrease the total cost of medical devices and pharmaceutical products. Moreover, awareness about the company and customer loyalty would also increase the demand for products, according to the Research Analyst, Ken Research.

Corporate Comm India (CCI Newswire)