UAE Wearable Medical Devices Market to be Dominated by Activity Monitors/Trackers till 2027
Growing awareness among consumers regarding health & fitness and emergence of online sales channel are expected to drive the demand of UAE Wearable Medical Devices Market in the forecast period, 2023-2027.
According to TechSci Research report, “UAE Wearable Medical Devices Market By Type (Diagnostics v/s Therapeutic), By Products (Activity Monitors/Trackers, Smartwatches, Patches, Smart Clothing), By Purpose (Heart Rate, Physical Activities, Blood Oxygen Saturation, Body Temperature, Others), By Site (Strap/Clip/Bracelet, Handheld, Headband, Shoe Sensors, Others), By Application (General Health & Fitness, Remote Patient Monitoring, Home Healthcare), By Distribution Channel (Pharmacies, E-Commerce, Others), By Region, Competition Forecast & Opportunities, 2027”, the UAE wearable medical devices market is expected to register a steady CAGR in the forecast period, 2023-2027.
Growing awareness about the benefits of adopting preventive healthcare measures Wireless medical devices are in high demand as they facilitate wireless data transmission, provide real-time updates and feedback, and have time sensing abilities. Increasing the occurrence of lifestyle-related diseases requires continuous monitoring of several physiological parameters for early treatment.
However, data security and privacy concerns and growing demand for miniaturized medical devices with long battery life may restrain the UAE wearable medical devices market in the forecast period.
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The UAE wearable medical devices market is segmented into type, products, purpose, site, application, distribution channel, regional distribution, and company.
Based on type, the market is divided into diagnostics and therapeutics. Diagnostics type is expected to capture the largest market share in the forecast period due to the availability of many diagnostics devices in the market and the increasing incidence of chronic diseases in the country.
Based on products, the market is divided into activity monitors/trackers, smartwatches, patches, and smart clothing. Activity monitors/trackers accounted for the largest market share in the forecast period. The growing number of smartphone-based healthcare devices and high internet penetration is expected to bolster the demand for activity monitors/trackers in the forecast period.
Based on purpose, the market is divided into heart rate, physical activities, blood oxygen saturation, body temperature, others. Heart rate is projected to lead the market share by 2027 owing to an increase in the prevalence of cardiovascular diseases among patients.
Based on site, the market is divided into strap/clip/bracelet, handheld, headband, shoe sensors, and others. Strap/clip/bracelet is expected to account for significant market share in the forecast period due to increased adoption by the old-age population of the country.
Smart devices enable monitoring of several parameters such as pulse rate, respiratory rate, and mobility equipped with Bluetooth and cloud connectivity, which is accelerating the growth of the UAE wearable medical device market.
Based on application, the market is divided into general health & fitness, remote patient monitoring, home healthcare. The general health & fitness segment is expected to account for significant market share in the forecast period owing to growing health-consciousness among consumers. Due to the adoption of a sedentary lifestyle and unhealthy eating habits by consumers occurrence of obesity is rising among consumers.
Based on the distribution channel, the market is divided into pharmacies, e-commerce, and others. Pharmacies are expected to hold the largest market share in the forecast period due to the high prevalence of diabetes, cardiovascular diseases, and obesity, bolstering the sales of accurate medical devices all over the country.
Major market players operating in the UAE wearable medical devices market are:
· Philips Healthcare Middle East
· Medtronic UAE
· Abbott Laboratories, Inc. (UAE)
· GE Healthcare UAE
· Fitbit, Inc. (UAE)
· Dexcom UAE
· Boston Scientific Corporation
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“UAE Vision 2021 is driving the development of world-class healthcare infrastructure. The Healthcare sector is investing in adopting advanced technology to improve patient care and efficient remote monitoring and tracking of patients, which is expected to affect the UAE wearable medical device market positively. The rise in the adoption of artificial intelligence and deployment of 5G technology is enhancing wearable medical device performance. Expanding healthcare sector and growing demand for quality healthcare services by consumers is expected to propel the UAE wearable medical devices market through 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“UAE Wearable Medical Devices By Type (Diagnostics v/s Therapeutic), By Products (Activity Monitors/Trackers, Smartwatches, Patches, Smart Clothing), By Purpose (Heart Rate, Physical Activities, Blood Oxygen Saturation, Body Temperature, Others), By Site (Strap/Clip/Bracelet, Handheld, Headband, Shoe Sensors, Others), By Application (General Health & Fitness, Remote Patient Monitoring, Home Healthcare), By Distribution Channel (Pharmacies, E-Commerce, Others), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of UAE wearable medical devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in UAE wearable medical devices market.
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