UAE ECG Equipments Market Report 2022 to 2030

UAE ECG Equipments Market Analysis

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The UAE ECG Equipment Market is expected to witness growth from $45 Mn in 2022 to $84 Mn in 2030 with a CAGR of 8.30% for the forecasted year 2022-2030. One of the major reasons propelling the expansion of the ECG equipment market is the rising prevalence of cardiac diseases in the United Arab Emirates. The market is segmented by product type and by the end user. Some key players in this market include Winray, Mena Medical Supplies, Johnson & Johnson, Philipps Healthcare, Medtronic, DSM N.V., Roche and Dexcom.

ID: IN10AEMD008 CATEGORY: Medical Devices GEOGRAPHY: UAE AUTHOR: Jigyasu Bhandari

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UAE ECG Equipment Healthcare Market Executive Analysis

The UAE ECG Equipment Market size is around $45 Mn in 2022 and is projected to reach $84 Mn in 2030, exhibiting a CAGR of 8.30% during the forecast period. In the federal budget for 2022–2026, the UAE government has set aside $1.33 Bn (8.4% of the total budget) for healthcare and community security. About 3.5% of the UAE's GDP is spent on healthcare, with roughly 70% coming from state spending and only 30% coming from the private sector.

In the UAE, the age-standardized death rate from CVD was 281.5 per 100,000 people, higher than the global norm of 235 per 100,000 people. A non-invasive diagnostic instrument known as an Electrocardiogram (ECG) is frequently used to identify and track a variety of cardiac conditions. An ECG generates a visual depiction of the heart's rhythm and function by measuring the electrical activity of the heart. Arrhythmias, heart attacks, and heart failure are just a few of the cardiac illnesses that can be diagnosed using an ECG. An ECG analyses the electrical activity of the heart to find damage or blockages in the heart's arteries as well as irregular heartbeats and other rhythm anomalies. The efficacy of treatments for cardiac diseases is monitored using ECG. Clinicians can determine whether the treatment is effective and make changes as needed by comparing ECG results obtained before and after the procedure. A cardiac illness risk assessment using ECG is possible. For instance, people with a family history of cardiac disease might be recommended to get an ECG to determine how likely they are to get the disease themselves.

UAE ECG Equipment Market Analysis

Market Dynamics

Market Growth Drivers

In the UAE, the market for ECG equipment is expanding as a result of the rising demand for residential healthcare services. For home healthcare providers to provide patients with high-quality treatment in their homes, portable, user-friendly ECG equipment is a necessity. One of the major reasons propelling the expansion of the ECG equipment market is the rising prevalence of cardiac diseases in the United Arab Emirates. There is a growing need for ECG equipment to identify and monitor these conditions as the incidence of cardiac diseases in the area rises. To lower the prevalence of cardiac diseases, the UAE government is actively promoting preventive healthcare measures and spending significantly on the infrastructure of the healthcare system. As healthcare providers look to update their facilities with the newest ECG equipment, this is fueling the development of the market for ECG equipment.

Market Restraints

There are numerous local and international players operating in the fiercely competitive UAE ECG equipment market. As a result, new players may have a harder time capturing market share, and established players may find it difficult to hold onto their place. ECG technology is fairly expensive, which may have a significant negative impact on the market expansion. Many medical professionals in the UAE might not be able to purchase the most up-to-date ECG equipment, which could hamper their ability to offer high-quality care.

Competitive Landscape

Key Players

Winray (UAE)
Mena Medical Supplies (UAE)
Johnson & Johnson
DarioHealth
Medtronic
Philipps Healthcare
Dexcom

Recent Notable Deals

2022: In order to provide cutting-edge ECG and other medical tools to Abu Dhabi hospitals and clinics, GE Healthcare teamed up with the Abu Dhabi Health Services Company (SEHA) in 2022.

2021: In order to provide ECG machines and other medical equipment to UEMedical's hospitals and clinics in Abu Dhabi, Mindray and UEMedical entered into a strategic partnership deal in 2021.

Healthcare Policies and Regulatory Landscape

The UAE has a well-established healthcare system with rules and guidelines in place to guarantee the reliability and safety of ECG devices. The Ministry of Health and Prevention (MOHAP), which regulates the registration, importation, and distribution of ECG equipment in the UAE, is in charge of the regulatory framework for these products. Before being distributed in the UAE market, ECG equipment must be registered with the MOHAP. Giving specific information about the device, such as its technical specs, clinical data, and manufacturing processes, is required as part of the registration process. The MOHAP must issue the importers with the required permits and licences before ECG equipment can be brought into the UAE through designated routes. For ECG equipment, the MOHAP has set rigid quality and safety standards. To guarantee that medical devices are both safe and effective for patients, these standards encompass a variety of device design, manufacturing, and performance aspects.

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

ECG Equipment Market Segmentation

By Product Type (Revenue, USD Billion):

Holter Monitors
Resting ECG Machines
Stress ECG Machines
Event Monitoring Systems
ECG Management Systems
Cardiopulmonary Stress Testing Systems

By End User (Revenue, USD Billion):

Hospitals and Clinics
Diagnostic Centres
Ambulatory Services
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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The market is segmented by type and by the end user.

The UAE ECG Equipment Market is studied from 2022-2030.

Mena Medical Supplies, Johnson & Johnson, Philipps Healthcare, Medtronic, DSM N.V., Roche and Dexcom are the major companies operating in the UAE ECG Equipment market.