UAE Patient Monitoring Equipment Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 239.77 Million |
Market Size (2029) | USD 324.36 Million |
CAGR (2024 - 2029) | 6.23 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
UAE Patient Monitoring Equipment Market Analysis
The UAE Patient Monitoring Equipment Market size is estimated at USD 239.77 million in 2024, and is expected to reach USD 324.36 million by 2029, growing at a CAGR of 6.23% during the forecast period (2024-2029).
Some of the factors such as the rising burden of chronic diseases due to lifestyle changes, growth in the geriatric population, growing preference for home and remote monitoring, and ease of use and portability devices are propelling the market growth. Chronic diseases are the leading cause of death and disability in the United Arab Emirates. According to Institute for Health Metrics and Evaluation 2017, in the UAE the highest number of deaths was caused by cardiovascular diseases with around 7.35 million deaths reported in the year 2017. In addition, according to the same source mentioned above there around 13,736 cases of chronic obstructive pulmonary disease (COPD) in 2018. The numbers have been increased to 14,759 in 2019. Thus, the rising prevalence of chronic disorders will propel market growth.
Furthermore patient monitoring technologies identify small changes in the patient's physiological data, hence promoting self-monitoring. Thus, it reduces readmissions and prevents avoidable hospitalizations, decreases the number of unnecessary trips to the doctor's office and reduce travel-related expenses. On the short- and long-term basis, by the proper implementation, patient monitoring technologies can expand access to quality healthcare and save time and money.
UAE Patient Monitoring Equipment Market Trends
This section covers the major market trends shaping the UAE Patient Monitoring Equipment Market according to our research experts:
Hemodynamic Monitoring Devices Segment is Expected to Grow Fastest Over the Forecast Period
The key factors propelling the growth of this market are an increase in the number of critically ill geriatric cases, a rise in the prevalence of cardiac disorders and diabetes, increasing demand for home-based and non-invasive monitoring systems. According to the Global Health Data Exchange, there are around 455,632 new cases of cardiovascular diseases reported in UAE in the year 2019. The numbers have been increased from the past year(423,234). With the increasing prevalence of cardiovascular diseases and other chronic diseases in the United Arab Emirates, market growth also increases. Factors such as technological advancements in hemodynamic monitoring systems, increasing research into hemodynamic monitoring systems further boost the segment growth.
Moreover, according to the Global Health Data Exchange, there is rising cases of Diabetes observed in the United Arab Emirates which is also positively impacting the see overall market growth.
UAE Patient Monitoring Equipment Industry Overview
The UAE Patient Monitoring Equipment Market is fragmented competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Abbott Laboratories, Baxter International Inc., Boston Scientific Corporation, Becton, Dickinson and Company, General Electric Company (GE Healthcare), Johnson & Johnson, , Medtronic Care Management Services LLC, Omron Corporation, Koninklijke Philips NV.
UAE Patient Monitoring Equipment Market Leaders
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Abbott Laboratories
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Koninklijke Philips NV
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General Electric Company (GE Healthcare)
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Omron Healthcare, Inc
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Becton, Dickinson and Company
*Disclaimer: Major Players sorted in no particular order
UAE Patient Monitoring Equipment Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Rising Burden of Chronic Diseases due to Lifestyle Changes
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4.2.2 Growing Preference for Home and Remote Monitoring
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4.3 Market Restraints
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4.3.1 Resistance from Healthcare Industry Professionals Toward the Adoption of Patient Monitoring Systems
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4.3.2 High Cost of Technology
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type of Device
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5.1.1 Hemodynamic Monitoring Devices
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5.1.2 Neuromonitoring Devices
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5.1.3 Cardiac Monitoring Devices
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5.1.4 Multi-parameter Monitors
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5.1.5 Respiratory Monitoring Devices
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5.1.6 Remote Patient Monitoring Devices
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5.1.7 Other Types of Devices
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5.2 By Application
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5.2.1 Cardiology
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5.2.2 Neurology
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5.2.3 Respiratory
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5.2.4 Fetal and Neonatal
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5.2.5 Weight Management and Fitness Monitoring
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5.2.6 Other Applications
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5.3 By End Users
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5.3.1 Home Healthcare
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5.3.2 Hospitals and Clinics
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5.3.3 Other End Users
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Abbott Laboratories
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6.1.2 Baxter International Inc.
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6.1.3 Boston Scientific Corporation
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6.1.4 Becton, Dickinson and Company
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6.1.5 General Electric Company (GE Healthcare)
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6.1.6 Medtronic Care Management Services LLC
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6.1.7 Omron Corporation
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6.1.8 Koninklijke Philips NV
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
UAE Patient Monitoring Equipment Industry Segmentation
As per the Scope patient monitoring devices are monitoring devices that continuously monitor the patient's vital parameters, like blood pressure and heart rates, by using a medical monitor and collecting medical (and other) data from individuals.
By Type of Device | |
Hemodynamic Monitoring Devices | |
Neuromonitoring Devices | |
Cardiac Monitoring Devices | |
Multi-parameter Monitors | |
Respiratory Monitoring Devices | |
Remote Patient Monitoring Devices | |
Other Types of Devices |
By Application | |
Cardiology | |
Neurology | |
Respiratory | |
Fetal and Neonatal | |
Weight Management and Fitness Monitoring | |
Other Applications |
By End Users | |
Home Healthcare | |
Hospitals and Clinics | |
Other End Users |
UAE Patient Monitoring Equipment Market Research FAQs
How big is the UAE Patient Monitoring Equipment Market?
The UAE Patient Monitoring Equipment Market size is expected to reach USD 239.77 million in 2024 and grow at a CAGR of 6.23% to reach USD 324.36 million by 2029.
What is the current UAE Patient Monitoring Equipment Market size?
In 2024, the UAE Patient Monitoring Equipment Market size is expected to reach USD 239.77 million.
Who are the key players in UAE Patient Monitoring Equipment Market?
Abbott Laboratories, Koninklijke Philips NV, General Electric Company (GE Healthcare), Omron Healthcare, Inc and Becton, Dickinson and Company are the major companies operating in the UAE Patient Monitoring Equipment Market.
What years does this UAE Patient Monitoring Equipment Market cover, and what was the market size in 2023?
In 2023, the UAE Patient Monitoring Equipment Market size was estimated at USD 225.71 million. The report covers the UAE Patient Monitoring Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the UAE Patient Monitoring Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
UAE Patient Monitoring Equipment Industry Report
Statistics for the 2024 UAE Patient Monitoring Equipment market share, size and revenue growth rate, created by ÌÇÐÄvlog´«Ã½â„¢ Industry Reports. UAE Patient Monitoring Equipment analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.