UAE In-Vitro Diagnostics Devices Market

UAE In-Vitro Diagnostics Devices Market Overview:

The UAE in vitro diagnostics devices market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. In-vitro diagnostics device (IVD) refers to equipment used to detect and diagnose numerous diseases in the human body. The diagnoses include testing samples, such as urine, tissue and blood, through analytical devices that assist in confirming the existence of acute as well as chronic diseases. The UAE government is extensively investing in the growth of its healthcare sector to cater to the needs of its rapidly growing population, thereby boosting the demand for in-vitro diagnostics devices. In recent years, in-vitro diagnostics devices have gained traction on account of the exemption of tariffs on the imports of medical devices.

One of the primary factors driving the market is the rising prevalence of chronic diseases, such as cardiovascular diseases, cancer, neurological diseases, and diabetes, along with the increasing geriatric population in UAE. Besides this, the health authorities of the region are increasing the number of independent diagnostic laboratories offering affordable healthcare packages, thereby creating a positive market outlook. Additionally, on account of these affordable healthcare packages, UAE has become an attractive medical tourism destination in the GCC region, thereby positively influencing the market growth. Other than this, the medical community of the country has introduced advanced in-vitro diagnosis technology to provide patients with improved diagnostic capabilities. As a result, there has been a paradigm shift from conventional diagnostics to a new generation of diagnostics that work at the gene level. Furthermore, the growing awareness regarding health and wellness, along with the growing trend of self-care among the masses, is augmenting the product demand. Apart from these factors, extensive research and development (R&D) activities by key players to introduce new product variants, such as molecular sequencing, next-generation sequencing, immunoassays, and clinical chemical tests, are expected to create lucrative growth opportunities for the key players in the near future.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the UAE in vitro diagnostics devices market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. 

The report analyses the competitive structure of the UAE in vitro diagnostics devices market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the UAE in vitro diagnostics devices market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the UAE in vitro diagnostics devices market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the UAE in vitro diagnostics devices market industry. Furthermore, the value chain analysis of the UAE in vitro diagnostics devices market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

UAE In-Vitro Diagnostics Devices Market Segment Insights:

The UAE in vitro diagnostics devices market has been analysed as followed:

By Application:

• Infectious Diseases
• Diabetes
• Blood Test
• Nephrology
• Cardiology
• Oncology
• Autoimmune Diseases
• Others

By End-User:

• Hospital-Based Centres
• Diagnostics Chains
• Standalone Centres
• Others

Competative Landscape: 

The report has also analyzed the competitive landscape of the market with detailed profiles of some of the key players operating in the industry.

Highlights of the UAE In-Vitro Diagnostics Devices Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The UAE in vitro diagnostics devices market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs