MarkNtel Advisors presents the most recent version of the GCC Connected Medical Devices Market and includes an analysis of numerous factors that contribute to the market growth. It includes patterns, limitations, and drivers that have an impact on the market. The report provides space for strategic planning and offers a comprehensive assessment of various factors that holds the ability to provide an edge to the stakeholders. Market growth factors are crucial because they can be understood to create various strategies for seizing the lucrative opportunities present in the constantly expanding market. In order to better understand the market and offer useful suggestions, the viewpoints of industry experts have also been taken into consideration.
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Dynamic of the GCC Connected Medical Devices Industry
- Market Ongoing Trends: Wearable Blood Pressure Monitors Gaining Traction in the GCC countries Amid Rising Cardiac Health Concerns
Remote blood pressure monitoring is gradually transforming into a much sought-after feature in the GCC Country to measure blood pressure & daily activity, including steps taken & calories burned. With the rising penetration of wearables & consistent growth in cardiac patients, the demand for wearable blood pressure monitoring devices is in its introductory phase in the GCC Country. In 2021, according to WHO, around 29% of the UAE population suffered from hypertension, around 40% in Saudi Arabia & more than 25% in Qatar.
Consequently, these alarming statistics in the leading countries of the Country would gradually pave the way for wearable blood pressure monitoring devices. In 2021, these devices were primarily purchased from Europe & North America. However, the adoption of these devices would soar in the forthcoming years.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 20.19% |
| Country Covered | UAE, Saudi Arabia, Oman, Qatar Kuwait, Bahrain |
| Key Companies Profiled | BASF SE, Sika GCC, MBCC Group, Arkema Middle East DMCC (Bostik), Chryso Group, Mapei S.p.A., Dow Chemical Company, Arkaz Alsharq Building Materials, Don Construction Products Ltd., Fosroc Inc |
| Unit Denominations | USD Million/Billion |
- Country Wise Market Share and Growth Estimate
At the Country level, the GCC Connected Medical Devices Market is distributed in UAE, Saudi Arabia, Qatar, Oman, Bahrain, and Kuwait countries. Of all the countries across GCC, the UAE is one of the most vibrant economies for connected medical devices & wearables, owing to greater proximity to wearable technology, high-speed internet penetration, growth in footprints of foreign multinationals, proactive government initiatives to ensure fitness, rising home care services, and so on. Healthcare institutes are rapidly integrating technology for cost optimization, remote patient monitoring, and ensuring proper care to citizens.
In addition, organizations in the construction industry are gradually moving toward using fitness wearables to ensure workers’ health safety using wrist straps.
- Market Key Driver: Governments’ Digital Health Initiatives to Boost the Sales of Healthcare Wearables
Governments across the Country have proactively launched digital programs to ensure proper remote care of patients. The Department of Health, Abu Dhabi initiated a home care model to provide quality services to patients by approving the services of around 75+ service providers catering to more than 5,000 patients.
Further, the Ministry of Health and Prevention (MoHAP), the UAE, launched an updated version of its smart patient platform to ensure proper care of patients via digital channels. For instance, in 2020, the Government of Saudi Arabia launched (MAKOM) initiative to deliver tele-mental health services.
Table of Content
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Executive Summary
- Impact of COVID-19 on GCC Connected Medical Devices and Wearables Market
- GCC Connected Medical Devices and Wearables Market Trends and Insights
- GCC Connected Medical Devices and Wearables Market Dynamics
- Drivers
- Challenges
- Porter’s Five Force Analysis
- Threat of New Entrants
- Threat of Substitute products
- Power of Suppliers
- Power of Buyers
- Competition in the industry
- GCC Connected Medical Devices and Wearables Market Regulation and Policy
- GCC Connected Medical Devices and Wearables Market Hotspots and Opportunities
- GCC Connected Medical Devices and Wearables Market Outlook, 2017-2027F
Key Objectives of Our Study Report:
- To study and analyze consumption (value) by significant countries and market segments, historical data, and projections through 2027.
- Recognizing the various market sub-segments by comprehending the market structure.
- To conduct a market analysis that takes into account growth trends of each segment, prospects for the future, and contribution to the overall market.
- To forecast submarket consumption in relation to important areas (along with their respective key countries).
- To examine competitive developments in the market, such as product launches, agreements, expansions, and acquisitions.
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Market Segmentation Analysis
The segmentation study is deemed to be the most important stage in identifying the target market. It involves a careful examination of segments or smaller sections like geographic countries in order to develop advertising tactics and marketing strategies for the GCC Connected Medical Devices Market at both the Countries and levels. market Segment is Divided into the: –
By Device Type
- Diagnostic Devices
- Insulin Pumps
- Pulse Oximeter
- ECG Monitor
- Smart Watches
- Cardioverter Defibrillator
- Wearable Electrocardiographs
- Sleep Monitors
- Others (Electronic skin patches, fitness tracker etc.)
- Therapeutic Devices
- Pain Management
- Respiratory Therapy Management
- Rehabilitation Devices
By Product Site
- Handheld
- Headband
- Strap/Clip
- Shoe sensors
- Others (Clip, bracelet etc.)
By Application Type
- Fitness monitoring
- Remote patient monitoring
- Diabetes/Obesity care
- Cardiac Health
- Others (Home healthcare, sleep tracking etc.)
By Distribution Channel
- Online Stores
- Retail Pharmacies
- Others (Supermarkets/Hypermarkets)
Analysis of The Market’s Top Leaders
This study presents the current competitive environment of some of the key market participants in the GCC Connected Medical Devices market. The profiling includes the business overview, goods and services, key financials, and the most recent news and developments as well as other important information about the businesses.
Overall, the report provides a thorough overview of the GCC Connected Medical Devices market that will help equipment manufacturers, industry consultants, established businesses looking to expand, start-up businesses looking for opportunities, and based on the present and anticipated future trends, other stakeholders develop market-centric strategies. The companies listed are as follows:
- – Fitbit, Inc.
- – Abbott Laboratories
- – Medtronic
- – Omron Healthcare, Inc.
- – Dexcom
- – Withings SAS
- – Vital connect
- – Polar Electro
- – Apple, Inc.
- – Garmin
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