The UAE patient monitoring equipment market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising geriatric population. Moreover, growing preference for home or remote monitoring equipment owing to ease of use and portability.
A wide variety of sensors are used in the devices to monitor the patient vitals such as heart rate, body temperature, ECG, Respiration, non-invasive blood pressure, and oxygen saturation. The deployment of wireless health monitoring equipment removes the geographical barriers for industry players.
Ongoing advancements in sensor and interconnect technology have enabled medical device manufacturers within the patient monitoring market to leverage their market position. Though these innovations have made it easier than ever for health care providers to monitor their patients, the patient monitoring devices and equipment available have become more complex.
Patient monitoring device collects vital patient data and it sis sent for the processing and storage to provide value-based care. Most of the patient monitoring equipment utilize a complex interconnect system of connectors, PCBs, wire harnesses, and screen/monitors to use the data. Some types of patient monitoring equipment constitute a computer with a processor and hard drive.
UAE Patient Monitoring Equipment Market Trends, Drivers, Restraints, and Opportunities:
- Rising prevalence of chronic disorders is a major driver that is contributing to the growth of the UAE Patient Monitoring Equipment market.
- Growing requirement of solutions to reduce the unnecessary visits to the doctor’s office is expected to augment the market growth.
- Lack of awareness about the patient monitoring equipment can restrain the growth of the market.
- Increasing awareness among population regarding the adoption of monitoring devices can stimulate the growth of the market.
Scope of the UAE Patient Monitoring Equipment Market Report
The report on the UAE Patient Monitoring Equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Patient Monitoring Equipment Market - UAE Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Type of Devices (Hemodynamic Monitoring Devices, Neuromonitoring Devices, Cardiac Monitoring Devices, Multi-parameter Monitors, Respiratory Monitoring Devices, Remote Patient Monitoring Devices, and Others), Applications (Cardiology, Neurology, Respiratory, Fetal and Neonatal, Weight Management and Fitness Monitoring, and Others), End-users (Home Healthcare, Hospitals and Clinics, and Others)
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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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, and Koninklijke Philips NV.
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UAE Patient Monitoring Equipment Market Segment Insights:
Hemodynamic monitoring devices segment to grow at a rapid pace
Based on type of devices, the market is divided into hemodynamic monitoring devices, neuromonitoring devices, cardiac monitoring devices, multi-parameter monitors, respiratory monitoring devices, remote patient monitoring devices, others. The hemodynamic monitoring devices segment is anticipated to account for a key market share and is anticipated to grow at a rapid pace during the forecast period. Increasing technological advancements in development of hemodynamic monitoring devices is driving the market segment. However, the cardiac monitoring devices segment is expected to grow at a steady rate in the projected timeline.
Cardiology segment to account a major market share
Based on applications, the market is divided into cardiology, neurology, respiratory, fetal and neonatal, weight management and fitness monitoring, and others. The cardiology segment is anticipated to account for a major share due to rising patients dealing with heart problems, which requires frequent and accurate monitoring equipment.
Hospitals and clinics to account a considerable market share
Based on end-users, the market is segregated into home healthcare, hospitals and clinics, and others. The hospitals and clinics segment to account for a considerable market share owing to increasing implementation of patient monitoring technologies to provide high-quality patient care and save time and money. Conversely, the home healthcare segment is expected to boost the market owing to increasing trend of telehealth services and growing requirement of solutions that can reduce travel-related expenses.
Segments
Segments Covered in the Report
The UAE Patient Monitoring Equipment has been segmented on the basis of
Type of Devices
- Hemodynamic Monitoring Devices
- Neuromonitoring Devices
- Cardiac Monitoring Devices
- Multi-parameter Monitors
- Respiratory Monitoring Devices
- Remote Patient Monitoring Devices
- Others
Applications
- Cardiology
- Neurology
- Respiratory
- Fetal and Neonatal
- Weight Management and Fitness Monitoring
- Others
End-users
- Home Healthcare
- Hospitals and Clinics
- Others
Key Players
- Abbott Laboratories
- Baxter International Inc.
- Boston Scientific Corporation
- General Electric Company (GE Healthcare)
- Johnson & Johnson
- Becton, Dickinson and Company
- Medtronic Care Management Services LLC
- Omron Corporation
- Koninklijke Philips NV.
Competitive Landscape
The major players of 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, and Koninklijke Philips NV.
Companies are focusing on strategies such as acquisitions, mergers, and partnerships, to expand their market share.
