Market Overview: GCC Connected Medical Devices Market
MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on GCC Connected Medical Devices Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
GCC Connected Medical Devices Market Insights 2022-27
The GCC Connected Medical Devices Market is estimated to grow at a CAGR of around 8.26% during the forecast period 2022-27.
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Driving Innovation: Exploring the GCC Connected Medical Devices Market and its Key Drivers
Growth Drivers: Governments’ Digital Health Initiatives to Boost the Sales of Healthcare Wearables
The Governments across the region 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 the 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.
Top Players in the GCC Connected Medical Devices Market:
-Fitbit, Inc.
-Abbott Laboratories
-Medtronic
-Omron Healthcare, Inc.
-Dexcom
-Withings SAS
-Vital connect
-Polar Electro
-Apple, Inc.
-Garmin
Recent Developments by the Leading Companies
- In 2021, FitBit introduced FitBit Charge 5, which was the first brand in the UAE to include a color-AMOLED display in the smart fitness bands.
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Segmentation Analysis of GCC Connected Medical Devices Market
GCC Connected Medical Devices Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
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)
- Among them, the supermarkets & hypermarkets segment held a considerable market share in the GCC Connected Medical Device and Wearables market during 2017-19.
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A Comprehensive Geographical Analysis:
By Country
-UAE
-Saudi Arabia
-Qatar
-Oman
-Bahrain
-Kuwait
- 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.
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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