The UAE in-vitro diagnostics (IVD) devices market was worth US$ 311 Million in 2018. The market is further projected to reach a value of US$ 545 Million by 2024, growing at a CAGR of 9.8% during 2019-2024. In-vitro diagnostics (IVD) plays a crucial role in diagnosing and detecting various diseases in the human body. It involves testing of samples, such as blood, urine, tissue, etc., using analytical devices which aid in confirming the presence of acute as well as chronic diseases. In order to meet the needs of its growing population, the UAE Government is rapidly investing in the expansion of its healthcare sector, in turn, creating a huge demand for in-vitro diagnostics devices. The market is also being supported by the exemption of tariffs on the imports of medical devices.
UAE In-Vitro Diagnostics (IVD) Devices Market Drivers:
Breakup by Application:
On the basis of application, the market has been segmented into infectious diseases, diabetes, blood test, nephrology, cardiology, oncology, autoimmune diseases and others.
Breakup by End-User:
Based on end-user, the report finds that hospital-based centers currently represent the leading end-user of in-vitro diagnostics devices in the UAE. Hospital-based centers are followed by diagnostics chains, standalone centers and others (patient self-testing, academic institutes, etc.)
The manufacturing of in-vitro diagnostics devices is at the nascent stage in the UAE, owing to which the country is largely dependent on imports. The report also provides the profiles of key players operating in this market.
This report provides a deep insight into the UAE in-vitro diagnostics (IVD) devices market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the UAE in-vitro diagnostics (IVD) devices market in any manner.
Key Questions Answered in This Report:
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