UAE In-Vitro Diagnostics Devices Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023 - ResearchAndMarkets.com
The "UAE In-Vitro Diagnostics Devices Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The UAE in-vitro diagnostics (IVD) devices market was worth US$ 283 Million in 2017. The market is further projected to reach a value of nearly US$ 501 Million by 2023, at a CAGR of 10% during 2018-2023.
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.
Due to the increasing cases of chronic diseases and growing geriatric population, there has been a rise in the initiatives by health authorities emphasizing preventive care through regular checkups, which are promoting the sales of in-vitro diagnostics devices in the UAE.
On account of the rising awareness regarding health and wellness, and growing trend of self-care among the people, there has been an increase in the number of independent diagnostic laboratories which offer affordable health packages.
Expanding and affordable healthcare has made the UAE an attractive medical tourism destination in the GCC region. The subsequent development and upgradation of healthcare facilities have created a heightened demand for in-vitro diagnostic devices in the country.
Introduction of advanced in-vitro diagnosis technology is projected to create positive growth prospects for the market as the medical community in the country is focusing on providing patients with enhanced diagnostic capabilities.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 UAE In-Vitro Diagnostic Devices Market
6 Market Breakup by End-User
7 Market Breakup by Application
8 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/q2ds49/uae_invitro?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20190102005316/en/