Specialists from international research firm Fitch Solutions, content partners of Arab Health 2021, estimated that the medical devices market in the UAE will reach 5.6 billion dirhams by 2025, at a compound annual growth rate of 4.4%. between 2020 and 2025.
According to the Fitch Solutions UAE Medical Devices market report for the second quarter of 2021, the market will benefit from overall strong economic performance over the next five years, and the main factors that will support the growth of the market to achieve this will be: population growth, changing epidemiology and the growing medical tourism industry, developing healthcare infrastructure, expanding health insurance, digital transformation and new technologies.
The medical device market includes any product used in healthcare for the diagnosis, prevention, monitoring, or treatment of disease or disability, other than pharmaceuticals such as: consumables, diagnostic imaging, dental products, orthopedic products, prosthetics, and patient aids.
On this occasion, Ross Williams, Director of Arab Health Exhibition and Conference, said: “Over the past 45 years, Arab Health has played a fundamental role in the growth of the medical devices market by providing an ideal platform to network and do business with the global healthcare industry”.
He added, “We expect to play a pivotal role in the continued growth this year as well, in line with the UAE’s increased budget allocations for the healthcare sector and ongoing healthcare development projects, and this will be supported by a strong economic recovery after 2021, and Dubai’s hosting of the international Expo exhibition which will have a significant positive impact on the healthcare sector in addition to urban expansion and the launch of the long-term residence visa for retired expatriates in the UAE.
The Innov8 Talks competition for healthcare returns as part of the live event activities of Arab Health 2021, where a pavilion will be allocated to 32 startups to showcase how they develop unique and innovative solutions in the areas of prevention, management, operations, diagnostics, and more new and innovative ideas to improve healthcare.
The latest and most recent innovations that will be on display during the exhibition include: smart inhaler technology for respiratory drug delivery by FindAir, a non-invasive wearable laser light glucometer by GlucoActive, and Angelo Smart Bed, the first AI hospital bed from a company.
Valiamo and prodROBO are produced by Prodromos, manufacturers, and suppliers of high-quality Pediatric Oriented Rehabilitation Devices with Real-Time Biofeedback System.
Underlining Arab Health’s commitment to supporting innovators in the healthcare sector, the Healthcare Startup Competition has been established which will feature a group of regional and international companies showcasing their latest innovations.
Elsewhere in the exhibition hall, major companies including Dreger, Philips, Fujifilm, Honeywell and Canon will display their latest medical equipment and everything related to the healthcare sector.
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A series of dedicated online event activities were held and will be available until July 22, 2021, during which the latest and most recent products and technological advancements in the industry were highlighted through a series of educational sessions and seminars on the topics of Oncology, Imaging, Diagnostics, Pediatrics, Critical Care, Patient Monitoring and Endoscopy Internal, wellness, orthopedics, surgery, consumables and medical furniture.
Instrumentation was also shown including the Aesculap Aeos B. Braun, a robot-assisted digital surgical microscope platform for minimally invasive neurosurgery or liver surgery manufactured by Richard Wolff Endoscopy.
“Together we have brought together a string of large companies that have proven themselves to bring innovation and technology into the healthcare sector, and now more than ever, advances in medical devices market will play an important role in the global post-Covid-19 recovery,” Williams added. .
Arab Health 2021 is held under the slogan “Business unite” and push the industry forward, through a live event that is expected to receive 2,000 exhibiting companies and more than 24,500 participants from 170 countries around the world.
The Arab Health 2021 conference will witness the participation of 300 speakers from different countries of the world who will highlight the most prominent developments related to the healthcare sector, pharmaceuticals, improving medical practices and patient outcomes and latest technologies in medical devices market.
The events of the event include organizing 12 conferences from 21 to 24 June 2021, nine of which will focus on continuing medical education, as each conference allows participants to communicate and develop international best practices.
About Arab Health Exhibition
Organized by Informa Markets, Arab Health is the largest healthcare event in the Middle East. First held 46 years ago, the exhibition has become a platform for the world’s leading manufacturers, wholesalers and distributors to meet the medical and scientific community in the Middle East.
Arab Health is known for providing the highest quality Continuing Medical Education (CME) programs for medical professionals in the region.
Arab Health 2021 exhibition and conference will be held from June 21-24, 2021 at the Dubai World Trade Center in Dubai, United Arab Emirates. While the accompanying virtual event will be held from May 23 to July 22, 2021.
About Medlab Middle East
For 15 years, MEDLAB has been held under the umbrella of the largest healthcare event in the MENA region; It is the Arab Health Exhibition and Conference. With its fourth edition being held in the region as a stand-alone event, this annual gathering of the medical laboratory community brings together exhibitors and visitors from more than 140 countries, providing them with the opportunity to present the latest innovations, as well as access to advanced medical laboratory products and services.
The exhibition focuses on a number of main themes, most notably the establishment of 12 continuing medical education conferences that will address new topics covering blood transfusion medicine, innovation in medical laboratories, and digital pathology.
Medlab Middle East live events will be held from June 21-24, 2021 at the Dubai World Trade Center in Dubai, United Arab Emirates, and medlab Middle East virtual event will be held from May 23 to July 22, 2021.