GCC Connected Medical Devices and Wearables Market Witness Highest Growth AT a CAGR of 20.19% by 2030
The GCC Connected Medical Devices and Wearables Market report by MarkNtel Advisors – Market Research Company, offers a comprehensive analysis of the size, share & growth of the market.
GCC Connected Medical Devices and Wearables Market Overview and Insights:
According to Markntel Advisors Report, GCC Connected Medical Devices and Wearables and Wearables Market is projected to grow at a CAGR of around 20.19% during the forecast period, i.e., 2025-30.
GCC Connected Medical Devices and Wearables Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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Industry Growth Driver:
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.
What is Included in GCC Connected Medical Devices and Wearables Market Segmentation?
The report has segmented the market into the following categories:
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.)
Among them, Handheld devices grabbed a significant market share during 2020-23. However, the market shares of straps, bracelets, or bands have also registered an uptrend during the same period. With the growing adoption of health monitoring & wearables across the countries such as Saudi Arabia, UAE, etc., the demand for strap/clip & bracelets is projected to boost in the years to come. Hence, healthcare providers are establishing a partnership with wearable providers to offer enhanced medical care to patients. In 2022, Mubadala Health announced its partnership with BioIntelliSense to utilize BioIntelliSense’s BioSticker and BioButton wearables. The partnership would enable remote tracking of the vital signs of the patients. The market shares of strap/clip, bracelets are expected to exceed 20% through 2030.
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)
By Country
- UAE
- Saudi Arabia
- Qatar
- Oman
- Bahrain
- Kuwait
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Who are the Key Players Operating in the GCC Connected Medical Devices and Wearables Industry?
The top companies of the GCC Connected Medical Devices and Wearables market ruling the industry are:
- Abbott Laboratories
- Medtronic
- Omron Healthcare, Inc.
- Dexcom
- Withings SAS
- Vital connect
- Polar Electro
- Apple, Inc.
- Garmin
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the GCC Connected Medical Devices and Wearables Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the GCC Connected Medical Devices and Wearables industry?
- Which is the Leading segment in the market?
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