UAE Diagnostic Imaging Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The major factors augmenting the growth of UAE diagnostic imaging market includes rising burden of chronic diseases, and technological advancements in diagnostic imaging. Imaging procedures play a crucial role in the accurate diagnosis of chronic diseases. The increase in the aging population and changes in societal behavior are contributing to a steady increase in these common and costly long-term health problems. Most of the deaths by chronic diseases are attributable to cardiovascular diseases, obesity, and diabetes. Hence, the rising burden of chronic disease is expected to play a significant role in the imaging utilization in the future. Therefore, high unmet demand for imaging technologies is expected to boost the market over the forecast period.
Key Market TrendsOncology Segment is Expected to Show Better Growth in the Forecast YearsBased on application, the market is segmented into Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology and Other Applications. Oncology deals with diagnosis and treatment of tumors and cancers, which is one the leading causes of morbidity and mortality. According to Globocan, in 2018, among both sexes, breast, and colorectum cancers were the most common cancers in UAE, with breast cancer alone contributing to more than 22% of the total new cases. Diagnostic imaging equipment such as Computed Tomography, are the highly beneficial and preferred method of imaging for many conditions, which is expected to drive the market in the forecast period.
Competitive LandscapeThe market studied is moderately competitive and there are several international companies tha are operating in UAE. The global players into the UAE diagnostic imaging equipment market are Carestream Health, Esaote SpA, Fujifilm Holdings Corporation, GE Healthcare, Hitachi Medical Systems, Hologic, Inc., Koninklijke Philips N.V, Siemens AG and Toshiba Corporation.
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