Market Size of UAE Cardiovascular Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.90 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
UAE Cardiovascular Devices Market Analysis
The UAE cardiovascular devices market is expected to record a CAGR of 5.9% during the forecast period.
The COVID-19 pandemic impacted the market significantly. The market was adversely affected during the initial phase of the pandemic due to lockdowns and shutdowns and the reduction in patient volume. According to the study published in the Official Journal of the Gulf Heart Association in March 2021, there was a significant drop in acute coronary syndrome during the pandemic. This ranged from 30% to 60%. Such a reduction in patient volume impacted the demand for cardiovascular devices significantly, affecting the market's growth during the pandemic. However, the United Arab Emirates (UAE) government continued normal operations in the healthcare system following proper regulations and restrictions. Thus, these ongoing surgeries during the pandemic created a demand for cardiovascular devices. Therefore, the pandemic impacted the market considerably.
The key contributors to the market's growth are the growing burden of cardiovascular diseases and technological advancements. Cardiovascular diseases are one of the leading causes of mortality and morbidity in the UAE. Additionally, according to a survey result published in Gulf Insider in September 2021, over half of UAE citizens experienced heart disease at some point. More than a thousand UAE citizens participated in the study. The results showed 55% of those polled either had heart illness (12%), had a close friend or relative afflicted with the disease (53%), or experienced both. This burden of CVD among the target population in the country is anticipated to drive demand for cardiovascular devices, thereby contributing to the market's growth. As per the NCBI article published in December 2021, the study was conducted among several UAE residents, 57% of which mentioned that they do not involve vigorous activity, 66% frequently or consistently indulge in fast food, 65% take fried food as a main course, and 75% reported poor or fair practice considering CVD. These are major risk factors for CVD. In addition, as per the source mentioned above, the UAE has the second-highest cardiovascular mortality rate and is higher than the rate found in other Gulf Cooperation Council (GCC) countries. A sedentary lifestyle among the population is expected to add a burden.
Hence, the importance of early diagnosis and treatment is rising, boosting the cardiovascular devices market's growth in UAE.