Market Trends of United Arab Emirates Diagnostic Imaging Equipment Industry
This section covers the major market trends shaping the UAE Diagnostic Imaging Equipment Market according to our research experts:
Oncology Segment Expects to Register a High CAGR Over the Forecast Period
The oncology segment is expected to witness significant growth in the diagnostic imaging equipment market over the forecast period.
The factors attributing to the market growth are the rising prevalence of cancer and technological advancements in diagnostic imaging. For instance, as per GLOBOCAN 2020 fact sheet, 2,652 new cancer cases in females and 2,155 in males were reported in the United Arab Emirates in 2020. The high number of cancer cases among the population is anticipated to propel the demand for advanced imaging equipment, which in turn is expected to increase the growth of the diagnostic imaging equipment market over the forecast period.
In addition, the growing government initiatives in spreading cancer awareness among the population are also expected to drive market growth. For instance, in October 2022, the Ministry of Health and Prevention (MoHAP) launched a national breast cancer awareness campaign, 'Screen and Reassure Us,' to highlight the importance of early detection of breast cancer and prevention methods in the United Arab Emirates. As a part of this campaign, a mammogram device will be deployed to detect breast cancer in women aged forty and older, particularly those who have not had the test in more than two years.
Similarly, in October 2021, Pfizer launched phase two of its Africa and Middle East region (AFME) campaign, 'Take Action,' in the United Arab Emirates, which seeks to empower and support breast cancer patients to fight against the disease through its work with the United Arab Emirates patient society 'Friends of Cancer Patients (FOCP).
Furthermore, the rising company focus on adopting various business strategies such as collaboration, partnerships, and launches are also expected to fuel the market growth. For instance, in January 2022, United Imaging partnered with King Hussein Cancer Center (KHCC) for clinical applications research, academic exchange, and talent training to advance the oncology and molecular imaging field and to enhance healthcare delivery in the region.
Thus, owing to the factors above, the segment is expected to grow significantly during the forecast period.
MRI Segment is Expected to Have the Significant Market Share Over the Forecast Period
The magnetic resonance imaging segment is expected to witness healthy growth in the United Arab Emirates diagnostic imaging equipment market over the forecast period. The factors attributing to the market growth are the increasing prevalence of cardiovascular diseases, neurological disorders, diabetes, and others and the growing technological advancements in MRI systems.
The risk factors of smoking, hypertension, obesity and physical inactivity are all linked to a higher prevalence of diabetes and pre-diabetes which is increasing rapidly among the United Arab Emirates population. For instance, from an article published in Frontiers in Clinical Diabetes and Healthcare, in August 2022, it has been observed that the age-adjusted comparative prevalence of diabetes in the United Arab Emirates was 16.4%, which was alarmingly high as compared to the previous year. In addition, as per the same source, this number is projected to increase to 18.1% by 2045. The expected increase in the number of population suffering from diabetes raises the need to early diagnose rare conditions and other conditions and risks associated with it which helps in providing the proper treatment to the patient. This is expected to increase the demand for whole body-MRI scanning hence bolstering the market growth. Also, the high blood sugar caused by diabetes can damage the nerves that control the heart and blood vessels, leading to a variety of cardiovascular diseases like coronary artery disease and stroke, which increase the demand for cardiac MRI which is expected to increase the demand for diagnostic imaging equipment, thereby propelling the market growth.
Furthermore, the companies are offering various technologically advanced MRI systems which are expected to increase their adoption by physicians and clinicians in the country, hence boosting the market growth. For instance, Aspen Medical, United Arab Emirates, offers a portable MRI monitoring system, IRadimed 3880 MRI, designed to travel with the patient between the MRI and their care unit, thus decreasing the amount of time when critically ill patients are out of the MRI unit. Similarly, the company offers MRidium 3860+, a non-magnetic IV infusion pump, designed for the continuous delivery of fluids and medications for patients within the MRI environment. It allows clinicians to safely and reliably run both volumetric and syringe-dosed infusions by way of syringes, bags, and bottles.
Moreover, the rising product launches in the country are also contributing to the market growth. For instance, in April 2022, NMC Royal Hospital launched Sharjah's first AI-driven state-of-the-art MRI scanner, in United Arab Emirates, which helps in identifying cancers and the severity of stroke apart from diagnosing heart, lung, liver, and bone diseases.
Thus, owing to the aforementioned factors, the segment is expected to grow significantly during the forecast period.
