Market Size of UAE Endoscopy Devices Industry
Study Period | 2021 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2021 - 2022 |
CAGR | 5.63 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
UAE Endoscopy Devices Market Analysis
During the time frame of the forecast, the UAE endoscopy devices market is expected to register a CAGR of 5.63 %.
The COVID-19 pandemic was expected to significantly impact the endoscopic devices market. This was mainly due to the reduction of endoscopy procedures in the initial stages of the pandemic, owing to the strict regulations imposed by the government. For instance, the SJMPS article published in February 2022 mentioned that endoscopy procedures decreased by 57% during the pandemic period in comparison with the pre-pandemic period. Such a decrease in the endoscopy procedure volume had a notable impact on the growth of the market. However, the relaxation of strict lockdown regulations, leading to an increase in endoscopy procedures during the post-pandemic period, is expected to contribute to the growth of the market over the forecast period.
The increasing preference for minimally invasive diagnostic procedures in the detection of various chronic diseases is expected to contribute to the growth of the market. For instance, the NCBI article published in November 2021 mentioned that the prevalence of colorectal cancer in the United Arab Emirates was 0.78%. Another article published in the BMC journal in August 2021 mentioned that 13.5% of the population in Abu Dhabi tested positive for colorectal cancer. Such a high incidence of colorectal cancer in the UAE is expected to drive the demand for minimally invasive procedures such as endoscopy, thereby contributing to the growth of the market. However, the lack of skilled technicians and infections caused by a lack of endoscopes are expected to restrain the growth of the market over the forecast period.
UAE Endoscopy Devices Industry Segmentation
As per the scope of the market, endoscopy is a minimally invasive medical procedure that diagnoses, prevents, and treats the complications associated with visceral organs. Endoscopes are used to examine the interiors of hollow organs or cavities in the body. Endoscopy devices are equipped with several other parts, such as a camera or light source at the tip, that help physicians or medical professionals (endoscopists) analyze the internal organs of interest. The UAE endoscopy devices market is segmented by type of device (endoscopes (rigid endoscope, flexible endoscope, and other endoscopes), endoscopic operational device (irrigation/suction system, access device, wound protector, and other operational devices), and application (gastroenterology, pulmonary, urology, cardiology, gynecology, and other applications). The report offers the value (in USD million) for the above segments.
By Type of Device | ||||||
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Visualization Equipment |
By Application | |
Gastroenterology | |
Pulmonology | |
Urology | |
Cardiology | |
Gynecology | |
Other Applications |
UAE Endoscopy Devices Market Size Summary
The UAE endoscopy instruments market is poised for growth, driven by an increasing preference for minimally invasive diagnostic procedures and the rising prevalence of chronic diseases such as colorectal cancer and urological disorders. The market experienced a temporary setback during the COVID-19 pandemic due to a significant reduction in endoscopy procedures, but the relaxation of lockdowns has led to a resurgence in demand. The growing incidence of inflammatory bowel diseases and chronic kidney conditions further fuels the need for endoscopic equipment. Despite challenges such as a shortage of skilled technicians and potential infection risks, the market is expected to expand as advanced endoscopic techniques, including robot-assisted and disposable endoscopes, gain traction.
The competitive landscape of the UAE endoscopy market is marked by the presence of major players like Boston Scientific Corporation, Stryker Corporation, and Medtronic PLC, among others. Collaborative efforts and strategic partnerships, such as those between Sheikh Shakhbout Medical City and Mayo Clinic, are enhancing the capabilities and reach of gastroenterology endoscopy procedures. Innovations like AI-assisted colonoscopy systems and the establishment of specialized gastroenterology hospitals are indicative of the market's dynamic nature. These developments, coupled with ongoing investments in advanced technologies, are anticipated to drive the market's growth trajectory over the forecast period.
UAE Endoscopy Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Preference for Minimally Invasive Surgeries
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1.2.2 Technological Advancements Leading to Enhanced Applications
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1.3 Market Restraints
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1.3.1 Lack of Skilled Technicians
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1.3.2 Infections Caused by Few Endoscopes
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Type of Device
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2.1.1 Endoscopes
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2.1.1.1 Rigid Endoscope
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2.1.1.2 Flexible Endoscope
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2.1.1.3 Other Endoscopes
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2.1.2 Endoscopic Operative Device
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2.1.2.1 Irrigation/Suction System
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2.1.2.2 Access Device
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2.1.2.3 Wound Protector
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2.1.2.4 Other Endoscopic Operative Devices
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2.1.3 Visualization Equipment
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2.2 By Application
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2.2.1 Gastroenterology
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2.2.2 Pulmonology
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2.2.3 Urology
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2.2.4 Cardiology
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2.2.5 Gynecology
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2.2.6 Other Applications
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UAE Endoscopy Devices Market Size FAQs
What is the current UAE Endoscopy Devices Market size?
The UAE Endoscopy Devices Market is projected to register a CAGR of 5.63% during the forecast period (2024-2029)
Who are the key players in UAE Endoscopy Devices Market?
Boston Scientific Corporation , Stryker Corporation , Richard Wolf GmbH, Medtronic PLC and Johnson & Johnson are the major companies operating in the UAE Endoscopy Devices Market.