UAE Drug Device Combination Products Market Size & Outlook
UAE drug device combination products market, 2018-2030 (US$M)
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UAE drug device combination products market highlights
- The UAE drug device combination products market generated a revenue of USD 574.8 million in 2023 and is expected to reach USD 934.4 million by 2030.
- The UAE market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, transdermal patches was the largest revenue generating product in 2023.
- Infusion Pumps is the most lucrative product segment registering the fastest growth during the forecast period.
Drug device combination products market data book summary
| Market revenue in 2023 | USD 574.8 million |
| Market revenue in 2030 | USD 934.4 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Transdermal patches |
| Fastest growing segment | Infusion Pumps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Photodynamic Therapy Devices, Transdermal Patches, Wound Care Products, Infusion Pumps, Orthopedic Combination Products, Drug Eluting Stents, Inhalers, Antimicrobial Catheters |
| Key market players worldwide | Abbott Laboratories, Terumo Corp, Stryker Corp, Viatris Inc, Medtronic PLC, Boston Scientific Corp, Novartis AG ADR, Becton Dickinson & Co, Teleflex Inc, W L Gore & Associates |
Other key industry trends
- In terms of revenue, UAE accounted for 0.4% of the global drug device combination products market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa drug device combination products market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 543.5 million by 2030.
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Drug Device Combination Products Market Scope
Drug Device Combination Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE drug device combination products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to drug device combination products market will help companies and investors design strategic landscapes.
Transdermal patches was the largest segment with a revenue share of 23.1% in 2023. Horizon Databook has segmented the UAE drug device combination products market based on photodynamic therapy devices, transdermal patches, wound care products, infusion pumps, orthopedic combination products, drug eluting stents, inhalers, antimicrobial catheters covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the drug-device combination products market in the UAE can be attributed to the presence of well-established infrastructure, an increasing number of hospitals, growing medical tourism, and the presence of efficient health coverage policies. Moreover, awareness about minimally invasive procedures in the UAE is growing due to the increase in the younger population.
The UAE has transitioned rapidly from a few nomadic populations to a large one. Economic progress has created opportunities and provided social benefits for UAE citizens, including high life expectancy. However, rapid urbanization and modernization have contributed to the substantial burden of chronic diseases, mainly obesity-related cardiovascular conditions.
According to a new study commissioned by Cleveland Clinic Abu Dhabi, in September 2021, more than half of the UAE citizens are expected to be affected with heart disease during their lifetime. The poll of more than 1,000 UAE residents indicated that the percentage of respondents directly affected with heart disease was 55%, either by their diagnosis (12%), the diagnosis of a close friend or family member (53%), or both.
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Target buyers of UAE drug device combination products market databook
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Our clientele includes a mix of drug device combination products market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE drug device combination products market , including forecasts for subscribers. This country databook contains high-level insights into UAE drug device combination products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE drug device combination products market size, by product, 2018-2030 (US$M)
UAE Drug Device Combination Products Market Outlook Share, 2023 & 2030 (US$M)
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