UAE Medical Smart Rings Market Size & Outlook, 2023-2030
The medical smart rings market in the UAE is expected to reach a projected revenue of US$ 3.3 million by 2030. A compound annual growth rate of 19.5% is expected of the UAE medical smart rings market from 2024 to 2030.
Revenue, 2023 (US$M)
$1.0
Forecast, 2030 (US$M)
$3.3
CAGR, 2024 - 2030
18.6%
Report Coverage
UAE
UAE medical smart rings market, 2018-2030 (US$M)
Related Markets
UAE medical smart rings market highlights
- The UAE medical smart rings market generated a revenue of USD 1.0 million in 2023 and is expected to reach USD 3.3 million by 2030.
- The UAE market is expected to grow at a CAGR of 19.5% from 2024 to 2030.
- In terms of segment, health monitoring rings was the largest revenue generating product in 2023.
- Diagnostic Rings is the most lucrative product segment registering the fastest growth during the forecast period.
Medical smart rings market data book summary
| Market revenue in 2023 | USD 1.0 million |
| Market revenue in 2030 | USD 3.3 million |
| Growth rate | 19.5% (CAGR from 2023 to 2030) |
| Largest segment | Health monitoring rings |
| Fastest growing segment | Diagnostic Rings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Health Monitoring Rings, Diagnostic Rings, Multifunctional Rings |
Other key industry trends
- In terms of revenue, UAE accounted for 0.3% of the global medical smart rings 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 medical smart rings market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5.7 million by 2030.
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Medical Smart Rings Market Scope
Medical smart rings market segmentation & scope
Medical Smart Rings Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE medical smart rings market size, by product, 2018-2030 (US$M)
UAE Medical Smart Rings Market Outlook Share, 2023 & 2030 (US$M)
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