MarkNtel Advisors has just released a comprehensive research report on the GCC Connected Medical Devices Market. Tailored to provide valuable insights and assistance to clients navigating this dynamic market, our report addresses the key objectives of predicting trends, gaining a profound understanding of market perspectives, identifying strategic investment opportunities, and evaluating potential business partners. By adopting a meticulous approach, we aim to empower our clients with the information needed to make informed decisions, enabling them to thrive in the ever-evolving landscape of the GCC Connected Medical Devices industry.
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The GCC Connected Medical Devices and Wearables Market is projected to grow at a CAGR of around 20.19% during the forecast period, i.e., 2022-27. Numerous factors backing the market growth have been comprehensively analyzed in the research report, making it feasible for clients to put their best leg forward and ensure they get an edge over competitors. We understand how important data is in this modern world, which is why we have meticulously curated data sheets for each segment of the market.
The GCC Connected Medical Devices market is highly robust and fragmented. Citing this, we have segregated the market into numerous segments, such as
By Device Type
-Diagnostic Devices
-Insulin Pumps
-Pulse Oximeter
-ECG Monitor
-Smart Watches
-Cardioverter Defibrillator
-Wearable Electrocardiographs
-Sleep Monitors
-Others (Electronic skin patches, fitness tracker etc.)
-Therapeutic Devices
-Pain Management
-Respiratory Therapy Management
-Rehabilitation Devices
By Product Site
-Handheld
-Headband
-Strap/Clip
-Shoe sensors
-Others (Clip, bracelet etc.)
By Application Type
-Fitness monitoring
-Remote patient monitoring
-Diabetes/Obesity care
-Cardiac Health
-Others (Home healthcare, sleep tracking etc.)
By Distribution Channel
-Online Stores
-Retail Pharmacies
-Others (Supermarkets/Hypermarkets)
By Country
-UAE
-Saudi Arabia
-Qatar
-Oman
-Bahrain
-Kuwait.
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These segments are further subdivided into various sub-segments. It is done to identify the sub-segment that is more promising and has the highest market share in order to leverage the maximum profit. Knowing beforehand the lucrative segment of the market would make the client stand out in terms of revenue and sales.
Considering the significance of mergers and partnerships for GCC Connected Medical Devices businesses, our analysts have effectively identified and evaluated potential business partners in the GCC Connected Medical Devices market report. As per the report, the key players in the market are
-Fitbit, Inc.
-Abbott Laboratories
-Medtronic
-Omron Healthcare, Inc.
-Dexcom
-Withings SAS
-Vital connect
-Polar Electro
-Apple, Inc.
-Garmin.
Our report delves deeper in an attempt to offer actionable insights into prospective partners’ reputability, reliability, and capabilities. Clients can make informed decisions regarding partnerships, ensuring their vision is in line with the partnering entities and fostering business objectives within the GCC Connected Medical Devices market.
Taking into account the historical trends, market growth graph, consumer preferences, and other factors, the ascension of the GCC Connected Medical Devices market is inevitable. The market for GCC Connected Medical Devices seems opportunistic during the forecast years of 2022-27, backed by favorable regulations, making the market players thrive in the next five years.
Growth Drivers: Governments’ Digital Health Initiatives to Boost the Sales of Healthcare Wearables
The Governments across the region have proactively launched digital programs to ensure proper remote care of patients. The Department of Health, Abu Dhabi initiated a home care model to provide quality services to the patients by approving the services of around 75+ service providers catering to more than 5,000 patients. Further, the Ministry of Health and Prevention (MoHAP), the UAE, launched an updated version of its smart patient platform to ensure proper care of patients via digital channels. For instance, in 2020, the Government of Saudi Arabia launched (MAKOM) initiative to deliver tele-mental health services.
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