- UAE Diabetes Care Services Market grew at a CAGR of 5.9% in the period 2017-2022P owing to increasing diabetes cases and Government initiatives to improve the economy
The UAE Diabetes Care Services Market has witnessed a steady growth in the recent years as a result of various initiatives like Vision 2030 undertaken by the government. It is to be noted that Diabetes Screening Initiative by the Government in 2021 has addressed the critical areas of diabetes management and has led to an influx of patients in hospitals for health care services.
On the other hand, rising cases of diabetes as a result of unhealthy lifestyle has also exacerbated the situation. As per the estimates, a total of 550,000 patients of type 2 diabetes exist in the country as of 2022P & their number is expected to witness an uptick in the upcoming years which will probably drive the market growth as well. On the other hand, restraints like lack of medical staff, high competition in the market & low medical tourism marketing can hinder the overall progress.
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- Digital health applications, telehealth services and data monitoring are the major trends prevalent in UAE Diabetes Care Services Market
UAE’s health regulators are increasingly considering the adoption of new smart technologies. The country is predicted to add an additional AED 668.4 Bn to its economy by 2035 on the back of accelerated AI adoption Moreover, smart medi tech breakthroughs in the monitoring market will transform life for 1.2 Mn people in the UAE. Some of the major innovations include insulin delivery systems, glucometers and others. In terms of telehealth services, it will help the patients in emergencies though medications for diabetes treatment such as insulin are taken by many with the help of health care providers.
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- Lack of specialized clinics or hospitals exclusively for diabetes treatment is a major market opportunity for a new player in the market.
Number of diabetes affected population in UAE is expected to be 1.1 Mn in 2030. This increases the scope for new clinics in the country. New players can start small diabetes clinics with adequate facilities for diabetes screening and treatment, so that high capital investment can be avoided while existing players can expand their business by establishing small clinics in different locations. Players can focus on using injectable for treatment rather than oral medications, owing to increasing price of drugs such as metformin. Moreover clinics should be equipped with telemedicine services, so that it will be more consumer preferable and profitable. Increasing Government support for health care sector in UAE under UAE 2030 Vision will be a major impetus for new players in the market.
For more insights on the market intelligence, refer to the link below:-
UAE Diabetes Care Services Market Outlook to 2027F: Ken Research
