Diagnostic tests denote to the type of medical tests that are functioned to aid in the detection or diagnosis of any disease. These tests have a decisive role in the control, surveillance and deterrence of any disease. These type of tests in improving patient care, consumer safety, and diminishing the healthcare spending.
According to the report analysis, ‘UAE Diagnostic and Medical Testing Market Current Analysis and Forecast (2017-2026)’ states that with the proficient augment in lifestyle diseases, shift in care models and innovative healthcare delivery approaches worldwide including the aim on preventative rather than curative care, the diagnostics & medical testing industry across the UAE is well poised to augment. Clinical laboratory services are a critical component of the healthcare sphere provided their impact and effectiveness to provide the reliable and high-quality healthcare to patients. Laboratory tests help determine the presence, magnitude or absence of disease and monitor the effectiveness of treatment. Clinical Laboratory services are categorized into 2 broad categories: pathology testing and imaging laboratory services.
Based on the type of testing, the market is classified into Routine Testing, & Specialized Testing. The Routine Testing segment grabbed the foremost market and dominated the market. The segment produced revenue in million during the recent past years. Based on the type of players, the market is categorized into Public institutions, Private clinics and private hospitals, & Independent laboratories. The Private clinics and private hospitals segment grabbed the foremost market and registered the market.
Some of the major players functioning in the market comprise NRL (National Reference Laboratories), Al Borg lab, Medsol, MENA Labs, Purehealth, Unilabs, Cleveland Clinic Abu Dhabi, SRL Diagnostics UAE, Thumbay Labs, Life Diagnostics & York Lab. Countless M&A’s along with partnerships have been undertaken by these players to boost their presence in dissimilar countries in the region. In addition, these companies in the UAE diagnostic and medical testing market are actively working for keep maintaining the governing position, leading the highest market growth, obtaining the competitive edge, registering the great value of market share and generating the highest percentage of revenue by analysing the strategies and policies of government as well as contenders, delivering the better customer satisfaction, improving the qualitative and quantitative measures of such, implementing the policies of profit making and strategies of expansion, spreading the awareness connected to the applications and advantages of such, decreasing the associated prices of such, and establishing the several research and development programs.
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Based on Testing Model, the UAE Diagnostics and Medical Testing market is classified into in-house and Outsourced. Amongst testing model, in-house registered for a market valuation of US$ XX in 2020 and is projected to reach US$ XX million by the year 2026, at a CAGR of XX % over the analyzed period. In-house testing model are less expensive, convenient and confidential coupled with assistances in diagnosing disease at early stage. Therefore, in-house testing model is projected to grab significant market share in the reviewed period as well.
The market for diagnostic and medical testing in the UAE is majorly propelled by the growing geriatric population, increasing patient awareness about the value of laboratory tests, and the augmenting the prevalence of infectious and chronic disease patients. Therefore, it is predicted that during the near period the market of diagnostic and medical testing will augment more proficiently over the review duration.
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UAE Diagnostic and Medical Testing Market
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