UAE Hospital Supplies Market Size (2024 - 2029)

United Arab Emirates (UAE) Hospital Supplies Market Analysis

The United Arab Emirates (UAE) Hospital Supplies Market is expected to register a CAGR of 6.4% in the forecast period of 2022-2027.

The COVID-19 pandemic is expected to have a significant impact on the market. Many parts of the United Arab Emirates (UAE) have been in lockdown and have suspended trades with other countries, implemented travel restrictions, etc., leading to a decline in market capitalizations of major companies across the country. Given the increasing COVID-19 cases, the number of patients visiting hospitals and clinics has been increasing. Thereby, the need for various infrastructure and hospital supplies has been growing significantly. However, most hospitals have suspended or postponed elective surgeries, unless it is an emergency. Additionally, due to the restriction on transportation, most of the local market players are involved in the supply of hospital equipment. The UAE Government has also been forthcoming in subsidizing hospitals and essential supplies during the pandemic. For instance, in January 2021, the Government announced that the supply and import of certain personal protective equipment during the period from 1 September 2020 to February 2021 and used for protection from COVID-19 disease will be subject to VAT at a zero rate. This was expected to boost production as prices became lower making them affordable for healthcare organizations. Thus, given the aforementioned points, the hospital supplies market is expected to be significantly impacted during the current pandemic.

The factors, such as increased incidences of chronic diseases coupled with the growing public awareness about hospital-acquired infections, along with an increase in the geriatric population are contributing to the overall growth of the hospital supplies market in the United Arab Emirates (UAE). According to the World Banks' 2021 update, the population of people aged 65 years and more is increasing in the United Arab Emirates every year and their population has increased from 58,618 in 2010 to 144,722 in 2021. As the geriatric population is more prone to various chronic diseases, the rising geriatric population results in the increasing burden of age-associated diseases, which results in timely visits to hospitals. Thus, the increasing geriatric population in the country acts as a major factor in driving the market studied. According to the Dubai Health Investment Guide 2019, there was an estimated overall demand of 1,614 additional beds in Dubai alone by 2030. This is expected to spur policymakers and companies to invest in building new healthcare facilities, thus increasing the demand for hospital supplies. The rising burden of chronic diseases is also one of the major factors for the growth of the market. As per the International Agency for Research on Cancer Globocan 2020 report, the five-year prevalence rate of cancer in the UAE was 14,816 per 100,000 people. This is expected to boost hospital admissions and thus demand supplies during the forecast period. Increasing collaborations are expected to increase market growth. In December 2020, Rafed, the recently established healthcare procurement company, and Abu Dhabi Ports, the region's premier facilitator of logistics, transport, and trade, signed a collaboration agreement to jointly launch the largest healthcare and medical supplies cold store distribution center in the UAE. Certified by the Department of Health, the warehouse facility in Khalifa Industrial Zone Abu Dhabi, KIZAD currently handles the G42 vaccines for the UAE vaccination program and already houses more than one million vials of the vaccine. Hence, such collaborations are expected to increase market growth. However, the emergence of home care services are expected to hinder the market growth.

United Arab Emirates (UAE) Hospital Supplies Industry Segmentation

As per the scope of the report, hospital supplies include every medical utility product that serves both the patient and medical professional with hospital infrastructure and enhance the network, transportation between hospitals. The market is segmented by Type (Physical Examination Devices, Operating Room Equipment, Mobility Aids and Transportation Equipment, Sterilization and Disinfectant Products, Disposable Hospital Supplies, Syringes and Needles and Other Types). The report offers the value (in USD million) for the above segments.