GCC Connected Medical Devices Market research report by Markntel Advisors is an accurate, unbiased, and reliable comprehension and study of data obtained from trustworthy and factual sources to equip the stakeholder with a well-researched and detail-driven report regarding the fluctuations in the industry.
The report aims to provide detailed information about the nooks and crannies of the industry and scrutinize all the industry’s features, factors, and elements that promise fluctuations to the market growth, including possible restraints points and more.
The Key Points Covered in The Report:
The report is compiled systematically and methodically, with each section neatly covering its essence and influence in the market. Likewise, the report provides a credible selection of market dynamics consisting of the following major pillars of the industry’s study.
- Market Drivers
- Market Restraints
- Growth Opportunities
- Challenges
A separate section to provide the impact of COVID-19 on the market to better grasp the fluctuation during and after the pandemic.
Elaborated information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, technological advancement, the further scope for improvement, applications, and more.
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Dynamics of Market -
Market Geographical Dividation – The research report geographically covers: -
· UAE
· Saudi Arabia
· Qatar
· Oman
· Bahrain
· Kuwait
Market Driver: 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.
Market Growth Restraints: Rising Cyber Security Attacks in Healthcare Sector
Due to rising digital innovations, organizations are becoming more susceptible to online attacks in GCC countries. These connected care medical devices, such as heart rate monitors and insulin pumps, provide more entry points for hackers as data security is not prioritized in their design. However, the devices might not store patients’ data, but attackers could leverage devices to plan a cyber-attack on the server that holds the crucial information. Therefore, rising concerns over cyber security in connected care devices are considered one of the major challenges in the healthcare industry.
Analysis of Market Leading Companies
This report section covers the area in combination with an exhaustive compilation of the key players and market participants in the market, fuelling, stimulating, and regulating the industry. In addition, the report covers the business strategies, plans, initiatives, profit/loss study, mergers & acquisitions, product launches, modifications, and more to equip the stakeholder with calculative tools towards yielding higher profits. Thus, for the GCC Connected Medical Devices market, the top market participants include: -
· Fitbit, Inc.
· Abbott Laboratories
· Medtronic
· Omron Healthcare, Inc.
· Dexcom
· Withings SAS
· Vital connect
· Polar Electro
· Apple, Inc.
· Garmin
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Segmental Division of the Market
The market is highly divaricated and bifurcates into various segments. These bifurcations are represented in the report grouped on the basis of a common element, and thus further investigation is performed. Furthermore, the report provides data on each high-performer segment in each group of features and information about the reasons behind the part acquiring a higher share or flourishing more in the industry. Thus, a deep analysis of various market elements is presented by categorizing the segments. As a result, the market is spread in the following:
By Device Type
o Diagnostic Devices
§ Insulin Pumps
§ Pulse Oximeter
§ ECG Monitor
§ Smart Watches
§ Cardioverter Defibrillator
§ Wearable Electrocardiographs
§ Sleep Monitors
§ Others (Electronic skin patches, fitness tracker etc.)
o Therapeutic Devices
§ Pain Management
§ Respiratory Therapy Management
§ Rehabilitation Devices
By Product Site
o Handheld
o Headband
o Strap/Clip
o Shoe sensors
o Others (Clip, bracelet etc.)
By Application Type
o Fitness monitoring
o Remote patient monitoring
o Diabetes/Obesity care
o Cardiac Health
o Others (Home healthcare, sleep tracking etc.)
By Distribution Channel
o Online Stores
o Retail Pharmacies
o Others (Supermarkets/Hypermarkets)
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The analysts provide customization offers, so the stakeholder can customize and personalize the report to their needs and wants. The analysts focus on the required elements and sculpt the study according to the wishes of the stakeholders. Additionally, the research report focuses on the systematic organization of data, with each section divided into chapters and further classifications to present an easy, time-saving, and smoothly navigable study. The elements surrounding and shaping the GCC Connected Medical Devices industry, including the industry’s profit-loss cycle, major and minor acquisitions and external factors, current trends, and more, are included in the study report.
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