UAE Artificial Organs & Bionic Implants Market By Product (Artificial Organs, Bionic Implants), Application (Cardiovascular, Orthopedics, Ophthalmology, Neurology, Others), & End-User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers) for 2024-2031
Report ID: 465370|No. of Pages: 202
UAE Artificial Organs & Bionic Implants Market By Product (Artificial Organs, Bionic Implants), Application (Cardiovascular, Orthopedics, Ophthalmology, Neurology, Others), & End-User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers) for 2024-2031
UAE Artificial Organs & Bionic Implants Market Valuation – 2024-2031
The UAE artificial organs and bionic implants market is expected to be driven by the growing prevalence of chronic diseases, advancements in medical technology, and rising awareness about the benefits of these devices. According to the analyst from Verified Market Research, the UAE artificial organs and bionic implants market is estimated to reach a valuation of USD 480 Million by 2031, growing from around USD 355 Million in 2023.
The rapid expansion of the UAE artificial organs and bionic implants market is primarily driven by the country’s focus on healthcare infrastructure development, the increasing geriatric population, and the growing adoption of minimally invasive surgical procedures. It enables the market to grow at a CAGR of 5.31% from 2024 to 2031.
>>> Get | Download Sample Report @ – https://www.verifiedmarketresearch.com/download-sample/?rid=465370
UAE Artificial Organs & Bionic Implants Market: Definition/ Overview
Artificial organs and bionic implants are medical devices designed to replace or enhance the function of damaged or diseased organs and body parts. These advanced technologies aim to improve the quality of life for patients suffering from various medical conditions, such as organ failure, limb amputations, and neurological disorders.
Artificial organs, which include artificial hearts, kidneys, and lungs, are engineered to mimic the structure and function of their biological counterparts. Bionic implants, on the other hand, are prosthetic devices that integrate with the body’s nervous system, allowing for improved sensory and motor functions.
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
What's inside a VMR
industry report?
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=465370
What are the Key Drivers Propelling the Growth of the UAE Artificial Organs & Bionic Implants Market?
The UAE has a high prevalence of chronic ailments such as diabetes, cardiovascular disease, and organ failure, which increases demand for artificial organs and implants. The International Diabetes Federation projected that roughly 16.3% of UAE individuals will be living with diabetes in 2021, one of the highest rates internationally, putting a significant demand on organ donations and artificial devices to address related diseases.?
The UAE government is making major investments in medical research and improved healthcare infrastructure, promoting growth in high-tech medical disciplines such as artificial organs and implants. The UAE’s National Innovation Strategy, which aims to establish the country as one of the most inventive in the world, includes healthcare as a core area. This dedication promotes market expansion as facilities employ innovative medical technologies such as bionic implants.
Furthermore, the UAE’s aging population is expected to grow, increasing the demand for medical devices to treat age-related organ failure and mobility concerns. According to the UAE Federal Competitiveness and Statistics Authority, the geriatric population is predicted to grow, fueling demand for bionic gadgets and artificial organs that improve seniors’ quality of life and longevity.
What are the Key Challenges Associated with the Adoption of Artificial Organs & Bionic Implants in the Market?
One major challenge in adopting artificial organs and bionic implants is the high cost associated with these advanced medical devices, which makes them inaccessible to a large segment of the population. The intricate design and sophisticated technology behind artificial organs and implants lead to substantial manufacturing and development costs, which are passed down to healthcare providers and, ultimately, patients. For healthcare systems, particularly those not heavily subsidized, the costs limit widespread adoption. Patients needing these devices face significant out-of-pocket expenses or limited insurance coverage, which create disparities in access to life-saving or life-enhancing technologies.
Another key challenge is the regulatory and ethical considerations surrounding artificial organs and bionic implants. Regulatory bodies must ensure these devices are safe, effective, and reliable, leading to a lengthy approval process. This slows down the introduction of new advancements into the market, especially when it comes to innovations like neural-controlled prosthetics or fully artificial organs. Ethical concerns, such as those related to the enhancement of human abilities beyond natural limits or potential impacts on personal identity, also require careful consideration and regulation. This complexity in regulation and ethical scrutiny often adds layers of delay and cost to the market.
Furthermore, technical, and biological integration issues present challenges for both manufacturers and healthcare providers. For artificial organs and bionic implants to work effectively, they must be compatible with the patient’s body, posing risks of rejection, infection, or device failure. Long-term success relies on the body’s acceptance of these implants, and complications lead to additional surgeries or treatments. This ongoing need for maintenance and monitoring requires specialized training and resources, which are not available in all healthcare facilities, especially in less technologically developed regions. Addressing these technical challenges will be essential for the broader and sustainable adoption of artificial organs and bionic implants in the healthcare market.
Category-Wise Acumens
What Drivers Contribute to the Demand for Artificial Organs in the UAE?
The artificial organs segment is expected to dominate the UAE artificial organs and bionic implants market during the forecast period. The growing prevalence of organ failures, particularly in the cardiovascular and renal systems, has driven the demand for artificial organs, such as artificial hearts and kidneys, in the UAE.
The limited availability of organ donors and the long waiting lists for traditional organ transplantation have further contributed to the increased adoption of artificial organs, as these solutions offer a viable alternative for patients in critical need of organ replacement.
Additionally, the UAE government’s focus on improving healthcare outcomes and reducing the burden of chronic diseases has led to increased investment and research in the development of advanced artificial organ technologies. This, in turn, has fostered the growth of the artificial organs segment in the UAE market.
What are the Potential Factors for the Growth of Artificial Organs & Bionic Implants in the Hospitals?
The hospital segment is estimated to exhibit significant growth in the UAE artificial organs and bionic implants market during the forecast period. Hospitals are experiencing a growing demand for organ transplants, with artificial organs serving as viable alternatives when donor organs are unavailable. As more patients require transplants due to conditions like organ failure and injury, artificial organs, and bionic implants offer a practical solution, helping reduce dependency on donor organs and lowering waitlist times. Hospitals address urgent transplant needs and provide enhanced rehabilitation options with bionic limbs and neural-controlled prosthetics, which improve patients’ quality of life.
Continuous innovation in biomedical engineering, regenerative medicine, and material science drives the adoption of artificial organs and implants in hospital settings. Innovations such as 3D printing, bio-compatible materials, and neural integration allow for custom-made, durable, and effective implants, meeting the specific needs of individual patients. Hospitals are likely to adopt these technologies as they promise better patient outcomes, fewer complications, and more personalized healthcare solutions, making artificial organs and bionic implants attractive for both providers and patients.
Furthermore, many governments are prioritizing healthcare innovation by offering grants, tax incentives, and subsidies to hospitals investing in advanced medical devices. This support enables hospitals to integrate high-cost technologies like artificial organs and bionic implants into their offerings, improving accessibility for patients. Additionally, public health initiatives aimed at expanding healthcare access further encourage hospitals to adopt these devices, especially as governments focus on meeting healthcare demand and managing chronic diseases within the population.
Gain Access to UAE Artificial Organs & Bionic Implants Market Report Methodology
https://www.verifiedmarketresearch.com/select-licence/?rid=465370
Country/Region-wise Acumens
What are the Key Factors that Contribute to Dubai’s Edge in the Market?
According to VMR Analyst, Dubai is estimated to dominate the artificial organs and bionic implants market during the forecast period. Dubai’s well-developed healthcare infrastructure and status as a top destination for medical tourism drive the demand for cutting-edge treatments like artificial organs and bionic implants. According to the Dubai Health Authority (DHA), the emirate attracted over 630,000 international medical tourists in 2021, with a significant focus on specialized treatments. This influx of medical tourists, seeking high-quality care and advanced procedures, supports a growing market for innovative medical devices and implants in Dubai, enhancing the city’s reputation as a healthcare leader.
Dubai’s government is heavily investing in healthcare technology and innovation, creating a favorable environment for adopting artificial organs and bionic implants. The Dubai 2040 Urban Master Plan includes significant investments in healthcare, aiming to increase medical service availability and foster cutting-edge medical advancements. Moreover, the Dubai Future Foundation’s initiatives, such as the Dubai Health Innovation Strategy, underscore the emirate’s commitment to becoming a global hub for healthcare technology, accelerating the adoption of advanced medical devices in local hospitals.
Furthermore, Dubai is experiencing a rising incidence of chronic and age-related diseases, creating a demand for artificial organs and bionic implants. Conditions such as cardiovascular diseases and diabetes are prevalent in the UAE, particularly among the aging population, which is projected to increase significantly. The UAE Ministry of Health and Prevention has reported a high prevalence of lifestyle-related diseases, increasing the need for complex medical devices like artificial organs and implants to manage health complications effectively.
How Do Government Initiatives Shape the Market Landscape in Abu Dhabi?
Abu Dhabi is estimated to exhibit the highest growth within the artificial organs and bionic implants market during the forecast period. Abu Dhabi’s government is prioritizing healthcare advancements, which support the adoption of artificial organs and bionic implants. The Department of Health – Abu Dhabi (DoH) has launched initiatives like the Abu Dhabi Healthcare Strategic Plan to develop advanced healthcare capabilities and ensure high-quality services. This commitment to enhancing healthcare infrastructure drives the adoption of innovative medical technologies, positioning Abu Dhabi as a leader in medical advancements within the UAE.
Like other regions in the UAE, Abu Dhabi faces a rising prevalence of chronic diseases, including diabetes and cardiovascular conditions, which fuels demand for artificial organs and bionic implants. With the UAE’s high diabetes rate among the adult population, artificial organs play a crucial role in treating complications associated with these conditions. Abu Dhabi’s Health Authority has prioritized efforts to manage chronic conditions, which contributes to the market’s growth as more patients require advanced medical devices for treatment.
Furthermore, Abu Dhabi is investing heavily in medical research and technological innovation, making it a hub for healthcare innovation. The Mubadala Health Network, based in Abu Dhabi, is committed to introducing cutting-edge medical solutions, including artificial organs and bionic implants, to provide advanced treatments. With initiatives focused on promoting biotechnology and health sciences, Abu Dhabi is well-positioned to drive market growth for artificial organs, particularly as it seeks to attract international talent and promote medical research within the Emirates.
Competitive Landscape
The UAE artificial organs and bionic implants market is characterized by the presence of both global and regional players, all striving to establish a strong foothold in this rapidly growing market.
Some of the prominent players operating in the UAE artificial organs and bionic implants market include Medtronic plc, Boston Scientific Corporation, Braun Melsungen AG, Stryker Corporation, Abbott Laboratories, LivaNova PLC, Cochlear Ltd., AWAK Technologies, Sensory Inc., Otto Bock Healthcare GmbH.
Latest Developments
- In January 2021, Medtronic plc announced the launch of its new artificial heart, the Syncardia Total Artificial Heart, in the Middle East region, including the UAE.
- In June 2020, Boston Scientific Corporation received regulatory approval for its Acurate neo2 aortic valve system in the UAE, expanding its portfolio of transcatheter aortic valve replacement (TAVR) solutions in the country.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2018-2031 |
| Growth Rate | CAGR of ~5.31% from 2024 to 2031 |
| Base Year for Valuation | 2023 |
| Historical Period | 2020-2022 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Million |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis. |
| Segments Covered |
|
| Regions Covered |
|
| Key Players | Medtronic plc, Boston Scientific Corporation, Braun Melsungen AG, Stryker Corporation, Abbott Laboratories, LivaNova PLC, Cochlear Ltd., AWAK Technologies, Sensory Inc., Otto Bock Healthcare GmbH. |
| Customization | Report customization along with purchase available upon request. |
UAE Artificial Organs & Bionic Implants Market, By Category
Product:
- Artificial Organs
- Bionic Implants
Application:
- Cardiovascular
- Orthopedics
- Ophthalmology
- Neurology
- Others
End-user:
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
Geography:
- Dubai
- Abu Dhabi
- Sharjah and Northern Emirates
Research Methodology of Verified Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF UAE ARTIFICIAL ORGANS & BIONIC IMPLANTS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 UAE ARTIFICIAL ORGANS & BIONIC IMPLANTS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 UAE ARTIFICIAL ORGANS & BIONIC IMPLANTS MARKET, BY PRODUCT
5.1 Overview
5.2 Artificial Organs
5.3 Bionic Implants
6 UAE ARTIFICIAL ORGANS & BIONIC IMPLANTS MARKET, BY APPLICATION
6.1 Overview
6.2 Cardiovascular
6.3 Orthopedics
6.4 Ophthalmology
6.5 Neurology
6.6 Others
7 UAE ARTIFICIAL ORGANS & BIONIC IMPLANTS MARKET, BY END-USER
7.1 Overview
7.2 Hospitals
7.3 Specialty Clinics
7.4 Ambulatory Surgical Centers
8 UAE ARTIFICIAL ORGANS & BIONIC IMPLANTS MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East & Africa
9 UAE ARTIFICIAL ORGANS & BIONIC IMPLANTS MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Medtronic plc
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Boston Scientific Corporation
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Braun Melsungen AG
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Stryker Corporation
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Abbott Laboratories
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 LivaNova PLC
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Cochlear Ltd.
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 AWAK Technologies
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
11 Appendix
11.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
