UAE Health Tech Market Outlook to 2026 - Driven by Increasing demand for Faster Delivery & Convenience and Shifting Customer behavior

About the Report

About the Report

The report titled “UAE Health Tech Market Outlook to 2026 - Driven by Increasing demand for Faster Delivery & Convenience and Shifting Customer behavior provides a comprehensive analysis on the status of the Health Tech Market in UAE. The report includes three segments of the Health Tech Market – E-Pharmacy, Online Consultation, IT Healthcare Solutions. The report includes various aspects including, the evolution of the Health Tech Industry, comparison of the various players operating in the UAE market, need & opportunities for the Health Tech Market in UAE describing the market trends, the growth drivers and the challenges faced by the industry.

It includes detailed explanation of the various operating model which is being followed by major Health Tech players, developments, challenges, seasonality trends, current & upcoming technologies facilitating the industry. It gives detailed explanation of investment analysis, competitive scenario including cross comparison between major players, SWOT Analysis, and detailed company profiles of major players including their strength and weaknesses along with analyst recommendations.

Market Overview

UAE Health Tech market provides the convenience of fastest possible doorstep delivery of pharmaceutical products, convenient and instantaneous teleconsultation services which patients can avail and software products used by Hospitals, pharmacies and clinics. The Significant increase in chronic and lifestyle disease, growing aging population, increase in private and public expenditure on health along with shift in consumer behavior during the pandemic are contributing factors for growth in the Health Tech Market.

The Health Tech Industry is currently positioned in the Early Growing Stage and is anticipated to showcase a double digit CAGR during 2018 and 2021. Increasing tendency of self-diagnosis among the population and higher affordability over the online platforms with inclusive tax relaxations, and subscription-based benefits further drives the growth of the Health Tech Market.

Market Segmentation

By Product Category:

HealthCare IT Systems contributes the most in terms of revenue currently as it has relatively higher GTV than other categories and is expected to be the highest contributing category, followed by E-Pharmacy.

Online Consultations contribute the least because customer still prefer the personal experience of visiting a doctor offline.

E-Pharmacy Market:

Online Pharmacy Companies benefit in the UAE primarily as the nation has complete Internet Penetration, ~98% smartphone penetration & Technology Awareness as compared to other countries in the GCC with Life Pharmacy and BinSina dominating the market.

The consumption of Over the counter (OTC) drugs, rise of dietary supplements, increasing demand for nutrition-enriched products, and soaring consumption of multivitamins is contributing to the growth in the market.

Convenience and Reduced costs of drugs sold online are factors shifting customer behavior. Consolidation of e-pharmacies with supply chain efficiencies and improved engagement with pharma companies. Technological changes such as remote monitoring, data analytics to predict customer preferences and demand of drugs can enhance customer experience. The UAE E-Pharmacy market is expected to have a double digit CAGR during 2022 to 2026.

Online Consultation Market:

Social distancing and stay-at-home orders toppled the conventional care delivery model and enabled many healthcare providers to adopt telemedicine and virtual patient monitoring. The industry had a double digit CAGR in terms of GTV during the review period 2018 to 2021P.

The Teleconsultation market is split into Video & Chat Consultation of which the former dominates the market due to the convenience of communication via the visual medium allowing the doctor to better asses the patient’s condition. General practitioners are the most common type of doctor as the most common occurring diseases do not requiring specialized doctors.

Integration of fully virtual and near-virtual health solutions brings care closer to home, increasing convenience for patients to access care are the future trends and Online Consultation is expected to have a significant double digit CAGR during 2022 to 2026

IT HealthCare Solutions:

Improving clinical outcomes, reducing human errors, improving practice efficiencies, facilitating care coordination, and tracking data over time are the benefits of using software solutions in the HealthCare industry.

Clinical Management software dominates the market followed by hospitals as they are the most in number. Subscription based soft wares dominates as compared to those with annul licenses as this allows different establishments to try out he services of different companies before deciding which one suits them the best.

Enhanced security services, Big data Analytics and cloud computing are set to dominate the future trends of the market which is expected to grow at a double digit CAGR during 2022 to 2026.

Competitive Landscape

The industry is currently concentrated with presence of 9 major players operating in the E-Pharmacy in UAE, 5 major players in the online consultation market and 6 major players in the IT Solutions market. Fast Delivery, Lower Price, User Convenience, wide product assortment and availability & Ease of Payment are the major factors that influence the buying decision of the consumer. The major players include Life Pharmacy, 800 Pharmacy, Medicoplus, Intersystem, Altibbi and Okadoc.

Future Outlook and Projection

The demand for the UAE Health Tech Market is expected to expand with at a double digit CAGR on the basis of GTV between 2022 and 2026. Emergence of the teleconsultation platform ecosystem enabled by mobile medical units and intermediaries, VR technology, AI & Blockchain are some of the technologies to revolutionize the world.

Key Segments Covered

By Product Category

  • E-Pharmacy
  • Online Consultation
  • HealthCare IT Solutions

By Region

  • UAE
  • Sharjah
  • Ajman

By Business Model

  • Omni Channel Model
  • Inventory Led Model
  • E-Commerce Model
  • Annual Subscription Model

Companies Covered

  • Life Pharmacy
  • 800 Pharmacy
  • InstaShop
  • Aster Pharmacy
  • BinSina
  • Medicina
  • SouKare
  • Docib HealthCare
  • CHS Community Pharmacy
  • Altibbi
  • Okadoc
  • Healthigo
  • Health at Hand
  • Abu Dhabi Telemedicine Centre
  • Tru Doc 24x7
  • Intersystem
  • Cerner
  • Medicoplus
  • Insta-Practo
  • Simplex Himes
  • Safe Care Technology

Key Target Audience

  • UAE E-Pharmacy Companies
  • UAE Online Consultation Companies
  • UAE HealthCare IT Solutions Companies
  • Investors & Venture Capitalists

Time Period Captured in the Report: -

Historical Period: 2018 – 2021P

Forecast Period: 2022 – 2026.

Key Topics Covered in the Report

  • How is the UAE Health Tech Market positioned in the UAE?
  • Evolution of the UAE Health Tech Market
  • Consumer Purchase Behavior
  • Supply Ecosystem and Challenges
  • Market Size and Segmentation
  • SWOT Analysis
  • Current Technologies Facilitating UAE Health Tech Market
  • Upcoming Technologies in UAE Health Tech Market
  • Investment and Funding in UAE Health Tech Companies in UAE
  • Competitive Landscape – Cross Comparison of Major Players
  • Company Profiles
  • Case study & Analyst Recommendations
  • Research Methodology

 

Products

Products

Key Segments Covered

By Product Category

E-Pharmacy

Online Consultation

HealthCare IT Solutions

By Region

UAE

Sharjah

Ajman

By Business Model

Omni Channel Model

Inventory Led Model

E-Commerce Model

Annual Subscription Model

Key Target Audience

UAE E-Pharmacy Companies

UAE Online Consultation Companies

UAE HealthCare IT Solutions Companies

Investors & Venture Capitalists

Time Period Captured in the Report: -

Historical Period: 2018 – 2021P

Forecast Period: 2022 – 2026.


Companies

Companies Covered

Life Pharmacy

800 Pharmacy

InstaShop

Aster Pharmacy

BinSina

Medicina

SouKare

Docib HealthCare

CHS Community Pharmacy

Altibbi

Okadoc

Healthigo

Health at Hand

Abu Dhabi Telemedicine Centre

Tru Doc 24x7

Intersystem

Cerner

Medicoplus

Insta-Practo

Simplex Himes

Safe Care Technology

Table of Contents

Table of Contents

1. Executive Summary

 

 

1.1  UAE Health Tech Market Overview, 2021

1.2  UAE Health Tech Market Split.

2. UAE HealthCare Market Overview

 

 

2.1 UAE – Country Demographics

2.2 HealthCare Market Analysis

2.3 Target End Users

2.4 Regulator Environment

2.5 Health Tech Startup Timeline

3. Funding Scenario in the UAE Health Tech Market

 

 

3.1 Investment activities in the UAE Health Tech Market

3.2 Investment Map

4. UAE Health Tech Market Size & Segmentation

 

 

4.1 UAE Health Tech Market Size (2018-2021)

4.2 UAE Health Tech Market Segmentation (2018-2021)

5. UAE E-Pharmacy Market

 

 

5.1 Executive Summary

5.2 UAE E-Pharmacy Market Overview & Size (2017-2021)

5.3 Genesis and Overview

5.4 Market Value proposition

5.5 UAE E-Pharmacy Market Segmentation on the basis of

type of Drugs and Platform & Platform Used, 2021

5.6 Comparative Landscape in UAE E-Pharmacy Market

5.7  Market Share of Players in the UAE E-Pharmacy Market

5.8  SWOT Analysis of the UAE E-Pharmacy Market

5.9 Opportunities and Bottlenecks of the UAE E-Pharmacy Market

     5.10 UAE E-Pharmacy Market Future Outlook and Projections (2022-26)

6. UAE Online Consultation Market

 

 

6.1 Executive Summary

6.2 UAE Online Consultation Market Overview and Size, (2017-2021)

6.3 UAE Online Consultation Market Genesis & Overview

6.4 UAE E-Pharmacy Market Segmentation by Medium & Type of Doctor, 2021

6.5 Comparative Landscape in UAE Online Consultation Market

6.6 Operating Model in the UAE Online Consulting Market

6.7 SWOT Analysis of the UAE Online Consultation Market

6.8 Opportunities and Bottlenecks of the UAE E-Pharmacy Market

6.9 UAE Online Consultation Market Future Outlook and Projections (2022-26)

 

7. UAE HealthCare IT Solutions Market

 

 

7.1 Executive Summary

7.2 UAE Healthcare IT solutions Market Overview and Size, (2018-2021)

7.3 UAE Healthcare IT Genesis & Overview

7.4 UAE Healthcare IT solutions Market Segmentation, (2018-2021)

7.5 Comparative Landscape in UAE Healthcare IT solutions Market

7.6 SWOT Analysis of the UAE IT HealthCare Market

7.7 Opportunities and Bottlenecks of the UAE IT HealthCare Market

7.8 UAE Healthcare IT solutions Market Future Outlook and Projections (2022-2026)

 8. Company Profiles of Major Players in the UAE Health Tech Market

 

8.1 Life Pharmacy

8.2 Bin Sina Pharmacy

8.3 CHS Community Pharmacy

8.4 SouKare

8.5 Aster Pharmacy

8.6 Altibbi

8.7 Okadoc

8.8 Healthigo

8.9 Health at Hand

8.10 Abu Dhabi Telemedicine Centre

8.11 Tru Doc 24x7

8.12 Simplex Himes

10.UAE Health Tech Market Future

 

10.1 Outlook and Projections, 2026

10.2 By Market Segmentation, 2026

10.3 Future Trends and Way Forward

 

 

11.Appendix

 

11.1 Research Methodology

11.2 Disclaimer

11.3 Contact Us

 

 

 

     

 

     

 

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