Arab Health, the largest gathering of healthcare and trade professionals in the MENA region, is all set to take place between January 27 to 30, 2020, at the Dubai World Trade Centre and Conrad Dubai Hotel. The upcoming edition of the event will welcome more than 4,250 exhibiting companies and 106,900 professional visits from 159 countries. The Arab Health 2020 exhibition show floor will be split into sectors according to main product categories. This move has been made to increase the traffic within the halls with the relevant audience interested in the product category, increasing quality leads for business. Moreover, close proximity of related exhibitors in a hall will increase the number of visitor meetings that can take place in a time frame, versus walking through more than 64,000 square metres exhibition space. Below is an in-depth look at the different sectors:
Medical equipment and devices
According to a latest Global Medical Device Market Research report for 2018-2022, the global medical device market size is set to achieve an incremental growth of nearly US$120 billion, registering a compound annual growth rate (CAGR) of more than 5 per cent during the forecast period. A recent report by Dubai Exports further highlighted that the pharmaceuticals and medical equipment sectors are one of the six target sectors of the Dubai Industrial Strategy (DIS) 2030. Reportedly, the domestic market for the sector will alone be worth about AED 5 billion in 2021, while the MENA market will reach almost US$10 billion by 2021 growing at around 7 per cent per annum.
Disposables and consumer goods
A recent report highlighted that the medical disposables market is anticipated to reach over US$365.1 billion by 2026. In 2017, drug delivery dominated the worldwide medical disposable industry. Reportedly, Asia-Pacific has been one of the leading contributors to the global market revenue. The increasing number of technologically advanced products and continuous research and development also continue to drive market growth in this segment.
Imaging and diagnostics
The global medical digital imaging systems market size was valued at US$14.55 billion in 2017. It is likely to expand at a 7.7 per cent Compound Annual Growth Rate (CAGR) between 2019 to 2025. Plus, the global 3D medical imaging market was valued US$15.9 billion in 2017 and is expected to reach US$30.3 billion by 2026, at a CAGR of 8.39 per cent till 2026. Surging demand for effective early diagnostic methods and widening base of the ageing population have been instrumental in driving the market.
Preventive and post-diagnostic treatments
Patients are today increasingly aware that preventive measures allow them to have a better-quality and stress-free life. Along with affordability, easy availability of diagnostic devices capable of early detection of the asymptomatic diseases is expected to fuel growth in this sector. The global preventive healthcare technologies and services market size was valued at US$139.1 billion in 2015 and is projected to grow at a CAGR of over 12 per cent between 2018 to 2024. This growth can be attributed to the increasing prevalence of lifestyle-associated and other chronic diseases.
Healthcare and general services
Global healthcare expenditures are expected to continue to rise as spending is projected to increase at an annual rate of 5.4 per cent between 2017-2022, from US$7.724 trillion to US$10.059 trillion. The emergence of personalised medicine, increased use of technologies, entry of disruptive and non-traditional competitors, the demand for expanded care delivery sites, and revamped payment models are all impacting the financial performance of the healthcare ecosystem.
Healthcare infrastructure and assets
Reportedly, more than US$200 billion will be injected into the global healthcare infrastructure market over the next five years. In the GCC, in view of the anticipated rise in the number of patients, the region is expected to require 12,358 new hospital beds by 2022, according to an Alpen Capital report. This translates into an estimated annual average growth of 2.2 per cent from 2017 to reach a collective bed capacity of 118,295. The high incidence of chronic cases has led to an increase in demand for beds. Although general hospitals are not running at optimal capacity, the need for beds is rising particularly in areas of specialised care, long-term care and rehabilitation care, among others. The report added that the demand in the UAE is anticipated at more than 2,000 new beds in the coming years.
IT systems and solutions
The global healthcare IT solutions market will be worth US$228.79 billion by 2020, growing at a CAGR of 13.4 per cent, a recent report found. This growth is attributed to the rising adoption of healthcare IT solutions by healthcare providers to meet regulatory requirements for patient care and safety, increasing need to curtail costs, and growing need to improve healthcare quality while maintaining operational efficiency. The governments and private healthcare providers in the GCC are investing heavily in technology implementation and upgrades. Most of the governments are working on electronic medical records (EMR) to monitor and improve health outcomes.
Orthopaedics and physiotherapy/rehabilitation
High prevalence of orthopaedic conditions such as degenerative bone disease coupled with early onset of musculoskeletal conditions triggered by obesity and sedentary lifestyle are expected to advance the growth of the market. The rapidly growing lifestyle diseases in the GCC has prompted investments in specialised hospitals and clinics. Such centres are being built with a focus on orthopaedics, for example, and offer state-of-the-art technology, enhanced patient-centric care and high-quality standards. Technological advances in 3D printing, robot-assisted surgical procedures, and smart implants further represent high impact driving factors for the global rehabilitation industry.
At these dedicated halls, dealers and distributors, health managers and hospital administrators among others, from around the world, will be stopping by to see the latest products being exhibited and make key purchasing decisions on the spot.
From Prevention to Innovation
A new addition to the Arab Health roster, “From Prevention to Innovation” a two-day conference (Jan 27 and 28) is the first SEHA-Mayo collaborative meeting highlighting the relationship between the two institutions. Aligning with the bigger trends in the UAE, this conference will look at covering the prevention of disease to the most recent innovation in the care of the complex patient, with the added value of artificial intelligence and connected care. The conference will include prominent speakers from SEHA who will open up each session and will be followed by specialised talks from Mayo Clinic experts.
Healthcare Investment Forum
The Investment Conference, taking place from 29-30 January, will be held for the first time at Arab Health and will be the place for influential players who are driving a change in healthcare, and investors who are fuelling that change. This forum is the arena to stimulate more investment, more change and learning in the healthcare system in the UAE and the region. With a venue designed for intimate talks, the forum will be the driving force towards understanding healthcare investment in all facets, including investing in health tech, real estate, understanding the current landscape and what the future holds.
Healthcare Infrastructure Forum
The free-to-attend Healthcare Infrastructure Forum is another new introduction to Arab Health, offering updates from key industry leaders in the fields of infrastructure, spanning the lifecycle of a healthcare facility; from vision through to the design and build, management and operation.
Focus on sustainability
Arab Health has a number of opportunities to improve impact environmentally, socially and economically in the region. This year the event is becoming more responsible and playing a role in helping the market improve its own sustainability through connecting people with the networks and knowledge to help solve the big challenges in the healthcare sector