An instrument, apparatus, implant, machine, tool, in vitro reagent, or similar item used to detect, prevent, lessen, treat, or cure disease or other disorders is known as a medical device. Medical devices accomplish their objectives through physical, structural, or mechanical activity as opposed to chemical or metabolic action within or on the body, unlike medications or biologics. Examples include straightforward, low-risk (Class-I) devices like tongue depressors, medical thermometers, disposable gloves, and bedpans as well as sophisticated, high-risk (Class-II) gadgets that are implanted and extend life.
Qatar Medical Device Market Driving Factors and Challenges
An ageing population, an increase in chronic diseases, technical breakthroughs, government backing for the construction of the healthcare infrastructure, and greater access to digital health solutions are some of the main factors influencing the constant rise of medical equipment in Qatar. Artificial intelligence (AI) and other contemporary technologies are also assisting in enhancing diagnosis precision and enhancing patient medical histories. Additionally, the treatment of individuals with severe diseases and the increased frequency of chronic ailments are placing enormous strain on the healthcare systems of many nations. Longer hospital stays are associated with a bigger financial burden since the entire cost of care for a patient when they are an inpatient at a hospital is significantly higher. In addition to the efforts made by healthcare organisations to move patients to home care settings, market players are actively investing in research and development of cutting-edge and user-friendly medical equipment for the treatment of chronic diseases, such as specialised beds, person-lifting and transferring equipment, and toileting aids.
However, there are several challenges that limit the expansion of Qatar Medical Device market. Despite these optimistic trends, there are still several obstacles that must be overcome for the Qatari medical device industry to continue growing. These include challenges related to rules and compliance standards as well as a lack of experienced workers needed for the adoption and use of new technologies. Additionally, given that the majority of hospitals rely on imported goods and services, market volatility internationally frequently results in domestic price inflation, which can negatively affect the cost of patient care and the general operational effectiveness at hospitals, clinics, and labsThe high cost of these devices, which includes a significantly higher acquisition cost and ongoing maintenance charges, raises the entire cost of ownership of the equipment. Some of the more sophisticated gadgets come with a number of additional parts, including chips, batteries, sensors, and other accessories that must be periodically replaced.
Impact of COVID-19 on Qatar Medical Device Market
Supply chains are being disrupted by the coronavirus pandemic, and the medical device industry is suffering the most. The manufacturing situation has been affected, and the COVID-19 epidemic has altered the working environment for many organisations. The majority of businesses have increased their production capacity to keep up with the rising demand for necessities. Covid-19 had a significant negative impact on the global medical device market as a whole, which had an immediate impact on hospital capacity as well as patient access to care for various conditions. The coronavirus epidemic sparked an unheard-of rise in demand for medical supplies. The supply chain for COVID-19 pertinent medical devices, including personal protective equipment (PPE), ventilators, and testing supplies and equipment, was not ready to meet the increased demand.
Qatar Medical Device Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Aamal Medical, ABM4 Scientific WLL, Al Danah Medical Company W.L.L, Al Tafaol Trading Company W.LL, Al-Fateh Medical Company, Ali Al Suwaidi Trading Est (Al Nasr), Others.
Qatar Medical Device Market Segmentation:
By Type: Based on the Type, Qatar Medical Device Market is segmented as; Cardiovascular Devices, Diabetes Care, Diagnostic Devices, IVD, MIS, Orthopedic Devices, Wound Management, Others.
By Applications: Based on the Applications, Qatar Medical Device Market is segmented as; Clinics, Hospitals & Ambulatory Surgical Centers, Others.
By Region: This research also includes data for Eastern region, Northern region, Southern region, Western region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.