A medical test is the medical process functioned to diagnose, detect, or monitor diseases, disease procedures, susceptibility, or to determine the course of the treatment. The medical tests likewise visual exams and physical, genetic testing, diagnostic imaging, chemical and cellular analysis, concerning to clinical chemistry and molecular diagnostic, are classically functioned in the medical setting. Whereas, the diagnostic test is process functioned to ensure or determine the existence of disease in a single suspected of having a syndrome, primarily following the report of symptoms, or reliant on other medical test results. This comprises posthumous diagnosis.
According to the report analysis, ‘UAE Diagnostic and Medical Testing Market Current Analysis and Forecast (2017-2026)’ states that with the significant growth in lifestyle diseases, shift in care models and ground-breaking healthcare delivery methods around the globe including the aim on preventative rather than curative care, the diagnostics & medical testing industry around the UAE is well poised to augment. The Clinical laboratory services are a critical module of the healthcare sphere given their impact and efficiency to deliver consistent and high-quality healthcare to patients. Laboratory tests support determine the existence, magnitude or absenteeism of disease and monitor the effectiveness of treatment.
Some of the major players functioning in the market comprise NRL (National Reference Laboratories), Al Borg lab, Medsol, MENA Labs, Purehealth, Unilabs, Cleveland Clinic Abu Dhabi, SRL Diagnostics UAE, Thumbay Labs, Life Diagnostics & York Lab. Several M&A’s along with partnerships have been undertaken by these players to boost their existence in dissimilar countries in the region.
Although, NRL, Al Borg Lab, Medsol, MENA Labs, Purehealth, Unilabs, Cleveland Clinic Abu Dhabi, SRL Diagnostics, Thumbay Labs, Life Diagnostics, Yok Labs are some of the prominent players functioning in the UAE Diagnostics and Medical Testing market. Numerous M&As along with partnerships have been undertaken by these players to simplify customers with hi-tech and ground-breaking products/technologies.
Based on Testing Model, the UAE Diagnostics and Medical Testing market is classified into in-house and Outsourced. Amongst testing model, in-house registered for a market valuation of US$ XX during 2020 and is predicted to reach US$ XX million by the year 2026, at a CAGR of XX % over the analyzed duration. In-house testing model are less luxurious, convenient and confidential coupled with assistance in diagnosing disease at early stage. Therefore, in-house testing model is predicted to grab noteworthy market share in the forecasted duration as well.
Furthermore, other aspects such as easy availability of devices, growth in awareness connected to usage of diagnostics and medical testing products, and existence of large number of geriatric populations suffering from several chronic syndromes also underwrite to the growth of the market. Not only has this, existence of large number of key players in UAE is another foremost aspect that propels the diagnostic and medical testing market. Therefore, in the near years, it is predicted that the market of diagnostic and medical testing will increase around UAE more proficiently over the near years.
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UAE Diagnostic and Medical Testing Market
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