UAE digital health start-ups raised $11.5bn in 2017

The global wearables medical devices market alone will reach $14.4bn by 2022, up from $6.22bn in 2017
UAE digital health start-ups raised $11.5bn in 2017
Digital health start-ups in the MENA region have raised $11.5 billion in 2017, up 27% from 2016, according to a report by healthcare exhibition Arab Health.
By Lubna Hamdan
Tue 16 Oct 2018 10:21 AM

Digital health start-ups in the MENA region have raised $11.5 billion in 2017, up 27% from 2016, according to a report by healthcare exhibition Arab Health.

The report, titled Technology: Accelerating Innovation Across Healthcare, revealed that the market is ripe for new healthcare start-ups.

“Over the years, we have seen growing interest in new products and innovations that will contribute to shaping the future of healthcare. Hospitals, medical device manufacturers and service providers across the globe are facing increasing pressure to innovate in order to become competitive," said Ross Williams, exhibition director of Arab Health.

The report also outlines the positive impact of technologies such as artificial intelligence, virtual reality, wearable technologies, 3D printing and drones as agents of transformation in healthcare.

According to data platform Research and Markets, the global wearables medical devices market alone will reach $14.4bn by 2022, up from $6.22bn in 2017.

“A shift towards preventative methods is needed more than ever as an alternative to curative medicine where appropriate. Healthy lifestyle apps, telehealth and patient engagement through technology will be the key,” Thom Soutter, director of business development at Synapse Medical Services, said in the report.

The 44th Arab Health Exhibition and Congress will take place from January 28 to 31 2019 at the Dubai World Trade Centre. It will welcome over 4,150 exhibiting companies from 66 countries and more than 84,500 attendees from across the globe.

Furthermore, the event, which is organised by Informa Life Sciences Exhibitions, will host the Innovation Hub, an area where attendees can immerse themselves in the latest healthcare innovations.

The hub is created in partnership with the UAE Ministry of Health and Prevention, Dubai Health Authority, Department of Health Abu Dhabi, and SEHA. It will also be the platform for the inaugural Innov8 Talks.

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