Features

Exponential growth expected in global medical device sector

As the sector witnesses a 'resurgence of small acquisitions', global medical device and technology growth is to go up by 5 per cent or more annually until 2022, reaching around $530 million, market research firm Evaluate reveals. The role of technology is vast in the field of medicine as it is considered to be the driving force behind healthcare improvements, aiding doctors to diagnose, study and treat the specific parts of the body in a short period of time. However, during the 18th century doctors and biomedical specialists had developed numerous instruments such as thermometer,…

Beyond the cold chain – Market Trends

Final mile transportation and subsequent user storage conditions present unique challenges when it comes to ensuring the safe and effective use of pharmaceutical products. by Corneliu Tobescu, Chief Operation Officer at Berlinger & Co AG INTRODUCTION Cold Chain logistics is a $10 billion component of the $1 trillion global pharma industry. Around 80 per cent of drugs require temperature controlled transportation and the trend is distinctly upwards. In some drug categories the proportion is even higher. For example, according to the World Health Organisation, more than 90 per cent of all vaccines require…

Handle with Care – Medical Gas Training

Having successfully executed many prestigious government and private sector projects, the Aras Group of Companies are specialist in medical & Laboratory gas engineering systems along with design, supply, training, installation, testing & commissioning PPM, AMC and operation & maintenance for complete range of medical, biomedical, laboratory and architectural engineering system. Pengineering solutions across the United Arab Emirates, United States and India for over three d e c a d e s , t h e A r a s G ro u…

Dubai Medical Tourism: Relief in the desert

The Muslim market, 72 percent of which originates from OIC countries, is the second largest travel market next only to China ($168 billion) and ahead of the United States ($147 billion). “ T h i s u pwa rd t re n d p re s e n t s g o o d b u s i n e s s opportunities for the industry. However, stakeholders should start addressing challenges to make the most of the momentum and boost tourism activities,” Badri said. MEDICAL…

Healthy growth continues with GCC healthcare construction market

Life expectancy in the GCC improved to an average of 76.4 years in 2014 (as per World Bank)  from approximately 62 years in 1970. This essentially means that statistically people are living much longer than what they used to do over 40 years ago, leading to slower subtraction from the population equation. Moreover, this also highlights the rise in the ageing population which draws attention towards the demand for specialized old age health centers and pain management centers. The healthcare construction market in the GCC appears to be growing at a steady rate…