Dubai welcomes influx of laboratory medicine innovators
Laboratory medicine in the Middle East is seeing healthy growth as rising government support for the healthcare sector and increasing healthcare expenditure drive innovation and investment.
The trend helped Medlab Middle East 2019, the MENA region’s largest medical laboratory exhibition and congress, attract more than 25,661 attendees – a 6% year on year increase, with expectations the 2020 event at the Dubai World Trade Centre would grow even further.
The 2019 edition generated more than US$152 million worth of business, with a further US$329 million in business deals over the subsequent 12 months after the show as operators in the MENA sought to find products, make new investments, gain new knowledge or strengthen business ties with the global clinical laboratory market.
This included a joint venture between Indian Neuberg Diagnostics and US-based OptraSCAN® Inc. to launch a Global TELEPath™ Network for the pathologist community in UAE, India and South Africa, making on-demand cutting-edge digital pathology solutions available to leading hospitals in the Middle East region.
Wise Guy Research Consultants indicated the value of the MEA clinical services market will reach more than US$14 billion by 2023, at a compound annual growth rate (CAGR) of 3.8%. The potential growth of the region’s market is further underlined by global growth predictions of over US$333 billion during the same time period.
Drivers pushing regional market growth including an ageing population, emerging economies, technological advances, and the increasing pace of R&D in the Middle East. A number of government efforts such as investment from Sharjah’s Healthcare City and the 2015 Dubai Clinical Services Capacity Plan are expected to invest billions of dollars into filling the gaps in the clinical services market.
Tom Coleman, Group Exhibition Director, Informa Markets Healthcare, said: “Medlab Middle East has an integral role in developing the value of laboratory medicine and shaping the future of the MENA region’s healthcare sector. Under a central show theme this year of Transforming tomorrow’s diagnostics, the Medlab Middle East platform will showcase how innovative technological advances are crucial to the development of the future of laboratory medicine in the region.”
The recently-concluded 2020 show included an inaugural Transformation Hub, a dedicated zone showcasing advanced clinical laboratory products by SMEs and new-to-market pioneers transforming diagnostics and advancing healthcare. These included automation, information technology and laboratory measurement testing and technology.
A conference programme of 12 Continuing Medical Education (CME) multi-disciplinary conferences was expected to attract some 4,500 delegates and 120 international speakers for streamed content including Blood Transfusion Medicine, Laboratory Innovation, and Digital Pathology.
A community impact project saw the show include its first-ever Blood Donation Drive, in partnership with Dubai Healthcare Authority (DHA), as part of the show’s commitment to the safe and effective blood collection in the region. A mobile blood donation clinic accepted donations from all UAE residents for the duration of the event.
Showing the importance of the growing industry to the region, Medlab Middle East was officially supported by the UAE Ministry of Health and Prevention, Government of Dubai, Dubai Health Authority, Abu Dhabi Department of Health and Dubai Healthcare City Authority.
Published Date: 10/02/2020