The medical device market in Saudi Arabia is the largest in the MENA region with stable demand, growing at a single-digit compound annual growth rate (CAGR) during 2016-2021: Ken Research

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Ken Research

Saudi Arabia Medical Devices Industry Research Report Covers Saudi Arabia Surgical Sutures and Catgut Market, Saudi Arabia Infusion Pumps, Medical Devices Industry, Medical Devices Industry in Saudi Arabia, Bandages, Bandages, Medical Devices Industry and CT Diagnostic Products Market in Saudi Arabia Saudi Arabia, Saudi Arabia X-ray based products market, Saudi Arabia’s diagnostic ultrasound imaging products market, Saudi Arabia’s MRI diagnostic imaging products market, Saudi Arabia’s electrodiagnostic imaging products market, ECG diagnostic imaging products market in Saudi Arabia Cardiac devices market in Saudi Arabia Cardiac devices market in Saudi Arabia Cardiac devices market in Saudi Arabia ICD cardiac devices market Saudi Arabia implantable heart devices market Cardiac in the Kingdom of Saudi Arabia, the market for cardiac devices Heart and lung in Saudi Arabia, respiratory products market in Saudi Arabia, respiratory products market for humidifiers in Saudi Arabia.

GURUGRAM, India, August 5, 2022 (GLOBE NEWSWIRE) – The medical device market in Saudi Arabia is a highly price sensitive market that is highly dependent on foreign imports due to the backwardness of the domestic medical device industry.

Medical tourism is on the rise: Saudi Arabia’s Vision 2030 focused on improving the experience of pilgrims and achieving the annual goal of 30 million pilgrims by 2030, which provides for the provision of flexible healthcare settings and services. The increasing influx of medical tourists will increase the demand for quality healthcare services, medical devices and technology.

Import Reliant Market: Medical devices market in Saudi Arabia It is a very price sensitive and import dependent market with advanced medical devices imported from countries such as the United States, Germany, Japan and China. 40% of domestically manufactured devices are single-use devices made of plastic. Other products are reusable surgical instruments, detergents and solutions, general IVD devices, hospital furniture, dental and ophthalmic products. The low share of local production is largely due to the lack of capacity and the small number of local manufacturing companies in Saudi Arabia.

Demand for healthcare infrastructure: Saudi Arabia accounts for 60% of GCC healthcare expenditures, and the sector remains a top priority for the Saudi Arabian government. The government plans to spend US$36.8 billion on healthcare and social development, which is 14.4% of its 2022 budget, the third largest item after education and the military.

population growth The growing burden of chronic disease: The high population growth (1.51% from 2020 to 2021) and the increase in non-communicable diseases is driving the demand for better healthcare services and medical devices in Saudi Arabia. The government’s continued push for preventive care screening for chronic disease management is paving the way for the growth of the medical device market.

The report is entitledAn overview of medical devices in Saudi Arabia to 2026 – driven by the increasing prevalence of chronic diseases, health care awareness, and the country’s health care budgetIt provides a comprehensive analysis of the medical devices market in Saudi Arabia. The report covers various aspects including the current market size and production scenario, its segmentation, hardware type, sales channel, technology, end users and regional analysis, key trends and developments, issues and challenges, government regulations, and competition benchmarking. The report concludes with market projections for the future of the industry including the expected industry size by revenue.

Main sectors covered:-
By type of business

By way of selling

  • Distributor mediation

  • direct sales

Depending on the device type

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By type of medical consumables

  • Surgical gloves and masks

  • Syringes, needles, and catheters

  • Intravenous administration kits

  • stitches and stitches

  • infusion pumps

  • ostomy

  • Bandages, bandages, etc.

By type of diagnostic imaging product

Depending on the type of heart device

By type of respiratory products

  • oxygen concentrator

  • nebulizer

  • humidifier

  • fans

  • airway pressure devices

  • Aharon

According to the type of hospital furniture

  • Hospital beds with mechanical fittings and dentists chairs

  • Operating Tables

  • examination tables

  • Medical, surgical, dental or veterinary furniture

  • Aharon

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According to the type of auxiliary product

By type of dental and orthopedic products

By type of end users

  • Hospitals

  • clinics

  • laboratories and others

By type of area

Covered companies

  • Abbott

  • Baxter

  • B Brown

  • Becton Dickinson (BD)

  • Boston Scientific

  • Canon

  • cochlea

  • Drager

  • Fresenius Medical Care

  • Fujifilm

  • GE Healthcare

  • geting

  • Hill-Rom Holdings Inc.

  • Hitachi

  • Invacare Company

  • Johnson & Johnson

  • Medtronic

  • Nihon Kohden

  • Oticon

  • Paramount bed collectibles

  • Philips HealthTech

  • Siemens Healtheners

  • Smith and Nephew

  • Striker

  • Widex

  • Zimmer Biomite

Main target audience

  • medical device manufacturers

  • medical device distributors

  • Medical device importers

  • Research organizations and consulting firms

  • Governmental bodies such as regulators and policy makers

  • Market research and consulting firms

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Time period recorded in the report:-

The main topics covered in the report

  • Executive Summary

  • An overview of the healthcare system in the Kingdom of Saudi Arabia

  • Overview of the medical devices market in the Kingdom of Saudi Arabia

  • Industry life cycle and value chain for the medical device market in Saudi Arabia

  • The main market drivers in the medical devices market in the Kingdom of Saudi Arabia

  • The demand and supply ecosystem, preferences and trends across the medical device market in Saudi Arabia

  • The size of the medical devices market in the Kingdom of Saudi Arabia by revenue

  • Medical devices market in the Kingdom of Saudi Arabia by device type and sub-segments

  • Medical devices market in Saudi Arabia by end users

  • Medical devices market in the Kingdom of Saudi Arabia by regions (Riyadh, Jeddah, Dammam, Khobar, Qassim, Asir, etc.)

  • Competitive factors and evaluation in the medical devices market in the Kingdom of Saudi Arabia

  • Market trends and developments

  • Market issues and challenges

  • Government rules and regulations

  • Future forecasts for the medical devices market in the Kingdom of Saudi Arabia

  • Upcoming technologies in the medical device market

  • Analyst Recommendations

  • Medical consumables market in Saudi Arabia

  • Diagnostic imaging products market in the Kingdom of Saudi Arabia

  • Cardiac medical devices market in the Kingdom of Saudi Arabia

  • Respiratory medical devices market in Saudi Arabia

  • Hospital Furniture Products Market in Saudi Arabia

  • The market for auxiliary products in the Kingdom of Saudi Arabia

  • Dental products market in Saudi Arabia

  • Orthopedic products market in the Kingdom of Saudi Arabia

  • Ophthalmic devices market in Saudi Arabia

  • Hemodialysis machine market in Saudi Arabia

  • Medical devices market in hospitals in the Kingdom of Saudi Arabia

  • Clinics and medical devices market in the Kingdom of Saudi Arabia

  • Riyadh market for medical devices

  • Dammam medical devices market

  • Jeddah market for medical devices

  • Khobar market for medical devices

  • Qassim market for medical devices

  • Aseer market for medical devices

  • Medina market for medical devices

For more information about the research report, please refer to the link below:-
Medical devices market in Saudi Arabia

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The UAE is the fourth largest market for medical devices in the Middle East and Africa, growing at a compound annual growth rate of 8.7% in 2015-2020. It is a highly price sensitive and import dependent market with advanced medical devices imported from countries such as the United States, Germany, Japan and China and local production limited to prototype units, spare parts and consumables such as surgical gloves, syringes and needles. The UAE’s increasing budget allocations to the healthcare sector and ongoing healthcare development projects have played a pivotal role in the continued growth.

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The medical devices market in Kuwait is in a late growth stage (based on the distributor model) and has a limited number of big players dominating the market. The medical device market in Kuwait is entirely driven by imports which are dominated by international brands. The medical device market in Kuwait has witnessed growth due to the increased participation of private players in the healthcare sector. Technological innovations and an increased focus on infrastructure development have also increased the demand for medical devices in Kuwait. Huge investments in infrastructure projects are driving growth in Kuwait. The increase in the number of chronic diseases has increased the demand for healthcare facilities in the country. The end users of medical devices are government hospitals, clinics and primary care centers as well as the private sector.

Vietnam Medical Devices Market Forecast to 2022 – By Equipment (Consumables, Diagnostic Imaging, Dental Products, Orthopedics and Prosthetics, Patient Aids and Other Medical Devices)

The Vietnamese medical device market grew at a CAGR of ~% during 2012-2017, driven by liberal import policies, and the increase in orthopedic medical equipment and prosthetics. Increased investments in public healthcare facilities and tax exemption for newly established private healthcare providers have increased the demand for medical devices. With the need to improve healthcare services in Vietnam, healthcare providers are focusing on the use of advanced technological medical equipment that will help in early detection of diseases and increase the frequency of diagnosis and recovery.

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