The
report titled “Kuwait
Medical Device Market Outlook to 2022 - By Type (Diagnostic Imaging Products,
Medical Disposables, Auxiliary Devices, Orthopedic Devices, Dental Products,
Aesthetic Devices, Diabetic Products and Others)” covers various
aspects including introduction, market size, competition, market segmentation
by end user (Public Sector and Private Sector), by type of medical devices (Diagnostic
Imaging Products, Medical Disposables, Auxiliary Devices, Orthopedic Devices,
Dental Products, Aesthetic Devices, Diabetic Products and Others), growth
drivers, restraints, key regulations future outlook and analyst recommendation.
The
report is useful for manufacturers, AI companies, distributors, system
integrators, hospitals, diagnostic labs, doctors, end users, government,
pharmacies and potential entrants and other stakeholders to align their market
centric strategies according to ongoing and expected trends in the future.
Market Size: In terms of revenue,
the market for medical devices has grown by a robust double digit CAGR driven
by new product innovations and launches. The share of private sector has
increased over the years due to opening up of investment opportunities.
By Type of Medical Devices: Kuwait medical devices market is dominated primarily by orthopedic
devices and Auxiliary devices which constituted majority of the market share. Prosthesis,
Plates, Rod, Screws and Pins are some of the commonly sold orthopedic devices
in Kuwait. BIOMET is one of the leading brands in Kuwait. The company provides
a variety of orthopedic devices such as bone cement and cement mixing systems,
orthopedic biomaterials. Kottemann GmbH, MOPEC, Aquaria and Bioquell are some
of the major manufacturers of auxiliary devices in Kuwait. Kottermann GmbH and
Aquaria specializes in lab furniture. MOPEC specializes in pathology and morgue
furniture. Diagnostic imaging products and medical disposables also contributed
significant share of the market. Johnson and Johnson and BD care fusion are the
biggest companies in Kuwait providing medical disposable products such as
syringes, needles, sutures, staples, packaging, tubing, catheters, medical
gloves, gowns, masks, adhesives and sealants for wound dressing.
Kuwait
medical device market is completely import driven. The import value witnessed a
robust CAGR of 10% from 2012 to 2017 driven by rise in sales of orthopedic
appliances, hearing aids, and radiotherapy equipments, and operating tables and
medical furniture. There is no manufacturing facility of medical devices
located in Kuwait. Some leading import destinations for Kuwait medical devices
are USA and Japan.
The
Kuwait medical device market is concentrated with few large players which have
acquired a lion share in terms of revenues.
Major manufacturers: Canon,
Philips Health, GE Healthcare, B.Braun are some key players. GE Healthcare has
the majority of share in the market.
Major Distributors include Al Essar group, Advanced Technology
company, Tareq Company etc. Among these players, Advanced Technology Company
(ATC) has the majority of the market share. These distributors buy the medical
devices in bulk. The distributors have to bear the freight charges because of
absence of any localized manufacturer of medical devices.
The market for medical devices in Kuwait is expected
to register a double digit CAGR of 11.0%. Demand for medical devices will be
largely driven by private sector investments, increase in number of chronic
diseases and healthcare infrastructure development. A number of healthcare
projects are under construction in Kuwait. This will lead to increase in large
number of medical devices in the country. New technologies such as artificial
intelligence will be widely applied in the sector in various domains, although currently
Middle East is yet to stride in these advanced technologies, as high level
medical devices is limited to few projects in the market which is expected to
grow by manifold in the near future.
Launch of new technologically advanced products is one
of the biggest reasons for their growth. Rise in obesity in Kuwait will
increase the demand for diabetes testing devices. In terms of sales channel,
offline sales will continue to dominate the market share but its share will
decrease in the next five years.
Key Segments Covered:-
Types of Medical Devices:-
Orthopedic
Devices
Auxiliary
Devices
Medical
Disposables
Diagnostic
Imaging/ Radiology Equipments
Diabetic
Products
Dental
Products
Aesthetic
Devices
Type of End Users:-
Public
Sector
Private
Sector
Type of sales Channel:-
Offline
Sale
Online
Sale
Key Target Audience:-
Hospitals
Doctors
Pharmacies
Medical Devices Manufacturers
Medical Devices Distributors
Diagnostic Labs
Ministry of Health
Period Captured in
the Report:-
2012-2017
– Historical Period
2018-2022
– Future Forecast
Companies Covered:-
Major Manufacturers:-
General Electric Healthcare
Canon Medical System (Toshiba Medical)
Johnson and Johnson
Medatronics
Major Distributors:-
Advanced
Technology Company
Al Essa
Group
Bader
Sultan
Safwan
Trading
Al-Sayer
Medical
Yiaco
Central
Circle
Fourth
Dimension
Tareq
Key Topics Covered:-
Kuwait Medical Device Market Overview
Kuwait Healthcare Market Overview
Kuwait Medical Device Market Overview
Kuwait Medical Device Market Value Chain
Kuwait Medical Devices Market Size, 2012-17
Kuwait Medical Devices Market Segmentation by End User, 2017
Kuwait Medical Devices Market Segmentation by Type of Medical
Devices, 2017
Kuwait Medical Devices Market Segmentation by Type of Sales
Channel, 2017
Kuwait Medical Device Competitive Landscape, 2017
Parameter of Competition for Manufacturers in Kuwait Medical
Devices Market
Competitive Scenario of Major Manufacturers
Competitive Scenario of Major Distributors
Parameter of Competition for Distributors in Kuwait Medical
Devices Market
Major Mergers And Acquisitions in Kuwait Medical Devices
Market
Kuwait Medical Devices Future Outlook, 2017-22
Kuwait Medical Devices Market Size, 2017-22
Future Projections to Kuwait Medical Devices Market
Segmentation, 2017-22
Porter 5 Forces Analysis of Kuwait Medical Device Market
Analyst Recommendations
For more information on the research
report, refer to below link:-
Related Reports:-
Contact Us:-Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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