The report titled “KSA Medical Devices Outlook to 2026 –Driven by increasing prevalence of chronic diseases, growing healthcare awareness and rising healthcare budget in the country” provides a comprehensive analysis on the status of the medical device market in KSA. The report covers various aspects including the current market scenario in KSA, procurement and pricing trends, market potential of each medical device, major growth drivers, tech disruptions and innovations, and competition benchmarking. The report concludes with market projections for future of the industry including forecasted industry size by revenue and business activity.
KSA Medical
Device Market Overview and Size:
KSA is the largest medical device
market in the Middle East region, growing at single digit CAGR in 2016-2021. It
is a highly price sensitive and import dependent market with advanced medical
devices imported from countries such as US, Germany, Japan and China. About
half of locally manufactured devices are single-use devices are made out of
plastic. KSA’s increasing budget allocation for the healthcare sector and
ongoing healthcare development projects has played a pivotal role in the
continued growth.
KSA Medical
Device Market Segmentation:
By
Procurement: Imports have
accounted for majority of the revenue share in KSA Medical Device Market in
2021. The imports are largely related to more sophisticated medical and
surgical instruments and infrastructure.
By Mode of
Sales: Distributor Mediated Sales have
accounted for majority of the revenue in KSA Medical Device Market in 2021.
Majority of the international companies hire distributors in KSA for the
purposes of monitoring business opportunities, navigating import and standard
testing regulations, and identifying public sector sales and contract
opportunities.
By Type of
Medical Device: Medical
Consumables have accounted for the largest revenue share in KSA Medical Devices
market in 2021, followed by Diagnostic Imaging product and Cardiac Products
with Public & private hospitals making up the major end users for each
segment/sub-segment of the industry.
By Type of
Medical Consumables: Syringes, Needles
and Catheters, Surgical Gloves and Masks and Infusion Pumps contributed
significant share in revenue during 2021. Rising prevalence of Hospital
Acquired Infections (HAIs) and Covid-19 pandemic encouraged many local
manufacturers to enter the market for medical disposables.
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By Type of
Diagnostic Imaging Products: CT Scans contributed
the highest revenue share in 2021 followed by MRI and X-Ray Based Products.
Increasing prevalence of cancer and other chronic diseases and growing ageing
population are driving the demand for diagnostic imaging equipment in KSA.
By Type of
Cardiac Devices: Implantable
Cardioverter- Defibrillator (ICD) and Cardiac Rhythm Management (CRM) have
accounted for the major share in the KSA medical device market in 2021. Various
specialized clinics focused at treating cardiovascular diseases are becoming
prevalent in KSA.
By Type of
Respiratory Products: Oxygen
Concentrators contributed highest revenue share in 2021 owing to Covid-19
pandemic. The KSA population has high risk of exposures to chronic obstructive
pulmonary disease (COPD) and asthma.
By Type of
Hospital Furniture: Hospital
Beds with Mechanical Fittings and Dentists' Chairs contributed highest revenue
share in 2021. Increasing incidences of chronic diseases, rise in geriatric
population and growing hospital investments are leading to an increasing need
for better patient-care and enhanced operational efficiency in KSA.
By Type of
Auxiliary Products: Hearing Aids
have accounted for the major share in the KSA medical devices market in 2021.
Rising occurrence of hearing loss of geriatric population, increasing
initiatives by governments and NGOs to raise consciousness about hearing loss
treatments are factors boosting the demand for hearing aid devices in KSA
market.
By Type of
Dental and Orthopedic Products: Dental
Appliances contributed the highest revenue in 2021. The increasing prevalence
of oral diseases, an inclination towards the use of minimally invasive
procedures and rise in the number of dentists are propelling the growth of the
market.
By End
Users: Hospitals contributed highest to
the market revenue in KSA Medical Devices Market in 2021. Currently public
sector hospitals represent approximately more than 75% of bed capacity in KSA.
By Region: Riyadh contributed highest to the market revenue
in KSA Medical Devices Market in 2021. It has one of the best hospital
facilities in Middle East which are at par with international standards.
Competitive Landscape in the KSA Medical Devices Market:
The competition scenario in KSA
medical devices market is moderately fragmented due to the presence of large
number of international companies and local distributors leading to dilution of
market share. The international companies distribute their products through
authorized distributors located across the country. GE, Siemens, Philips,
Hill-rom, Straumann, Phonak, Stryker are the major companies operating in the
KSA Medical Device market. Gulf Medical, Mediserv, FMS, Al-Jeel Medical and
Tamer Group are few top distributors in KSA. The major competitive parameters
include product price, technological advancements, product portfolio
variability, after support services and marketing activities.
KSA Medical
Device Market Future Outlook & Projections
The KSA medical device market is
expected to a positive growth in revenue in 2026, with imports contributing
highest share to the market revenues. Changes in population composition will
drive future healthcare requirements and will create demand for a number of
specialisms; pediatrics, lifestyle diseases, long-term care, rehabilitation,
home care, and rejuvenation services. Government is planning to invest in
private sector integration to create effective strategic partnerships in the pursuit
of national health objectives and promotion of fair and comprehensive
geographical coverage across all regions of the Kingdom.
Key Segments
Covered
- By Type of Business Activity
- Import
- Local Production
- By Mode of Selling
- Distributor Mediated
- Direct Sales
- By Type of Device
- Medical Consumables
- Diagnostic Imaging Products
- Respiratory Products
- Dental and Orthopedic Products
- Cardiac Device
- Hospital Furniture
- Auxiliary Devices
- Ophthalmic Devices
- Dialysis Machine
- Others
- By Type of Medical Consumable
- Surgical Gloves and Masks
- Syringes, Needles and Catheters
- Intravenous Administration Set
- Sutures and catgut
- Infusion Pumps
- Ostomy
- Bandages, Dressings and Others
- By Type of KSA Diagnostic Imaging Product Market
- CT Scan
- X-ray Based Products
- Ultrasound
- MRI
- Electro diagnostic apparatus (Functional
Examination)
- ECG
- Others
- By Type of Cardiac Device
- Angioplasty Device
- Cardiac Rhythm Management
- ICD
- Implants
- Pacemakers
- Heart-Lung Machines
- Others
- By Type of Respiratory Products
- Oxygen Concentrator
- Nebulizers
- Humidifier
- Ventilators
- Airway Pressure devices
- Others
- By Type of KSA Hospital Furniture Market
- Hospital Beds with Mechanical Fittings and Dentists'
Chairs
- Operating Tables
- Examination Tables
- Medical, surgical, dental or veterinary
furniture
- Others
- By Type of Auxiliary Product
- Hearing Aids
- Artificial body parts (excluding artificial
teeth and joints)
- Others
- By Type of Dental and Orthopedic Products
- Orthopedic Appliances
- Artificial teeth and dental fittings
- Dental appliances
- Surgical Belts
- Trusses
- Crutches
- Others
- By Type of End-Users
- Hospitals
- Clinics
- Labs and Others
- By Type of Region
- Riyahd
- Dammam and Al Khobar
- Jeddah
- Al-Qassim and Aseer Province
- Others
KSA Medical
Devices manufacturers
·
Becton Dickinson (BD)
·
Boston Scientific
·
Fresenius Medical Care
·
Fujifilm
·
GE Healthcare
·
Getinge
·
Hitachi
·
Invacare Corporation
·
Johnson & Johnson
·
Medtronic
·
Nihon Kohden
·
Paramount Bed Holdings
·
Philips HealthTech
·
Siemens Healthineers
·
Smith & Nephew
·
Zimmer Biomet
Key Target
Audience
- Medical Device Manufacturers
- Medical Device Distributors
- Medical Device Importers
- Research organizations and consulting
companies
- Government bodies such as regulating
authorities and policy makers
- Market research and Consulting firms
Time Period
Captured in the Report:-
- Historical Period – 2016-2021
- Forecast Period –2021-2026F
Key Topics
Covered in the Report
- Executive Summary
- Overview of KSA Healthcare System
- KSA Medical Device Market Introduction and
Overview
- Industry Life Cycle and Value Chain of KSA
Medical Device Market
- Key Market Drivers in the KSA Medical Device
Market
- Demand & Supply Side Ecosystem,
Preferences & Trends across KSA Medical Device Market
- KSA Medical Device Market Size by Revenue
- KSA Medical Device Market by Type of Devices
and Sub Segments
- KSA Medical Device Market by End Users
- KSA Medical Device Market by Regions (Riyadh,
Jeddah, Dammam and Al Khobar, Al Qassim and Aseer and Others)
- Competitive Factors and Assessment in KSA
Medical Device Market
- Market Trends and Development
- Market Issues and Challenges
- Government Rules and Regulations
- KSA Medical Device Market Future Outlook
- Upcoming Technologies in the Medical Device
Market
- Analyst Recommendations
Related
Reports
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Ken
Research
Ankur
Gupta, Head Marketing & Communications
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