KSA Medical Devices Market is a highly price sensitive market relying heavily on foreign imports due to the underdevelopment of domestic medical device industry.
Growing
Medical Tourism: Saudi
Arabia’s Vision 2030 focused on improving the experience of Pilgrims and
achieving the annual target of 30 million Pilgrims by 2030 mandates provision
of agile healthcare settings and services. The increasing medical tourist flow
will drive the demand for quality healthcare services, medical devices and
technology.
Import
Dependent Market: KSA Medical
Devices Market is a highly
price sensitive and import dependent market with advanced medical devices
imported from countries such as US, Germany, Japan and China. 40% of locally
manufactured devices are single-use devices are made out of plastic. Other
products are reusable surgical instruments, detergents and solutions, general
IVD, hospital furniture, dental and ophthalmic products. The lower share of
domestic production is majorly due to lack of capabilities and fewer numbers of
local manufacturing companies in the KSA.
Demand for
Healthcare Infrastructure: KSA
accounts for 60% of the Gulf Cooperation Council (GCC) countries’ healthcare
expenditure, and the sector remains a top priority for the Saudi Arabian
Government. The government is planning to spend USD 36.8 billion on
healthcare and social development which is 14.4% of its 2022 budget i.e. the
third largest line item after education and military.
Growing
Population and Rising burden of Chronic
Diseases: High population growth (1.51% from 2020 to 2021) and increase in
non-communicable diseases is driving the demand for better healthcare services
and medical devices in KSA. The government’s constant push for preventive care
screening to manage chronic diseases is paving the growth of medical device
market.
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 KSA Medical Device Market. The report covers various
aspects including the current market size and production scenario, its
segmentations viz, type of Devices, sales channel, technology, end users and
regional analysis, major trends and developments, issues and challenges,
government regulations and competition benchmarking. The report concludes with
market projections for future of the industry including forecasted industry
size by revenue.
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 Sets
- Sutures and catgut
- Infusion Pumps
- Ostomy
- Bandages, Dressings and Others
- By Type of Diagnostic Imaging Product
- CT Scan
- X-ray Based Products
- Ultrasound
- MRI
- Electro diagnostic apparatus (Functional
Examination)
- ECG
- Others
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- 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 Hospital Furniture
- 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
- Riyadh
- Dammam & Al Khobar
- Jeddah
- Al-Qassim and Asser Province
- Others
Companies
Covered
- Abbott
- Baxter
- B. Braun
- Becton Dickinson (BD)
- Boston Scientific
- Canon
- Cochlear
- Dräger
- Fresenius Medical Care
- Fujifilm
- GE Healthcare
- Getinge
- Hill-Rom Holdings Inc.
- Hitachi
- Invacare Corporation
- Johnson & Johnson
- Medtronic
- Nihon Kohden
- Oticon
- Paramount Bed Holdings
- Philips HealthTech
- Siemens Healthineers
- Smith & Nephew
- Stryker
- Widex
- Zimmer Biomet
Key Target
Audience
- Medical Device Manufacturers in Saudi Arabia
- 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 Developments
- 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
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249
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