Key Findings
- KSA is an import driven market with advanced
medical devices majorly being imported from Europe and US due to
insufficient local supply. However, it is seeking a transition from
manufacturing of low-value commodities to high-value medical products by
offering financial incentives to encourage local
manufacturing.
- With the push for preventive care screening
for managing chronic diseases in KSA, the number of primary healthcare
center visits per capita are expected to double by 2030.
- Saudi’s Vision 2030 aims to guarantee fair and
comprehensive geographical coverage across all regions of the Kingdom.
Hence, the government is planning to launch various health clusters,
expand e-health services and digital solutions, and improve the quality of
healthcare infrastructure.
Saudi
Arabia Respiratory Medical Device Market Overview:
Increased
focus on Import Substitution: Currently,
local manufacturing constitutes a very minor proportion of the overall revenue
of medical devices market in KSA. The government is targeting to increase the
share of local production by providing various tailored incentives to local
manufacturers. Provision such as 10% preferential price to local manufacturers
and governmental Support for industry 4.0 are helping in expanding current
product portfolio and improving attraction of new medical device technologies.
Digital
Health: Spurred out of necessity at the
outset of the COVID-19 pandemic, Saudi Arabia is expected to be one of the
fastest-growing digital health markets in the GCC region. The government has
allocated USD 1.5 billion for healthcare IT and digital transformation
programs. The MOH established an e-Health strategy to utilize
telemedicine to improve the accessibility and quality of care in remote
areas. Saudi Arabia’s telehealth adoption rate is approximately 70%, and
almost 34% of the young physicians use AI to facilitate diagnoses. Saudi Arabia
even launched Seha Virtual Hospital, largest of its kind in the world.
Emergence of
New Technologies: Artificial
Intelligence and robotics are increasingly being used in remote monitoring and
telehealth applications. AI has been a game- changer in optimizing operational
efficiency and minimizing risk. Another emerging technology in KSA is 3D
printing technology. With advent of 3D print technology, it has become possible
to generate customized prosthetics, custom-made organs and tools used for
surgical procedures. Moreover, they are being used for development of
prototypes and enhancement of design in dentistry and orthodontics.
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
- 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
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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
- 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
- Overview of KSA Healthcare System
- KSA
Diagnostic Imaging Product Market Sales
- 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
