Saudi Arabia Medical Devices Market is the biggest in the MENA region with stable demand, growing at a single digit CAGR during 2016-2021: Ken Research

August 5, 2022

KSA Medical Devices Industry Research Report Covers KSA Sutures and Catgut Market, KSA Infusion Pumps Medical Devices Industry, KSA Ostomy Medical Devices Industry, KSA Bandages, Dressings Medical Devices Industry, KSA CT Scan Diagnostic Imaging Product Market, KSA X-ray Based Products Market, KSA Ultrasound Diagnostic Imaging Product Market, KSA MRI Diagnostic Imaging Product Market, KSA Electro Diagnostic Apparatus Diagnostic Imaging Product Market, KSA ECG Diagnostic Imaging Product Market, KSA Angioplasty Device Cardiac Device Market, KSA Cardiac Rhythm Management Cardiac Device Market, KSA ICD Cardiac Device Market, KSA Implants Cardiac Device Market, KSA Pacemakers Cardiac Device Market, KSA Heart-Lung Machines Cardiac Device Market, KSA Oxygen Concentrator Respiratory Products Market, KSA Nebulizers Respiratory Products Market, KSA Humidifier Respiratory Products Market.

/EIN News/ -- Gurugram, India, Aug. 05, 2022 (GLOBE NEWSWIRE) -- 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 countryprovides 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

By Mode of Selling

By Type of Device

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By Type of Medical Consumable

By Type of Diagnostic Imaging Product

By Type of Cardiac Device

By Type of Respiratory Products

By Type of Hospital Furniture

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By Type of Auxiliary Product

By Type of Dental and Orthopedic Products

By Type of End-Users

By Type of Region

Companies Covered

Key Target Audience

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Time Period Captured in the Report:-

Key Topics Covered in the Report

For more information on the research report, refer to below link:-
KSA Medical Devices Market

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Philippines Medical Devices Outlook to 2025 (Second Edition)- Rising Cases of Chronic Diseases and Expected Growth in Demand for Cancer Therapy and Dialysis Equipment

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Kuwait medical device market is in its late growth stage (based on distributor model) and has a limited number of large players dominating the market. The medical devices market in Kuwait is completely import driven dominated by international brands. The medical devices market in Kuwait has witnessed growth owing to the increased participation of private players in healthcare sector. Technological innovations and increased focus on infrastructure development has also resulted in increased demand of medical devices in Kuwait. Heavy investments in infrastructure projects are driving the growth in Kuwait. Increase in number of chronic diseases has resulted in increase in demand of healthcare facilities in the country. The end users of medical devices are government as well as private sector hospitals, clinics and primary care centers.

Vietnam Medical Devices Market Outlook to 2022 - By Equipments (Consumables, Diagnostic Imaging, Dental Products, Orthopedics and Prosthetics, Patient Aids and Other Medical Devices)

Vietnam medical devices market recorded growth at a CAGR of ~% during 2012-2017, driven by liberal import policies, and surge in Orthopedic and Prosthetic medical equipments. Increase in investments in public healthcare facilities and tax exemption for newly established private healthcare providers increased the demand for medical devices. With a need to improve healthcare services in Vietnam, healthcare providers are focusing on using advanced technological medical equipments which will help in early detection of diseases and increase pace in diagnosis and recovery timelines.

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Ankur Gupta, Head Marketing & Communications
support@kenresearch.com
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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
support@kenresearch.com
+91-9015378249