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Saudi Arabia Defibrillators Market: Advanced Features for Remote Patients Monitoring and Telemedicine to Drive the Market

10-21-2020 09:05 AM CET | Health & Medicine

Press release from: Transparency Market Research

Saudi Arabia Defibrillators Market: Advanced Features

According to Transparency Market Research (TMR), the Saudi Arabia defibrillators market has a fragmented landscape as numerous local and global companies are offering services in the country.

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Some of the key players operating in the market are HeartSine Technologies, Inc., Philips Healthcare, Cardiac Science Corporation, Schiller AG, Physio-Control Inc. These players are increasingly focusing on the improving product quality in order to build their goodwill. Companies are trying to expand their business through impactful promotional campaigns.

According to a report by Transparency Market Research (TMR), the defibrillators market in Saudi Arabia is expected to expand with a CAGR of 8.3% from 2014 to 2020, to attain the value of US$49.8 mn by the end of 2020 from US$28.6 mn in the year 2013. The defibrillators market is dominated by the ALS defibrillators and expected to continue its dominance over the forecast periods to attain the value of US$36.5 mn in 2020.

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Increasing adoption of the ALS defibrillators in the expanding healthcare sector is creating lucrative opportunities in the defibrillators market in Saudi Arabia. Based on the end user, the hospitals segment is dominating the global market and expected to attain value of US$37.6 mn, by expanding with the CAGR of 7.5%.

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Advanced Features of Defibrillators to Fuel Adoption

Some of the technologically advanced defibrillators provides medical assistance in local and regional languages such as Arabic languages. As these mechanics requires skilled person to operate them and employment of the vernacular languages which makes them to be used by less skilled professionals. These features are expected to improve uptake of the defibrillators in Saudi Arabia, which is likely to fuel growth of the defibrillators market.

Initiatives by private and public medical organizations to ensure safety of human life is supporting growth of the market. Additionally, the advanced features for remote patients monitoring and telemedicine are driving growth of the market over the forecast period.

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Advancement and Product Innovations to Create Opportunities

Despite of these growth prospects, the factors such as poor collaboration between the public and private enterprises, lack of government interventions, and in supportive regulatory framework are some of the factors which are hampering the sales and likely to hamper growth of defibrillators across Saudi Arabia. In addition, poor branding and awareness campaigns are restraining growth of the defibrillators market. Nevertheless, advancement and product innovations are creating lucrative opportunities for growth of the defibrillators market.

More Trending Reports by Transparency Market Research –

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Read our Case study at https://www.transparencymarketresearch.com/casestudies/innovative-medical-device-manufacturing-start-up

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Transparency Market Research,

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Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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