KSA Medical Devices Market Trends, Size and Research 2022, CAGR Status, Growth Analysis, Key Manufacturer and Strategies till 2026: Ken Research

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.

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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

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