KSA Medical Devices Market is expected to Grow Owing to Increasing Usage of Artificial Intelligence and robotics in Remote Monitoring and Telehealth Applications: Ken Research

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.

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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

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