Saudi Arabia Medical Devices Market Analysis, Scope, Stake, Progress, Trends Till 2023

Market research future published a half-cooked research report on Saudi Arabia Medical Devices market. The Saudi Arabia Medical Devices market is expected to grow at a CAGR of ~9.5% during the period 2017 to 2023.

Saudi Arabia Medical Devices Market Information, by Product type (Monitoring Devices, Diagnostic devices, Diagnostic Molecular Devices, Drug delivery devices, Surgical Devices, Bio implants and Stimulation Devices, Automation and Robotics and Others), by Therapeutic Application (General Surgery, Diagnostic Imaging, Respiratory, Orthopedics, Cardiovascular, Dental, Neurology, Ophthalmology, Ear-Nose-Throat (ENT), Nephrology and Urology, and Others) and by End User (Hospitals, Ambulatory and Home) - Forecast to 2023

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Segments:
Saudi Arabia medical devices market has been segmented

on the basis of product type which comprises monitoring devices, diagnostic devices, diagnostic molecular devices, drug delivery devices, surgical devices, bio implants and stimulation devices, automation and robotics .
On the basis of therapeutic application; market is segmented intogeneral surgery, diagnostic imaging, respiratory, orthopedics, cardiovascular, dental, neurology, ophthalmology, ear-nose-throat (ENT), nephrology and urology.
On the basis of end users; market is segmented into hospitals, ambulatory, home.
Market Synopsis of Global Saudi Arabia Medical Devices Market:

Market Scenario:

A medical device is any instrument, appliance including any software, biologic or non-biologic compatible material, to be used for the diagnostic or therapeutic use for management of diseases and disorders. The medical device industry is one of the fastest growing segment of healthcare industry chiefly driven by innovation and new technologies. The sector had witnessed an unprecedented growth and has revolutionized healthcare by the development of state-of-the-art medical devices. The medical devices industry has also resulted in the successful combination of information technology and healthcare and has catalyzed growth in both sectors.

Technology and product development remain the main pillars for the growing market for medical devices. Although there has been application of new knowledge to medical devices but most innovations in medical devices are based on solving engineering problem. Development of stronger and biocompatible materials led the growth of bio-implants segment, while advancements in connectivity and processing power led the growth of diagnostic imaging sector. The other drivers of medical device market are rising cost of healthcare which stimulated development of innovative connected products such as wearable medical devices, falling cost of production and rising manufacturing capacities in electronic industry, demand for early detection and noninvasive therapies etc.

The market constraints are strict and ambiguous regulatory framework, growing concern for security especially data security, differential availability between developed and developing regions, connectivity issues in poor regions of the world etc.

Taking all factors into consideration, we expect the Saudi Arabia medical devices market to reach around $ 3870 million from $ 2250 million in 2017, by the end of the forecast period at a CAGR of ~9.5%.

Key Players for Saudi Arabia Medical Devices Market:
Some of the key players in this market are:

Johnson & Johnson
General Electric, Medtronic
Koninklijke Philips Electronics NV.
Baxter Internation
Fresenius Medical Care AG & Co.
Cardinal Health
Al-Salehiya Medical Estableshment
Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO)
Al Amin Medical Instruments Company (AMICO)
Al Faisaliah Medical Systems (FMS)
Siemens Ltd

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Table Of Contents

1 Introduction
2 Research Methodology
3 Market Dynamics
4 Market Factor Analysis
5 Saudi Arabia Medical Devices Market, By Product Type
6 Saudi Arabia Medical Devices Market, By Therapeutic Application
7 Saudi Arabia Medical Devices Market, By End User
8 Saudi Arabia Medical Devices Market, By Country
9 Company Landscape
10 Company Profile

The report for Saudi Arabia Medical Devices Market of Market Research Future comprises extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insights of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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