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KSA Medical Devices Market Growth Strategy 2022 Industry Outlook, Present Scenario of Key Manufacturers, Share, Size, Trends and Forecast Research Report 2026: Ken Research

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 the status of the medical device market in KSA. The report covers various aspects including the current market scenario in KSA, procurement and pricing trends, market potential of each medical device, major growth drivers, tech disruptions and innovations, and competition benchmarking. The report concludes with market projections for future of the industry including forecasted industry size by revenue and business activity.

KSA Medical Device Market Overview and Size:

KSA is the largest medical device market in the Middle East region, growing at single digit CAGR in 2016-2021. It is a highly price sensitive and import dependent market with advanced medical devices imported from countries such as US, Germany, Japan and China. About half of locally manufactured devices are single-use devices are made out of plastic. KSA’s increasing budget allocation for the healthcare sector and ongoing healthcare development projects has played a pivotal role in the continued growth.

KSA Ophthalmic Devices Market

KSA Medical Device Market Segmentation:

By Procurement: Imports have accounted for majority of the revenue share in KSA Medical Device Market in 2021. The imports are largely related to more sophisticated medical and surgical instruments and infrastructure.

By Mode of Sales: Distributor Mediated Sales have accounted for majority of the revenue in KSA Medical Device Market in 2021. Majority of the international companies hire distributors in KSA for the purposes of monitoring business opportunities, navigating import and standard testing regulations, and identifying public sector sales and contract opportunities.

By Type of Medical Device: Medical Consumables have accounted for the largest revenue share in KSA Medical Devices market in 2021, followed by Diagnostic Imaging product and Cardiac Products with Public & private hospitals making up the major end users for each segment/sub-segment of the industry.

By Type of Medical Consumables: Syringes, Needles and Catheters, Surgical Gloves and Masks and Infusion Pumps contributed significant share in revenue during 2021. Rising prevalence of Hospital Acquired Infections (HAIs) and Covid-19 pandemic encouraged many local manufacturers to enter the market for medical disposables.

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By Type of Diagnostic Imaging Products: CT Scans contributed the highest revenue share in 2021 followed by MRI and X-Ray Based Products. Increasing prevalence of cancer and other chronic diseases and growing ageing population are driving the demand for diagnostic imaging equipment in KSA.

By Type of Cardiac Devices: Implantable Cardioverter- Defibrillator (ICD) and Cardiac Rhythm Management (CRM) have accounted for the major share in the KSA medical device market in 2021. Various specialized clinics focused at treating cardiovascular diseases are becoming prevalent in KSA.

By Type of Respiratory Products: Oxygen Concentrators contributed highest revenue share in 2021 owing to Covid-19 pandemic. The KSA population has high risk of exposures to chronic obstructive pulmonary disease (COPD) and asthma.

By Type of Hospital Furniture: Hospital Beds with Mechanical Fittings and Dentists’ Chairs contributed highest revenue share in 2021. Increasing incidences of chronic diseases, rise in geriatric population and growing hospital investments are leading to an increasing need for better patient-care and enhanced operational efficiency in KSA.

By Type of Auxiliary Products: Hearing Aids have accounted for the major share in the KSA medical devices market in 2021. Rising occurrence of hearing loss of geriatric population, increasing initiatives by governments and NGOs to raise consciousness about hearing loss treatments are factors boosting the demand for hearing aid devices in KSA market.

By Type of Dental and Orthopedic Products: Dental Appliances contributed the highest revenue in 2021. The increasing prevalence of oral diseases, an inclination towards the use of minimally invasive procedures and rise in the number of dentists are propelling the growth of the market.

By End Users: Hospitals contributed highest to the market revenue in KSA Medical Devices Market in 2021. Currently public sector hospitals represent approximately more than 75% of bed capacity in KSA.

By Region: Riyadh contributed highest to the market revenue in KSA Medical Devices Market in 2021. It has one of the best hospital facilities in Middle East which are at par with international standards.

Competitive Landscape in the KSA Medical Devices Market:

The competition scenario in KSA medical devices market is moderately fragmented due to the presence of large number of international companies and local distributors leading to dilution of market share. The international companies distribute their products through authorized distributors located across the country. GE, Siemens, Philips, Hill-rom, Straumann, Phonak, Stryker are the major companies operating in the KSA Medical Device market. Gulf Medical, Mediserv, FMS, Al-Jeel Medical and Tamer Group are few top distributors in KSA. The major competitive parameters include product price, technological advancements, product portfolio variability, after support services and marketing activities.

KSA Medical Device Market Future Outlook & Projections

The KSA medical device market is expected to a positive growth in revenue in 2026, with imports contributing highest share to the market revenues. Changes in population composition will drive future healthcare requirements and will create demand for a number of specialisms; pediatrics, lifestyle diseases, long-term care, rehabilitation, home care, and rejuvenation services. Government is planning to invest in private sector integration to create effective strategic partnerships in the pursuit of national health objectives and promotion of fair and comprehensive geographical coverage across all regions of the Kingdom.

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 Set
  • Sutures and catgut
  • Infusion Pumps
  • Ostomy
  • Bandages, Dressings and Others
  • 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
  • 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
  • Riyahd
  • Dammam and Al Khobar
  • Jeddah
  • Al-Qassim and Aseer Province
  • Others

KSA Medical Devices manufacturers

  • Becton Dickinson (BD)
  • Boston Scientific
  • Fresenius Medical Care
  • Fujifilm
  • GE Healthcare
  • Getinge
  • Hitachi
  • Invacare Corporation
  • Johnson & Johnson
  • Medtronic
  • Nihon Kohden
  • Paramount Bed Holdings
  • Philips HealthTech
  • Siemens Healthineers
  • Smith & Nephew
  • 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

  • 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 Development
  • Market Issues and Challenges
  • Government Rules and Regulations
  • KSA Medical Device Market Future Outlook
  • Upcoming Technologies in the Medical Device Market
  • Analyst Recommendations

Related Reports

Philippines Medical Devices Outlook To 2025 (Second Edition)- Rising Cases Of Chronic Diseases And Expected Growth In Demand For Cancer Therapy And Dialysis Equipment

India Medical Device Market Outlook To 2023 – By IVD Market (Type Of Device, Sales Channel, Domestic Manufacturing And Import), By Diagnostic Imaging Market (Type Of Device, Domestic Manufacturing And Import) And By Patient Aid Market (Orthopedic Device, Hospital Furniture And Hearing Aid)

UAE Medical Devices Market Outlook to 2025: Driven by technological advancement, increase in the aging population and rise in the prevalence of chronic diseases in the country

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