The Diagnostic Medical Device Market in Kuwait has seen continuous and significant growth in the last few years owing to Kuwait’s expanding healthcare infrastructure and improving quality of the healthcare services. The majority of Blood Gas Analyzers, Immunoassay Analyzers, and Transcutaneous Monitors in Kuwait are imported from other countries. The rise in Disease prevalence has driven the country’s need to adopt new generation diagnostic devices, resulting in increasing the demand for the Blood Gas and POC Immunoassay Analyzers in the country. The rising incidence of chronic lifestyle diseases such as Obesity, Diabetes, and Neonatal diseases has led to an increase in emphasis on early diagnosis in Kuwait.
The public sector accounts for most healthcare expenditure and supply of healthcare services in Kuwait. The public sector has greatly increased the number of beds available to the population by simultaneously building new hospitals and expanding existing ones to double or more their current capacity. The Ministry of Health (MoH) has been the major driver of this, but there are other government institutions such as the Public Authority for Social Security that are establishing their medical cities.
The Kuwait Blood Gas Analyzer market was affected by the impact of COVID-19 by slowing the sales of the reagent, this also corresponds to the smaller number of surgeries conducted in 2020 and 2021. However, the market is slowly moving back to normal in the second half of 2021. An increase in the number of chronic diseases has increased the demand for healthcare facilities in the country. The end-users of medical devices are government as well as private sector hospitals, clinics, and primary care centers.
The medical devices market is expected to register double-digit growth owing to upcoming healthcare projects, private-sector investments and growing aging population, and a high prevalence of diseases like Obesity and Diabetes. Technological advancements in the BGA, POC IAA, and TCM market will drive the demand for medical devices in Kuwait.
Kuwait Blood gas analyzer Market
Kuwait Blood Gas Analyzer Market Size:
The Blood Gas Analyzer market size is on the basis of installed base. There has been a rise in the POC devices over the years. POC devices have nearly replaced the use of central lab blood gas analyzers.
By Type of Device:
The Blood Gas Analyzer are segmented by type of product category into POC and Central Lab Devices installed in Kuwait. Further POC devices have been segmented as POC Handheld and POC Benchtop devices.
By Type of Sales Model and Workload:
Blood Gas Analyzer are further segmented into Consumable Sales Model and Outright sales Model. Where Consumable sales model is the reagent model.
By Type of End Users:
Blood Gas Analyzer are segmented on the basis of sector of Entity Type which the Government or Private Sector as well as the ultimate End Users which is Hospitals and Independent Labs.
The POC Immunoassay Analyzer market size is segmented on the basis of installed base. There has been a rise in the POC devices over the years.
By Type of Sales Model:
POC Immunoassay Analyzer are further segmented into Consumable Sales Model and Outright sales Model, where Consumable sales model is the reagent model.
By Type of End Users:
POC Immunoassay Analyzer are segmented on the basis of sector of Entity Type which the Government (SEHA, MOH, DHA) or Private Sector as well as the ultimate End Users which is Hospitals and Independent Labs.
By Type of End Users:
Transcutaneous Monitors are segmented on the basis of sector of Entity Type which the Government or Private Sector as well as the ultimate End Users which is Hospitals and Independent Labs.
Comparative Landscape in Kuwait Blood Gas Analyzer, POC Immunoassay Analyzer, And Transcutaneous Monitors Market
In the majority of the product segments, the competition was observed to be concentrated with global players such as Siemens, Radiometer, and Others. Nevertheless, the global market leaders for manufacturing Blood Gas Analyzer, POC Immunoassay Analyzer, and Transcutaneous Monitors are dominating the market in Kuwait.
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Kuwait Blood Gas Analyzer, POC Immunoassay Analyzer and Transcutaneous Monitors Future Outlook and Projections
The market for medical devices in Kuwait is expected to register double-digit growth in the coming years. Demand for medical devices will be largely driven by private sector investments, an increase in several chronic diseases, and healthcare infrastructure development. Several healthcare projects are under construction in Kuwait. This will lead to an increase in the large number of medical devices in the country. The launch of new technologically advanced products is one of the biggest reasons for their growth. The rise in obesity in Kuwait will increase the demand for diabetes testing devices. In terms of sales channels, offline sales will continue to dominate the market share but their share will decrease in the next five years.
Key Factors Considered in the Report
- Comprehensive analysis of Blood Gas Analyzer, POC Immunoassay (Benchtop) Analyzer and Transcutaneous Monitoring Devices Market in Kuwait
- Market Size on the basis of Installed unit, 2021
- Listed major players and their installed base, strengths and weaknesses.
- Cross Comparison of Major players in the Kuwait Blood Gas, POC Immunoassay and Transcutaneous Monitoring Devices Market on the basis of Qualitative and Quantitate Parameters
- Listed future technologies in each product segment
- Identified major trends and developments in the market and assessed the future growth of the market.
- Future pipelined healthcare projects in Kuwait
- Future Projections for each product category
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Ankur Gupta, Head Marketing & Communications