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.

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 countryprovides 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

Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTgxNjU2

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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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

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)

 Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications




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