{"id":53023,"date":"2023-01-18T12:03:25","date_gmt":"2023-01-18T11:03:25","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/kingdom-of-saudi-arabia-ksa-medical-devices-market-outlook-report-2022-2026-increasing-prevalence-of-chronic-diseases-growing-healthcare-awareness-and-a-rising-healthcare-budget-researchandmark\/"},"modified":"2023-01-18T12:03:25","modified_gmt":"2023-01-18T11:03:25","slug":"kingdom-of-saudi-arabia-ksa-medical-devices-market-outlook-report-2022-2026-increasing-prevalence-of-chronic-diseases-growing-healthcare-awareness-and-a-rising-healthcare-budget-researchandmark","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/kingdom-of-saudi-arabia-ksa-medical-devices-market-outlook-report-2022-2026-increasing-prevalence-of-chronic-diseases-growing-healthcare-awareness-and-a-rising-healthcare-budget-researchandmark\/","title":{"rendered":"Kingdom of Saudi Arabia (KSA) Medical Devices Market Outlook Report 2022-2026 &#8211; Increasing Prevalence of Chronic Diseases, Growing Healthcare Awareness and a Rising Healthcare Budget &#8211; ResearchAndMarkets.com"},"content":{"rendered":"<div>\n<p>DUBLIN&#8211;(BUSINESS WIRE)&#8211;The <a target=\"_blank\" href=\"https:\/\/www.researchandmarkets.com\/reports\/5684249\/ksa-medical-devices-market-outlook-to-2026?utm_source=BW&amp;utm_medium=PressRelease&amp;utm_code=vnxs86&amp;utm_campaign=1809228+-+Kingdom+of+Saudi+Arabia+(KSA)+Medical+Devices+Market+Outlook+Report+2022-2026+-+Increasing+Prevalence+of+Chronic+Diseases%2C+Growing+Healthcare+Awareness+and+a+Rising+Healthcare+Budget&amp;utm_exec=chdo54prd\" rel=\"nofollow noopener\" shape=\"rect\">&#8220;KSA Medical Devices Market Outlook to 2026 -Driven by Increasing Prevalence of Chronic Diseases, Growing Healthcare Awareness and Rising Healthcare Budget in the Country&#8221;<\/a> report has been added to <strong>ResearchAndMarkets.com&#8217;s<\/strong> offering.\n<\/p>\n<p><a href=\"https:\/\/mms.businesswire.com\/media\/20230118005481\/en\/1689056\/4\/logo.jpg\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230118005481\/en\/1689056\/21\/logo.jpg\"><\/a><\/p>\n<p>\n&#8220;KSA Medical Devices Outlook to 2026 provides a comprehensive analysis on the status of the medical device market in KSA.\n<\/p>\n<p>\nThe 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.\n<\/p>\n<p>\n<strong>KSA Medical Device Market Overview and Size:<\/strong>\n<\/p>\n<p>\nKSA 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.\n<\/p>\n<p>\nAbout half of locally manufactured devices are single-use devices are made out of plastic. KSA&#8217;s increasing budget allocation for the healthcare sector and ongoing healthcare development projects has played a pivotal role in the continued growth.\n<\/p>\n<p>\n<strong>KSA Medical Device Market Segmentation:<\/strong>\n<\/p>\n<p>\n<strong>By Procurement:<\/strong>\n<\/p>\n<p>\nImports 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.\n<\/p>\n<p>\n<strong>By Mode of Sales:<\/strong>\n<\/p>\n<p>\nDistributor 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.\n<\/p>\n<p>\n<strong>By Type of Medical Device:<\/strong>\n<\/p>\n<p>\nMedical 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 &amp; private hospitals making up the major end users for each segment\/sub-segment of the industry.\n<\/p>\n<p>\n<strong>By Type of Medical Consumables:<\/strong>\n<\/p>\n<p>\nSyringes, 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.\n<\/p>\n<p>\n<strong>By Type of Diagnostic Imaging Products:<\/strong>\n<\/p>\n<p>\nCT 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.\n<\/p>\n<p>\n<strong>By Type of Cardiac Devices:<\/strong>\n<\/p>\n<p>\nImplantable 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.\n<\/p>\n<p>\n<strong>By Type of Respiratory Products:<\/strong>\n<\/p>\n<p>\nOxygen 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.\n<\/p>\n<p>\n<strong>By Type of Hospital Furniture:<\/strong>\n<\/p>\n<p>\nHospital Beds with Mechanical Fittings and Dentists&#8217; 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.\n<\/p>\n<p>\n<strong>By Type of Auxiliary Products:<\/strong>\n<\/p>\n<p>\nHearing 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.\n<\/p>\n<p>\n<strong>By Type of Dental and Orthopedic Products:<\/strong>\n<\/p>\n<p>\nDental 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.\n<\/p>\n<p>\n<strong>By End Users:<\/strong>\n<\/p>\n<p>\nHospitals 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.\n<\/p>\n<p>\n<strong>By Region:<\/strong>\n<\/p>\n<p>\nRiyadh 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.\n<\/p>\n<p>\n<strong>Competitive Landscape in the KSA Medical Market:<\/strong>\n<\/p>\n<p>\nThe 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.\n<\/p>\n<p>\nGE, 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.\n<\/p>\n<p>\n<strong>KSA Medical Device Market Outlook &amp; Projections<\/strong>\n<\/p>\n<p>\nThe KSA medical device market is expected to a positive growth in revenue in 2026, with imports contributing highest share to the market revenues.\n<\/p>\n<p>\nChanges 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.\n<\/p>\n<p>\nGovernment 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.\n<\/p>\n<p>\n<strong>Companies Covered<\/strong>\n<\/p>\n<ul>\n<li>\nAbbott\n<\/li>\n<li>\nBaxter\n<\/li>\n<li>\nB. Braun\n<\/li>\n<li>\nBecton Dickinson (BD)\n<\/li>\n<li>\nBoston Scientific\n<\/li>\n<li>\nCanon\n<\/li>\n<li>\nCochlear\n<\/li>\n<li>\nDrager\n<\/li>\n<li>\nFresenius Medical Care\n<\/li>\n<li>\nFujifilm\n<\/li>\n<li>\nGE Healthcare\n<\/li>\n<li>\nGetinge\n<\/li>\n<li>\nHill-Rom Holdings Inc.\n<\/li>\n<li>\nHitachi\n<\/li>\n<li>\nInvacare Corporation\n<\/li>\n<li>\nJohnson &amp; Johnson\n<\/li>\n<li>\nMedtronic\n<\/li>\n<li>\nNihon Kohden\n<\/li>\n<li>\nOticon\n<\/li>\n<li>\nParamount Bed Holdings\n<\/li>\n<li>\nPhilips HealthTech\n<\/li>\n<li>\nSiemens Healthineers\n<\/li>\n<li>\nSmith &amp; Nephew\n<\/li>\n<li>\nStryker\n<\/li>\n<li>\nWidex\n<\/li>\n<li>\nZimmer Biomet\n<\/li>\n<\/ul>\n<p>\n<strong>Key Segments Covered<\/strong>\n<\/p>\n<p>\n<strong>By Type of Business Activity<\/strong>\n<\/p>\n<ul>\n<li>\nImport\n<\/li>\n<li>\nLocal Production\n<\/li>\n<\/ul>\n<p>\n<strong>By Mode of Selling<\/strong>\n<\/p>\n<ul>\n<li>\nDistributor Mediated\n<\/li>\n<li>\nDirect Sales\n<\/li>\n<\/ul>\n<p>\n<strong>By Type of Device<\/strong>\n<\/p>\n<ul>\n<li>\nMedical Consumables\n<\/li>\n<li>\nDiagnostic Imaging Products\n<\/li>\n<li>\nRespiratory Products\n<\/li>\n<li>\nDental and Orthopedic Products\n<\/li>\n<li>\nCardiac Device\n<\/li>\n<li>\nHospital Furniture\n<\/li>\n<li>\nAuxiliary Devices\n<\/li>\n<li>\nOphthalmic Devices\n<\/li>\n<li>\nDialysis Machine\n<\/li>\n<li>\nOthers\n<\/li>\n<\/ul>\n<p>\n<strong>By Type of Medical Consumable<\/strong>\n<\/p>\n<ul>\n<li>\nSurgical Gloves and Masks\n<\/li>\n<li>\nSyringes, Needles and Catheters\n<\/li>\n<li>\nIntravenous Administration Set\n<\/li>\n<li>\nSutures and catgut\n<\/li>\n<li>\nInfusion Pumps\n<\/li>\n<li>\nOstomy\n<\/li>\n<li>\nBandages, Dressings and Others\n<\/li>\n<\/ul>\n<p>\n<strong>By Type of Diagnostic Imaging Product<\/strong>\n<\/p>\n<ul>\n<li>\nCT Scan\n<\/li>\n<li>\nX-ray Based Products\n<\/li>\n<li>\nUltrasound\n<\/li>\n<li>\nMRI\n<\/li>\n<li>\nElectro diagnostic apparatus (Functional Examination)\n<\/li>\n<li>\nECG\n<\/li>\n<li>\nOthers\n<\/li>\n<\/ul>\n<p>\n<strong>By Type of Cardiac Device<\/strong>\n<\/p>\n<ul>\n<li>\nAngioplasty Device\n<\/li>\n<li>\nCardiac Rhythm Management\n<\/li>\n<li>\nICD\n<\/li>\n<li>\nImplants\n<\/li>\n<li>\nPacemakers\n<\/li>\n<li>\nHeart-Lung Machines\n<\/li>\n<li>\nOthers\n<\/li>\n<\/ul>\n<p>\n<strong>By Type of Respiratory Products<\/strong>\n<\/p>\n<ul>\n<li>\nOxygen Concentrator\n<\/li>\n<li>\nNebulizers\n<\/li>\n<li>\nHumidifier\n<\/li>\n<li>\nVentilators\n<\/li>\n<li>\nAirway Pressure devices\n<\/li>\n<li>\nOthers\n<\/li>\n<\/ul>\n<p>\n<strong>By Type of Hospital Furniture<\/strong>\n<\/p>\n<ul>\n<li>\nHospital Beds with Mechanical Fittings and Dentists&#8217; Chairs\n<\/li>\n<li>\nOperating Tables\n<\/li>\n<li>\nExamination Tables\n<\/li>\n<li>\nMedical, surgical, dental or veterinary furniture\n<\/li>\n<li>\nOthers\n<\/li>\n<\/ul>\n<p>\n<strong>By Type of Auxiliary Product<\/strong>\n<\/p>\n<ul>\n<li>\nHearing Aids\n<\/li>\n<li>\nArtificial body parts (excluding artificial teeth and joints)\n<\/li>\n<li>\nOthers\n<\/li>\n<\/ul>\n<p>\n<strong>By Type of Dental and Orthopedic Products<\/strong>\n<\/p>\n<ul>\n<li>\nOrthopedic Appliances\n<\/li>\n<li>\nArtificial teeth and dental fittings\n<\/li>\n<li>\nDental appliances\n<\/li>\n<li>\nSurgical Belts\n<\/li>\n<li>\nTrusses\n<\/li>\n<li>\nCrutches\n<\/li>\n<li>\nOthers\n<\/li>\n<\/ul>\n<p>\n<strong>By Type of End-Users<\/strong>\n<\/p>\n<ul>\n<li>\nHospitals\n<\/li>\n<li>\nClinics\n<\/li>\n<li>\nLabs and Others\n<\/li>\n<\/ul>\n<p>\n<strong>By Type of Region<\/strong>\n<\/p>\n<ul>\n<li>\nRiyahd\n<\/li>\n<li>\nDammam and Al Khobar\n<\/li>\n<li>\nJeddah\n<\/li>\n<li>\nAl-Qassim and Aseer Province\n<\/li>\n<li>\nOthers\n<\/li>\n<\/ul>\n<p>\n<strong>Key Target Audience<\/strong>\n<\/p>\n<ul>\n<li>\nMedical Device Manufacturers\n<\/li>\n<li>\nMedical Device Distributors\n<\/li>\n<li>\nMedical Device Importers\n<\/li>\n<li>\nResearch organizations and consulting companies\n<\/li>\n<li>\nGovernment bodies such as regulating authorities and policy makers\n<\/li>\n<li>\nMarket research and Consulting firms\n<\/li>\n<\/ul>\n<p>\n<strong>Time Period Captured in the Report:<\/strong>\n<\/p>\n<ul>\n<li>\nHistorical Period &#8211; 2016-2021\n<\/li>\n<li>\nForecast Period -2021-2026F\n<\/li>\n<\/ul>\n<p>\nFor more information about this report visit <a target=\"_blank\" href=\"https:\/\/www.researchandmarkets.com\/reports\/5684249\/ksa-medical-devices-market-outlook-to-2026?utm_source=BW&amp;utm_medium=PressRelease&amp;utm_code=vnxs86&amp;utm_campaign=1809228+-+Kingdom+of+Saudi+Arabia+(KSA)+Medical+Devices+Market+Outlook+Report+2022-2026+-+Increasing+Prevalence+of+Chronic+Diseases%2C+Growing+Healthcare+Awareness+and+a+Rising+Healthcare+Budget&amp;utm_exec=chdo54prd\" rel=\"nofollow noopener\" shape=\"rect\">https:\/\/www.researchandmarkets.com\/r\/fmpaf6<\/a>\n<\/p>\n<p>\n<strong>About ResearchAndMarkets.com<\/strong>\n<\/p>\n<p>\nResearchAndMarkets.com is the world&#8217;s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.\n<\/p>\n<p> <b>Contacts<\/b> <\/p>\n<p>\nResearchAndMarkets.com<br \/>\n<br \/>Laura Wood, Senior Press Manager<br \/>\n<br \/><a target=\"_blank\" href=\"mailto:press&#64;&#114;&#101;&#115;&#101;&#97;&#114;&#99;&#104;&#97;&#110;&#100;&#109;&#97;&#114;&#x6b;&#x65;&#x74;&#x73;&#x2e;&#x63;&#x6f;&#x6d;\" rel=\"nofollow noopener\" shape=\"rect\">&#112;&#x72;e&#x73;s&#64;&#x72;&#101;&#x73;e&#97;&#x72;&#99;&#x68;a&#x6e;&#x64;&#109;&#x61;r&#x6b;e&#116;&#x73;&#46;&#x63;o&#109;<\/a><br \/>For E.S.T Office Hours Call 1-917-300-0470<br \/>\n<br \/>For U.S.\/ CAN Toll Free Call 1-800-526-8630<br \/>\n<br \/>For GMT Office Hours Call +353-1-416-8900\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>DUBLIN&#8211;(BUSINESS WIRE)&#8211;The &#8220;KSA Medical Devices Market Outlook to 2026 -Driven by Increasing Prevalence of Chronic Diseases, Growing Healthcare Awareness and Rising Healthcare Budget in the Country&#8221; report has been added to ResearchAndMarkets.com&#8217;s offering. &#8220;KSA Medical Devices Outlook to 2026 provides a comprehensive analysis on the status of the medical device market in KSA. The report &#8230; <span class=\"more\"><a class=\"more-link\" href=\"https:\/\/pharma-trend.com\/en\/kingdom-of-saudi-arabia-ksa-medical-devices-market-outlook-report-2022-2026-increasing-prevalence-of-chronic-diseases-growing-healthcare-awareness-and-a-rising-healthcare-budget-researchandmark\/\">[Read more&#8230;]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-53023","6":"format-standard","7":"category-industry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kingdom of Saudi Arabia (KSA) Medical Devices Market Outlook Report 2022-2026 - Increasing Prevalence of Chronic Diseases, Growing Healthcare Awareness and a Rising Healthcare Budget - ResearchAndMarkets.com - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/kingdom-of-saudi-arabia-ksa-medical-devices-market-outlook-report-2022-2026-increasing-prevalence-of-chronic-diseases-growing-healthcare-awareness-and-a-rising-healthcare-budget-researchandmark\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kingdom of Saudi Arabia (KSA) Medical Devices Market Outlook Report 2022-2026 - Increasing Prevalence of Chronic Diseases, Growing Healthcare Awareness and a Rising Healthcare Budget - ResearchAndMarkets.com - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"DUBLIN&#8211;(BUSINESS WIRE)&#8211;The &#8220;KSA Medical Devices Market Outlook to 2026 -Driven by Increasing Prevalence of Chronic Diseases, Growing Healthcare Awareness and Rising Healthcare Budget in the Country&#8221; report has been added to ResearchAndMarkets.com&#8217;s offering. &#8220;KSA Medical Devices Outlook to 2026 provides a comprehensive analysis on the status of the medical device market in KSA. 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