Introduction

Medical Device refers to an instrument, apparatus, equipment, implement, machine, implant, or appliance, intended by the manufacturer to be used for human beings, for medical purpose such as diagnosis, monitoring, treatment, prevention, or alleviation of disease. Medical devices play a major role in the diagnostic and treatment procedure of any diseases. The medical devices offer remarkable benefits such as supports remote monitoring of chronic diseases, improves patient safety while enhancing patient and clinician experience.

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Major factors driving the Saudi Arabia medical device market are rising prevalence of chronic diseases, popularity of mobile platforms and Artificial Intelligence (AI), the increasing public and private sector investment in healthcare sector and growing geriatric population in Saudi Arabia. Prevalence rate of chronic diseases like diabetes, obesity and hypertension have increased significantly in Saudi Arabia in recent years. As per International Journal of Integrated Care’s (IJIC) report, chronic diseases contributed to around 60% of the premature deaths in Saudi Arabia were in 2016 and this figure projected to increase to 73% in 2020. Since, above mentioned chronic diseases requires continuous monitoring and management and prevalence of such diseases are increasing, demand for medical devices is projected to rise in the Saudi Arabia in coming years.

Government’s vision 2030 and National Transformation Program (NTP) focuses on healthcare development across Saudi Arabia, thereby driving the demand of the medical devices over the coming years. In addition to this, the government is heavily investing towards the construction of hospitals to build strong healthcare sector in Saudi Arabia. For instance, in 2019, the Ministry of Health (MoH) planned to construct 35 hospitals all over the country. The emergence of 3D imaging for orthopaedic treatments, widening applications, and growing awareness about the usage of medical devices for treatment and screening diseases coupled with rising patient pool, are propelling the Saudi Arabia medical devices market. However, high cost of the medical devices and increasing sophistication towards the usage of these devices will hamper the growth of the Saudi Arabia Medical Device market over the coming years.

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According to Saudi Arabia medical devices market analysis, diagnostics devices segment is expected to grow at a higher CAGR during the forecast period owing to the increasing demand for diagnostics devices to detect diseases and other conditions such as diabetes and cardiovascular disease. It is used to monitor the overall health of the patient in order to prescribe an appropriate treatment plan.

As per Saudi Arabia medical devices market outlook, general surgery segment is expected to grow at a higher CAGR during the forecast period owing to the increasing number of surgical procedures such as minimal invasive surgery, coupled with technological advancements in the healthcare sector. Various types of medical devices such as diagnostics devices and surgical devices are used for general surgery.

Based on the End-User, the Hospital & Ambulatory Surgical Center segment is expected to grow at a higher CAGR during the forecast period due to the increasing aged population along with growing cardiovascular and diabetics patient in Saudi Arabia. In addition to this, the rising government expenditure on the healthcare sector by focusing towards the construction of new hospitals and increasing privatization, which is the primary focus of Saudi Vision 2030 and the NTP, will further surge the demand for Saudi Arabia Medical Device market over the coming years.

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Various notable players operating in the Saudi Arabia Medical Device market include General Electric Saudi Arabia, Johnson & Johnson Medical Saudi Arabia Limited, Medtronic, Baxter Company Limited (BCL), Philips Healthcare Saudi Arabia, Fresenius Medical Care Saudi Arabia Limited, Al-Salehiya Medical Establishment, Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO), Al Faisaliah Medical Systems (FMS), Al Amin Medical Instruments Company (AMICO), Siemens Healthineers Saudi Arabia, among others.

The Saudi Arabia Medical Device market has been segmented based on product type, therapeutic application, and end-user. Based on the type, the market is segmented Monitoring Devices, Diagnostic Devices, Diagnostic, Molecular Devices, Drug Delivery Devices, Surgical Devices, Bio implants, and Stimulation Devices, Automation and Robotics and Others. Based on the Therapeutic Application, the market is segmented into General Surgery, Diagnostic Imaging, Respiratory, Orthopaedics, Cardiovascular, Dental, Neurology, Ophthalmology, Ear-Nose-Throat (ENT), Nephrology and Urology, and Others. Based on the end-user channel, the market is segmented into Hospital & Ambulatory Surgical Center, Clinics, and Others.

Key Developments:

• • In February 2018, GE Healthcare, global medical technology company based out of UUnoted States announced that it has entered into an agreement with Tatweer Medical Co. to develop an advanced diagnostic facility within the Medical Village project in Riyadh. The Medical Village will host various focused hospitals and 33 stand-alone medical centers, as well as the Diagnostic Radiology Center.
  • Johnson & Johnson Medical Devices Companies (JJMD) launched Johnson & Johnson Medical Saudi Arabia Limited. It is a Saudi-registered legal unit leading from a joint venture between Johnson & Johnson Middle East FZ-LLC, Abdulrehman Algosaibi, and Farouk Maamoun Tamer & Co. The company is focussing on building healthcare solutions in the country.

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Key questions answered in this research report:

• • At what pace is the Saudi Arabia Medical Device market growing? What will be the trend in growth in the future?
  • What are the key drivers and restraints in the Saudi Arabia Medical Device market? What will be the impact of drivers and restraints in the future?
  • What are the various types of product in the Saudi Arabia Medical Device market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2018
Market Forecast Period	2019-2026
Market Revenues Currency	USD Million
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Type, By Therapeutic Application, By End-User, By Distribution Channel
Regional Coverage	Saudi Arabia
Companies Profiled	General Electric Saudi Arabia, Johnson & Johnson Medical Saudi Arabia Limited, Medtronic, among others, a total 11 of companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

Saudi Arabia Medical Device Market by Product Type

• • Monitoring Devices
  • Diagnostic Devices
  • Diagnostic
  • Molecular Devices
  • Drug Delivery Devices
  • Surgical Devices
  • Bio implants and Stimulation Devices
  • Automation and Robotics
  • Others

Saudi Arabia Medical Device Market by Therapeutic Application

• • General Surgery
  • Diagnostic Imaging
  • Respiratory
  • Orthopedics
  • Cardiovascular
  • Dental
  • Neurology
  • Ophthalmology
  • Ear-Nose-Throat (ENT)
  • Nephrology and Urology
  • Others

Saudi Arabia Medical Device Market by End-User

• • Hospital & Ambulatory Surgical Center
  • Clinics
  • Others

Leading market players (Option: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • General Electric Saudi Arabia
  • Johnson & Johnson Medical Saudi Arabia Limited
  • Medtronic
  • Baxter Company Limited (BCL)
  • Philips Healthcare Saudi Arabia
  • Fresenius Medical Care Saudi Arabia Limited
  • Al-Salehiya Medical Estableshment
  • Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO)
  • Al Faisaliah Medical Systems (FMS)
  • Al Amin Medical Instruments Company (AMICO)
  • Siemens Healthineers Saudi Arabia