This study covers the market dynamics and trends in major countries that are expected to influence the current market scenario and future status of the Global Saudi Arabia Medical Devices Market over the forecast period.
Pune, India -- (SBWIRE) -- 01/10/2018 -- "Saudi Arabia Medical Devices Market by Manufacturers, Countries, Type and Application, Forecast to 2023 Report "Provides In-Depth Analysis of Parent Market Trends, Macro-Economic Indicators and Governing Factors Along With Market Attractiveness as Per Segments. Considering all these factors The Saudi Arabia Medical Devices Market to reach around $ 3870 million from $ 2250 million in 2017, by the end of the forecast period at a CAGR of ~9.5%.
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Market Research Future published new report, titled "Saudi Arabia Medical Devices Market – Research Report: Forecast till 2023".
Market Scenario of Saudi Arabia Medical Devices Market:
A medical device is any instrument, appliance including any software, biologic or non-biologic material, to be used for the diagnostic or therapeutic use for management of diseases and disorders.
The medical device industry witnessed one of the fastest growth propelled by innovation and rapid uptake of technologies. The medical devices industry has also resulted in the successful fusion of information technology and healthcare. Technology and product development remain the main pillars for the growing market for medical devices. The market involves two segments one high-tech devices with extreme sophistication and another is the low tech improved devices. The high tech segment such as diagnostic imaging devices is witnessing higher rates of growth. The low tech segment is also growing at a good rate but has witnessed growth in developing regions as the market for these in developed regions is stagnant. The other market driving factors are rising public healthcare expenditure in Saudi Arabia, development of large hospitals such as King Faisal hospital in Riyadh, demand for noninvasive therapy etc.
The market constraints are strict and ambiguous regulatory framework, growing concern for security especially data security, differential availability between developed and developing regions, connectivity issues in Saudi Arabia, the interference Sharia courts etc.
The future developments will include cloud integration, connected healthcare devices and growing demand for personalized medical wearable devices. Healthcare mobile applications will also lead the market.
Key Players for Saudi Arabia Medical Devices Market:
The Saudi Arabia Medical Devices Market research report explores the Top Key Players in-depth analysis as: Johnson & Johnson, General Electric, Medtronic, Koninklijke Philips Electronics NV., Baxter Internationa, Fresenius Medical Care AG & Co., Cardinal Health, Al-Salehiya Medical Estableshment, Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO), Al Amin Medical Instruments Company (AMICO), Al Faisaliah Medical Systems (FMS), Siemens Ltd and others.
Regional Analysis of Saudi Arabia Medical Devices Market:
The healthcare sector of Saudi Arabia is divided between private and state. The public healthcare expenditure accounts for approximately 75% of total health expenditure in 2014. Local manufacturing represents a poor outlook which is limited to consumables and ordinary articles. The government has established some of the best hospitals in the region such as King Faisal specialist hospital and research center, Riyadh military hospital, Saudi Arabia's National Guard health affairs hospital etc. Saudi Arabia is extremely dependent on imports for medical devices and imports account for approximately 92% of total market for medical devices. U.S. medical device suppliers dominate the scenario with European vendors in the second position. Among the regions of Saudi Arabia Riyadh tops the healthcare expenditure list followed by Tabuk, Makkah and Madina.
The report for Saudi Arabia Medical Devices Industry of Market Research Future comprises extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insights of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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Segmentation of Saudi Arabia Medical Devices Market:
The Saudi Arabia Medical Devices Industry research report has been segmented on the basis of product type which comprises monitoring devices, diagnostic devices, diagnostic molecular devices, drug delivery devices, surgical devices, bio implants and stimulation devices, automation and robotics and others. On the basis of therapeutic application; market is segmented into general surgery, diagnostic imaging, respiratory, orthopedics, cardiovascular, dental, neurology, ophthalmology, ear-nose-throat (ENT), nephrology and urology, and others. On the basis of end users; market is segmented into hospitals, ambulatory, home and others.
Major Table of Contents:
Chapter 1. Introduction
Chapter 2. Research Methodology
Chapter 3. Market Dynamics
Chapter 4. Market Factor Analysis
Chapter 5. Saudi Arabia Medical Devices Market, By Product Type
Chapter 6. Saudi Arabia Medical Devices Market, By Therapeutic Application
Chapter 7. Saudi Arabia Medical Devices Market, By End User
Chapter 8. Saudi Arabia Medical Devices Market, By Country
Chapter 9. Company Landscape
Chapter 10. Company Profile
Chapter 11. Appendix
Chapter 12. List of Tables:
Table 1 Saudi Arabia Medical Devices Market, 2013-2022 (USD Million)
TABLE 2 Saudi Arabia Medical Devices Market, By Product Type, 2013-2022 (USD Million)
Table 3 Saudi Arabia Medical Devices Market, By Therapeutic Application, 2013-2022 (USD Million)
TABLE 4 Saudi Arabia Medical Devices Market, By End User, 2013-2022 (USD Million)
TABLE 5 Saudi Arabia Medical Devices Market, By Region, 2013-2022 (USD Million)
Chapter 13. List of Figures:
Figure 1 Research Process
Figure 2 Porters Five Forces Model
Figure 3 Saudi Arabia Medical Devices Market, By Product Type
Figure 4 Saudi Arabia Medical Devices Market, By Therapeutic Application
Figure 5 Saudi Arabia Medical Devices Market, By End User
Figure 6 Saudi Arabia Medical Devices Market, By Region
FIGURE 7 Saudi Arabia Medical Devices Market: Company Share Analysis, 2015 (%)
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