Description
Saudi Arabia Medical Device Market Research Report Forecast to 2027
Market Overview
Medical devices can be instruments, apparatus, machines, appliances, implants, software, materials, etc. envisioned to be used for medical problems that do not attain their primary proposed action by pharmacological, immunological, or metabolic paths. The expansion of the private healthcare system and the increasing population in Saudi Arabia have led to the growth of the medical devices market in recent years. However, the shortage of medical professionals and low healthcare expenditure are likely to restrain the market growth over the forecast period. Major factors facilitating the market growth are the flourishing medical device industry, the rising burden of chronic diseases, growing medical tourism, and the expansion of the private healthcare system. In contrast, the shortage of healthcare professionals (HCP) in the region is anticipated to restrain the market growth during the forecast period. The other growth factors include the rising prevalence of non-communicable diseases and the increasing population in the region.
Saudi Arabia medical devices market is entitled to exhibit rampant market growth during the forecast period of 2020 to 2027. Major factors facilitating the market growth are the flourishing medical device industry, the rising burden of chronic diseases, growing medical tourism, and the expansion of the private healthcare system. In contrast, the shortage of healthcare professionals (HCP) in the region is anticipated to restrain the market growth during the forecast period. The other growth factors include the rising prevalence of non-communicable diseases and the increasing population in the region.
Market Segmentation
The scope of the Saudi Arabia medical device market study includes market size analysis and a detailed analysis of the manufacturer’s products and strategies. The market has been segmented based on device type, application, end-user, and region.
Based on device type, the Saudi Arabia medical device market has been segmented into drug delivery systems, invasive devices, respiratory therapeutic devices, patient monitoring devices, diagnostic devices and others. The other segment includes stethoscopes, thermometers, and other such devices intended for clinical applications.
On the basis of application, the Saudi Arabia medical device market has been segmented into general surgery, diagnostic imaging, respiratory, orthopedics, dental, neurology, ophthalmology, ENT, cardiovascular diseases, oncology, nephrology & urology, and others.
Major Players
The major players in the Saudi Arabia medical device market are Koninklijke Philips NV, Johnson & Johnson, Medtronic plc, Siemens, and GE Healthcare.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
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