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Saudi Arabia Medical Device Market: Opportunities and Forecast Assessment, 2020–2027

The market report added by GMI Research gives meticulous investigation of the current scenarios in the market, including market size, share, trends, overall demand, growth, leading players, and forecasts for the coming years.

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Market Segmentation of Saudi Arabia Medical Device Market:

The Saudi Arabia medical device market is spilt by Product Type, Therapeutic Application, and End-User. The given analysis will help you to expand your business by targeting niche markets. For the forecast period, the growth among segments offers accurate calculations and forecasts for sales in terms of volume and valve.

By Product Type:

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

By Therapeutic Application:

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

By End-User:

  • Hospital & Ambulatory Surgical Center
  • Clinics
  • Others

Key Drivers of Saudi Arabia Medical Device Market:

The key factors contributing to the growth of the Saudi Arabia medical device market size over the forecast period include the rising innovation in medical device technologies, the growing public and private sector investment in healthcare sector, and the increasing geriatric population in Saudi Arabia. The government’s vision 2030 and National Transformation Program (NTP) plans to develop healthcare development in Saudi Arabia, thus boosting the demand of the medical devices during the forecast period.

Additionally, the government is heavily investing for the construction of hospitals to build strong healthcare sector in Saudi Arabia. For example, in 2019, the Ministry of Health (MoH) aimed to build 35 hospitals across the country. The emergence of 3D imaging for orthopedic treatments, widening applications, and increasing awareness related to the usage of medical devices for treatment and screening diseases, along with growing patient pool, will further surge the growth of the market in the country. However, the increasing cost of the medical devices and the rising sophistication towards the usage of these devices will hinder the growth of the Saudi Arabia medical device market during the forecast period.

For further information on these analyses, please visit: https://www.gmiresearch.com/report/saudi-arabia-medical-device-market/

Company coverage of Saudi Arabia Medical Device Market:

  • 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

About GMI Research:

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.

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