KSA Medical Devices Market is expected to Grow Owing to Increasing Usage of Artificial Intelligence and robotics in Remote Monitoring and Telehealth Application

Key Findings

KSA is an import driven market with advanced medical devices majorly being imported from Europe and US due to insufficient local supply. However, it is seeking a transition from manufacturing of low-value commodities to high-value medical products by offering financial incentives to encourage local manufacturing.  With the push for preventive care screening for managing chronic diseases in KSA, the number of primary healthcare center visits per capita are expected to double by 2030.Saudi’s Vision 2030 aims to guarantee fair and comprehensive geographical coverage across all regions of the Kingdom. Hence, the government is planning to launch various health clusters, expand e-health services and digital solutions, and improve the quality of healthcare infrastructure.

Saudi Arabia Respiratory Medical Device Market Overview:

Increased focus on Import Substitution: Currently, local manufacturing constitutes a very minor proportion of the overall revenue of medical devices market in KSA. The government is targeting to increase the share of local production by providing various tailored incentives to local manufacturers. Provision such as 10% preferential price to local manufacturers and governmental Support for industry 4.0 are helping in expanding current product portfolio and improving attraction of new medical device technologies.

Digital Health: Spurred out of necessity at the outset of the COVID-19 pandemic, Saudi Arabia is expected to be one of the fastest-growing digital health markets in the GCC region. The government has allocated USD 1.5 billion for healthcare IT and digital transformation programs.  The MOH established an e-Health strategy to utilize telemedicine to improve the accessibility and quality of care in remote areas.  Saudi Arabia’s telehealth adoption rate is approximately 70%, and almost 34% of the young physicians use AI to facilitate diagnoses. Saudi Arabia even launched Seha Virtual Hospital, largest of its kind in the world.

Emergence of New Technologies: Artificial Intelligence and robotics are increasingly being used in remote monitoring and telehealth applications. AI has been a game- changer in optimizing operational efficiency and minimizing risk. Another emerging technology in KSA is 3D printing technology. With advent of 3D print technology, it has become possible to generate customized prosthetics, custom-made organs and tools used for surgical procedures. Moreover, they are being used for development of prototypes and enhancement of design in dentistry and orthodontics.

The report titled “KSA Medical Devices Outlook to 2026 – Driven by increasing prevalence of chronic diseases, growing healthcare awareness and rising healthcare budget in the country” provides a comprehensive analysis on KSA Medical Device Market. The report covers various aspects including the current market size and production scenario, its segmentations viz, type of Devices, sales channel, technology, end users and regional analysis, major trends and developments, issues and challenges, government regulations and competition benchmarking. The report concludes with market projections for future of the industry including forecasted industry size by revenue. 

Key Segments Covered

By Type of Business ActivityImportLocal ProductionBy Mode of SellingDistributor MediatedDirect SalesBy Type of DeviceMedical ConsumablesDiagnostic Imaging ProductsRespiratory ProductsDental and Orthopedic ProductsCardiac DeviceHospital FurnitureAuxiliary DevicesOphthalmic DevicesDialysis MachineOthersBy Type of Medical ConsumableSurgical Gloves and MasksSyringes, Needles and CathetersIntravenous Administration SetsSutures and catgutInfusion PumpsOstomyBandages, Dressings and OthersBy Type of Diagnostic Imaging ProductCT ScanX-ray Based ProductsUltrasoundMRIElectro diagnostic apparatus (Functional Examination)ECGOthersBy Type of Cardiac DeviceAngioplasty DeviceCardiac Rhythm ManagementICDImplantsPacemakersHeart-Lung MachinesOthersBy Type of Respiratory ProductsOxygen ConcentratorNebulizersHumidifierVentilatorsAirway Pressure devicesOthers

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By Type of Hospital Furniture

Hospital Beds with Mechanical Fittings and Dentists' ChairsOperating TablesExamination TablesMedical, surgical, dental or veterinary furnitureOthersBy Type of Auxiliary ProductHearing AidsArtificial body parts (excluding artificial teeth and joints)OthersBy Type of Dental and Orthopedic ProductsOrthopedic AppliancesArtificial teeth and dental fittingsDental appliancesSurgical BeltsTrussesCrutchesOthersBy Type of End-UsersHospitalsClinicsLabs and OthersBy Type of RegionRiyadhDammam & Al KhobarJeddahAl-Qassim and Asser ProvinceOthers

Companies Covered

AbbottBaxterB. BraunBecton Dickinson (BD)Boston ScientificCanonCochlearDrägerFresenius Medical CareFujifilmGE HealthcareGetingeHill-Rom Holdings Inc.HitachiInvacare CorporationJohnson & JohnsonMedtronicNihon KohdenOticonParamount Bed HoldingsPhilips HealthTechSiemens HealthineersSmith & NephewStrykerWidexZimmer Biomet

Key Target Audience

Medical Device ManufacturersMedical Device DistributorsMedical Device ImportersResearch organizations and consulting companiesGovernment bodies such as regulating authorities and policy makersMarket research and Consulting firms

Time Period Captured in the Report:-

Historical Period – 2016-2021Forecast Period –2021-2026F

Key Topics Covered in the Report

Overview of KSA Healthcare SystemKSA Diagnostic Imaging Product Market SalesKSA Medical Device Market Introduction and OverviewIndustry Life Cycle and Value Chain of KSA Medical Device MarketKey Market Drivers in the KSA Medical Device MarketDemand & Supply Side Ecosystem, Preferences & Trends across KSA Medical Device MarketKSA Medical Device Market Size by RevenueKSA Medical Device Market by Type of Devices and Sub SegmentsKSA Medical Device Market by End UsersKSA Medical Device Market by Regions (Riyadh, Jeddah, Dammam and Al Khobar, Al Qassim and Aseer and Others)Competitive Factors and Assessment in KSA Medical Device MarketMarket Trends and DevelopmentsMarket Issues and ChallengesGovernment Rules and RegulationsKSA Medical Device Market Future OutlookUpcoming Technologies in the Medical Device MarketAnalyst Recommendations 

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