The healthcare system of Saudi Arabia provides free, comprehensive, and universal health care services to all the people in the country. Owing to this, there is a high demand for health services resulting in long waiting lists for non-urgent surgical cases in hospitals of Saudi Arabia. The number of hospitals in the country is on the rise and the Ministry of Health (MOH) is supporting the betterment of the infrastructure in the country. This is resulting in the growth of the market studied.
Along with that, the medical device market in Saudi Arabia is growing at a faster pace which is the fuelling factor for the market for general surgical devices. With the rising burden of cardiovascular diseases and orthopedic problems in the country, demand for these devices is increasing.
Hence, owing to the above-mentioned factors, the market for general surgical devices will grow in Saudi Arabia over the forecast period.
Key Market Trends
Handheld Devices to Register Good Growth Over the Forecast Period
Handheld surgical devices are becoming increasingly advanced. The development of advanced devices, like robotic hand-held surgical device for laparoscopic interventions, enhance a surgeon’s dexterity. Many innovations have been made, due to the need for high reliability, accuracy, and patient safety. New cordless handheld devices are one such innovation that has added a level of comfort and control for surgeons. the increasing number of surgeries in the region is boosting the segment. The market is further expected to grow and the prices are expected to fall, due to the entry of many new players in Saudi Arabia.
The market for general surgical devices in Saudi Arabia is moderately competitive with the presence of global as well as local players in the country. A large share of the market is grabbed by the global players whereas local companies are also having an intense competition to gain substantial share in this market. Rapidly growing medical device industry is the prime reason behind more companies willing to expand in Saudi Arabia.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support