Saudi Arabia General Surgical Devices Market | Growth, Trends, and Forecast (2020

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

CAGR:

5.3 %

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Market Overview

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 the 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 Ministry of Health (MOH) is supporting in the betterment of the infrastructure in the country. More than 3,300 health centers are present in Saudi Arabia and most of them provide surgeries. 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. As per the National Institute of Health, the prevalence of Osteoarthritis is around 30.8% in the people of the age group 46-55 years and it is around 60.6% in the age group 66-75 years.

Hence, owing to the above-mentioned factors, the market for general surgical devices will grow in Saudi Arabia over the forecast period.

Scope of the Report

Surgical devices serve a specific purpose during surgery. Typically, surgical devices have generic use, while some specific tools are designed for specific procedures or surgeries. The scope of the report covers several market aspects of the surgical devices in relation to products, and applications.

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Key Market Trends

Hnadheld Devices to Register Rapid Growth

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.

Needle holder, also called the needle driver, is a surgical instrument used by doctors and surgeons to hold a suturing needle for closing wounds during suturing and surgical procedures. Needle holders are very similar in shape to hemostats, featuring jaws and handles. Needle holders allow the needle to be locked into place for suturing, in a variety of tissue types. The parts of a needle holder are the jaws, the joint, and the needles. Selecting the needle holder depends upon the type of surgical needle. It is one of the most commonly used surgical tools for both human and animal procedures. Surgical operations demand surgeons to frequently engage in hand intensive activities, including suturing. The needle holder market is growing, due to a rise in minimally invasive surgical procedures in Saudi Arabia and an increase in outpatient surgeries. 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.

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Competitive Landscape

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.

Major Players

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Overview
2. 4.2 Market Drivers
  1. 4.2.1 Rising Demand for Minimally Invasive Devices
  2. 4.2.2 Growing Cases of Injuries and Accidents
  3. 4.2.3 Increasing Healthcare Expenditures in Emerging Economies
3. 4.3 Market Restraints
  1. 4.3.1 Stringent Government Regulations
  2. 4.3.2 Improper Reimbursement for Surgical Devices
4. 4.4 Porter's Five Force Analysis
  1. 4.4.1 Threat of New Entrants
  2. 4.4.2 Bargaining Power of Buyers/Consumers
  3. 4.4.3 Bargaining Power of Suppliers
  4. 4.4.4 Threat of Substitute Products
  5. 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
1. 5.1 By Product
  1. 5.1.1 Handheld Devices
  2. 5.1.2 Laproscopic Devices
  3. 5.1.3 Electro Surgical Devices
  4. 5.1.4 Wound Closure Devices
  5. 5.1.5 Trocars and Access Devices
  6. 5.1.6 Other Products
2. 5.2 By Application
  1. 5.2.1 Gynecology and Urology
  2. 5.2.2 Cardiology
  3. 5.2.3 Orthopaedic
  4. 5.2.4 Neurology
  5. 5.2.5 Other Applications
6. COMPETITIVE LANDSCAPE
1. 6.1 Company Profiles
  1. 6.1.1 B. Braun Melsungen AG
  2. 6.1.2 Boston Scientific Corporation
  3. 6.1.3 Conmed Corporation
  4. 6.1.4 Johnson & Johnson
  5. 6.1.5 Getinge AB
  6. 6.1.6 Medtronic PLC
  7. 6.1.7 Olympus Corporations
  8. 6.1.8 Stryker Corporation

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments