Saudi Arabia General Surgical Devices Market - Growth, Trends, and Forecasts (2020 - 2025)

The Saudi Arabia General Surgical Devices Market is segmented by Product, and Application (Gynecology and Urology, Cardiology, Orthopaedic, Neurology, Other Applications)

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 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.

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.

By Product
Handheld Devices
Laproscopic Devices
Electro Surgical Devices
Wound Closure Devices
Trocars and Access Devices
Other Products
By Application
Gynecology and Urology
Cardiology
Orthopaedic
Neurology
Other Applications

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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.

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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.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 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. 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. 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

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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

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