Market Size of Saudi Arabia General Surgical Devices Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 5.70 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Saudi Arabia General Surgical Devices Market Analysis
Saudi Arabia's general surgical devices market is expected to register a CAGR of 5.7% over the forecast period.
COVID-19 has significantly impacted the Saudi Arabia general surgical devices market due to consistent lockdowns and a decrease in outpatient department (OPD) visits. This has resulted in a decline in surgical procedures and the adoption of surgical devices in this region. Furthermore, as per the report published by Cureus in November 2022, acute appendicitis, gallstones, and hernia cases increased during the pandemic in Saudi Arabia and few were postponed for surgeries. However, due to the decrease in the cases of COVID-19 and vaccination in the country, the healthcare clinics are resuming the postponed surgeries which are likely to increase the demand for general surgical devices and drive the market over the forecast period.
The factors such as rising demand for minimally invasive surgeries, growing cases of injuries and accidents, and increasing healthcare expenditures, among others are expected to drive the market growth in this region. According to the study published by GSRES in May 2021, the number of road accidents in Saudi Arabia is increasing, and in comparison to other countries, Saudi Arabia has an injury ratio of 8:1. It is apparent that road accidents were widespread in Saudi Arabia compared to the rest of the world. The increasing number of road accidents in Saudi Arabia that result in trauma would raise the use of general surgical equipment to fix and accelerate the growth of the market.
In addition, rising partnerships of medical device companies with the Saudi Arabian Governmental agencies will further lead to increased adoption of general surgical devices in this region, driving the market growth. For instance, in September 2021, MODON signed an industrial land lease contract in Jeddah's Third Industrial City to centralize the Kingdom's medical supply business. The contract aims to set up a project to localize the production of sterile surgical instruments ready for use in operations. Thus, these types of contracts help to increase surgical device supply to healthcare facilities thereby expected to have a positive impact on the market.
However, stringent government regulations and improper reimbursement for surgical devices, among others are expected to hamper the market growth.
