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The Saudi Arabia Hospital Supplies Market is expected to grow at the registered CAGR of 7% during the forecast period, 2022-2027.
COVID-19 has a significant impact on the Saudi Arabian hospital supplies market because it has increased demand for hospital supplies products across the country in order to prevent COVID-19, resulting in a rapid rise in hospital supplies products. During the COVID-19 outbreak in 2020, demand surged, as caregivers scrambled to find disposable and reusable protective suits as infection cases rose. For Instance, as per the article published in the Jama Network in March 2020, by Edward Livingston, MD, approximately 70% of direct purchasing or procurement of drugs in shortage with medical equipment recorded a short supply of 33%. As a result, during the COVID-19 market, the growing scarcity of hospital supplies had a significant impact on the market studied.
The major factors for the growth of the Saudi Arabia hospital supplies market include the increasing incidences of communal diseases, growing awareness about hospital-acquired infections, and the rise in aging population.
The significant increase in the aging population every year has a direct impact on the rising number of the geriatric population being hospitalized due to chronic diseases. According to the article published in the BMC Geriatric in March 2021, titles as "Prevalence of frailty and associated factors among Saudi community-dwelling older adults: a cross-sectional study" Saudi older population will increase from 5.6% in 2017 to 22.9% by 2050. Thus, rising in geriatric population, which is more prone to chronic diseases, such as cancer, cardiovascular illnesses, and other disorders, is expected to serve as the primary driver in this market, thereby increasing the demand for hospital supplies.
Furthermore, rising in the communal diseases expected to grow the market over the forecast period. The communicable disease include HIV, hepatitis A, B and C, measles, salmonella, measles, and blood-borne illnesses. According to the article published in the MDPI Journal in January 2022, by Barry M. in 2019, there were 8148 cases of all diagnosed HIV infections among Saudi nationals, with 533 new cases diagnosed. Thus, rising in the communal diseases patients in country increased the hospital admission thereby boost the market studied.
However, increasing awareness about the hospital-acquired infections (HAI) in the healthcare worker is boost the market. According to the study published in the Antimicrobial Resistanace and Infection Control in July 2020, titled "Healthcare workers’ perspectives on healthcare-associated infections and infection control practices: a video-reflexive ethnography study in the Asir region of Saudi Arabia" study found that healthcare workers had excellent knowledge of hospital-acquired infections. The participants from the intensive care units, on the other hand, scored higher in terms of HAI knowledge and infection control practise.
In addition, there is a growing demand for outpatient surgical centers, imaging centers, and physician offices. Thus, aging plays a significant role in the high number of hospital visits. Thus, the demand for hospital supplies is expected to increase over the forecast period.
Scope of the Report
As per the scope of the report, the hospital supplies market of Saudi Arabia encompasses supply of devices essential to reduce medical errors and improve patient safety in the hospitals. These are associated with the protection against hospital-acquired infections (HAIs), including products to maintain proper management of hospital equipment. The Saudi Arabia Hospital Supplies Market is segmented by Product Type (Operating Room Equipment, Mobility Aids and Transportation Equipment, Sterilization and Disinfectant Products, Disposable Hospital Supplies, Syringes and Needles, and Other Product Types). The report offers the value (in USD million) for the above segments.
|By Product Type|
|Operating Room Equipment|
|Mobility Aids and Transportation Equipment|
|Sterilization and Disinfectant Products|
|Disposable Hospital Supplies|
|Syringes and Needles|
|Other Product Types|
Key Market Trends
The Operating Room Equipment Segment is Expected to hold the Largest Market Share During the Forecast Period
The public demand for operating rooms and emergency rooms, where critically ill patients are treated, is witnessing a steady rise. The survival rate of critically ill patients in the emergency department is directly related to the advancement of early recognition and treatment of diseases, and continuous observation by the nurse staff members, doctors, and physicians. Some of the durables in the operating room include utility columns, surgical and exam lights, stretchers and their accessories, cushions, mattresses, sterilizing and cleaning equipment, and surgical tables and their accessories.
In Saudi Arabia, an increase in road traffic accidents, despite advancements in safety technology, is among the primary reasons for the rising demand for operating rooms or emergency rooms, along with the necessary equipment. According to the Ministry of Health Saudi Arabia Report in May 2021, the number of accident injuries recorded in 2020 was 25,561 and the total accidental death was 4,618. Thus significant numbers of traffic accident injuries recorded in the country and expected to rise over the forecast period boost the segment growth. There are a significant number of cases of hemiplegia, paraplegia, and quadriplegia, due to road accidents in the country. In this segment, the country is equipped with hospitals supplies from several major companies, such as Arabian Health Care Supply Company (AHCSC), Emitac Healthcare Solutions, and Cardinal Health, among others.
It is expected that better government involvement through funding, initiatives, and collaboration with multinational companies may provide consistent growth in the operating room equipment segment. According to a new Gulf Cooperation Council (GCC) report, published in April 2021, Saudi Arabia has announced plans to invest USD66 billion in healthcare infrastructure by 2030, with a goal of increasing private sector participation.
Thus all aforementioned factors such as incresing in the road accidents and government funding to build the healthcare infrastructure boost the segment growth.
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The Saudi Arabian hospital supplies market is a fragmented market, owing to the direct presence of a few major players. Furthermore, some of the market players are acquiring a significant market share by focusing more on the distribution channel of the products. Some of the market players are 3M Company, B. Braun Melsungen AG, Baxter International, Becton Dickinson and Company, GE Healthcare, Johnson & Johnson, Medtronic, Smith & Nephew, and Stryker Corporation.
- In March 2021, Careon Healthcare Solutions has finalized joint ventures in Saudi Arabia and Sri Lanka for surgical, medical disposable products.
- In December 2020, Jofo Nonwovens Co. and Takween Advanced Industries jointly signed an agreement for the sale of 70.00% of the shares of Advance Fabrics Company (SAAF), a Saudi Arabia-based nonwovens manufacturer. The transaction enables Jofo, to enter the medical market of Saudi Arabia.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Incidences of Communal Diseases
4.2.2 Growing Awareness about Hospital Acquired Infections
4.2.3 Rise in Ageing Population
4.3 Market Restraints
4.3.1 Growing Adoption of Home Healthcare Services
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value – USD million)
5.1 By Product Type
5.1.1 Operating Room Equipment
5.1.2 Mobility Aids and Transportation Equipment
5.1.3 Sterilization and Disinfectant Products
5.1.4 Disposable Hospital Supplies
5.1.5 Syringes and Needles
5.1.6 Other Product Types
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Company Profiles
6.1.1 3M Company
6.1.2 B. Braun Melsungen AG
6.1.3 Baxter International
6.1.4 Becton, Dickinson and Company
6.1.5 GE Healthcare
6.1.6 Johnson & Johnson
6.1.8 Smith & Nephew
6.1.9 Stryker Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Saudi Arabia Hospital Supplies Market market is studied from 2019 - 2027.
What is the growth rate of Saudi Arabia Hospital Supplies Market?
The Saudi Arabia Hospital Supplies Market is growing at a CAGR of 7% over the next 5 years.
Who are the key players in Saudi Arabia Hospital Supplies Market?
3M, GE Healthcare, Stryker Corporation, B. Braun Melsungen AG, Beckton, Dickinson and Company are the major companies operating in Saudi Arabia Hospital Supplies Market.