Saudi Arabia Hospital Supplies Market Size

Saudi Arabia Hospital Supplies Market Analysis

The Saudi Arabia Hospital Supplies Market size is estimated at USD 1.06 billion in 2024, and is expected to reach USD 1.40 billion by 2029, growing at a CAGR of 5.80% during the forecast period (2024-2029).

COVID-19 impacted the market adversely during its initial phase. Hospital admissions and healthcare services were significantly reduced due to social distancing measures taken by the government of Saudi Arabia. COVID-19 not only affected the economy of the country but also had a huge impact on the functioning of hospital care for non-COVID-19 patients in the country. Various research studies suggest that diagnostics and healthcare centers closed their patient admission during the pandemic's initial phase, which significantly hampered the hospital supplies market in the country. The high risk of cross-infections and people avoiding going outside influenced the overall market in the country. However, the market recovered after the restrictions were lifted and the import of medical supplies from various countries resumed.

In addition, increasing incidences of communal diseases, growing awareness about hospital-acquired infections, and a rise in the aging population are the key factirs affecting the growth of the market.

Although most infectious diseases can be treated or prevented, infectious diseases have a profound impact on the mortality of the target population in Saudi Arabia. According to a research article published in August 2022 by the National Center for Biotechnology Information (NCBI), brucellosis, chickenpox, and amoebic dysentery are the most chronic infectious diseases that are transmitted easily among people in Saudi Arabia. As per the same source, there was a 57% increase in contagious disease-related hospital admissions during the Hajj event every year, with pneumonia accounting for up to 39% of all hospital admissions during this time.

According to the article published in Mrcroorganisms Journal in September 2022, Escherichia coli isolates were predominantly found among cardiovascular, kidney, and cancer patients, in the retrospective study conducted in a tertiary hospital in Saudi Arabia. As the number of infectious disease patients and other patients with chronic diseases affected by infections is increasing in the country, the need for hospitalizations is also increasing, which is further expected to fuel the market's growth.

Rising awareness about the importance of infection control in health facilities is one of the major factors that is leading the government of Saudi Arabia to launch various initiatives. For instance, according to the Ministry of Health (MOH) report published in January 2022, due to an increase in the number of cases of HAIs, MOH celebrates Health Days Week in the month of October, following the International Infection Control and Prevention guidelines. As a part of the mentioned initiative, in January 2022, MOH awarded the International Medical Center (IMC)'s Infection Control and Prevention Department as a 'center of excellence' for 2020-2021 among all other hospitals in the private sector in Jeddah, Saudi Arabia. Such initiatives are projected to create awareness among the target population about HAIs and the healthcare community reagrding infection control procedures in healthcare settings. Therefore, this factor is expected to create numerous opportunities for hospital supplies and their availability in hospitals and contribute to the market's growth.

Such factors indicate that there is a growing demand for outpatient surgical centers, imaging centers, and physician offices, thus boosting the demand for hospital supplies. This demand is expected to propel the market's growth during the forecast period. However, the growing adoption of home healthcare services may impede the market in the future.