The Saudi Arabian market for minimally invasive devices is currently estimated to be worth USD1.055 billion for the year 2014 and is expected to reach USD 1.285 billion by the end of 2019. The CAGR during this period of the forecast is projected to be 8.49%.
This escalation is developing the need to analyze, review and forecast the growth of the minimally invasive device market. Owing to the rapid evolution of the market in the use of technology, medical device companies that are able to launch new innovative equipment will be rewarded with huge benefits.
Saudi Arabia Minimally Invasive Surgery Devices Market-Market Dynamics
The report details several factors driving and restraining the market. Some of these are listed below.
Drivers
Some of the factors contributing to the growth of the market are:
- Technological advancements
- Improved patient quality of life
- Reduced healthcare expenditure
- Increase in the aging population around the globe
- Ever-increasing demand for minimally invasive procedures to be undertaken at medical facilities
Restraints
Lack of properly skilled labor and stringent regulatory framework are the major challenges faced by the minimally invasive devices market.
The report studies in detail the different minimally invasive devices, which include surgical equipment, monitoring & visualization equipment, robotic-assisted surgical systems and electrosurgical equipment. Monitoring & visualization equipment currently dominate the market and are set to dominate it the future also.
What the Report Offers
- Market analysis for Saudi Arabia’s minimally invasive surgery devices market, with region-specific assessments and competition analysis on the global and regional scale.
- Market definition along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their market share for the next five years.
- Identification and analysis of the macro and micro factors that affect the market on both global and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
- Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
- The various applications of minimally invasive devices have been discussed in detail, in addition to a comprehensive overview of the market.
