Saudi Arabia Patient Monitoring Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Saudi Arabia Patient Monitoring Market is Segmented by Type of Device, Application, and End Users

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2021
CAGR: 6.72 %

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Market Overview

  • The Saudi Arabian patient monitoring market will show rapid growth due to the rising incidences of chronic diseases, growth in the geriatric population, and growing preference for home and remote monitoring.
  • There is an increasing prevalence of chronic diseases in Saudi Arabia and contributed to almost 60% of all premature deaths in 2016, which is estimated to rise to 73% by 2020. Of these, diabetes and hypertension are common, with prevalence rates of 23% and 26%, respectively. In the Jeddah region, at 30%, diabetes prevalence is the highest regionally in Saudi Arabia. Therefore, the increasing prevalence of chronic diseases is linked to an aging society and lifestyle choices, such as smoking, sexual behavior, diet, exercise, and genetic predisposition. Therefore, with the increase in chronic diseases, there are increasing patient monitoring devices that help to reduce readmissions and prevent avoidable hospitalizations.
  • Moreover, these technologies decrease the number of unnecessary trips to the doctor’s office and reduce travel-related expenses. Hence all these factors are expected to increase the overall market growth.

Scope of the report

As per the scope of this report, patient monitoring devices are monitoring devices that continuously monitor the patient’s vital parameters, like blood pressure and heart rates, by using a medical monitor and collecting medical (and other) data from individuals.

By Type of Device
Hemodynamic Monitoring Devices
Neuromonitoring Devices
Cardiac Monitoring Devices
Respiratory Monitoring Devices
Remote Monitoring Devices
Other Types of Devices
By Application
Cardiology
Neurology
Respiratory
Fetal and Neonatal
Weight Management and Fitness Monitoring
Other Applications
By End-users
Home Healthcare
Hospitals
Other End Users

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Key Market Trends

Remote Monitoring Devices is Expected to Grow Fastest During the Forecast Period

  • Remote patient monitoring (RPM) involves the monitoring of various parameters, such as vital signs, weight, blood pressure, blood sugar, blood oxygen levels, heart rate, and electrocardiograms. The monitoring helps in treating the diseases and aids in keeping people healthy, allow older and disabled individuals to live at home longer, and avoid having to move into skilled nursing facilities.
  • In addition, the increasing prevalence of chronic diseases, which require continuous monitoring of COPD and cardiovascular abnormalities, demands remote monitoring devices. The rising increase in the aging population and the government's increased support to reduce hospitalization costs are propelling the growth of remote monitoring devices market.
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Competitive Landscape

The patient monitoring market consists of several major players. The companies implement certain strategic initiatives, such as mergers, new product launches, acquisitions, and partnerships that help them in strengthening their market position. Prominent industry players adopt strategies, including acquisitions, mergers, distribution agreements, and innovative product launches to enhance product portfolio and garner higher market share.

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 Incidences of Chronic Diseases

      2. 4.2.2 Growth in Geriatric Population

      3. 4.2.3 Growing Preference for Home and Remote Monitoring

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Technology

    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 Type of Device

      1. 5.1.1 Hemodynamic Monitoring Devices

      2. 5.1.2 Neuromonitoring Devices

      3. 5.1.3 Cardiac Monitoring Devices

      4. 5.1.4 Respiratory Monitoring Devices

      5. 5.1.5 Remote Monitoring Devices

      6. 5.1.6 Other Types of Devices

    2. 5.2 By Application

      1. 5.2.1 Cardiology

      2. 5.2.2 Neurology

      3. 5.2.3 Respiratory

      4. 5.2.4 Fetal and Neonatal

      5. 5.2.5 Weight Management and Fitness Monitoring

      6. 5.2.6 Other Applications

    3. 5.3 By End-users

      1. 5.3.1 Home Healthcare

      2. 5.3.2 Hospitals

      3. 5.3.3 Other End Users

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 Baxter International Inc.

      3. 6.1.3 Becton, Dickinson and Company

      4. 6.1.4 Dragerwerk AG

      5. 6.1.5 GE Healthcare

      6. 6.1.6 Koninklijke Philips NV

      7. 6.1.7 Medtronic PLC

      8. 6.1.8 Siemens Healthcare

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

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

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Frequently Asked Questions

The Saudi Arabia Patient Monitoring Market market is studied from 2018 - 2026.

The Saudi Arabia Patient Monitoring Market is growing at a CAGR of 6.72% over the next 5 years.

Abbott Laboratories , Becton, Dickinson and Company , Drägerwerk AG , GE Healthcare , Medtronic PLC are the major companies operating in Saudi Arabia Patient Monitoring Market.

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