Market Trends of Saudi Arabia Cardiovascular Devices Industry
Electrocardiogram (ECG) Segment Holds Major Share in the Market and Expected to Do Same Over the Forecast Period
- An electrocardiogram (ECG), also referred to as an EKG, is a non-invasive diagnostic test that measures the electrical activity of the heart. The demand for ECG devices is increasing in Saudi Arabia due to the high prevalence of cardiovascular diseases and their underlying causes, such as obesity and high blood pressure, along with advancements in ECG monitoring technology.
- According to data published by the University Center for Obesity Research at King Saud University in 2022, the obesity rates in Saudi Arabia were alarmingly high, with 23.6 percent of women and 14 percent of men being classified as obese. This, along with other cardiovascular risk factors, has contributed to the growing demand for ECG devices in the country.
- The adoption of portable and compact ECGs, especially in the home healthcare market, is also accelerating due to their convenience and ease of use. Additionally, wearable smart devices with heart-monitoring capabilities, such as bands, watches, and rings, have become increasingly popular among many people. For example, in June 2021, Cardiac Insights, Inc. announced the launch of its Cardea SOLO ECG System at Arab Health 2021, the largest healthcare exhibition in the Middle East. This wearable cardiac sensor and proprietary software automatically analyze ECG data to improve early detection and diagnosis of cardiac arrhythmias, such as atrial fibrillation (Afib).
- The introduction of innovative ECG products and the rising incidences of cardiovascular diseases are expected to drive the segment's growth in Saudi Arabia in the coming years.
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Catheters are Expected to Witness a Healthy Growth in Coming Years
- Cardiac catheterization is a medical procedure used to diagnose or treat certain heart conditions by guiding a thin, flexible tube (catheter) through a blood vessel to the heart. In Saudi Arabia, the increasing burden of cardiovascular diseases has led to a rise in demand for cardiac catheters, which is expected to drive segment growth.
- Aside from the growing prevalence of cardiac diseases, the market is also being propelled by new product launches and initiatives by the Saudi government. For example, in June 2021, Siemens Healthineers and SAJAYA Healthcare Services Company signed a partnership agreement to provide integrated diagnostic services and specialized home care in Saudi Arabia. Such strategic moves by major companies are expected to contribute to the segment's strong growth in the years to come.
- Moreover, the country's hospital system has undergone a significant transformation, leading to an increase in the number of surgeries being performed. The availability of improved hospital services has also driven up demand for cardiovascular surgeries, resulting in a surge in demand for cardiac catheters. In August 2022, the Heart Center at Prince Mohammed bin Nasser Hospital in Jazan reported performing over 1,400 catheterization and cardiac surgeries during the year's first half. With such a high number of surgeries being performed in hospitals across Saudi Arabia, the segment is poised for significant growth during the forecast period.
