Saudi Arabia Surgical Equipment and Instruments Market (2024-2030) | Growth, Outlook, Size, Companies, Share, Trends, Industry, Analysis, Forecast, Value & Revenue

Saudi Arabia Surgical Equipment and Instruments Market Synopsis

Saudi Arabia surgical equipment and instruments market is projected to reach USD 1.24 billion by 2026, growing at a CAGR of 6.1% during the forecast period (2020-2026). The demand for advanced medical equipment has been increasing in Saudi Arabia due to the rising prevalence of chronic diseases such as diabetes and cardiovascular disorders as well as injuries associated with accidents, sports, etc. This has resulted in an increased expenditure on healthcare which has further driven the growth of this market. Additionally, the introduction of new innovative products and technologies combined with government initiatives such as Vision 2030 are also anticipated to support industry growth over the next few years.

Market Drivers

Patients suffering from chronic illnesses require frequent medical intervention which increases their dependence on medical devices including surgical instruments. As per World Health Organization estimates, around 35% of adult Saudis suffer from Non-communicable diseases (NCDs) such as obesity, diabetes, hypertension and cardiovascular diseases among others making it one of the highest prevalences in the world. This is expected to drive higher adoption rates for various types of surgical equipment thereby driving market demand over coming years. The development & introduction of technologically advanced products have enabled healthcare professionals to perform surgeries more efficiently resulting in improved patient outcomes while reducing overall procedure costs significantly thus leading towards higher acceptance rate globally apart from Saudi Arabia too . Furthermore ,the government??s focus towards modernizing public health system by investing heavily across its infrastructures is likely to create lucrative opportunities for players operating within this space going forward.

Challenges of the Market

The lack availability skilled technicians particularly those specialized in handling complex equipments restricts efficient utilization & implementation these systems hindering their optimal use even though they are approved by regulatory authorities . Moreover, longer training cycles associated with them coupled with language barriers hinder industry progress adding onto existing woes.

Covid 19 Impact on the Market

With Covid-19 pandemic outbreak across many countries around the world including Saudi Arabia; it had severely impacted surgical instrument production and sales owing to complete disruption in supply chain from manufacturing units located outside SA or due to shut down or lockout declared by governments as precautionary measure against virus spread.. This has also changed purchasing patterns from hospitals/clinics as well as forced some major players like Stryker Corporation & Medtronic Inc., who were earlier planning their entrance into this market; have delayed their plans until situation improves significantly. This impact has been observed mainly on large capital intensive products such as neurosurgery systems & cardiovascular stents which require significant investments before utilization at clinical settings.. Therefore companies have cut down their expansion plans till 2021 when vaccine is expected become available widely leading procurement activities back normalcy.

key players of the Market

Key Players Operating In The Market Include, Stryker Corporation (U.S.), Johnson&Johnson (U.S.), B Braun Medical Inc.(Germany), KARL STORZ GmbH & Co KG(Germany), Olympus Corp.(Japan), Aesculap Implant Systems LLC(U .S.), Smith&Nephew plc(UK) , Getinge AB(Sweden) , Integra Life Sciences Corp.( U . S.) , Medline Industries Inc.( U . S.)

Key Highlights of the Report:

• Saudi Arabia Surgical Equipment and Instruments Market Outlook
• Market Size of Saudi Arabia Surgical Equipment and Instruments Market, 2023
• Forecast of Saudi Arabia Surgical Equipment and Instruments Market, 2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Revenues & Volume for the Period 2020-2030
• Saudi Arabia Surgical Equipment and Instruments Market Trend Evolution
• Saudi Arabia Surgical Equipment and Instruments Market Drivers and Challenges
• Saudi Arabia Surgical Equipment and Instruments Price Trends
• Saudi Arabia Surgical Equipment and Instruments Porter's Five Forces
• Saudi Arabia Surgical Equipment and Instruments Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Product for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Surgical Sutures and Staples for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Handheld Surgical equipment for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Electrosurgical Devices for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Category for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Reusable Surgical Equipment for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Disposable Surgical Equipment for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Neurosurgery for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Plastic and Reconstructive Surgeries for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Wound Closure for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Urology for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Obstetrics and Gynecology for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Microvascular Surgery for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Cardiovascular Surgery for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Surgical Equipment and Instruments Market Revenues & Volume By Others for the Period 2020-2030
• Saudi Arabia Surgical Equipment and Instruments Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Category
• Market Opportunity Assessment By Application
• Saudi Arabia Surgical Equipment and Instruments Top Companies Market Share
• Saudi Arabia Surgical Equipment and Instruments Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Surgical Equipment and Instruments Company Profiles
• Saudi Arabia Surgical Equipment and Instruments Key Strategic Recommendations

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