Market Overview

Medical devices can be instruments, apparatus, machines, appliances, implants, software, materials, etc. envisioned to be used for medical problems that do not attain their primary proposed action by pharmacological, immunological, or metabolic paths. The expansion of the private healthcare system and the increasing population in Saudi Arabia have led to the growth of the medical devices market in recent years. However, the shortage of medical professionals and low healthcare expenditure are likely to restrain the market growth over the forecast period. Major factors facilitating the market growth are the flourishing medical device industry, the rising burden of chronic diseases, growing medical tourism, and the expansion of the private healthcare system. In contrast, the shortage of healthcare professionals (HCP) in the region is anticipated to restrain the market growth during the forecast period. The other growth factors include the rising prevalence of non-communicable diseases and the increasing population in the region.
Saudi Arabia medical devices market is entitled to exhibit rampant market growth during the forecast period of 2020 to 2027. Major factors facilitating the market growth are the flourishing medical device industry, the rising burden of chronic diseases, growing medical tourism, and the expansion of the private healthcare system. In contrast, the shortage of healthcare professionals (HCP) in the region is anticipated to restrain the market growth during the forecast period. The other growth factors include the rising prevalence of non-communicable diseases and the increasing population in the region.

Market Segmentation

The scope of the Saudi Arabia medical device market study includes market size analysis and a detailed analysis of the manufacturer’s products and strategies. The market has been segmented based on device type, application, end-user, and region.
Based on device type, the Saudi Arabia medical device market has been segmented into drug delivery systems, invasive devices, respiratory therapeutic devices, patient monitoring devices, diagnostic devices and others. The other segment includes stethoscopes, thermometers, and other such devices intended for clinical applications.
On the basis of application, the Saudi Arabia medical device market has been segmented into general surgery, diagnostic imaging, respiratory, orthopedics, dental, neurology, ophthalmology, ENT, cardiovascular diseases, oncology, nephrology & urology, and others.

Major Players

The major players in the Saudi Arabia medical device market are Koninklijke Philips NV, Johnson & Johnson, Medtronic plc, Siemens, and GE Healthcare.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

The post Saudi Arabia Medical Device Market Research Report Forecast to 2027 first appeared on CRI Report.

Key growth drivers of the market:
o The central government of India, as well as several private organizations have taken initiatives to improve the condition of public health within the country. Such participation from the public and private enterprises have resulted in the growth of the healthcare sector, thereby leading the medical devices market in India to prosper.
o The Indian government has allowed 100% foreign direct investment (FDI) in the medical devices industry. Inflow of FDI is expected to spur research and development (R&D) activities and manufacturing innovations, which in turn can help in driving the growth of the medical devices market in India.

Key deterrent to the growth of the market:

India imports nearly 70% of the total number of medical devices sold in the country. Excessive dependency on import of high-tech devices from the developed countries is hindering the growth of the domestic medical devices’ manufacturers in India.

Companies covered:

o Centenial Surgical Suture Ltd.
o Opto Circuits (India) Ltd.
o Poly Medicure Ltd.
o B. Braun Medical (India) Pvt. Ltd.
o Philips India Ltd.
o Baxter International Inc.
o Becton, Dickinson and Company
o GE Healthcare Ltd.
o Medtronic, Inc.
o Siemens Healthineers, Inc.

The post Medical Device Market in India (2018-2023) first appeared on CRI Report.

Table of Contents:

1 Report Prologue
2 Market Introduction
2.1 Definition
2.2 Scope of Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
2.5 Market Structure
3 Research Methodology
3.1 Primary Research Methodology
3.2 Secondary Research Methodology
3.3 Market Share Analysis
3.4 Market Pricing Approach
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing prevalence of chronic diseases
4.2.2 Rising economic growth
4.2.3 Increasing geriatric population
4.2.4 Increasing use of non-invasive devices
4.3 Restraints
4.3.1 Stringent Government Regulation
4.3.2 Lack of research and development in underdeveloped region
4.4 Trends
4.5 Opportunity
5 Market Factor Analysis
5.1 Value Chain Analysis
5.1.1 R&D and Designing
5.1.2 Manufacturing
5.1.3 Distribution & Sales
5.1.4 Post-Sales Review
5.2 Porter’s Five Forces Model
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Buyers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitutes
5.2.5 Intensity of Rivalry
5.3 Pricing Analysis
5.4 Macroeconomic Indicators
6 Global Medical Device & Accessories Market by Type of Device
6.1 Introduction
7 Global Medical Devices & Accessories Market by Region
7.1 Introduction
7.2 Americas
7.2.1 North America
7.3 Europe
7.3.1 Western Europe
7.4 Asia Pacific
7.5 The Middle East & Africa
8 Company Landscape
8.1 Introduction
8.2 Company Share Analysis
8.3 Key Developments
8.3.1 Acquisition & Collaboration
8.3.2 Product Launch and Approval
9 Company Profiles
9.1 Johnson & Johnson Services, Inc
9.1.1 Company Overview
9.1.2 Financials
9.1.3 Products
9.1.4 Strategy
9.1.5 Key Developments
9.2 Stryker Corporation
9.2.1 Company Overview
9.2.2 Financials
9.2.3 Products
9.2.4 Strategy
9.2.5 Key Developments
9.3 KONINKLIJKE PHILIPS N.V
9.3.1 Company Overview
9.3.2 Financials
9.3.3 Products
9.3.4 Strategy
9.3.5 Key Developments
9.4 General Electric Company
9.4.1 Company Overview
9.4.2 Financials
9.4.3 Products
9.4.4 Strategy
9.4.5 Key Developments
9.5 Siemens AG
9.5.1 Company Overview
9.5.2 Financials
9.5.3 Products
9.5.4 Strategy
9.5.5 Key Developments
9.6 Medtronic
9.6.1 Company Overview
9.6.2 Financials
9.6.3 Products
9.6.4 Strategy
9.6.5 Key Developments
9.7 Danaher Corporation
9.7.1 Company Overview
9.7.2 Financials
9.7.3 Products
9.7.4 Strategy
9.7.5 Key Developments
9.8 Boston Scientific Corporation
9.8.1 Company Overview
9.8.2 Financials
9.8.3 Products
9.8.4 Strategy
9.8.5 Key Developments
10 Conclusion
10.1 Key Findings
10.1.1 CEO’s Viewpoint
10.1.2 Unmet Needs
10.1.3 Key Companies to Watch
11 Appendix
11.1 Discussion Blue Print
11.2 References

The post Global Medical Device Accessories Market Research Report- Forecast to 2023 first appeared on CRI Report.