Market Size of Saudi Arabia Endoscopy Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Endoscopy Devices Market Analysis
The Saudi Arabia endoscopy devices market is seen increasing due to the increasing patient preference for minimally-invasive procedures, high incidences of chronic diseases, increased awareness, and technological advancements.
Improved quality of care is triggering the market growth for endoscopy devices in Saudi Arabia. According to Taif Health Affairs, the Endoscopy Department of King Faisal Medical Complex has been enhanced with new cutting-edge endoscopic medical devices. Since 2017, the Department has performed 3,454 endoscopic procedures, including diagnostic and therapeutic upper & lower gastrointestinal (GI) endoscopies. Endoscopes has thus revolutionized the treatment and prevention of certain diseases, but it is also imposing the risk of infection that are associated with usage of endoscopes and is thus negatively impacting the growth of the market in Saudi Arabia.
Saudi Arabia Endoscopy Devices Industry Segmentation
As per the scope of this report, endoscopy devices are minimally invasive and can be inserted into natural openings of the human body, in order to observe an internal organ or a tissue in detail. Endoscopic surgeries are performed for imaging procedures and minor surgeries.
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| By Application | |
| Gastroenterology | |
| Orthopedic Surgery | |
| Cardiology | |
| ENT Surgery | |
| Gynecology | |
| Neurology | |
| Urology | |
| Others |
Saudi Arabia Endoscopy Devices Market Size Summary
The Saudi Arabia endoscopy devices market is experiencing significant growth driven by a shift towards minimally invasive procedures, a rise in chronic disease prevalence, and advancements in technology. The enhancement of medical facilities, such as the King Faisal Medical Complex, with state-of-the-art endoscopic devices has improved the quality of care, further fueling market expansion. Endoscopy has transformed the treatment and prevention of various diseases, although it also presents challenges, such as the risk of infections associated with device use, which can hinder market growth. The development of endoscopic cameras, equipped with advanced sensors like CMOS and CCD, plays a crucial role in enhancing visualization during procedures, supporting the market's upward trajectory.
The market for endoscopy devices in Saudi Arabia has rapidly evolved, offering substantial opportunities for medical device companies that introduce innovative equipment. Key players in this sector include KARL STORZ, PENTAX Medical, Apollo Endosurgery, Inc., Fujifilm Holdings Corporation, Stryker, CONMED Corporation, and Olympus, among others. The increasing demand for advanced diagnostics and the growing incidence of chronic diseases are expected to further drive the market's expansion, positioning it as a dynamic and competitive landscape for industry participants.
Saudi Arabia Endoscopy Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Preference for Minimally-invasive Surgeries
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1.2.2 Technological Advancements Leading to Enhanced Applications
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1.3 Market Restraints
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1.3.1 Infections Caused by Endoscopes
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type of Device
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2.1.1 Endoscopes
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2.1.1.1 Rigid Endoscope
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2.1.1.2 Flexible Endoscope
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2.1.1.3 Capsule Endoscope
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2.1.1.4 Robot-assisted Endoscope
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2.1.2 Endoscopic Operative Device
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2.1.2.1 Irrigation/Suction System
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2.1.2.2 Access Device
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2.1.2.3 Wound Protector
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2.1.2.4 Insufflation Device
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2.1.2.5 Operative Manual Instrument
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2.1.2.6 Other Endoscopic Operative Devices
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2.1.3 Visualization Equipment
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2.1.3.1 Endoscopic Camera
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2.1.3.2 SD Visualization System
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2.1.3.3 HD Visualization System
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2.2 By Application
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2.2.1 Gastroenterology
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2.2.2 Orthopedic Surgery
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2.2.3 Cardiology
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2.2.4 ENT Surgery
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2.2.5 Gynecology
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2.2.6 Neurology
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2.2.7 Urology
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2.2.8 Others
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Saudi Arabia Endoscopy Devices Market Size FAQs
What is the current Saudi Arabia Endoscopy Devices Market size?
The Saudi Arabia Endoscopy Devices Market is projected to register a CAGR of 8.20% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Endoscopy Devices Market?
KARL STORZ, PENTAX Medical, Diversatek, Inc., Apollo Endosurgery, Inc and Fujifilm Holdings Corporation are the major companies operating in the Saudi Arabia Endoscopy Devices Market.
