Market Size of Saudi Arabia General Surgical Devices Industry
Study Period | 2021 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2021 - 2022 |
CAGR | 5.70 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Saudi Arabia General Surgical Devices Market Analysis
Saudi Arabia's general surgical devices market is expected to register a CAGR of 5.7% over the forecast period.
COVID-19 has significantly impacted the Saudi Arabia general surgical devices market due to consistent lockdowns and a decrease in outpatient department (OPD) visits. This has resulted in a decline in surgical procedures and the adoption of surgical devices in this region. Furthermore, as per the report published by Cureus in November 2022, acute appendicitis, gallstones, and hernia cases increased during the pandemic in Saudi Arabia and few were postponed for surgeries. However, due to the decrease in the cases of COVID-19 and vaccination in the country, the healthcare clinics are resuming the postponed surgeries which are likely to increase the demand for general surgical devices and drive the market over the forecast period.
The factors such as rising demand for minimally invasive surgeries, growing cases of injuries and accidents, and increasing healthcare expenditures, among others are expected to drive the market growth in this region. According to the study published by GSRES in May 2021, the number of road accidents in Saudi Arabia is increasing, and in comparison to other countries, Saudi Arabia has an injury ratio of 8:1. It is apparent that road accidents were widespread in Saudi Arabia compared to the rest of the world. The increasing number of road accidents in Saudi Arabia that result in trauma would raise the use of general surgical equipment to fix and accelerate the growth of the market.
In addition, rising partnerships of medical device companies with the Saudi Arabian Governmental agencies will further lead to increased adoption of general surgical devices in this region, driving the market growth. For instance, in September 2021, MODON signed an industrial land lease contract in Jeddah's Third Industrial City to centralize the Kingdom's medical supply business. The contract aims to set up a project to localize the production of sterile surgical instruments ready for use in operations. Thus, these types of contracts help to increase surgical device supply to healthcare facilities thereby expected to have a positive impact on the market.
However, stringent government regulations and improper reimbursement for surgical devices, among others are expected to hamper the market growth.
Saudi Arabia General Surgical Devices Industry Segmentation
As per the scope of this report, general surgical devices refer to a range of devices used to perform different kinds of surgical procedures.
The Saudi Arabia General Surgical Devices Market is Segmented by Product (Handheld Devices, Laparoscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars, and Access Devices, Other Products) and Application (Gynecology and Urology, Cardiology, Orthopaedic, Neurology, Other Applications). The report offers the value (in USD million) for the above segments.
By Product | |
Handheld Devices | |
Laproscopic Devices | |
Electro Surgical Devices | |
Wound Closure Devices | |
Trocars and Access Devices | |
Other Products |
By Application | |
Gynecology and Urology | |
Cardiology | |
Orthopaedic | |
Neurology | |
Other Applications |
Saudi Arabia General Surgical Devices Market Size Summary
The general surgical devices market in Saudi Arabia is poised for growth, driven by several key factors. The market is recovering from the impacts of COVID-19, which had previously led to a decline in surgical procedures and device adoption due to lockdowns and reduced outpatient visits. As the pandemic's effects wane and vaccination rates increase, postponed surgeries are being rescheduled, boosting demand for surgical devices. The rising preference for minimally invasive surgeries, coupled with an increase in road accidents and injuries, is further propelling market expansion. Additionally, partnerships between medical device companies and Saudi governmental agencies are enhancing the supply and adoption of surgical devices, as seen in initiatives like the localization of sterile surgical instrument production.
The market is characterized by the presence of both global and local players, with significant competition driving innovation and expansion. The introduction of advanced electrosurgical devices, including robotic systems for laparoscopic interventions, is enhancing surgical precision and safety. The growing prevalence of chronic diseases, such as cardiovascular conditions and obesity, is increasing the number of surgeries, thereby boosting the demand for surgical devices. Government initiatives and increased healthcare spending are also contributing to market growth. The competitive landscape is marked by strategic partnerships and distribution agreements, such as those between Brain Navi Biotechnology and Medtreq Medical Equipment, which aim to enhance the availability of innovative surgical solutions in the region.
Saudi Arabia General Surgical 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 Cases of Injuries and Accidents with Rising Demand for Minimally Invasive Devices
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1.2.2 Increasing Healthcare Expenditures in Country
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1.3 Market Restraints
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1.3.1 Stringent Government Regulations with Reimbursement Issues for Surgical Devices
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1.4 Industry Attractiveness - Porter's Five Forces 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 (Market Size by Value - USD million)
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2.1 By Product
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2.1.1 Handheld Devices
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2.1.2 Laproscopic Devices
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2.1.3 Electro Surgical Devices
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2.1.4 Wound Closure Devices
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2.1.5 Trocars and Access Devices
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2.1.6 Other Products
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2.2 By Application
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2.2.1 Gynecology and Urology
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2.2.2 Cardiology
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2.2.3 Orthopaedic
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2.2.4 Neurology
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2.2.5 Other Applications
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Saudi Arabia General Surgical Devices Market Size FAQs
What is the current Saudi Arabia General Surgical Devices Market size?
The Saudi Arabia General Surgical Devices Market is projected to register a CAGR of 5.70% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia General Surgical Devices Market?
Conmed Corporation, Medtronic, Stryker, B. Braun SE and Johnson & Johnson Services, Inc. are the major companies operating in the Saudi Arabia General Surgical Devices Market.