Saudi Arabia Therapeutic Device Market Overview, 2028

Saudi Arabia Therapeutic Device Market Overview, 2028

Saudi Arabia has a robust and stable economy, primarily driven by its oil resources. The country has been investing significantly in diversifying its economy, including the healthcare sector. Economic stability fosters a conducive environment for healthcare investments and the adoption of therapeutic devices. The Saudi Arabian government has been actively working on enhancing its healthcare infrastructure and services. Vision 2030, the country's ambitious plan for economic and social transformation, includes specific goals for improving healthcare quality and accessibility. Government initiatives can drive the demand for therapeutic devices. Saudi Arabia has a large and growing population with increasing healthcare needs. A growing population often correlates with a higher demand for healthcare services and therapeutic devices, including those used in the diagnosis and treatment of various medical conditions. Like many developed nations, Saudi Arabia is witnessing a rise in lifestyle-related diseases, including diabetes, cardiovascular diseases, and obesity. The high prevalence of chronic diseases creates a sustained demand for therapeutic devices that aid in the management and treatment of these conditions. Saudi Arabia is emerging as a medical tourism destination in the region. The availability of advanced medical facilities and services attracts patients from neighboring countries, contributing to the demand for state-of-the-art therapeutic devices. The Saudi Arabian government and healthcare institutions often collaborate with international partners and invest in joint ventures. These collaborations can facilitate the transfer of technology and knowledge, contributing to advancements in the therapeutic device market. Saudi Arabia has been investing in education and training programs for its workforce, including healthcare professionals. A skilled and educated healthcare workforce is crucial for the effective adoption and utilization of therapeutic devices. There is an increasing awareness of healthcare and wellness among the Saudi Arabian population. As individuals become more conscious of their health, the demand for preventive and therapeutic devices is likely to increase.

According to the research report ""Saudi Arabia Therapeutic Device Market Overview, 2028,"" published by Bonafide Research, the Saudi Arabia Therapeutic Device market was valued more than USD 985 Billion in 2022. The adoption of telehealth services and remote patient monitoring has been on the rise. This trend has been accelerated by the COVID-19 pandemic, and therapeutic devices supporting virtual consultations and remote monitoring have seen increased demand. Given the high prevalence of diabetes in Saudi Arabia, there's a growing focus on therapeutic devices related to diabetes management. Continuous glucose monitoring (CGM) systems, insulin pumps, and other technologies for diabetes care are gaining importance. Cardiovascular diseases are a significant health concern in Saudi Arabia. The demand for therapeutic devices related to cardiovascular monitoring, such as ECG devices, Holter monitors, and blood pressure monitors, remains high. The adoption of advanced imaging technologies, including MRI, CT scans, and ultrasound, is increasing. These technologies play a crucial role in diagnosis and treatment planning, contributing to the growth of the therapeutic device market. The use of surgical robotics and minimally invasive technologies is on the rise. These advancements contribute to improved surgical precision, shorter recovery times, and reduced hospital stays. Integrated digital health platforms and health information exchange systems are being implemented. These platforms facilitate seamless communication and data sharing among healthcare providers and can enhance the overall healthcare ecosystem. Wearable health devices, including smartwatches and fitness trackers, are increasingly popular. These devices offer features such as activity tracking, heart rate monitoring, and sleep analysis, contributing to preventive healthcare. There's an increasing awareness of sustainability in healthcare. Manufacturers are exploring eco-friendly materials and sustainable practices in the design and production of therapeutic devices.

The growth of the Dialysis Equipments segment in the Saudi Arabian therapeutic device market could be influenced by several factors. Chronic kidney disease is a significant health concern globally, including in Saudi Arabia. The prevalence of CKD has been on the rise due to factors such as diabetes, hypertension, and lifestyle-related issues. Dialysis is a vital therapeutic intervention for individuals with advanced CKD, contributing to the demand for dialysis equipment. Diabetes and hypertension are leading causes of chronic kidney disease. The rising incidence of diabetes and hypertension in Saudi Arabia contributes to the higher prevalence of CKD, necessitating the use of dialysis equipment for renal replacement therapy. Advances in medical technology have led to the development of more efficient and sophisticated dialysis equipment. Modern dialysis machines offer improved performance, increased automation, and enhanced safety features, making them more attractive for healthcare providers and patients. The aging population in Saudi Arabia is more susceptible to chronic diseases, including kidney-related conditions. The demographic shift towards an older population contributes to the overall demand for renal care services and dialysis equipment.

Saudi Arabia has a centralized healthcare system, with a significant portion of healthcare services being provided through hospitals and clinics. These institutions serve as primary points of care for a wide range of medical conditions, including the diagnosis and treatment of various diseases that require therapeutic devices. The country has specialized medical centers and hospitals that focus on specific medical specialties, such as cardiology, oncology, and orthopedics. These specialized centers often require a diverse array of therapeutic devices to support diagnosis and treatment within their respective domains. Hospitals, especially larger medical centers, attract a high volume of patients seeking a variety of medical services. This high patient footfall contributes to a greater demand for therapeutic devices across different medical specialties and treatment areas. Furthermore based on end user, there has been an increasing awareness of movement disorders, including conditions like Parkinson's disease, in Saudi Arabia. Improved awareness often leads to more individuals seeking medical attention, resulting in early diagnosis and intervention. The aging population in Saudi Arabia, as in many other countries, is more prone to movement disorders such as Parkinson's disease. The demographic shift towards an older population contributes to the higher prevalence of movement disorders, driving the demand for therapeutic devices. The incidence of neurological disorders, including movement disorders, may be on the rise. Factors such as lifestyle changes, environmental factors, and genetic predispositions contribute to the increased occurrence of these conditions. Technological advancements in therapeutic devices, particularly neurostimulation devices used for movement disorders, may contribute to the growth of this segment. These devices, including deep brain stimulation (DBS) systems, are becoming more sophisticated, offering targeted and effective treatments.

Considered in this report:
• Geography: Saudi Arabia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Saudi Arabia Therapeutic Device market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product
• Insulin Delivery Devices
• Dialysis Equipments
• Ventilators
• IV Equipments
• Sleep Apnea Therapeutic Device
• Wound Care Management
• Respiratory Care
• Others

By End User
• Hospitals and Clinics
• Home care Settings
• Ambulatory Care Centers (ACCs)
• Other End User

By Indication
• Wound Care
• Diabetes
• Respiratory Diseases
• Cardiovascular Disorders & Hypertension
• Cancer
• Pregnancy
• Hearing Disorders
• Movement Disorders
• Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Therapeutic Device industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.