Saudi Arabia Anesthesia Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Saudi Arabia Anesthesia Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Saudi Arabia Anesthesia Devices Market is expected to register a CAGR of 5.5%, over the forecast period. The major factors driving the growth of the market include rise in the number of surgical procedures requiring anesthesia and increasing prevalence of chronic diseases coupled with growing geriatric population.

According to an article published in 2018, it has been found that in Saudi Arabia alone, over 20,000 weight loss surgeries take place every year, with over 24 surgeries happening every week in the King Khalid University Hospital in Riyadh alone. The high number of surgeries performed will have a strong impact on the anesthesia devices market, as anesthetic devices are used in surgical procedures to reduce the pain. Thus, increasing burden of chronic conditions is expected to rise surgical procedures which ultimately drives market growth over the forecast period.

Key Market TrendsUnder Anesthesia Machines segment Anesthesia Monitors is Expected to Hold a Significant Market Share Over the Forecast Period

Anesthesia monitors are used to record and display the delivery of anesthetic substances, like gases, drugs, and fluids to the patient. During surgeries, these are used to check the patients’ health and reaction to the indication of anesthesia. The integration of various functionalities, such as oxygen saturation level, carbon dioxide level, heart rate, and blood pressure, coupled with decision support systems and data analysis to aid clinicians to get better insights on their patients, is favoring the market growth.

According to a research article by Sultan Ali Alwajeeh et al., published in Saudi Journal of Laparoscopy 2020, Saudi Arabia, is one of the country that has been influenced tremendously by obesity. Obesity and obesity-related chronic illnesses are one of the leading causes of deaths in Saudi Arabia. The number of bariatric surgeries performed per 100,000 population is 71 in 2018. Such a high prevalence would create high demand for obesity treatment which ultimately increases demand for anesthetic devices and drives market growth. Thus, owing to above mentioned factors it is expected to drive market growth over the forecast period.

Competitive Landscape

The Saudi Arabia Anesthesia Devices Market market is consolidated competitive. In terms of market share, few of the major players currently dominate the market. Some of the major players of the market are GE Healthcare, Mindray Medical International Limited, Dragerwerk AG & Co. KGaA, Koninklijke Philips N.V., Cardinal Health, Inc, Nihon Kohden Corporation and among others.

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Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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