Saudi Arabia Endoscopy Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
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.
Key Market TrendsEndoscopic Cameras Segment Dominates the Saudi Arabia Endoscopy Devices MarketThe Endoscopic cameras are miniature devices located at the brim of the endoscope tube, with usually, a lighting source that assists in the visualization during endoscopic procedures. Since endoscopic cameras are miniature devices intended for viewing internal organs, their sensors are of utmost importance, as the sensor type for camera determines the quality of images/visualization produced.
The current generation of endoscopic cameras are either equipped with CMOS (Complementary Metal Oxide Semiconductor) sensors or CCD (Charge-Coupled Device) sensors. Therefore with the growing incidence of chronic diseases and the need for advanced diagnostics is expected to propel the growth of Saudi Arabia endoscopy devices market.
Competitive LandscapeSaudi Arabia Endoscopy Devices market has rapidly evolved over the last few years. Owing to the rapid evolution of the market in the use of endoscopes, medical device companies that are able to launch new innovative equipment will be rewarded with huge benefits. Major players in Saudi Arabia Endoscopy Devices market are KARL STORZ, PENTAX Medical, Apollo Endosurgery, Inc, Fujifilm Holdings Corporation, Stryker, CONMED Corporation, Olympus e.t.c amongst others.
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- 1 INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
- 2 RESEARCH METHODOLOGY
- 3 EXECUTIVE SUMMARY
- 4 MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.2.1 Growing Preference for Minimally-invasive Surgeries
- 4.2.2 Technological Advancements Leading to Enhanced Applications
- 4.3 Market Restraints
- 4.3.1 Infections Caused by Endoscopes
- 4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
- 5 MARKET SEGMENTATION
- 5.1 By Type of Device
- 5.1.1 Endoscopes
- 5.1.1.1 Rigid Endoscope
- 5.1.1.2 Flexible Endoscope
- 5.1.1.3 Capsule Endoscope
- 5.1.1.4 Robot-assisted Endoscope
- 5.1.2 Endoscopic Operative Device
- 5.1.2.1 Irrigation/Suction System
- 5.1.2.2 Access Device
- 5.1.2.3 Wound Protector
- 5.1.2.4 Insufflation Device
- 5.1.2.5 Operative Manual Instrument
- 5.1.2.6 Other Endoscopic Operative Devices
- 5.1.3 Visualization Equipment
- 5.1.3.1 Endoscopic Camera
- 5.1.3.2 SD Visualization System
- 5.1.3.3 HD Visualization System
- 5.2 By Application
- 5.2.1 Gastroenterology
- 5.2.2 Orthopedic Surgery
- 5.2.3 Cardiology
- 5.2.4 ENT Surgery
- 5.2.5 Gynecology
- 5.2.6 Neurology
- 5.2.7 Urology
- 5.2.8 Others
- 6 COMPETITIVE LANDSCAPE
- 6.1 Company Profiles
- 6.1.1 Karl Storz SE & Co. KG
- 6.1.2 PENTAX Medical
- 6.1.3 Apollo Endosurgery, Inc
- 6.1.4 Diversatek, Inc.
- 6.1.5 Fujifilm Holdings Corporation
- 6.1.6 Stryker Corporation
- 6.1.7 CONMED Corporation
- 6.1.8 Olympus Corporation
- 7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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