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

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

The Saudi Arabia Hospital Supplies Market is expected to grow at the registered CAGR of 7% during the forecast period, 2022-2027.

COVID-19 has a significant impact on the Saudi Arabian hospital supplies market because it has increased demand for hospital supplies products across the country in order to prevent COVID-19, resulting in a rapid rise in hospital supplies products. During the COVID-19 outbreak in 2020, demand surged, as caregivers scrambled to find disposable and reusable protective suits as infection cases rose. For Instance, as per the article published in the Jama Network in March 2020, by Edward Livingston, MD, approximately 70% of direct purchasing or procurement of drugs in shortage with medical equipment recorded a short supply of 33%. As a result, during the COVID-19 market, the growing scarcity of hospital supplies had a significant impact on the market studied.

The major factors for the growth of the Saudi Arabia hospital supplies market include the increasing incidences of communal diseases, growing awareness about hospital-acquired infections, and the rise in aging population.

The significant increase in the aging population every year has a direct impact on the rising number of the geriatric population being hospitalized due to chronic diseases. According to the article published in the BMC Geriatric in March 2021, titles as "Prevalence of frailty and associated factors among Saudi community-dwelling older adults: a cross-sectional study" Saudi older population will increase from 5.6% in 2017 to 22.9% by 2050. Thus, rising in geriatric population, which is more prone to chronic diseases, such as cancer, cardiovascular illnesses, and other disorders, is expected to serve as the primary driver in this market, thereby increasing the demand for hospital supplies.

Furthermore, rising in the communal diseases expected to grow the market over the forecast period. The communicable disease include HIV, hepatitis A, B and C, measles, salmonella, measles, and blood-borne illnesses. According to the article published in the MDPI Journal in January 2022, by Barry M. in 2019, there were 8148 cases of all diagnosed HIV infections among Saudi nationals, with 533 new cases diagnosed. Thus, rising in the communal diseases patients in country increased the hospital admission thereby boost the market studied.

However, increasing awareness about the hospital-acquired infections (HAI) in the healthcare worker is boost the market. According to the study published in the Antimicrobial Resistanace and Infection Control in July 2020, titled "Healthcare workers’ perspectives on healthcare-associated infections and infection control practices: a video-reflexive ethnography study in the Asir region of Saudi Arabia" study found that healthcare workers had excellent knowledge of hospital-acquired infections. The participants from the intensive care units, on the other hand, scored higher in terms of HAI knowledge and infection control practise.

In addition, there is a growing demand for outpatient surgical centers, imaging centers, and physician offices. Thus, aging plays a significant role in the high number of hospital visits. Thus, the demand for hospital supplies is expected to increase over the forecast period.

The public demand for operating rooms and emergency rooms, where critically ill patients are treated, is witnessing a steady rise. The survival rate of critically ill patients in the emergency department is directly related to the advancement of early recognition and treatment of diseases, and continuous observation by the nurse staff members, doctors, and physicians. Some of the durables in the operating room include utility columns, surgical and exam lights, stretchers and their accessories, cushions, mattresses, sterilizing and cleaning equipment, and surgical tables and their accessories.

In Saudi Arabia, an increase in road traffic accidents, despite advancements in safety technology, is among the primary reasons for the rising demand for operating rooms or emergency rooms, along with the necessary equipment. According to the Ministry of Health Saudi Arabia Report in May 2021, the number of accident injuries recorded in 2020 was 25,561 and the total accidental death was 4,618. Thus significant numbers of traffic accident injuries recorded in the country and expected to rise over the forecast period boost the segment growth. There are a significant number of cases of hemiplegia, paraplegia, and quadriplegia, due to road accidents in the country. In this segment, the country is equipped with hospitals supplies from several major companies, such as Arabian Health Care Supply Company (AHCSC), Emitac Healthcare Solutions, and Cardinal Health, among others.

It is expected that better government involvement through funding, initiatives, and collaboration with multinational companies may provide consistent growth in the operating room equipment segment. According to a new Gulf Cooperation Council (GCC) report, published in April 2021, Saudi Arabia has announced plans to invest USD66 billion in healthcare infrastructure by 2030, with a goal of increasing private sector participation.

Thus all aforementioned factors such as incresing in the road accidents and government funding to build the healthcare infrastructure boost the segment growth.

The Saudi Arabian hospital supplies market is a fragmented market, owing to the direct presence of a few major players. Furthermore, some of the market players are acquiring a significant market share by focusing more on the distribution channel of the products. Some of the market players are 3M Company, B. Braun Melsungen AG, Baxter International, Becton Dickinson and Company, GE Healthcare, Johnson & Johnson, Medtronic, Smith & Nephew, and Stryker Corporation.

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