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The Saudi Arabia medical devices market size was valued at USD 6.07 billion in 2024. The market is projected to grow from USD 6.38 billion in 2025 to USD 9.03 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period.
Medical devices are the medical equipment used for the diagnosis and treatment of chronic conditions. The growing burden of chronic diseases such as cancer, neurological disorders, diabetes, etc., has been fueling the demand for medical diagnosis and treatment devices.
Key players such as Medtronic, Johnson & Johnson, and Stryker have been focusing on partnerships and new product launches with an aim to fuel their revenue growth.
Growing Burden of Chronic Diseases and Accidents has been Fueling the Market Growth
High burden of chronic diseases such as Alzheimer’s, diabetes, cardiac disorders, etc., has been fueling the demand for medical equipment for treatment and diagnosis.
Moreover, the high burden of accidental injuries has also been fueling the demand for surgical devices for the treatment.
Therefore, the growing demand for medical equipment due to the high burden of chronic diseases and road accidents has been fueling the market growth.
Limited Availability of Skilled Healthcare Professionals Limits the Market Growth
The high burden of chronic conditions has been fueling the demand for advanced devices in the country. However, certain medical devices that have complex operations require skilled professionals for their operation.
The shortage of skilled professionals limits the adoption of these complex devices. For instance, as per the data published by the Saudi Arabian General Investment Authority (SAGIA) in 2023, the country has a deficit of around 15,000 doctors and 20,000 nurses in Saudi Arabia.
Moreover, the poor healthcare infrastructure in rural areas also limits the adoption of advanced devices in these facilities.
Therefore, the limited penetration of advanced devices in the country due to the shortage of skilled workforce and poor healthcare infrastructure has been restricting the market growth.
Increasing Focus of the Market Players on Conducting Clinical Trials is Expected to Create Opportunities for Market Growth
Market players have been focusing on conducting clinical trials in the country with an aim to enhance their product portfolio.
The increasing focus of the market players in conducting clinical trials in the country on novel medical equipment has been fueling the market growth.
Complex Regulatory Scenarios and High Development Costs Limit the Market Growth
The medical imaging equipment is facing significant challenges due to stringent and complex regulations imposed by regional and international authorities. Obtaining product approvals from bodies such as the U.S. Food and Drug Administration (FDA), European Medicines Agency (EMA), or equivalent local regulators involves lengthy evaluation processes, high compliance costs, and rigorous safety and efficacy requirements.
These challenges are delaying the entry of innovative products into the market as well as increasing the financial burden on manufacturers. Furthermore, the high cost of developing advanced imaging equipment, driven by expensive raw materials, R&D investments, and integration of AI-based technologies, is posing difficulties for smaller companies to compete with larger, established players. This is expected to limit the product availability and ultimately challenge the Saudi Arabia medical devices market growth.
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Market Players Have Increased their Emphasis on New Product Launches
Market players have been focusing on the commercialization of advanced products in the country to strengthen their brand presence.
Furthermore, market players have also been focusing on enhancing the features of their available products to increase their products’ efficiency.
In-Vitro Diagnostics Segment Dominated The Market Due To Early Detection And Monitoring Of Medical Conditions
By type, the market is classified into orthopedic devices, wound management, cardiovascular devices, diagnostic imaging, in-vitro diagnostics, minimally invasive surgery (MIS), diabetes care, nephrology, ophthalmic, dental, nephrology, general surgery, and others.
The in-vitro diagnostics segment accounted for the largest market share in 2024. Saudi Arabia is increasingly investing in high-throughput platforms, molecular diagnostics, point-of-care (POC) testing, and screening programs due to rising demand for early detection and monitoring of certain medical conditions, including cancer, and others. This is expected to favor the utilization of IVD products, such as biochemical assays, hematology, and immunoassays, thereby contributing to the segment’s growth.
The others segment held the second highest due to the growing prevalence of neurological disorders in the country, which has been fueling the demand for effective diagnosis and treatment options.
Moreover, the dental segment is expected to grow at the fastest CAGR during the forecast period. The segment’s growth is attributed to the growing burden of dental malocclusion in the country and increasing awareness regarding effective treatment options.
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Increasing Patients’ Preference Towards Hospital & ASCs Visits for Diagnosis and Treatment of Diseases is Responsible Segment’s Dominance
By end user, the market is segmented into hospitals & ASCs, clinics, and others.
The hospitals & ASCs segment dominated the market in 2024 due to the increasing prevalence of chronic disorders, accidental injuries, etc. Moreover, increasing preference of patients to visit hospitals for the treatment and diagnosis of diseases is responsible for the segment’s growth in the country.
The clinics segment is anticipated to grow at the highest CAGR during the forecast period due to the increasing number of healthcare professionals opening their private specialty clinics in the country.
Market Players Emphasis Creating Awareness Regarding their Products
Market players such as Johnson & Johnson, GE Healthcare, Medtronic, and Stryker are among the key players accounting for a significant portion of the Saudi Arabia medical devices market share. The increasing focus of these market players on creating awareness regarding their products is responsible for their strong presence.
Other players, such as Koninklijke Philips N.V., Abbott, Siemens Healthineers AG, BD, and Cardinal Health, are focusing on new product launches with an aim to strengthen their product portfolio.
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ATTRIBUTE |
DETAILS |
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Study Period |
2019-2032 |
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Base Year |
2024 |
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Estimated Year |
2025 |
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Forecast Period |
2025-2032 |
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Historical Period |
2019-2023 |
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Growth Rate |
CAGR of 5.1% from 2025-2032 |
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Unit |
Value (USD Billion) |
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Segmentation |
By Type · Orthopedic Devices · Cardiovascular Devices · Diagnostic Imaging · In-vitro Diagnostics (IVD) · Minimally Invasive Surgery (MIS) · Wound Management · Diabetes Care Devices · Ophthalmic Devices · Dental Devices · Nephrology Devices · General Surgery · Others |
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By End-user · Hospitals & ASCs · Clinics · Others |
Fortune Business Insights says that the market stood at USD 6.07 billion in 2024 and is projected to reach USD 9.03 billion by 2032.
The market is expected to exhibit a CAGR of 5.1% during the forecast period.
By type, the in-vitro diagnostics segment led the market.
The growing burden of chronic diseases and accidental injuries has been fueling the demand for advanced medical equipment, thereby fueling the market growth.
GE Healthcare, Johnson & Johnson, Medtronic, and Stryker are the top players in the market.
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