The Saudi Arabia general surgical devices market size is expected to expand at a high CAGR of more than 8% during the forecast period, 2021–2028. Growth of the market is attributed to the development of advanced devices, rising healthcare expenditure, increasing government initiatives, and growing cases of injuries and accidents.
Surgical instruments are devices and tools that carry out operations such as grasping, retracting, dissecting, access to internal organs, holding, cutting, suturing, and modifying biological tissue. Many surgical instruments are manufactured from stainless steel. The Covid-19 pandemic affected the demand and supply of Saudi Arabia general surgical devices market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing outpatient surgeries is projected to boost the market in the coming years.
- Rise in minimally invasive surgical procedures is major factor fueling the market during the forecast period.
- High cost of general surgical devices is anticipated to hamper the market growth.
- Lack of skilled technicians to operate surgical devices is projected to hamper the market growth in the coming years.
- R&D investment and technological advancement in general surgical devices is projected to create lucrative opportunities for the market players.
Scope of the Report
The report on the Saudi Arabia general surgical devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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General Surgical Devices Market - Saudi Arabia Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Products (Laparoscopic Devices, Handheld Devices, Electro Surgical Devices, Wound Closure Devices, Trocars and Access Devices, and Others), and Applications (General Surgery, Gynecology and Urology, Orthopedic, Cardiology, Neurology, and Others)
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Regional Scope
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Saudi Arabia
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Johnson & Johnson (Ethicon), Medtronic PLC., B. Braun Melsungen AG, Conmed Corporation, and Boston Scientific Corporation
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Market Segment Insights
The handheld devices segment is projected to represent a major market share
Based on products, the general surgical devices market is fragmented into laparoscopic devices, handheld devices, electro surgical devices, wound closure devices, trocars and access devices, and others. The handheld devices segment accounts for a key share of the market. Growth of the market is attributed to the increasing adoption of general surgical devices for diagnosis and treatment, rising prevalence of cardiac disease, unhealthy lifestyles, rise in elderly population, and increasing number of treatments. However, the electro surgical devices segment is anticipated to expand at a rapid pace during the forecast period due to increasing patient pool, rising geriatric population, and increase in preference for minor invasive surgeries.
The orthopedic surgery segment is anticipated to expand at a robust CAGR during the forecast period
Based on applications, the general surgical devices market is segregated into general surgery, gynecology and urology, orthopedic, cardiology, neurology, and others. The orthopedic surgery segment is anticipated to hold the major market share during the forecast period. Growth of the market is attributed to rising population, increasing disposable income, and growing awareness among population. However, the gynecology segment is anticipated to expand at a rapid pace during the forecast period due to factors such as international companies attracting many investors, technological innovations in surgical devices, and increasing adaptation of stem cell technologies.
Segments
Segments Covered in the Report
The Saudi Arabia general surgical devices market has been segmented on the basis of
Products
- Laparoscopic Devices
- Handheld Devices
- Electro Surgical Devices
- Wound Closure Devices
- Trocars and Access Devices
- Others
Applications
- General Surgery
- Gynecology and Urology
- Orthopedic
- Cardiology
- Neurology
- Others
Key Players
- Johnson & Johnson (Ethicon)
- Medtronic PLC.
- B. Braun Melsungen AG
- Conmed Corporation
- Boston Scientific Corporation
Competitive Landscape
Key players competing in the general surgical devices market include Johnson & Johnson (Ethicon), Medtronic PLC., B. Braun Melsungen AG, Conmed Corporation, and Boston Scientific Corporation
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and raise their production line of the business in the coming years.
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