Saudi Arabia Anesthesia Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Anesthesia Devices Market Analysis
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.
Saudi Arabia Anesthesia Devices Market Trends
This section covers the major market trends shaping the Saudi Arabia Anesthesia Devices Market according to our research experts:
Under 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.
Saudi Arabia Anesthesia Devices Industry Overview
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.
Saudi Arabia Anesthesia Devices Market Leaders
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GE Healthcare
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Mindray Medical International Limited
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Drägerwerk AG & Co. KGaA
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Koninklijke Philips N.V.
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Cardinal Health, Inc
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Anesthesia Devices Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Rise in the Number of Surgical Procedures Requiring Anesthesia
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4.2.2 Increasing Prevalence of Chronic Diseases Coupled with Growing Geriatric Population
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4.3 Market Restraints
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4.3.1 High Cost of Equipment
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4.3.2 Difficulties Associated with the Usage of Anesthesia Devices
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Anesthesia Machines
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5.1.1.1 Anesthesia Workstation
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5.1.1.2 Anesthesia Delivery Machines
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5.1.1.3 Anesthesia Ventilators
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5.1.1.4 Anesthesia Monitors
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5.2 By Disposables and Accessories
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5.2.1 Anesthesia Circuits (Breathing Circuits)
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5.2.2 Anesthesia Masks
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5.2.3 Endotracheal Tubes (ETTs)
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5.2.4 Laryngeal Mask Airways (LMAs)
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5.2.5 Other Disposables and Accessories
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 GE Healthcare
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6.1.2 Mindray Medical International Limited
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6.1.3 Dragerwerk AG & Co. KGaA
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6.1.4 Koninklijke Philips N.V.
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6.1.5 Cardinal Health, Inc
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6.1.6 Nihon Kohden Corporation
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6.1.7 Schiller AG
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6.1.8 Medtronic PLC
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6.1.9 Fukuda Denshi
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Saudi Arabia Anesthesia Devices Industry Segmentation
As per scope of the report, anesthesia devices are used to deliver anesthetic agents as well as to check a patient's response toward anesthesia during a surgical process. The requirement of these devices depends upon the type of surgery being performed, and it differs in every case. These devices help the anesthetist to deliver, control, and monitor the dose of anesthesia. The Saudi Arabia Anesthesia Devices Market is segmented by product type (Anesthesia Machines) and disposables and accessories.
| By Product Type | ||||||
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| By Disposables and Accessories | |
| Anesthesia Circuits (Breathing Circuits) | |
| Anesthesia Masks | |
| Endotracheal Tubes (ETTs) | |
| Laryngeal Mask Airways (LMAs) | |
| Other Disposables and Accessories |
Saudi Arabia Anesthesia Devices Market Research FAQs
What is the current Saudi Arabia Anesthesia Devices Market size?
The Saudi Arabia Anesthesia Devices Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Anesthesia Devices Market?
GE Healthcare, Mindray Medical International Limited, Drägerwerk AG & Co. KGaA, Koninklijke Philips N.V. and Cardinal Health, Inc are the major companies operating in the Saudi Arabia Anesthesia Devices Market.
What years does this Saudi Arabia Anesthesia Devices Market cover?
The report covers the Saudi Arabia Anesthesia Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Anesthesia Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Saudi Arabia Anesthesia Devices Industry Report
Statistics for the 2024 Saudi Arabia Anesthesia Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Anesthesia Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
