Market Size of Saudi Arabia Anesthesia Devices Industry
| 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 |
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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 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 Size Summary
The Saudi Arabia Anesthesia Devices Market is poised for significant growth, driven by an increase in surgical procedures necessitating anesthesia and a rising prevalence of chronic diseases, particularly among the aging population. The demand for anesthesia devices is further bolstered by the high number of surgeries, such as weight loss procedures, which are prevalent in the country. Anesthesia monitors play a crucial role in these surgeries by recording and displaying vital patient information, including oxygen saturation, carbon dioxide levels, heart rate, and blood pressure. The integration of advanced functionalities and decision support systems in these devices is enhancing their utility, thereby supporting market expansion.
The market landscape in Saudi Arabia is characterized by a consolidated competitive environment, with a few key players holding significant market shares. Prominent companies such as GE Healthcare, Mindray Medical International Limited, Drägerwerk AG & Co. KGaA, and Koninklijke Philips N.V. are leading the market. The high prevalence of obesity and related chronic conditions in the country has led to an increased demand for bariatric surgeries, further driving the need for anesthesia devices. This trend is expected to continue, contributing to the market's growth trajectory over the forecast period.
Saudi Arabia Anesthesia Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rise in the Number of Surgical Procedures Requiring Anesthesia
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1.2.2 Increasing Prevalence of Chronic Diseases Coupled with Growing Geriatric Population
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1.3 Market Restraints
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1.3.1 High Cost of Equipment
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1.3.2 Difficulties Associated with the Usage of Anesthesia Devices
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Anesthesia Machines
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2.1.1.1 Anesthesia Workstation
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2.1.1.2 Anesthesia Delivery Machines
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2.1.1.3 Anesthesia Ventilators
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2.1.1.4 Anesthesia Monitors
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2.2 By Disposables and Accessories
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2.2.1 Anesthesia Circuits (Breathing Circuits)
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2.2.2 Anesthesia Masks
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2.2.3 Endotracheal Tubes (ETTs)
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2.2.4 Laryngeal Mask Airways (LMAs)
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2.2.5 Other Disposables and Accessories
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Saudi Arabia Anesthesia Devices Market Size 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.
