Saudi Arabia Minimally Invasive Surgery Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.80 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Minimally Invasive Surgery Devices Market Analysis
Saudi Arabia's minimally invasive surgery devices market is believed to witness a CAGR of around 6.8% over the forecast period.
- COVID-19 significantly impacted the Saudi Arabia minimally invasive surgery devices market in the early pandemic due to the reduction and postponement of surgical procedures. For instance, according to a study published in the Asian Journal of Urology in March 2021, 75% of elective endourological surgeries declined during the pandemic. Furthermore, according to the study published in Cureus in November 2022, hospital visits decreased significantly during the COVID-19 pandemic.
- The early release practices established in COVID-19 procedures to lower the risk of infection contributed significantly to the decrease in the mean length of hospital stay during the pandemic. The postponement and cancellation of procedures led to a rise in the intensity of symptoms. This led to a surge in minimally invasive surgeries late in the pandemic to complete the lagging cases. The postponement and cancellation of procedures led to a rise in the intensity of symptoms. This has led to a surge in minimally invasive surgeries during the late pandemic to complete the lagging cases. In addition, the market is expected to grow at a significant pace post-pandemic due to increased adoption of the minimally invasive surge, which is expected to drive the market growth.
- The factors driving the market growth include the higher acceptance rate of minimally invasive surgeries over traditional surgeries and the increasing prevalence of lifestyle-related and chronic disorders.
- According to the study published in Urology Annals in July 2022, in urological practice, minimally invasive robotic technology has advanced significantly in Saudi Arabia, replacing many open procedures and integrating them into standard clinical practice. Such higher acceptance of minimally invasive surgeries (MIS) in the country is expected to drive market growth over the forecast period due to increased adoption of MIS devices.
- Furthermore, according to the Saudi Gazette, in July 2023, the rate of occurrence of cancer was 1.3% in men and 1.8% in women in 2022. Furthermore, according to the same source, the incidence of cancer increased by 1.6% in the first quarter of 2022 compared to 2021. Therefore, the rising incidence of chronic diseases such as cancer is anticipated to increase the demand for minimally invasive surgeries, driving market growth.
- Therefore, factors such as rising acceptance and adoption of surgeries, along with the rising burden of chronic disease, are expected to drive the market growth. However, a shortage of experienced professionals is believed to hinder the market growth over the forecast period.
Saudi Arabia Minimally Invasive Surgery Devices Market Trends
Endoscopic Devices are Expected to Witness Strong Growth Over the Forecast Period
- Endoscopy is a process of insertion of a long, thin tube directly into the body to observe an internal organ or cavity of the body. The huge benefits of the endoscope to carry out minimally invasive surgeries, such as minimizing the incision size, exposure of the internal body cavity, and decreased recovery time, are all anticipated to drive the segment growth.
- According to the study published in Oral Maxillofacial Surgery in August 2022 in Saudi Arabia, the minimally invasive genioplasty technique, which includes the utilization of an endoscope, is a promising approach to performing a chin osteotomy and should be used instead of the traditional genioplasty procedure. Thus, the growing trend of minimally invasive surgeries in Saudi Arabia for different surgical procedures is anticipated to boost market growth over the forecast period.
- Additionally, according to the study published in the Multidisciplinary Digital Publishing Institute (MDPI) Journal in February 2022, interventional endoscopy, surgery, and imaging technologies are used in a multidisciplinary effort to diagnose the condition, stage it, and choose the best treatment option for rectal neoplasia. There is strong evidence that adenomatous polyps can be found and removed endoscopically to prevent colorectal cancers. Thus, the evolution of various minimally invasive endoscopic procedures in Saudi Arabia expands the market growth over the forecast period.
- Furthermore, according to the study published in the MDPI Journal in February 2022, in Saudi Arabia, Minimally invasive surgeries comprising surgical approaches, including endoscopic surgery and others, have varied advantages, such as reduced postoperative pain, shorter hospital stay, faster recovery time, and reduced learning curve for surgical trainees. Such advantages of minimally invasive surgeries with endoscopes will lead to its increased adoption, driving the market growth over the forecast period.
- Moreover, in July 2023, as part of the Saudi-Japanese Vision 2030, Saudi Arabia entered a strategic partnership with Japan to make developments in the field of endoscopy and laparoscopic treatment. The initiative from the government of Saudi Arabia on endoscopy development is anticipated to propel the market growth over the forecast period due to the development of innovative endoscopy devices.
- Thus, owing to the huge benefits of endoscopes and rising government initiatives on endoscopy development, they are expected to show market growth over the forecast period.
Electrosurgical Devices is Expected to Hold a Significant Share in the Market Studied
- Radiofrequency (RF) alternating current is used in electrosurgery to raise the intracellular temperature of the tissue by inducing intracellular oscillations of ionized molecules. In operating rooms of hospitals or during outpatient treatments, electrosurgical instruments are commonly utilized to prevent blood loss. The rising benefits of electrosurgery in different surgical procedures, such as control over bleeding and rapid dissection of soft tissues in surgery, are expected to drive segment growth.
- According to the study published in Scientific Reports in January 2021 in Saudi Arabia, to study the effects of conjunctivochalasis (CCh) and its treatment with high-frequency radio wave electrosurgery (HFR-ES) on the signs and symptoms of dry eye disease. The lower tear meniscus and reservoir were successfully rebuilt using the HFR-ES for CCh modality. Hence, the diverse application of electrosurgery, including dry eye disease, is expected to drive segment growth due to the increased adoption of electrosurgical devices in HFR-ES.
- Furthermore, according to the study published in the Journal of Taibah University Medical Sciences in December 2022, electrosurgical devices have become a requirement in operating rooms, and to boost electrosurgery skills, official electrosurgery training programs should be implemented in Saudi hospitals, and surgeons should undergo regular re-examinations. Such studies help in the implementation of electrosurgical training in hospitals, thereby expected to drive the segment growth over the forecast period due to the rising adoption of electrosurgical devices. Therefore, factors such as rising applications and rising demand for electrosurgical devices are expected to drive the segment growth.
Saudi Arabia Minimally Invasive Surgery Devices Industry Overview
The market for minimally invasive surgery devices in Saudi Arabia is moderately competitive with the presence of global as well as local companies. The factors owing to the competition include the rising initiatives from the key market players, such as the launch of surgical device products, and rising partnerships and expansions. Some of the key players in the market include Abbott Laboratories, GE Healthcare, Intuitive Surgical Inc., Koninklijke Philips NV, Medtronic PLC, and Olympus Corporation, among others.
Saudi Arabia Minimally Invasive Surgery Devices Market Leaders
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Olympus Corporation
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Abbott
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GE Healthcare
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Intuitive Surgical Inc.
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Medtronic Plc
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Minimally Invasive Surgery Devices Market News
- September 2022: Brain Navi Biotechnology, a Taiwanese surgical robotic firm, signed a new distribution agreement with Medtreq Medical Equipment to expand the distribution of the Surgical Navigation Robot, NaoTrac. The partnership between firms will enable more innovative outcomes in Middle East neurosurgery, including in Saudi Arabia.
- August 2022: Northern Ireland-based healthcare company Haemoband Surgical has signed an exclusive distribution agreement initially for two years with Almarfa Medical, a leading healthcare supplier in the Kingdom of Saudi Arabia. The agreement was made for a license to sell minimally invasive surgery devices specifically for hemorrhoids.
Saudi Arabia Minimally Invasive Surgery Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Higher Acceptance Rate of Minimally Invasive Surgeries over Traditional Surgeries
4.2.2 Increasing Prevalence of Lifestyle-related and Chronic Disorders
4.3 Market Restraints
4.3.1 Shortage of Experienced Professionals
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size - Value in USD)
5.1 By Product
5.1.1 Handheld Instruments
5.1.2 Guiding Devices
5.1.3 Electrosurgical Devices
5.1.4 Endoscopic Devices
5.1.5 Laproscopic Devices
5.1.6 Monitoring and Visualization Devices
5.1.7 Ablation Devices
5.1.8 Laser-based Devices
5.1.9 Robotic-assisted Surgical Systems
5.1.10 Other Products
5.2 By Application
5.2.1 Aesthetic
5.2.2 Cardiovascular
5.2.3 Gastrointestinal
5.2.4 Gynecological
5.2.5 Orthopedic
5.2.6 Urological
5.2.7 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Abbott Laboratories
6.1.2 Medtronic Plc
6.1.3 GE Healthcare
6.1.4 Koninklijke Philips NV
6.1.5 Intuitive Surgical Inc.
6.1.6 Olympus Corporation
6.1.7 Siemens Healthineers
6.1.8 Smith & Nephew
6.1.9 Stryker Corporation
6.1.10 Zimmer Biomet Holdings Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Saudi Arabia Minimally Invasive Surgery Devices Industry Segmentation
Minimally invasive surgery devices refer to electrosurgical systems, robot-assisted surgical systems, and surgical equipment used during a minimally invasive procedure.
Saudi Arabia's minimally invasive devices market is segmented by product (handheld instruments, guiding devices, electrosurgical devices, endoscopic devices, laparoscopic devices, monitoring and visualization devices, ablation devices, laser-based devices, robotic-assisted surgical systems, and other products) and application (aesthetic, cardiovascular, gastrointestinal, gynecological, orthopedic, urological, and other applications).
The report offers the value (in USD) for the above segments.
| By Product | |
| Handheld Instruments | |
| Guiding Devices | |
| Electrosurgical Devices | |
| Endoscopic Devices | |
| Laproscopic Devices | |
| Monitoring and Visualization Devices | |
| Ablation Devices | |
| Laser-based Devices | |
| Robotic-assisted Surgical Systems | |
| Other Products |
| By Application | |
| Aesthetic | |
| Cardiovascular | |
| Gastrointestinal | |
| Gynecological | |
| Orthopedic | |
| Urological | |
| Other Applications |
Saudi Arabia Minimally Invasive Surgery Devices Market Research FAQs
What is the current Saudi Arabia Minimally Invasive Surgery Devices Market size?
The Saudi Arabia Minimally Invasive Surgery Devices Market is projected to register a CAGR of 6.80% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Minimally Invasive Surgery Devices Market?
Olympus Corporation, Abbott , GE Healthcare, Intuitive Surgical Inc. and Medtronic Plc are the major companies operating in the Saudi Arabia Minimally Invasive Surgery Devices Market.
What years does this Saudi Arabia Minimally Invasive Surgery Devices Market cover?
The report covers the Saudi Arabia Minimally Invasive Surgery Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Minimally Invasive Surgery Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Saudi Arabia Minimally Invasive Surgery Devices Industry Report
Statistics for the 2024 Saudi Arabia Minimally Invasive Surgery Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Minimally Invasive Surgery Devices analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
