Market Size of Saudi Arabia Minimally Invasive Surgery Devices Industry
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 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 Size Summary
The minimally invasive surgery devices market in Saudi Arabia is poised for significant growth, driven by the increasing acceptance of these procedures over traditional surgeries and the rising prevalence of chronic diseases. The market experienced a temporary setback during the COVID-19 pandemic due to the postponement of elective surgeries, but this led to a surge in demand for minimally invasive procedures as delayed cases accumulated. The integration of advanced robotic technologies in urological practices and the growing incidence of conditions such as cancer are further propelling the market forward. Despite challenges like a shortage of experienced professionals, the market is expected to expand steadily, supported by the benefits of reduced recovery times and improved patient outcomes associated with minimally invasive techniques.
Endoscopy and electrosurgery are key segments contributing to the market's growth, with advancements in these areas enhancing surgical precision and patient recovery. Government initiatives, such as the Saudi-Japanese Vision 2030 partnership, aim to boost endoscopy development, further driving market expansion. The competitive landscape is characterized by the presence of both global and local companies, with strategic partnerships and product launches enhancing market dynamics. Companies like Abbott Laboratories, GE Healthcare, and Intuitive Surgical Inc. are actively involved in expanding their presence in the region, indicating a robust and evolving market environment for minimally invasive surgery devices in Saudi Arabia.
Saudi Arabia Minimally Invasive Surgery 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 Higher Acceptance Rate of Minimally Invasive Surgeries over Traditional Surgeries
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1.2.2 Increasing Prevalence of Lifestyle-related and Chronic Disorders
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1.3 Market Restraints
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1.3.1 Shortage of Experienced Professionals
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1.4 Porter's Five Forces 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 (Market Size - Value in USD)
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2.1 By Product
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2.1.1 Handheld Instruments
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2.1.2 Guiding Devices
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2.1.3 Electrosurgical Devices
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2.1.4 Endoscopic Devices
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2.1.5 Laproscopic Devices
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2.1.6 Monitoring and Visualization Devices
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2.1.7 Ablation Devices
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2.1.8 Laser-based Devices
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2.1.9 Robotic-assisted Surgical Systems
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2.1.10 Other Products
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2.2 By Application
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2.2.1 Aesthetic
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2.2.2 Cardiovascular
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2.2.3 Gastrointestinal
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2.2.4 Gynecological
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2.2.5 Orthopedic
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2.2.6 Urological
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2.2.7 Other Applications
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Saudi Arabia Minimally Invasive Surgery Devices Market Size 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.