Expanding healthcare sector in the country is driving the growth of Saudi Arabia Disposable Endoscopy Devices Market, in the forecast period, 2022-2026.
According to TechSci report on, “Saudi Arabia Disposable Endoscopy Devices Market By Application (Gastroenterology, Urology, ENT, Gynecology, Colonoscopy, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, Competition Forecast & Opportunities, 2026”, Saudi Arabia disposable endoscopy devices market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026. Saudi Arabia disposable endoscopy devices market owes its growth to the factors like increasing demand for the efficient diagnosis and treatment for various diseases.
Increasing instances of chronic diseases like stomach cancer, cardiovascular diseases, urinary infection, etc. is further supporting the growth of the Saudi Arabia disposable endoscopy devices market in the upcoming five years. Government and private funding are sustaining the futuristic growth of the healthcare sector in the country and thus further substantiating the growth of the Saudi Arabia disposable endoscopy devices market in the future five years.
Expanding healthcare services and the availability of the free healthcare facilities for the citizen of the Kingdom of Saudi Arabia is also supporting the growth of the Saudi Arabia disposable endoscopy devices market in the next five years. Rising geriatric population is also more susceptible to weak immune system and thus demand better patient care thus aiding the growth of the Saudi Arabi disposable endoscopy devices market in the forecast period.
Furthermore, consistent research and technological advancement to launch more effective endoscopy devices and introduce innovative ideas, the Saudi Arabia disposable endoscopy devices market is expected to register robust growth in the future five years, until 2026.
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The Saudi Arabia disposable endoscopy devices market segmentation is based on application, end user, competitional landscape, and regional distribution. Based on application segment is further fragmented into gastroenterology, urology, ENT, gynecology, colonoscopy, and others. ENT sub-segment is anticipated to hold the largest revenue shares of the market and dominate the market segment on the account of prevailing bronchial diseases, and pulmonary diseases.
Also, increasing instances of lung cancer, COPD, asthma, acute lower respiratory tract infections, tuberculosis, etc. is further sustaining the growth of the Saudi Arabia disposable endoscopy devices market in the next five years. Also, growing adoption of disposable endoscopy procedure by the specialist and extended training provided to the technicians is aiding to the growth of the Saudi Arabia disposable endoscope devices market in the future five years.
Increased alcohol consumption and smoking habits causes diseases in esophagus, stomach, small intestine, colon, and rectum, etc. The caused infection often causes ulcer formation or may lead to stomach cancer and gastric cancer.
The adult population is the Kingdom of Saudi Arabia are highly inclined toward smoking habits, and other influential factors have increased alcohol consumption among youth too. These factors are actively responsible for the increasing cases of gastroenterology, and thus influences the growth of the Saudi Arabia disposable endoscopy devices market in the forecast years.
A partial list of market players functioning in the Saudi Arabia disposable endoscopy devices market in the forecast years include,
· Karl Storz Saudi Arabia
· Ambu A/S
· Hill-Rom Company, Inc.
· Sunmed (MediServ)
· Flexicare Medical Ltd.
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“On the basis of end user, the market segments are defined as hospitals & clinics, diagnostic centers, and others. Hospitals & clinics are expected to hold the largest revenue shares of the market due to increasing number of patients suffering from various diseases. Also, the healthcare facility and patient care is explicable in the hospitals and clinics, thus substantiating the growth of the hospital & clinics. Moreover, government hospitals provide free of cost healthcare services to its citizen, and the factor is a major reason behind growth of the Saudi Arabia disposable endoscopy devices market in the upcoming five years. Diagnostic centers are also rapidly increasing in number. Private establishments of the diagnostic centers are in demand due to increased patient burden over hospitals and clinics. The patient are getting aware and undergo self-diagnosis checkups regularly so that early diagnosis of any disease budding may be caught and timely treatment can be done Financial support, insurance ailments and medical tourism are some of the factors that may further aid the growth of the Saudi Arabia disposable endoscopy device market in the future five years, if the end users focus on these parameters,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Disposable Endoscopy Devices Market By Application (Gastroenterology, Urology, ENT, Gynecology, Colonoscopy, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi Arabia disposable endoscopy devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia disposable endoscopy devices market.
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Market Highlights:A medical device is any instrument, appliance including any software, biologic or non-biologic material, to be used for the diagnostic or therapeutic use for management of diseases and disorders.
The market involves two segments one high-tech devices with extreme sophistication and another is the low tech improved devices.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/2801The high tech segment such as diagnostic imaging devices is witnessing higher rates of growth.
The low tech segment is also growing at a good rate but has witnessed growth in developing regions as the market for these in developed regions is stagnant.
The other market driving factors are rising public healthcare expenditure in Saudi Arabia, development of large hospitals such as King Faisal hospital in Riyadh, demand for noninvasive therapy etc.The market constraints are strict and ambiguous regulatory framework, growing concern for security especially data security, differential availability between developed and developing regions, connectivity issues in Saudi Arabia, the interference Sharia courts etc.Saudi Arabia Medical Devices Market:The Saudi Arabia Medical Devices market has been evaluated as a growing market and it is expected that the market will touch high growth figures in future.
The falling crude oil revenues will be a future threat to the market.The major participants of this market are: Johnson & Johnson, General Electric, Medtronic, Koninklijke Philips Electronics NV., Baxter Internationa, Fresenius Medical Care AG & Co., Cardinal Health, Al-Salehiya Medical Estableshment, Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO), Al Amin Medical Instruments Company (AMICO), Al Faisaliah Medical Systems (FMS), Siemens Ltd and others.Regional Analysis:The healthcare sector of Saudi Arabia is divided between private and state.
Local manufacturing represents a poor outlook which is limited to consumables and ordinary articles.
According to a research study by Abdulaziz K. Alhujayri et al., published in Plastic and Reconstructive Surgery Global Open Journal, June 2021, the study results found that clear differences in the engagement and perception of cosmetic procedures during the COVID-19 pandemic exist among the Saudi Arabian population.
The growing geriatric population is increasing the demand for anti-aging treatment and thus boost the overall market growth in the country.Aesthetic procedures represent one of the most commonly performed procedures in Saudi Arabia.
For instance, according to a research study by Alghonaim Y et al., published in Europe PubMed Central Journal, October 2019, in Saudi Arabia, it was found that social media platforms play a critical role in promoting aesthetic procedures.
For instance, in September 2019, Medica Group / Riyadh International Company launched the latest laser hair removal device Primelase in the Saudi Arabia market.
In addition, in March 2018, GALDERMA SA, received approval from Saudi Food and Drug Administration (SFDA) for hyaluronic acid filler Restylane which is used to add volume and fullness to the skin to correct moderate to severe facial wrinkles and folds, such as the lines from nose to the corners of mouth (nasolabial folds).
However, concerns and social stigma of these surgeries and poor reimbursement scenario have been restraining the market growth.Key Market Trends Skin Resurfacing and Tightening Segment is Expected to Register Significant Growth During the Forecast PeriodSkin tightening is a non-surgical, minimally invasive process that uses an infrared light source to tighten skin by heating the collagen under the skin surface, causing the skin to contract.
