Saudi Arabia Medical Device Sterilization Market Size Set to Expand at CAGR of 9% to Cross USD 505 Million by 2029

Published | 19 April 2023

Saudi Arabia medical device sterilization market is flourishing because of rising demand for medical devices driving by an increasing focus on treating aging population, a growing number of surgical procedures being performed in the kingdom, and investments by the government in healthcare infrastructure.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia medical device sterilization market size at USD 281.75 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Saudi Arabia medical device sterilization market size to grow at a significant CAGR of 8.77% reaching a value of USD 505.26 million by 2029. Major growth drivers for Saudi Arabia medical device sterilization market include the increasing incidence of chronic illnesses and a rising number of surgical procedures. The expanding population, aging demographics, and prevalence of chronic diseases have led to a surge in demand for medical devices, which has further driven the growth of the sterilization market. This demand for medical devices is expected to continue to grow as the number of patients continues to rise. Also, the Saudi Arabian government has imposed stringent regulations and standards for medical device sterilization to ensure the safety of patients, which has also contributed to the growth of the market. Technological advancements have also played a role in the market's growth, with the emergence of more efficient and effective sterilization methods. However, limited access to sterilization facilities, particularly in remote areas is anticipated to restrain the overall market during the period in analysis.

Saudi Arabia Medical Device Sterilization Market – Overview

Sterilization refers to the process of removing or killing all forms of life, including microorganisms, such as fungi, bacteria, and spores. Various methods, such as heat, chemicals, irradiation, high pressure, and filtration, can be used to accomplish sterilization. The medical industry regards sterilization as an essential process, and the efficiency and sterility of sterilization equipment are crucial factors. Unsterile equipment can lead to serious issues, such as lethal hepatitis and HIV, which highlights the importance of effective infection control. Sterilization equipment is vital in disinfecting and reprocessing tools and devices, making it a significant component of the healthcare setting. The need for a sanitary environment and proper medication administration was highlighted by recent pandemics, such as the Ebola virus. Sterilization methods used throughout history include pitch, tar, burning sulfur, and steam. The advancement of sterilization methods has led to the development of surgical instruments that can withstand high levels of heat.

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Impact of COVID-19 on Saudi Arabia Medical Device Sterilization Market

COVID-19 had a dual impact on the Saudi Arabia medical device sterilization market. On the positive side, the pandemic spurred the demand for medical devices and, consequently, the need for sterilization services. It led to an increase in the market size, as healthcare facilities and medical device manufacturers seek to ensure the safety of their patients and employees. However, the pandemic also caused disruptions in the supply chain and production of medical devices, which affected the demand for sterilization services. Additionally, the implementation of lockdowns and social distancing measures led to a decrease in elective surgeries and non-urgent medical procedures, further impacting the demand for sterilized medical devices. Also, the pandemic led to a strain on healthcare resources and personnel, making it challenging for medical device sterilization companies to maintain their operations and meet the growing demand for their services. Nevertheless, as vaccination programs continue and the situation stabilizes, it is expected that the Saudi Arabia medical device sterilization market will recover and continue to grow in the long run.

Saudi Arabia Medical Device Sterilization Market – By End Use

Based on end use, Saudi Arabia medical device sterilization market is segmented into Pharmaceutical Companies, Hospitals, Clinics, Laboratories, Academic & Research Institutes, and Medical Device Manufacturers. The hospital segment holds the highest market share in the Saudi Arabia medical device sterilization market, as hospitals are the primary healthcare settings where medical devices are extensively used, and sterilization is an essential part of infection control in hospitals. Medical devices used in hospitals, such as surgical instruments, diagnostic equipment, and implants, must be properly sterilized before use to prevent the spread of infectious diseases and ensure patient safety. Hospitals are also the largest consumers of sterilization services and equipment as they require a high volume of sterile medical devices daily. As a result, hospitals are significant contributors to the growth of the medical device sterilization market in Saudi Arabia.

Competitive Landscape

Major players operating in Saudi Arabia medical device sterilization market include STERIS Corporation, 3M Company, Johnson & Johnson, Getinge AB, Cantel Medical Corp., Sakura Seiki, Andersen Products, Inc., Belimed AG, Sterigenics International LLC, and MMM Group. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Saudi Arabia Medical Device Sterilization Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Medical Device Sterilization Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Medical Device Sterilization Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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