Saudi Arabia Medical Disposables Market
Saudi Arabia Medical Disposables Market - By Product (Wound Management, Drug Delivery); By Raw Material (Plastic Resin, Nonwoven Material); By End User (Hospitals, Home Healthcare, Outpatient/Primary Care Facilities), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: April 2023
- Report ID: BWC23335
- Available Format: PDF
- Page: 200
Report Overview
Growing and aging population and increasing incidence of chronic diseases in Saudi Arabia and rising healthcare spending by the Saudi Arabian government are projected to propel the expansion of Saudi Arabia medical disposables market during the forecast period between 2023 and 2029.
Saudi Arabia Medical Disposables Market - Industry Trends & Forecast Report, 2029
Saudi Arabia medical disposables market size was estimated at USD 3.12 billion in 2022. During the forecast period between 2023 and 2029, the size of Saudi Arabia medical disposables market is projected to grow at CAGR of 17.5% reaching a value of USD 9.59 billion by 2029. Major growth drivers for Saudi Arabia medical disposables market include increasing hospital acquired infections (HAIs), growing number of surgical procedures being performed, a higher prevalence of chronic diseases, and the impact of the COVID-19 pandemic. The market for medical disposables in Saudi Arabia is being driven primarily by the increasing prevalence of chronic diseases such as diabetes and cardiovascular diseases. According to a report by the International Diabetes Federation, the prevalence of diabetes in Saudi Arabia is 18.3%, with 7 million people being diabetic and 3 million having pre-diabetes. This high prevalence of diabetes results in diabetic foot ulcers, leading to extended hospital stays and driving the market for medical disposables. Within the medical disposables market, supplies and devices designed for managing chronic diseases are expected to see high revenue growth. This includes items such as dialysis, urinary drainage, ostomy, and respiratory disorder supplies, as well as first aid kits and medical waste disposal supplies. As self-treatment becomes more popular, the demand for high value-added products with superior infection prevention protections is expected to grow. Also, advances in the quality of medical disposables are likely to improve the safety and outcome of various patient procedures in Saudi Arabia. Hence, such factors are expected to boost the expansion of Saudi Arabia medical disposables market.
Saudi Arabia Medical Disposables Market – Overview
Medical disposables are items used in healthcare settings that are designed for one-time use and are then discarded. These items include gloves, syringes, needles, catheters, gowns, masks, and other supplies that play a critical role in preventing the spread of infection and ensuring the safety of both patients and healthcare professionals. Medical disposables are used in hospitals, clinics, doctor's offices, and other healthcare facilities, as well as in other industries where cleanliness and safety are essential, such as food service and manufacturing. Proper disposal of medical disposables is crucial for protecting the environment and preventing the spread of infection. Healthcare professionals are trained to follow specific guidelines to ensure the proper handling and disposal of medical disposables. Medical disposables have become an integral part of modern medicine, and their use is expected to continue to grow in the coming years.
Saudi Arabia Medical Disposables Market
Growth Drivers
Increasing Demand for Medical Devices Due to Growing & Aging Population
The Saudi Arabia medical disposables market is projected to experience growth in response to the country's increasing population and the rising prevalence of chronic diseases. With a growing number of people requiring medical treatment and care, there is an increased demand for single-use medical products, such as gloves, masks, and other medical consumables, that can help prevent the spread of infections and ensure the safety of healthcare professionals and patients. Chronic diseases, such as cardiovascular diseases, diabetes, and respiratory disorders, are on the rise in Saudi Arabia, which is expected to drive the demand for medical disposables. The healthcare industry is expanding, and the Saudi Arabian government is investing in healthcare infrastructure and services to improve healthcare outcomes for its citizens. All of these factors are likely to contribute to the growth of the Saudi Arabia medical disposables market in the coming years.
Restraints
High Cost of Medical Disposables May Limit Their Adoption
One of the key factors that may limit the growth of the Saudi Arabia medical disposables market is the high cost of medical disposables. while these products are critical for maintaining hygiene and preventing the spread of infections, their high cost can create a financial burden for healthcare providers and patients. In addition, the lack of awareness and education about the proper use and disposal of medical disposables among healthcare professionals and patients may also limit their adoption. Improper handling and disposal of these products can contribute to environmental pollution and increase the risk of infection transmission. Also, the presence of counterfeit or low-quality medical disposables in the market can also pose a threat to patient safety and limit the adoption of authentic, high-quality medical disposables.
Impact of COVID-19 on Saudi Arabia Medical Disposables Market
COVID-19 had both positive and negative effects on the medical disposables market in Saudi Arabia. The demand for medical disposables has surged due to the need for PPE and other medical supplies to prevent the spread of the virus. The Saudi government has taken steps to increase local production to meet the growing demand. However, the global supply chain disruption has caused a shortage of raw materials and components, leading to increased prices. Additionally, travel restrictions have affected the import and export of medical disposables, further contributing to the shortage and price increase.
Saudi Arabia Medical Disposables Market
Segmental Coverage
Saudi Arabia Medical Disposables Market – By Product
By product, Saudi Arabia medical disposables market is bifurcated into Wound Management and Drug Delivery segments.
Saudi Arabia Medical Disposables Market – By Raw Material
Based on technology, Saudi Arabia medical disposables market is split into Plastic Resin and Nonwoven Material segments. The plastic resin segment holds a higher market share in the medical disposables market, and it is expected to grow considerably in the future. Plastics are used for disposable medical devices as they are clear, cost-effective, and biocompatible. They are resistant to corrosion and shattering, making them ideal for medical devices. Plastic devices can be sterilized and recycled, making them an environmentally friendly solution for medical uses. Companies in Saudi Arabia are developing new products and materials to enhance their competitiveness. The nonwoven material segment is expected to have the fastest growth rate as it is cheap, light, easy to recycle, and offers better protection against hospital-acquired illnesses and surgical-site infections. The COVID-19 outbreak has led to a surge in demand for nonwoven face masks, which has increased the demand for nonwoven textiles.
Saudi Arabia Medical Disposables Market – By End User
Based on end user, Saudi Arabia medical disposables market is divided into Hospitals, Home Healthcare, and Outpatient/Primary Care Facilities segments. In 2022, the hospitals segment dominated the medical disposables market in Saudi Arabia, holding the highest revenue share and are expected to experience significant growth during the forecast period. Medical disposables are essential in hospitals as they save time and reduce healthcare-related expenses. The increase in patient admissions for surgeries and COVID-19 treatments has driven this segment's growth. Saudi Arabia has a total of 494 hospitals providing 75,225 beds, with a projected need for an additional 5,000 beds by the end of 2023 and 20,000 beds by 2035. The home healthcare segment is also expected to see rapid growth as disposable medical products like needles, syringes, and gloves are used in the home healthcare sector. Government initiatives to reduce hospital readmission costs and travel are likely to drive segment growth. Additionally, the surge in the geriatric population will drive demand for home healthcare services.
Competitive Landscape
Major players operating in Saudi Arabia medical disposables market include SABIC, Medical Disposable Manufacturing Company (MDM), ACTEST Ltd., Al Shidani Middle East L.L.C, Smith & Nephew PLC, Bayer AG, Becton Dickson and Company, 3M, Johnson & Johnson, Abbott, and Medtronic. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Billion |
Market Coverage |
Saudi Arabia |
Product/ Service Segmentation |
Product, Raw Material, End User |
Key Players |
SABIC, Medical Disposable Manufacturing Company (MDM), ACTEST Ltd., Al Shidani Middle East L.L.C, Smith & Nephew PLC, Bayer AG, Becton Dickson and Company, 3M, Johnson & Johnson, Abbott, Medtronic |
By Product
-
Wound Management
-
Drug Delivery
By Raw Material
-
Plastic Resin
-
Nonwoven Material
By End User
-
Hospitals
-
Home Healthcare
-
Outpatient/Primary Care Facilities
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Saudi Arabia Medical Disposables Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- The growing population and increasing incidence of chronic diseases in Saudi Arabia
- The rise in healthcare spending by the Saudi Arabian government
- Restraints
- High cost of medical disposables may limit their adoption
- Opportunities
- Innovations and Product Developments by The Market Players
- Challenges
- The challenge of meeting regulatory requirements and complying with different standards and requirements
- Growth Drivers
- Technology Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Saudi Arabia Medical Disposables Market Overview
- Market Size & Forecast, 2019–2029
- By Value (USD Billion)
- Market Share and Forecast
- By Product
- Wound Management
- Drug Delivery
- Others
- By Raw Material
- Plastic Resin
- Nonwoven Material
- Others
- By End User
- Hospitals
- Home Healthcare
- Outpatient/Primary Care Facilities
- Others
- Market Size & Forecast, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- Saudi Arabia Medical Disposables Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on Saudi Arabia Medical Disposables Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- SABIC
- Medical Disposable Manufacturing Company (MDM)
- ACTEST Ltd.
- Al Shidani Middle East L.L.C
- Smith & Nephew PLC
- Bayer AG
- Becton Dickson and Company
- 3M
- Johnson & Johnson
- Abbott
- Medtronic
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information of case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Saudi Arabia Medical Disposables Segmentation
Figure 2 Saudi Arabia Medical Disposables Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Saudi Arabia Medical Disposables Market Size, By Value (USD Billion), 2019–2029
Figure 5 Saudi Arabia Medical Disposables Market Share, By Product, By Value, 2019–2029
Figure 6 Saudi Arabia Medical Disposables Market Share, By Raw Material, By Value, 2019–2029
Figure 7 Saudi Arabia Medical Disposables Market Share, By End User, By Value, 2019–2029
List of Tables
Table 1 Saudi Arabia Medical Disposables Market Size, By Value (USD Billion), 2019–2029
Table 2 Saudi Arabia Medical Disposables Market Size, By Product, By Value, 2019–2029
Table 3 Saudi Arabia Medical Disposables Market Size, By Raw Material, By Value, 2019–2029
Table 4 Saudi Arabia Medical Disposables Market Size, By End User, By Value, 2019–2029
Table 5 SABIC Company Overview
Table 6 SABIC Financial Overview
Table 7 Medical Disposable Manufacturing Company (MDM) Company Overview
Table 8 Medical Disposable Manufacturing Company (MDM) Financial Overview
Table 9 ACTEST Ltd. Company Overview
Table 10 ACTEST Ltd. Financial Overview
Table 11 Al Shidani Middle East L.L.C Company Overview
Table 12 Al Shidani Middle East L.L.C Financial Overview
Table 13 Smith & Nephew PLC Company Overview
Table 14 Smith & Nephew PLC Financial Overview
Table 15 Bayer AG Company Overview
Table 16 Bayer AG Financial Overview
Table 17 Becton Dickson and Company Overview
Table 18 Becton Dickson and Company Financial Overview
Table 19 3M Company Overview
Table 20 3M Financial Overview
Table 21 Johnson & Johnson Company Overview
Table 22 Johnson & Johnson Financial Overview
Table 23 Abbott Company Overview
Table 24 Abbott Financial Overview
Table 25 Medtronic Company Overview
Table 26 Medtronic Financial Overview
Market Segmentation
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