Report Overview

Saudi Arabia Medical Vacuum System Market - Industry Trends & Forecast Report, 2030

The Saudi Arabia Medical Vacuum System Market size was estimated to be worth USD 89.21 million in 2023. During the forecast period between 2024 and 2030, the Saudi Arabia Medical Vacuum System Market size is projected to grow at a CAGR of 7.23%, reaching a value of USD 102.65 million by 2030. Major growth factors for the Saudi Arabia Medical Vacuum System Market include the increasing number of surgical procedures and diagnostic imaging procedures along with technological advancements in the medical devices industry. Additionally, stringent government regulations that mandate the use of vacuum systems are anticipated to drive the Saudi Arabia Medical Vacuum System Market over the forecast period.

Medical Vacuum System – Overview

Medical vacuums are used to aspirate waste out of patients' airways and ensure the surgical drainage of pleural or pericardial effusions. A vacuum is a useful tool in acute care, anesthesia, and surgery. A central vacuum system is linked to the suction 'outlets' located in operating rooms and patient rooms. It functions by creating a negative pressure or vacuum, which pulls liquids or other materials into a reservoir or container for collection. Medical vacuums are essential in many medical operations and environments, including wound care, respiratory treatment, and surgery.

Saudi Arabia Medical Vacuum System Market

Growth Drivers

Rising Investment in Healthcare Infrastructure

Saudi Arabia has been increasingly focusing on boosting the healthcare infrastructure across the Kingdom under its economic diversification and Vision 2030 and plans to invest more than USD 65 billion in the sector. Additionally, the government intends to increase the private sector's participation from 40% to 65%, according to the International Trade Administration. The increasing number of hospitals and rising investments in the adoption of advanced and high-tech medical equipment are anticipated to boost the demand for medical vacuum systems in Saudi Arabia during the period in analysis.

Challenges

High Dependence on Imports for Medical Vacuum

Saudi Arabia's economy is mostly oil-based and therefore has limited scope for the manufacture of advanced medical equipment, such as medical vacuum systems. As a result, the country has to depend on imports to meet the growing demand for these systems in the healthcare sector. The cost of procuring medical vacuum systems from other countries directly impacts its cost and may limit its growth in the Saudi Arabia market.

Saudi Arabia Medical Vacuum System Market

Segmental Coverage

Saudi Arabia Medical Vacuum System Market – By Product Type

Based on product type, the Saudi Arabia Medical Vacuum System Market is segmented into standalone vacuum systems, centralized vacuum systems, portable and compact vacuum systems, and accessories. The standalone vacuum system accounts for the highest market share owing to the rising demand for these systems among dental clinics and research labs.

Saudi Arabia Medical Vacuum System Market – By Technology

Based on technology, the Saudi Arabia Medical Vacuum System Market is segmented into oil-sealed rotary vane technology, dry rotary vane technology, dry claw pump technology, oil-sealed liquid ring technology, and water-sealed liquid ring technology. The oil-sealed rotary vane technology segment holds the largest share in the Saudi Arabia healthcare infrastructure. While they require more upkeep than oil-less technology, the oil-sealed rotary vane technology pumps operate silently.

Saudi Arabia Medical Vacuum System Market – By End User

Based on end user, the Saudi Arabia Medical Vacuum System Market is segmented into hospitals, surgical centers, ambulatory care centers, pharmaceutical & biotechnology manufacturers, diagnostic laboratories, and research laboratories & academic institutes. The hospitals, surgical centers, and ambulatory care centers segment dominates the Saudi Arabia Medical Vacuum System Market by end user. The increasing rate of target procedures performed in the Kingdom is directly fueling the demand for vacuum systems in the country. Furthermore, rising investment in the healthcare sector is anticipated to proliferate market growth over the forecast period.

Competitive Landscape

Major players operating in the Saudi Arabia Medical Vacuum System Market include Drager, Air Techniques, Atlas Copco AB, Busch Group, Medicop, Olympus Corporation, KNF Group, and BeaconMedaes.

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

By Product Type

• Standalone Vacuum Systems

• Centralized Vacuum Systems

• Portable And Compact Vacuum Systems

• Accessories

By Technology

• Oil-Sealed Rotary Vane Technology

• Dry Rotary Vane Technology

• Dry Claw Pump Technology

• Oil-Sealed Liquid Ring Technology

• Water-Sealed Liquid Ring Technology

By Application

• Pharma-Biotech Manufacturing

• Therapeutic Applications

• Diagnostic Applications

• Research Applications

By End User

• Hospitals, Surgical Centers, and Ambulatory Care Centers

• Pharmaceutical & Biotechnology Manufacturers

• Diagnostic Laboratories

• Research Laboratories & Academic Institutes

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Medical Vacuum System Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rising Prevalence of Chronic Diseases
         2. Growing Healthcare Infrastructure
         3. Increasing Government Support
         4. Growing Awareness of the Benefits of Medical Vacuum Systems
      2. Restraints
         1. High Initial Cost
         2. Lack of Skilled Personnel
         3. Stringent Regulations
      3.  Opportunities
         1. Rising Demand for Minimally Invasive Surgeries
         2. Growing Adoption of Advanced Technologies
         3. Increasing Focus on Developing Cost-Effective Technology
      4. Challenges
         1. Lack of Awareness Regarding Medical Vacuum System in Saudi Arabia
         2. Increasing Focus on Environmental Sustainability
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Saudi Arabia Medical Vacuum System Market: Pricing Analysis
5. Saudi Arabia Medical Vacuum System Market: Marketing Strategies
6. Saudi Arabia Medical Vacuum System Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
         1. Standalone Vacuum Systems
         2. Centralized Vacuum Systems
         3. Portable And Compact Vacuum Systems
         4. Accessories
      2. By Technology
         1. Oil-Sealed Rotary Vane Technology
         2. Dry Rotary Vane Technology
         3. Dry Claw Pump Technology
         4. Oil-Sealed Liquid Ring Technology
         5. Water-Sealed Liquid Ring Technology
      3. By Application
         1. Pharma-Biotech Manufacturing
         2. Therapeutic Applications
         3. Diagnostic Applications
         4. Research Applications
      4. By End User
         1. Hospitals, Surgical Centers, and Ambulatory Care Centers
         2. Pharmaceutical and Biotechnology Manufacturers
         3. Diagnostic Laboratories
         4. Research Laboratories and Academic Institutes
7. Competitive Landscape
   1. List of Key Players and Their Products
   2. Saudi Arabia Medical Vacuum System Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Saudi Arabia Medical Vacuum System Market: Import & Export
9. Impact of Escalating Geopolitical Tensions on Saudi Arabia Medical Vacuum System Market
10. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
    1. Drager
    2. Air Techniques
    3. Atlas Copco AB
    4. Busch Group
    5. Medicop
    6. Olympus Corporation
    7. KNF Group
    8. BeaconMedaes
    9. Other prominent players
11. Key Strategic Recommendations
12. Research Methodology
    1. Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents
    5.    Assumptions & Limitations

*Financial information 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 Vacuum System Segmentation

Figure 2       Saudi Arabia Medical Vacuum System Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Saudi Arabia Medical Vacuum System Market Size, By Value (USD Million), 2019–2030

Figure 5       Saudi Arabia Medical Vacuum System Market Share, By Product Type, By Value (USD Million), 2019–2030

Figure 6       Saudi Arabia Medical Vacuum System Market Share, By Technology, By Value (USD Million), 2019–2030

Figure 7       Saudi Arabia Medical Vacuum System Market Share, By Application, By Value (USD Million), 2019–2030       

Figure 8       Saudi Arabia Medical Vacuum System Market Share, By End User, By Value (USD Million), 2019–2030                                              

List of Tables      

Table 1        Saudi Arabia Medical Vacuum System Market Size, By Value (USD Million), 2019–2030

Table 2        Saudi Arabia Medical Vacuum System Market Share, By Product Type, By Value (USD Million), 2019–2030

Table 3        Saudi Arabia Medical Vacuum System Market Share, By Technology, By Value (USD Million), 2019–2030

Table 4        Saudi Arabia Medical Vacuum System Market Share, By Application, By Value (USD Million), 2019–2030

Table 5        Saudi Arabia Medical Vacuum System Market Share, By End User, By Value (USD Million), 2019–2030

Table 6        Drager Company Overview

Table 7        Drager Company Overview

Table 8        Air Techniques Company Overview

Table 9        Air Techniques Company Overview

Table 10      Atlas Copco AB Company Overview

Table 11      Atlas Copco AB Company Overview

Table 12      Busch Group Company Overview

Table 13      Busch Group Company Overview

Table 14      Medicop Company Overview

Table 15      Medicop Company Overview

Table 16      Olympus Corporation Company Overview

Table 17      Olympus Corporation Company Overview

Table 18      KNF Group Company Overview

Table 19      KNF Group Company Overview

Table 20      BeaconMedaes Company Overview

Table 21      BeaconMedaes Company Overview