Saudi Arabia Ventilator Market to grow with a CAGR of 6.12%
Increasing
healthcare infrastructure and a supportive regulatory environment are the major
drivers for the Saudi Arabia Ventilator Market.
According
to TechSci Research report, “Saudi Arabia Ventilator Market Industry Size,
Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Saudi Arabia Ventilator Market
has valued at USD 67.33 million in 2022 and is anticipated to witness an
impressive growth in the forecast period with a CAGR of 6.12% through 2028. This can be due to collaborations and
partnerships among leading companies with a diverse approach to merge the
expertise of individual companies and to strengthen their position in the
market.
Pandemic preparedness is a significant driver
for the demand in the Saudi Arabia Ventilator Market, as the experience of the
COVID-19 pandemic has underscored the critical need for ventilators in
healthcare systems during public health crises. The COVID-19 pandemic
highlighted the vulnerability of healthcare systems to respiratory disease
outbreaks. In response, there is a growing recognition of the need for a robust
supply of ventilators in anticipation of future respiratory epidemics. Governments
and healthcare facilities are focusing on stockpiling essential medical
equipment, including ventilators, to ensure readiness for future pandemics or
other healthcare emergencies. Pandemic preparedness often involves expanding
ICU capacity and ensuring an adequate supply of ventilators, as severe
respiratory cases require critical care support. Public-private partnerships
may be formed to develop and supply ventilators for emergency use, ensuring
that the private sector contributes to pandemic response efforts. Healthcare
institutions are developing and updating clinical protocols and guidelines for
ventilator use during pandemics, leading to increased demand for these devices.
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In
December 2022, Saudi
Arabia successfully unveiled its inaugural domestically produced intensive-care
ventilator. This groundbreaking achievement is the result of a collaborative
effort between Medtronic Saudi Arabia, a prominent global health technology
company, and Al-Rowad Technical Systems Company. The endeavor received
invaluable support and partnerships from key entities such as the Ministry of
Investment, Ministry of Industry and Mineral Resources, and the Local Content
and Government Procurement Authority. This strategic partnership between the
two companies is poised to yield an annual production capacity of 1,200
intensive-care ventilators, with an initial target of achieving a Saudization
rate of 46 percent among their workforce within the first two years. The
primary objective of this partnership is to facilitate the transfer of advanced
technology and fortify the local healthcare system, thereby enabling the
domestic production of medical devices within the Kingdom. Furthermore, this
initiative promises to generate a multitude of employment opportunities for
Saudi citizens in the private sector. Notably, this innovative device is
designed to facilitate normal breathing for patients in intensive care units,
prioritizing both safety and comfort, while ensuring a high degree of safety.
Maintenance
and servicing challenges in the Saudi Arabia Ventilator Market are common
issues faced by healthcare facilities worldwide. Ensuring the availability of
qualified technicians for ventilator maintenance can be a challenge. It
requires specialized training and expertise, and there may be a shortage of
skilled personnel. Properly trained personnel are essential for ventilator
maintenance. Providing ongoing training and education to healthcare staff can
be time-consuming and costly. Access to technical support and assistance from
manufacturers or service providers is crucial for timely maintenance and
troubleshooting. Delays in technical support can affect patient care. The
availability of replacement parts for ventilators can be a challenge,
especially during emergencies or when there are supply chain disruptions.
Healthcare facilities need to maintain an adequate inventory of spare parts. The
cost of maintenance and servicing, including the procurement of replacement
parts and the salaries of qualified technicians, can strain healthcare budgets.
Saudi Arabia Ventilator Market is segmented based on
Equipment Type, Product Type, Mobility, Mode, End User, and by region. Based on the Mode, Saudi Arabia Ventilator Market
is segmented into Pressure Mode, Volume Mode, Combined Mode, Others. Pressure
mode is one of the ventilation modes used in the Saudi Arabia Ventilator
Market, as well as in the broader field of mechanical ventilation. In this
mode, the ventilator delivers breath to the patient by controlling the airway
pressure, specifically the inspiratory pressure. In pressure mode ventilation,
the key parameter controlled by the ventilator is the inspiratory pressure.
This means that the ventilator delivers each breath by applying a specific
pressure to the patient's airway to assist with inhalation. Unlike
volume-controlled ventilation (VCV), where the ventilator controls the volume
of air delivered to the patient, pressure mode does not guarantee a fixed tidal
volume. The actual tidal volume can vary depending on factors such as lung
compliance and airway resistance. Pressure
mode ventilation allows for patient effort. This means that if the patient
initiates a breath or exerts effort to breathe, the ventilator will provide
additional support by delivering air at the set inspiratory pressure.
Based on Region, Northern &
Central region held the largest share
in the Saudi Arabia Ventilator Market. The Saudi government has been
investing significantly in healthcare infrastructure and medical technology,
with a focus on the major urban areas. This investment includes the procurement
of ventilators for public healthcare facilities. The Northern and Central
regions have better accessibility to international markets, making it easier to
import and access medical equipment such as ventilators. Riyadh, in the Central
region, has been a hub for medical tourism in the Middle East. International
patients come to Saudi Arabia for medical treatment, including critical care,
which may increase the demand for ventilators. During the COVID-19 pandemic,
healthcare facilities in these regions were at the forefront of treating and
caring for patients. This experience likely led to increased investments in
critical care equipment, including ventilators.
Some of the major companies
operating in the Saudi Arabia Ventilator
Market include:
- Draeger
Arabia Co. Ltd.
- Mediserv
Medical Supplies & Services co. Lid
- Weinmann
- Becton,
Dickinson, and Company
- Philips
Healthcare
- Hamilton
Medical
- Fisher
and Paykel Healthcare Ltd.
- Medtronic
Saudi Arabia
- GE
Healthcare
- Atlas
Copco Saudi Arabia
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“Certain areas, particularly in Saudi Arabia, are
projected to exert significant demand for Ventilator. The growth in the
competitive landscape and the presence of well-established companies in the
market, committed to enhance the overall wellbeing of people each year, are
expected to contribute to a remarkable growth of the Saudi Arabia Ventilator
Market in the forecast period," said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based Global management consulting firm.
Saudi Arabia Ventilator Market by Equipment
Type (Invasive Ventilation/Conventional Mechanical Ventilation, Non-Invasive
Ventilation), By Product Type (Adult, Pediatric, Neonatal), By Mobility
(Standalone, Portable), By Mode (Pressure Mode, Volume Mode, Combined Mode,
Others), By End User (Hospitals & Clinics, Home Care Settings, Ambulatory
Settings, Emergency Medical Services, Others), By Region, By Competition
Forecast & Opportunities, 2018-2028F has evaluated the future growth
potential of Saudi Arabia Ventilator Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide innovative 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 Ventilator Market.
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