Press Release

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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