Saudi Arabia Ventilator Market to grow at a Significant Rate During the Forecast Period
Rising prevalence of chronic
conditions is expected to drive the growth of Saudi Arabia Ventilator Market
during the forecast period.
According
to TechSci Research report, “Saudi
Arabia Ventilator Market" By Equipment Type (Invasive
Ventilation/Conventional Mechanical Ventilation v/s Non-Invasive Ventilation), By
Product Type (Adult, Pediatric, Neonatal), By Mobility (Standalone v/s
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 Company, By Region, Forecast &
Opportunities, 2026”, the Saudi Arabia ventilator market
is expected to grow at a significant rate during the forecast period. Rising
prevalence of serious lung diseases or improper functioning of respiratory
system requiring the use of ventilators for such patients is projected to act
as major market driving factor. Moreover, technological advancements including hybrid
respiratory solutions, high-performance turbine-based ventilators, wireless connectivity,
helmet based ventilators and 3D printing is further expected to fuel the market
growth through FY2026. Increasing handicapped population in the country is
further expected to drive the market growth during the forecast period. However,
high cost of ventilators and dependency on imports can restrict the market
growth over the next few years. Moreover, high
use of refurbished ventilators can further hinder the market growth during the
forecast period.
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The Saudi Arabia ventilator market is segmented based on equipment type,
product type, mobility, mode, end user, company, and region. Based on end user,
the market can be segregated into hospitals & clinics, home care settings,
ambulatory settings, emergency medical services and others. Among them, the
hospitals & clinics segment held the largest market share until 2020 which
can be ascribed to the increased patient pool visiting them requiring the use
of ventilators. Besides, the home care setting is expected to register the
highest growing CAGR in the next 5 years on account of growing healthcare
expenditure coupled with the rising per capita income in the country. Moreover,
adoption of advanced technologies by the doctors and patients is further
expected to drive the growth of segment over the coming years. Furthermore,
rising patient pool suffering from various respiratory problems is also
positively impacting the segmental growth. Based on product type, the market
can be categorized into adult, pediatric and neonatal. The adult segment is
expected to dominate the market during the forecast period which is
attributable to the growing geriatric population suffering from various chronic
and infectious disease in the country requiring the assistance of ventilators. Along
with that, the neonatal segment is also expected to witness significant growth in
forthcoming years owing to the rising prevalence of neonatal pneumonia.
Draeger Arabia Co. Ltd., Mediserv
Medical Supplies & Services co. Ltd, Weinmann, Becton, Dickinson and
Company, Philips Healthcare, Hamilton Medical, Fisher and Paykel Healthcare
Ltd., Medtronic Saudi Arabia, GE Healthcare, Atlas Copco Saudi Arabia and others are some of the leading players operating in Saudi Arabia
ventilator market. Companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share and increase their geographic reach.
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“Saudi Arabia ventilator market is
expected to witness significant growth during the forecast period on account of
rapid technological advancements. Along with this, increasing penetration of
multi-specialty hospital chains in the country is further forecasted to bode
well for the growth of ventilator market in the country. Moreover, rise in
government expenditures on the healthcare industry is further expected to
create lucrative opportunities for the market growth of Saudi Arabia ventilator
market over the next five years.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based India management consulting
firm.
“Saudi Arabia Ventilator Market By Equipment Type
(Invasive Ventilation/Conventional Mechanical Ventilation v/s Non-Invasive
Ventilation), By Product Type (Adult, Pediatric, Neonatal), By Mobility
(Standalone v/s 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 Company, By Region, Forecast
& Opportunities, 2026”, 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 cutting-edge 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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