Saudi Arabia Respiratory Care Devices Market to grow with a CAGR of 6.73%
Increasing
healthcare infrastructure and a supportive regulatory environment are the major
drivers for the Saudi Arabia Respiratory Care Devices Market.
According
to TechSci Research report, “Saudi Arabia Respiratory Care Devices Market Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Saudi Arabia Respiratory Care
Devices Market has valued at USD 263.16 million in 2022 and is anticipated to witness
an impressive growth in the forecast period with a CAGR of 6.73% 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. Environmental
factors drive the demand for respiratory care devices. These factors primarily
relate to the quality of the air and environmental conditions, and they
influence the prevalence and severity of respiratory conditions, thus impacting
the need for respiratory care devices. Areas with high levels of air pollution,
which may result from industrial emissions, vehicle exhaust, and other sources,
can lead to increased respiratory problems. Prolonged exposure to polluted air
can exacerbate pre-existing conditions and contribute to the development of new
respiratory issues, driving the demand for respiratory care devices. Regions
with high allergen levels, such as pollen, mold spores, and dust mites, can
trigger allergic respiratory conditions, like asthma and allergic rhinitis.
Respiratory care devices, including inhalers and nebulizers, are often used to
manage symptoms in response to allergen exposure. Certain weather conditions,
such as high humidity, extreme temperatures, or seasonal changes, can impact
respiratory health. People may require respiratory care devices to manage
conditions exacerbated by weather-related triggers.
Geographical
factors, such as proximity to deserts, coastal areas, or high altitudes, can
affect air quality and respiratory health. Areas with unique environmental
conditions may see variations in the prevalence of respiratory conditions,
leading to varying demand for respiratory care devices. Certain occupations
expose individuals to environmental factors that can harm respiratory health,
such as dust, fumes, or chemical irritants. Workers in such environments may
require respiratory protection devices, like masks and respirators.
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In February 2022, Bayer, the German
pharmaceutical company, has unveiled Saudi Arabia's inaugural "digital
hub" aimed at enhancing the management of pulmonary hypertension (PH). The
AAN Digital Hub, created to tackle challenges in diagnosing and treating the
condition, particularly in the context of the COVID-19 pandemic, is centred on
streamlining virtual patient referrals and promoting the exchange of medical
expertise between primary care physicians, specialists, and their patients. Competition
in the Saudi Arabia Respiratory Care Devices Market present challenges for
manufacturers and healthcare providers. The market's competitive landscape can
impact various aspects of the industry. Intense competition can lead to price
pressure, which may reduce profit margins for manufacturers and suppliers of
respiratory care devices. This can be challenging for businesses aiming to
maintain profitability while offering competitive pricing. To stay competitive,
manufacturers must continuously invest in research and development to innovate
and develop new and advanced respiratory care devices. This can be costly and
requires a commitment to staying at the forefront of technology. In a highly
competitive market, the presence of numerous manufacturers and suppliers can
lead to market saturation. Finding opportunities for growth and market share
can be challenging when many players are vying for the same customers. In a
competitive environment, there can be a temptation to cut corners or compromise
on quality and safety standards to reduce costs. Maintaining high product
quality and safety is paramount in healthcare but can be challenging when cost
competition is fierce.
Saudi Arabia Respiratory Care Devices Market is
segmented based on Product Type, Indication, End User, and by region.
Based on the Indication, Saudi Arabia Respiratory
Care Devices Market is segmented into Chronic Obstructive Pulmonary Disease,
Sleep Apnea, Asthma, Infectious Diseases, Others. Chronic Obstructive Pulmonary Disease,
commonly referred to as COPD, is a progressive lung disease that primarily
affects a person's ability to breathe. It is characterized by chronic and
long-term airflow obstruction, which makes it difficult for individuals to
exhale air from their lungs effectively. COPD encompasses several conditions,
with the two most common being chronic bronchitis and emphysema. The main causes of COPD are long-term
exposure to irritants, typically from cigarette smoke (active or passive
smoking), air pollution, chemical fumes, and dust. Genetic factors and a
history of frequent lung infections can also contribute to the development of
COPD. COPD is a progressive
disease, meaning it tends to worsen over time, particularly if exposure to
irritants continues. Severe COPD can have a significant impact on a person's
quality of life and overall health. It may lead to complications like
respiratory infections, heart problems, and difficulty with daily activities.
Based on Region, Northern &
Central region held the largest share
in the Saudi Arabia Respiratory Care Devices Market. Government
investments in healthcare infrastructure and initiatives to improve healthcare
services are often more concentrated in these regions. The availability of
healthcare professionals, including pulmonologists and respiratory therapists,
is typically higher in urban areas, contributing to the expertise needed for
the proper use of respiratory care devices. Northern and Central regions are
more accessible for the distribution and transportation of medical equipment,
including respiratory care devices, making them more readily available to
healthcare facilities and patients.
Some of the major companies
operating in the Saudi Arabia Respiratory
Care Devices Market include:
- GE
Healthcare Saudi Arabia
- Medtronic
Saudi Arabia Co.
- ResMed
Inc (Saudi Arabia)
- Philips
Healthcare Saudi Arabia Ltd.
- Invacare
Saudi Arabia
- Draeger
Saudi Arabia
- Fisher
& Paykel Healthcare Saudi Arabia
- Masimo
Saudi Arabia
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“Certain areas, particularly in North America, are
projected to exert significant demand for Respiratory Care Devices. 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 Respiratory
Care Devices Market in the forecast period," said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based Global management
consulting firm.
Saudi Arabia Respiratory Care Devices
Market by Product Type (Therapeutic
Devices, Monitoring Devices, Diagnostic Devices, Consumables &
Accessories), By Indication (Chronic Obstructive Pulmonary Disease, Sleep
Apnea, Asthma, Infectious Diseases, Others), By End User (Hospitals &
Clinics, Ambulatory Care Centers, Others),
By Region, By Competition Forecast
& Opportunities, 2018-2028F has evaluated the future growth potential of Saudi
Arabia Respiratory Care Devices 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 Respiratory Care Devices Market.
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