Saudi Arabia Hospital Supplies Market Research Report: Market Analysis on the Future Growth Prospects and Market Trends Adopted by the Competitors, Regions with Forecast by 2024

(The Express Wire via Comtex)

Saudi Arabia Hospital Supplies Market report gives a significant wellspring of quick information for business strategies and focused examination. It is a focused study on leading Saudi Arabia Hospital Supplies industry players with information such as Trends, Statistics, Types and Application, Growth, Share, Revenue & Regions.

Market Overview

The major factors for the growth of the Saudi Arabia Hospital Supplies Market include the increasing incidences of communal diseases, growing awareness about hospital-acquired infections, and the rise in the aging population.

- The significant increase in the aging population every year has a direct impact on the rising number of the geriatric population being hospitalized due to chronic diseases. The geriatric population, which is more prone to chronic diseases, such as cancer, cardiovascular illnesses, and other disorders, is expected to serve as the primary driver in this market, thereby increasing the demand for hospital supplies.

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- As per a 2015 publication in Working Papers, Saudi Arabian Monetary Authority, the population aged 60 or more is expected to be 25% of the total population, by the end of 2050. Since the current era belongs to the transition phase, a significant number of people are in their late 40s and 50s, which increases the possibility of long-term chronic diseases and hospitalization for the longer duration, in the country.

- The Saudi healthcare sector is experiencing increased participation from the private sector, along with government initiatives, for further expansion and investment in this industry. Accordingly, there is increasing demand for hospital beds and hospital supplies, which is expected to further surge, over the next decade.

- The aging of baby boomers requires higher attention, and thus, requires more hospital services, primarily in outpatient settings. In addition, there is a growing demand for outpatient surgical centers, imaging centers, and physician offices. Thus, aging plays a significant role in the high number of hospital visits. Thus, the demand for hospital supplies is expected to increase over the forecast period.

Competitive Landscape:

The Saudi Arabia Hospital Supplies Market is a fragmented market, owing to the direct presence of a few major players. Furthermore, some of the market players are acquiring a significant market share by focusing more on the distribution channel of the products. Some of the market players are 3M Company, B. Braun Melsungen AG, Baxter International, Becton Dickinson and Company, GE Healthcare, Johnson and Johnson, Medtronic, Smith and Nephew, and Stryker Corporation.

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- The market estimate (ME) sheet in Excel format

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Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format

- Report customization as per the client's requirements

- 3 months of analyst support

Table of Content:

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Increasing Incidences of Communal Diseases

4.2.2 Growing Awareness about Hospital Acquired Infections

4.2.3 Rise in Ageing Population

4.3 Market Restraints

4.3.1 Growing Adoption of Home Healthcare Services

4.4 Porter's Five Forces Analysis

4.4.1 Threat of New Entrants

4.4.2 Bargaining Power of Buyers/Consumers

4.4.3 Bargaining Power of Suppliers

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By Product Type

5.1.1 Operating Room Equipment

5.1.2 Mobility Aids and Transportation Equipment

5.1.3 Sterilization and Disinfectant Products

5.1.4 Disposable Hospital Supplies

5.1.5 Syringes and Needles

5.1.6 Other Product Types

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 3M Company

6.1.2 B. Braun Melsungen AG

6.1.3 Baxter International

6.1.4 Becton, Dickinson and Company

6.1.5 GE Healthcare

6.1.6 Johnson and Johnson

6.1.7 Medtronic

6.1.8 Smith and Nephew

6.1.9 Stryker Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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