Mon. Nov 29th, 2021

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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