Optical Coherence Tomography Market: Recent Industry Trends and Projected Industry Growth, 2020– 2027

 Market Research Future (MRFR) expects the Optical Coherence Tomography Market to gain a valuation of USD 1483.49 Million by 2023, in view of the rising burden of eye diseases worldwide and the surge in technological innovations.

COVID-19 Analysis

In response to the COVID-19 outbreak, medical and healthcare industries are boosting their efforts to revive operations and services. The optical coherence industry has been gearing up to address the challenges posed by the SARS-CoV-2 pandemic, which include revenue loss, economic downfall and weakened demand among end-users.

Optical coherence tomography manufacturers are striving to ramp up their production capacity, while exploring innovative methods to bolster their presence, such as collaborations with firms outside the sector, open-source designing of equipment, and deployment of skilled healthcare employees to cater to health needs. These initiatives by players in the face of the novel coronavirus and the lockdown can be favorable for the OCT market in the near future.

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Drivers

Technical Innovations to Bolster OCT’s Medical Applications

Various experts and healthcare professionals claim that the optical coherence tomography has not been exploited completely and has a considerable growth potential. As of now, efforts are being made to enhance the scanning speed, accuracy, resolution power and multimodal imaging. Lately, hybridization of angiography with OCT for development of OCT angiography devices has gained prevalence in the medical field, resulting in emergence of new cardiovascular applications. OCT is a cutting-edge technology that helps address several public health ailments like diabetic retinopathy, non-melanoma skin cancer, cardiovascular disease, age-related Macular Disease, prostate cancer, barett’s esophagus, to name a few. It is also projected to penetrate medical applications beyond ophthalmology, such as in the life sciences industry.

The rising need for non-invasive, label-free, in vivo imaging methods for diagnosing and monitoring various pathologies is fostering the demand for OCT. This demand is especially strong in developing nations like such as China and India. The latest optical coherence tomography market trends observed include the increased focus of players on developing low-cost, portable and compact OCT systems with basic applications including dentistry, dermatology and more.

Opportunities

Micro-Optical Coherence Tomography to Emerge as a Profitable Opportunity

Mounting popularity of micro optical coherence tomography could be a huge opportunity in the years to come, with miniaturization and improvements in device designing currently being the key focus areas. Market participants are concentrating on conducting researches to develop “OCT in a chip” that is anticipated to go commercial in the next couple of years, depending on regulatory compliance as well as approval procedures. As of now, micro-optical coherence tomography is one of the prominent optical coherence tomography market trends picking up pace in the global industry.

Restraints

Unfavorable Medical Reimbursement Schemes to Restrain Growth

Lack of favorable medical reimbursement schemes along with limited clinical data are top deterrents in the global market for optical coherence tomography.

Challenges

Dearth of Skilled Medical Professionals to be a Huge Challenge

Shortage of effective equipment and dearth of skilled medical professionals that can use devices related to optical coherence tomography can prove to be massive challenges for the top companies in the global market.

Cumulative Growth Analysis

The Market Size to Soar at a Strong Rate

MRFR believes that the optical coherence tomography market size can expand at a rate of 8.9% over the appraisal period (between 2017 and 2023).

Segment Overview

SD-OCT to Command the Global Market

Depending on technology, the market can be categorized into swept-source OCT, spectral-domain OCT (SD-OCT), and others. Spectral domain optical coherence tomography (SD-OCT) is on track to achieve the biggest share of 60.1% over the given period, while swept-source OCT segment can grow at the fastest pace of 9.1% during the same period.

Ophthalmology Segment to be the Top Application

OCT’s top applications are oncology, cardiology, dermatology, ophthalmology and more. The ophthalmology segment can most likely take the commanding position with the highest share of 53.6% in the market, while the dermatology segment could procure the fastest growth rate of 9.3% from 2017 to 2023.

Handheld OCT Devices to Witness Strong Demand

The primary types of devices considered in the MRFR report include tabletop OCT devices, catheter-based OCT devices, handheld OCT devices, and others. Over the years, there have been major advances in handheld OCT devices, allowing high-resolution retinal imaging in young children and infants and also helping physicians in the early detection of several retinal disorders, such as diabetic retinopathy, macular degeneration and glaucoma. As a result, it is expected that the handheld OCT devices segment can make significant progress in the years ahead.

Regional Analysis

America to Grab Lion’s Share in the Global Market

The Americas can touch USD 558.34 million by 2023 and is currently the most profitable market for optical coherence tomography, profiting majorly from the rising prevalence of diabetic retinopathy, coupled with the huge number of affluent vendors present in the region. Increased use of OCT macular degeneration, glaucoma and conditions related to retina such as vitreous traction and central serous retinopathy in the region also benefits the regional market. Retinal optical coherence tomography and optical coherence tomography cardiology have emerged as highly lucrative segments in the American market over the past few years, owing to the surge in various eye and heart related disorders in the region. Also, favorable medical insurance schemes that help patients cover the optical coherence tomography cost, in terms of treatment, have bolstered the market size as well.

Asia Pacific to Clinch the Fastest CAGR between 2017 and 2023

Asia Pacific is the fastest emerging market and could procure a CAGR of 9.4% between 2017 and 2023, in view of the expanding obesity population base, rising stress, and prevalence of unhealthy lifestyle among people. These factors are resulting in higher cases of diabetes and other chronic ailments in the region, which fosters the demand for optical coherence tomography technology. The government funds new advanced technologies and promote innovative treatment options, prompting a surge in research and development activities for the same. India and China are home to a number of reputed companies that cater to the vast patient pool suffering from diabetes and a burgeoning aging population.

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Clinical Practice Management Software Market – Insights on Upcoming Trends 2027

 Clinical practice management software is a type of healthcare management software offering wide range of application for healthcare management. Functions including patient registration, appointment scheduling, medical billing and others can be performed using clinical practice management software. Extensive demand of this software by hospitals and large number of healthcare IT companies providing client specific software solutions drives the growth of this market across the globe. Availability of user friendly software solution that are easily used by healthcare professional also contributes to the growth of this market. However, high cost of this software acts as a restrain for this market’s growth. Global market of clinical practice management software is expected to grow at a CAGR of approximately 15.2% during the forecast period of 2017-2023.

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Segmentation

Global clinical practice management software market has been segmented on the basis of mode of delivery which includes on-premise and cloud based. On the basis of end user, the market is segmented into hospitals, clinics, laboratories, pharmacy and others.

Intended Audience

• Healthcare IT companies
• Healthcare companies
• Contract research organizations (CROs)
• Research and development (R&D) companies
• Academic medical institutes and universities

Regional Analysis:

Globally, clinical practice management software market consists of four regions which includes Americas, Europe, Asia Pacific and Middle East & Africa. America is the largest market owing to extensive use of clinical practice management software in hospitals, presence of large number of healthcare IT companies and demand of user friendly software. Further, importance of electronic medical records also contributes to the growth of this market in America.  Europe is the second largest market whose growth is attributed to an increase in demand of patient management software solutions. Asia Pacific region shows the fastest growth in this market followed by Middle East & Africa. Increase in awareness about use of IT in patient management, appointment scheduling and medical billing drives the growth of this market here.

Key Players

This market has numerous players, some of the key players are Optum Inc. (U.S), Cerner Corporation (U.S), McKesson Corporation (U.S), Dell (U.S), Cognizant (U.S), Koninklijke Philips N.V. (U.S), Xerox Corporation (U.S), Siemens Ltd.(Germany), Epic Systems Corporation (U.S), GE Electronic (U.S) and Allscripts (U.S).

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Biohacking Market: Recent Industry Trends and Projected Industry Growth, 2020– 2027

 Biohacking refers to the use of function-enhancing drugs or the use of external or internal implants to improve cognitive function, memory, and creativity in individuals. The most prolific method include the intake of nootropic drugs to develop intelligence and focus. It is also known as do-it-yourself (DIY) biology. Biohackers have set up shop in warehouses, garages, and other such spaces. Some of the well-known labs in the U.S. include Biogarage, Bioartlab, Genspace, BioCurious, and LA Biohackers.

Awareness of biohacking, prevalence of chronic diseases, and demand for smart devices and drugs are factors likely to drive the market growth over the forecast period (2017-2023). The biohacking market can mushroom in size at a 19.42% CAGR during the assessment period owing to continuous technological advances. Lack of cyber security practices can deter the market growth. The sharp rise noticed in chronic diseases coupled with the growing geriatric populace is expected to provide opportunities for the market to grow.

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The increasing use of radiofrequency identification (RFID) technology in medical devices combined with the penetration of internet of things (IoT) in healthcare, fitness, and consumer electronics is expected to push the market demand. This can be credited to the need for quality healthcare needs among the populace.

Report Overview

The report covers the latest trends affecting the market to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts make highly astute projections regarding the scope of the market and its future prospects. MRFR’s report includes a thorough analysis of the global biohacking market segmented by type, product, application, end-user, and region. Trends and opportunities are highlighted coupled with the market share of companies as well as their valuation in the market. It analyzes new revenue sources for players and outlines the various strategies implemented by players.

Segment Overview

By type, the global biohacking market is segmented into outside and inside biohacking. Product-wise, the market is segmented into strains, sensors, smart drugs, and others. Major applications include synthetic biology, forensic science, genetic engineering, diagnosis & treatment, drug testing, and others. End-users in the market include pharmaceutical & biotechnology companies, forensic laboratories, and others.

The segments covered in the biohacking market report are analyzed with respect to four major regions – Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA), with respective country-level market sizing. The report discusses in detail the various players residing in these regions and their respective strategies to climb up the market ladder.

Competitive Landscape

Noteworthy industry participants in the biohacking market include Thync Global Inc. (U.S.), Synbiota (Canada), Apple (U.S.), HVMN, Inc. (U.S.), MoodMetric (U.S.), THE ODIN (U.S.), and Fitbit, Inc. (U.S.). The report offers comprehensive profiles on these market players and assesses their current standing in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, expansion techniques, and latest R&D initiatives are discussed in minute detail.

Research Methodology

At MRFR, our research analysts conduct a thorough objective analysis of the market when creating market reports by adhering to a rigorous set of standards which allow a truly comprehensive view of the market. Use of primary research strategies such as interviews with top executives of biohacking kits and tools manufacturers. Secondary research entails a thorough analysis of past and present trends in a forward-looking manner. Additionally, market size estimation and validation use both top-down & bottom-up approaches to obtain data from the value and supply chain. The balanced number of buyers and suppliers will result in a negligible demand-supply gap. Credible resources are accessed and verified by analysts to understand the nuances of market factors with consistency. Competent data analysts use strong analytical tools to ascertain accurate analysis of very relevant parameters in an effort to provide clients with a conclusive and dependable view of the future.

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Beauty Devices Market Growth, Trends and Value Chain 2020-2027

 The Global Beauty Devices Market is expected to grow at a CAGR of 7.8 % during the forecast period 2017-2023. Beauty devices are products that aid in enhancing one’s physical appearance. These devices helps to resolve issues related to skin and hair. These beauty devices have committed to provide the same service as one would get from any aesthetic treatment. Increasing awareness about beauty devices and services, rising geriatric population, increasing hormonal disorders, high disposable income, increasing prevalence of skin and hair problems along with immense technological advancement are the driving factors of the beauty devices market. As per the latest trends in beauty devices market, existing companies are focusing more on unique approaches and innovative technologically advanced devices. This has created competition among existing market players and new entrants will directly lead to decrease in prices.

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Beauty devices have attracted a considerable attention of market, since the technology is developing in almost every aspect of life leading to a higher adoption of these technologically advanced products by the consumers. These beauty devices are accepted by the consumers. However, the presence of reasonable substitutes and side-effects from beauty devices may hamper the upside move of the market over the review period.

Hair removal devices hold the largest global market share of beauty devices, owing to increasing prevalence of polycystic ovary syndrome (PCOS) and hormonal problems among females. According to CDC, PCOS is affecting 6% to 12% of the U.S. women of reproductive age.

Beauty Devices Market Intended Audience

• Product manufacturers
• Beauty Devices manufacturer
• Research and Development (R&D) Companies
• Hospitals and Laboratories
• Medical Research Laboratories
• Academic Medical Institutes and Universities 

Beauty Devices Market Segmentations The global beauty devices market is segmented on the basis of type, application, and end user.

On the basis of type, it is segmented into hair care, skin care, oral care, and others. Furthermore hair care segmented into hair removal devices, hair growth devices, hair styling devices, and others and skin care segmented into light/led and photo rejuvenation therapy devices, cellulite reduction devices, acne removal devices, and others.

On the basis of application, it is segmented into commercial purpose and others. Furthermore commercial purpose segmented into salon/spas, hospitals/clinics, and others

On the basis of end user, it is segmented into professional and personalized. 

Beauty Devices Market Regional Analysis The Americas dominate the global beauty devices market owing to well-developed technology, increasing patient with PCOS, rising aging population, and increasing government support for research & development. Furthermore, increased R&D activities and the concentration of major companies have fuelled the growth of the market in this region. Some regions of Latin America are also expected to rise at a faster pace.

Europe holds the second position in the global beauty devices market owing to the government support for research & development and availability of funds for research. This is expected to continue to drive the European market over the forecasted period. For instance, countries like Germany and France are increasing investment in the healthcare domain.

Asia Pacific is the fastest growing acquired beauty devices market owing to the presence of rapidly developing healthcare technology, huge patient population, and high healthcare expenditure. Moreover, increasing demand for new treatment methods in countries like India and China is likely to emerge as the fastest growing market across the globe. Furthermore, increasing demand for quality devices in healthcare, is projected to lead to the use of advanced equipment, which, in turn, will increase the market growth of the acquired aplastic anemia in the region. In the Asia Pacific region, China is commanding the largest market share owing to tremendous economic development and increasing aging population.

On the other hand, the Middle East and Africa is expecting a luxurious growth in coming years. On the basis of consumer awareness, the usage of beauty devices is dominant across all age groups. Beauty Devices Market Key Players Some of key the players in the market are L'Oreal S.A., Nu Skin Enterprises, Panasonic Corporation, Syneron Medical Ltd, Home Skinovations Ltd, TRIA Beauty Inc, Procter & Gamble Co, PhotoMedex Inc, Tria Beauty Inc.

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New research report offers detailed research on developments in Contract Research Organization (CRO) Market 2027

 The Global Contract Research Organization (CRO) Market is expected to grow at a CAGR of 11.48% during the forecast period.

The changing economy has compelled big pharmaceutical companies to outsource many of their critical operations including research and manufacturing of the therapeutic drugs and medical devices. This has provided favourable backgrounds for the development of the Contract Research Organizations (CRO).

The Contract Research Organizations are those which provides clinical trial and other research support services to pharmaceutical/biotechnology industries and medical device industries, besides others. Moreover, they can also serve government institutions, foundations, and universities in their research process.

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The contract research organizations bundle orders from many clients and thus achieve economies of scale which brings down the price. The reduced costs of manufacturing or service, then, can be transferred to the final client, thereby giving the benefit of cost efficiency. Therefore, economics of production and scale along with several other factors like focus on core competencies, mutual benefit to both contractor and client will drive the market growth. However, the contract research organization market can be restrained by the high cost of labour, structural changes in industry and employment, exchange rate volatility, flight of contract research to developing regions, and others. 

Contract Research Organization Market Segmentation

The global contract research organization market is segmented on the basis of segment, clinical trial phase, and end users.

On the basis of segment, the market is segmented drug discovery, clinical development, post marketing services, and others.

On the basis of clinical trial, the market is categorised into preclinical trials, phase I, phase II, phase III, phase IV, and others.

On the basis of end users, the contract research organization market is segmented into pharmaceutical/ biotechnology companies, medical devices companies, academic institutes and others.

Key players for global contract research organization market

The key players for the Global Contract Research Organization Market are Laboratory Corporation of America Holdings. (U.S.), QuintilesIMS (U.S.), PAREXEL International Corporation. (U.S.), Pharmaceutical Product Development, LLC. (U.S.), INC Research LLC (U.S.), PRA Health Sciences, Inc. (U.S.), ICON plc. (Europe) and others.

Contract Research Organization Market Regional Analysis

The Americas dominates the Global Contract Research Organization (CRO) Market owing to a well-developed healthcare sector and huge patient population. Apart from this, changing lifestyle and increasing healthcare expenditure have boosted the growth of the market in America.  Moreover, the presence of developed economies like the U.S. and Canada within the region will boost the market growth. 

Europe is the second-largest global contract research organization market, which is followed by Asia Pacific. Availability of funds for research, huge patient population, increasing healthcare expenditures, a well-developed healthcare sector and government support for research & development are projected to drive the market growth during the forecasted period. Regionally, Europe is divided into Western Europe and Eastern Europe. Western Europe hold the major share of the regional market, which is majorly contributed by Germany, the U.K., and France. However, Eastern Europe is the fastest-growing region due to the huge opportunities in the untapped market. 

Asia Pacific is the fastest-growing region in global the contract research organization market due to the presence of a huge patient population, continuously developing economies like India and China which have increasing per capita healthcare expenditures. According to Indian Brand Equity Foundation in 2017, the Indian healthcare sector is one of the fastest-growing industries and is expected to advance at a CAGR of 22.87% during the review period to reach USD 280 billion by 2020. Moreover, favourable government policies fuel the market growth within this region. 

On the other hand, the Middle East & Africa holds the least share in the global contract research organization market due to presence of poor economy, especially, in the African region due to low per capita income and stringent government policies. Majority of the market of this region is held by the Middle East in this region due to the well-developed healthcare sector Moreover, the presence of developed economies like Kuwait, Saudi Arabia, Dubai and Qatar facilitates it to hold the market.

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Africa Medical Devices Market Revenue and Value Chain 2020-2027

 A medical device is any instrument, appliance including any software, biologic or non-biologic material, to be used for the diagnostic or therapeutic use for management of diseases and disorders. Africa presents both opportunities and challenges which are very different from the rest of world. The socioeconomic drivers include a guaranteed customer base as Africa has a disproportionate number of young people. It is estimated that 62% of the population in Africa is under 25 years as compared to Europe whose workforce is expected to shrink from 63% in 2010 to 51% in 2050. The second factor is the rising middle class of Africa. The regions with the greatest middle class population are South Africa, Nigeria, Algeria, Egypt and Morocco.

However there exists huge barriers too. The most formidable barrier is the low per capita income and the poor connectivity and infrastructure of Africa. Although Africa has a large middle class consumer base there exists the reality that approx. 60% of population survives on less than USD 2 a day. Thus two things should be noted

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African medical devices market is very price sensitive and opportunities lie at the lower end with devices with lower cost and features to dominate the segment. The first mover advantage is everything, as it is extremely difficult to dislodge the market leader due to lower profit margin on low cost devices and the smaller customer base. Thus the company which will dominate the market first will have a stranglehold on the market due to high switching costs and low competitors.

The other market barriers include high cost of imported medical devices and high sales tariffs, challenging and dynamic regulatory framework, low penetration of medical devices in Africa and differential connectivity in regions of Africa are factors restraining the growth of the market. Further political turmoil, the weak African currencies and their dependence on primary exports particularly mining are economic threats to the market. While technology and product development remain strong market strategies for medical devices the cost sensitivities of African market needs to be considered. Development of stronger biocompatible materials, growth of healthcare mobile applications, cloud integration are the leading themes. The other drivers of medical device market are rising cost of healthcare which stimulated development of innovative connected products such as wearable medical devices, demand for early detection and noninvasive therapies, growing awareness and spread of information technology, development of user friendly devices etc.

Taking all factors into consideration, we expect the Africa medical devices market to reach around $ 7069.61 million from $ 4900 million in 2017, by the end of the forecast period at a CAGR of ~ 6.3 %.
Study Objectives Africa Medical Devices Market:

• To provide detail analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Africa medical devices market
• To provide insights about factors affecting the market growth
• To analyze the market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments for Africa medical devices market
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segments by product type, by therapeutic applications, by end users and other sub segments.
• To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments globally.

Intended Audience:

• Medical Devices Manufacturers
• Medical Devices Suppliers
• Private Research Laboratories
• Research and Development (R&D) Companies
• Market Research and Consulting Service Providers
• Government Research Laboratories
• Contract Manufacturing Organizations

Key Players for Africa Medical Devices Market:
Some of the key players in this market are: Mindray Medical International Limited, Koninklijke Philips Electronics NV., Siemens Ltd, Toshiba Medical Systems Corporation, GE Healthcare, Medtronic, Johnson & Johnson and others.

Segments:

Africa medical devices market has been segmented on the basis of product type which comprises monitoring devices, diagnostic devices, diagnostic molecular devices, drug delivery devices, surgical devices, bio implants and stimulation devices, automation and robotics and others. On the basis of therapeutic application; market is segmented into general surgery, diagnostic imaging, respiratory, orthopedics, cardiovascular, dental, neurology, ophthalmology, ear-nose-throat (ENT), nephrology and urology, and others. On the basis of end users; market is segmented hospitals, ambulatory and home.

Regional Analysis of Africa Medical Devices Market:

The healthcare sector of Africa is divided between private and state. The public healthcare expenditure accounts for approximately 48 % of total health expenditure in 2014 with variation in different countries. Local manufacturing represents a poor outlook which is limited to consumables and ordinary articles and there are a handful of high tech devices manufacturers. Africa is extremely dependent on imports for medical devices and imports account for approximately 90 % of total market for medical devices and Chinese medical device suppliers dominate the scenario. Among the regions of Africa, South Africa and Egypt account for 40 % of market. Other important nations are Nigeria, Morocco and Algeria. Collaboration with large global companies and technical transfer will remain the key strategy for developing the regional African market as can be seen by the example of China.

The report for Africa Medical Devices Market of Market Research Future comprises extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.

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Saudi Arabia Medical Devices Market – Qualitative Insights by 2027

 Market Synopsis of Saudi Arabia Medical Devices Market: 

A Medical Device is any instrument, appliance including any software, biologic or non-biologic compatible material, to be used for the diagnostic or therapeutic use for management of diseases and disorders. The medical device industry is one of the fastest growing segment of healthcare industry chiefly driven by innovation and new technologies. The sector had witnessed an unprecedented growth and has revolutionized healthcare by the development of state-of-the-art medical devices. The medical devices industry has also resulted in the successful combination of information technology and healthcare and has catalyzed growth in both sectors.

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Technology and product development remain the main pillars for the growing market for medical devices. Although there has been application of new knowledge to medical devices but most innovations in medical devices are based on solving engineering problem. Development of stronger and biocompatible materials led the growth of bio-implants segment, while advancements in connectivity and processing power led the growth of diagnostic imaging sector. The other drivers of medical device market are rising cost of healthcare which stimulated development of innovative connected products such as wearable medical devices, falling cost of production and rising manufacturing capacities in electronic industry, demand for early detection and noninvasive therapies etc.

The market constraints are strict and ambiguous regulatory framework, growing concern for security especially data security, differential availability between developed and developing regions, connectivity issues in poor regions of the world etc.

Taking all factors into consideration, we expect the Saudi Arabia medical devices market to reach around $ 3870 million from $ 2250 million in 2017, by the end of the forecast period at a CAGR of ~9.5%.  Intended Audience:

• Medical Devices Manufacturers
• Medical Devices Suppliers
• Private Research Laboratories
• Research and Development (R&D) Companies
• Market Research and Consulting Service Providers
• Government Research Laboratories
• Contract Manufacturing Organizations

Top Players for Saudi Arabia Medical Devices Market:

Johnson & Johnson, General Electric, Medtronic, Koninklijke Philips Electronics NV., Baxter Internationa, Fresenius Medical Care AG & Co., Cardinal Health, Al-Salehiya Medical Estableshment, Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO), Al Amin Medical Instruments Company (AMICO), Al Faisaliah Medical Systems (FMS), Siemens Ltd and others.

Industry Segments: Saudi Arabia medical devices market has been segmented on the basis of product type which comprises monitoring devices, diagnostic devices, diagnostic molecular devices, drug delivery devices, surgical devices, bio implants and stimulation devices, automation and robotics and others. On the basis of therapeutic application; market is segmented into general surgery, diagnostic imaging, respiratory, orthopedics, cardiovascular, dental, neurology, ophthalmology, ear-nose-throat (ENT), nephrology and urology, and others. On the basis of end users; market is segmented into hospitals, ambulatory, home and others. 

Regional Analysis of Saudi Arabia Medical Devices Market: The healthcare sector of Saudi Arabia is divided between private and state. The public healthcare expenditure accounts for approximately 75% of total health expenditure in 2014. Local manufacturing represents a poor outlook which is limited to consumables and ordinary articles. The government has established some of the best hospitals in the region such as King Faisal specialist hospital and research center, Riyadh military hospital, Saudi Arabia’s National Guard health affairs hospital etc. Saudi Arabia is extremely dependent on imports for medical devices and imports account for approximately 92% of total market for medical devices. U.S. medical device suppliers dominate the scenario with European vendors in the second position. Among the regions of Saudi Arabia Riyadh tops the healthcare expenditure list followed by Tabuk, Makkah and Madina.

The report for Saudi Arabia Medical Devices Market of Market Research Future comprises extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insights of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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