Saudi Arabia Medical Disposables Market Size Booming at Robust 17.5% CAGR to Touch USD 9.6 Billion by 2029

Published | 26 April 2023

Saudi Arabia medical disposables market is flourishing because of growing population and increasing incidence of chronic diseases in the kingdom and rising healthcare spending by the government.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia medical disposables market size at USD 3.12 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Saudi Arabia medical disposables market size to grow at a significant CAGR of 17.5% reaching a value of USD 9.59 billion by 2029. Major growth drivers for Saudi Arabia medical disposables market include increasing hospital acquired infections (HAIs), growing number of surgical procedures being performed, a higher prevalence of chronic diseases, and the impact of the COVID-19 pandemic. The market for medical disposables in Saudi Arabia is being driven primarily by the increasing prevalence of chronic diseases, such as diabetes and cardiovascular diseases. According to a report by the International Diabetes Federation, the prevalence of diabetes in Saudi Arabia is 18.3%, with 7 million people being diabetic and 3 million having pre-diabetes. This high prevalence of diabetes results in diabetic foot ulcers, leading to extended hospital stays and driving the market for medical disposables. Within the medical disposables market, supplies and devices designed for managing chronic diseases are expected to see high revenue growth. This includes items such as dialysis, urinary drainage, ostomy, and respiratory disorder supplies, as well as first aid kits and medical waste disposal supplies. As self-treatment becomes more popular, the demand for high value-added products with superior infection prevention protections is expected to grow. Also, advances in the quality of medical disposables are likely to improve the safety and outcome of various patient procedures in Saudi Arabia. Hence, such factors are expected to boost the expansion of Saudi Arabia medical disposables market. However, the high cost of medical disposables may limit their adoption and is anticipated to restrain the overall market growth.

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Saudi Arabia Medical Disposables Market – Overview

Medical disposables are items used in healthcare settings that are designed for one-time use and are then discarded. These items include gloves, syringes, needles, catheters, gowns, masks, and other supplies that play a critical role in preventing the spread of infection and ensuring the safety of both patients and healthcare professionals. Medical disposables are used in hospitals, clinics, doctor's offices, and other healthcare facilities, as well as in other industries where cleanliness and safety are essential, such as food service and manufacturing. Proper disposal of medical disposables is crucial for protecting the environment and preventing the spread of infection. Healthcare professionals are trained to follow specific guidelines to ensure the proper handling and disposal of medical disposables. Medical disposables have become an integral part of modern medicine, and their use is expected to continue to grow in the coming years.

Impact of COVID-19 on Saudi Arabia Medical Disposables Market

COVID-19 had both positive and negative impact on the medical disposables market in Saudi Arabia. The demand for medical disposables has surged due to the need for PPE and other medical supplies to prevent the spread of the virus. The Saudi government has taken steps to increase local production to meet the growing demand. However, the global supply chain disruption has caused a shortage of raw materials and components, leading to increased prices. Additionally, travel restrictions have affected the import and export of medical disposables, further contributing to the shortage and price increase.

Saudi Arabia Medical Disposables Market – By End User

Based on end user, Saudi Arabia medical disposables market is divided into Hospitals, Home Healthcare, and Outpatient/Primary Care Facilities segments. In 2022, the hospitals segment dominated the medical disposables market in Saudi Arabia, holding the highest revenue share and are expected to experience significant growth during the forecast period. Medical disposables are essential in hospitals as they save time and reduce healthcare-related expenses. The increase in patient admissions for surgeries and COVID-19 treatments has driven this segment's growth. Saudi Arabia has a total of 494 hospitals providing 75,225 beds, with a projected need for an additional 5,000 beds by the end of 2023 and 20,000 beds by 2035. The home healthcare segment is also expected to see rapid growth as disposable medical products like needles, syringes, and gloves are used in the home healthcare sector. Government initiatives to reduce hospital readmission costs and travel are likely to drive segment growth. Additionally, the surge in the geriatric population will drive demand for home healthcare services.

Competitive Landscape

Major players operating in Saudi Arabia medical disposables market include SABIC, Medical Disposable Manufacturing Company (MDM), ACTEST Ltd., Al Shidani Middle East L.L.C, Smith & Nephew PLC, Bayer AG, Becton Dickson and Company, 3M, Johnson & Johnson, Abbott, and Medtronic. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Medical Disposables Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Medical Disposables Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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