Saudi Arabia Ultrasound Market
is expected to grow at a steady rate during the forecast period. Technological
advancements to upgrade the existing infrastructure and for innovations in
field of diagnostic & therapeutic ultrasound imaging is fostering the ultrasound
market growth in Saudi Arabia. Facility to avail reimbursements for diagnostic
ultrasound procedures is driving the ultrasound market in Saudi Arabia.
Increasing prevalence of target diseases which requires ultrasound imaging is
on rise. Ultrasound technology is widely used in healthcare for diagnostic
purposes. It is a non-invasive imaging technique that uses high-frequency sound
waves to create images of internal organs and tissues. Ultrasound imaging is
safe and painless, making it a preferred option for many medical professionals.
Additionally, ultrasound imaging is cost-effective in nature and provides the
benefit of early diagnosis of diseases which is a major driver for rising
demand of ultrasound systems in Saudi Arabia. Increase in life expectancy and
decrease in fertility rate is resulting in a greater number of people living
for years which is contributing to need for availing ultrasound procedures for
ensuring sound health of the residents.
Diagnostic ultrasound consists
of 2D, 3D/4D and doppler ultrasound. It is also known as sonography and
captures image of internal body organs while therapeutic ultrasound is
generally used to reduce pain and induce deep heating into the soft muscles for
healing process. Therapeutic ultrasound comprises of focused ultrasound and
shockwave lithotripsy, among others. Upon technological analysis, diagnostic
ultrasound is expected to hold major market share in the forecast period,
2024-2028 due to high demand in determining women’s health and predict fetus condition
inside the body. Advents in technology to increase efficiency of the ultrasound
equipment is influencing the ultrasound market in Saudi Arabia.
Rising Prevalence of Chronic
Diseases
Chronic disease refers to the
long-term health disturbance that can be due to noncommunicable disease (NCDs).
In Saudi Arabia, hypertension, diabetes, obesity, heart diseases, and asthma
are reported as the common chronic diseases. According to some research
studies, in Saudi Arabia, NCDs are responsible for 73% of all deaths.
Cardiovascular diseases are the leading cause of chronic deaths, accounting for
37% of total deaths, followed by cancer at 10%, then diabetes at 3%,
respiratory diseases at 3% and other NCDs at 20%. The Saudi Arabia
Government put forward some public health roles by empowering the community
health and taking action to promote health and facing the threats. The
objectives of health law in the Kingdom of Saudi Arabia provides health care
for all people within the country. The Saudi Ministry of Health (MoH) provides
an integrated network of health-care services covering all regions of the
Kingdom. The MoH in Saudi Arabia developed a plan to improve health information
system (HIS) within all health-care organizations and facilities.
However, According to Global Cancer Observatory, in 2020, around 27,885
new cancer cases were reported in Saudi Arabia. Breast Cancer,
Thyroid Cancer, Colorectum Cancer, Prostate Cancer and Leukemia Cancer were the
most prevalent types of cancer cases reported in 2020. Therefore, the
rising prevalence boost the growth of the Saudi Arabia ultrasound market.
Growing Awareness amongst
Competitive Market Players
Several market players in the
Saudi Arabia Ultrasound market start working on the development of
technologically ultrasound system for best patient care and assistance. These
market players hold larger shares of the market than the new market players.
With the evolving technology, it is appropriate to say that the effective
research and development of the technologically advanced systems and methods to
satisfy consumer demands would support the market growth and benefit the market
players as well as the consumers. New market players may focus on the research
and development to provide such products and services that satisfies the
consumer demand as well as benefits the market players in building their brand
value. Other competitive strategies include mergers & acquisitions and new
product developments results in boosting the growth of Saudi Arabia Ultrasound
market. Companies may form strategic partnerships with other players in the
industry to expand their market reach and gain access to new technologies and
expertise. This may include partnerships with hospitals, clinics, and medical
device manufacturers to co-develop new ultrasound products or services.
Technological Advancements
The rapid advancements in
research and development (R&D) activities are propelling the growth of the
market as new equipments and new products are developing for the treatment of
chronic diseases. Ultrasound is an imaging test and uses sound waves to analyze
vital body organs covering heart, kidney, gallbladder, liver, pancreas, and
other significant organs. The use of ultrasound imaging is more effective than
the other imaging techniques due to its affordable nature and utilizes time in
an efficient way. Also, ultrasound process does not use any kind of radiation
and gives accurate results. Introduction of new products in field of ultrasound
system market is paving the way for business opportunities by major players in
Saudi Arabia. The early diagnosis due to these ultrasound equipments, also
boosts the growth of the Saudi Arabia Ultrasound market. Patients and
healthcare providers are increasingly opting for non-surgical and non-invasive
procedures to reduce the risks associated with invasive procedures. Ultrasound
imaging is a non-invasive technique that provides real-time images of internal
organs and tissues without the need for incisions or anesthesia. The market has
also benefited from technological advancements in ultrasound devices, such as
the introduction of 3D and 4D ultrasound imaging and portable ultrasound
machines.
Growing Healthcare Expenditure
The demand for healthcare in
Kingdom of Saudi Arabia (KSA) has continued to rise, and this has been
witnessed by the increasing healthcare budget and healthcare investment made
over the past 10 years. KSA accounts for 60 %of the Gulf Cooperation Council
(GCC) countries’ healthcare expenditure, and the sector remains a top priority
for the KSA Government. According to Trade Government, in 2022, the government
have spent USD 36.8 billion on healthcare and social development upto 14.4 % of
its 2022 budget. Additionally, with life expectancy in KSA projected to
increase from 76.4 to 81.8 years by 2050, and the Kingdom’s population expected
to grow from 34.3 million in 2019 to 39.4 million by 2030, increased investment
in infrastructure and innovation is expected to drive strong growth in the
Kingdom’s healthcare sector.
To gain awareness for healthcare
products and services, a programme namely “The Health Sector Transformation”
was launched in 2022, aims to ensure the continued development of healthcare
services in the Kingdom by restructuring the health sector to be a
comprehensive, effective and integrated health system that is based on the
health of the individual and society. The programme depends on the principle of
value-based care, which ensures transparency and financial sustainability by
promoting public health and preventing diseases and applying the new model of
care related to disease prevention. All these initiatives contribute to the
growth of Saudi Arabia Ultrasound Market.
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Market Segmentation
Saudi Arabia Ultrasound Market
is segmented based on technology, display type, mobility, application, end
user, region, and company. Based on technology, market is further bifurcated
into diagnostic ultrasound and therapeutic ultrasound. Based on display type,
the market is further segmented into black & white and colored. Based on
mobility, the market is segmented into fixed and mobile. Based on application,
the market is bifurcated into general imaging, obstetrics/gynecology,
cardiology, urology, orthopedic & musculoskeletal, and others. Based on end
user, the market is segmented into hospitals & clinics, diagnostic centers,
ambulatory care centers, and others.
Market Players
The major players operating on
the ultrasound market are GE Healthcare, Bioventus, Mindray Saudi Arabia,
Siemens Ltd., Saudi Arabia, Philips Healthcare Saudi Arabia Ltd., Hitachi Medical
Systems Saudi Arabia, Gulf Medical Co Ltd (Medistim), Shimadzu Middle East
& Africa FZE, Hologic, Inc., Fujifilm-Middle East, and others. Major
companies are developing advanced technologies and launching new services to
stay competitive in the market. Other competitive strategies include mergers
& acquisitions and new service developments.
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Attribute
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Details
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Base Year
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2022
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Historical Data
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2018 – 2022
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F
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Report coverage
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Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and
trends
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Segments covered
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Technology
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Display Type
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Mobility
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Application
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End User
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Region
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Company
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Regional scope
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Western Region, Northern & Central Region, Eastern Region,
Southern Region
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Key companies profiled
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GE Healthcare, Bioventus, Mindray Saudi
Arabia, Siemens Ltd., Saudi Arabia, Philips Healthcare Saudi Arabia Ltd,
Hitachi Medical Systems Saudi Arabia, Gulf Medical Co Ltd (Medistim),
Shimadzu Middle East & Africa FZE, Hologic, Inc., Fujifilm-Middle East
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, Saudi Arabia
Ultrasound Market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Saudi Arabia Ultrasound Market, By
Technology:
- Diagnostic Ultrasound
- Therapeutic Ultrasound
- Saudi Arabia Ultrasound Market, By
Display Type:
- Saudi Arabia Ultrasound Market, By
Mobility:
- Saudi Arabia Ultrasound Market, By
Application:
- General Imaging
- Obstetrics/Gynecology
- Cardiology
- Urology
- Orthopedic &
Musculoskeletal
- Others
- Saudi Arabia Ultrasound Market, By End
User:
- Hospitals & Clinics
- Diagnostic Centers
- Ambulatory Care Centers
- Others
- Saudi Arabia Ultrasound Market, By
Region:
- Western Region
- Northern & Central
Region
- Eastern Region
- Southern Region
Competitive Landscape
Company Profiles: Detailed
analysis of the major companies present in Saudi Arabia Ultrasound Market.
Available Customizations:
With the given market data,
TechSci Research offers customizations according to a company’s specific needs.
The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Saudi Arabia Ultrasound market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]