The rise in demand for medical gases from hospitals is owing to increasing chronic diseases, which is spurring the growth of Saudi Arabia medical gases market.
According to TechSci Research report, “Saudi Arabia Medical Gases Market – By Region, Forecast & Opportunities, 2017-2027”, the Saudi Arabia medical gases market stood at USD 393.85 million in 2021 and is anticipated to reach USD 629.51 million by 2027. This can be attributed to the prevalence of chronic diseases, necessitating the use of medical gases at various stages of disease management and control.
The Saudi government is investing heavily in hospital infrastructure throughout the country. Saudi Arabia's medical gas market will continue to expand, not only in hospitals and clinics, but also in other areas such as industrial, food, and chemical sectors. Linde Plc oversees long-term supplies of carbon monoxide, hydrogen, and ammonia. The growing aging population, which is predisposed to chronic conditions, is expected to have an indirect impact. Medical oxygen is typically prescribed by healthcare practitioners to patients who are admitted due to a chronic illness or who are undergoing a surgical procedure due to any type of chronic disease. This, in turn, is expected to boost the share of the Saudi Arabia medical gases market. Therefore, manufacturers in the medical gases market are advised to concentrate on the medical gases segment in order to ensure proper supply of medical gases to hospitals and other areas of usage.
Browse over 21 market data Figures spread through 84 Pages and an in-depth TOC on "SAUDI ARABIA MEDICAL GASES MARKET"
The Saudi Arabia medical gases market is segmented into type, application, end-user, region, and by company. Based on type, the market can be split into pure gases and gas mixtures. Pure gases held the largest market share of around 73.58% in 2021. This can be attributed to the prevalence of respiratory problems such as asthma, bronchiolitis, and lower respiratory tract infections including Chronic Obstructive Pulmonary Disease (COPD), which is quite high, necessitating the use of various medical gases during treatment. Long-term use of oxygen may help relieve the strain on the heart and aid in the prevention of pulmonary artery hypertension.
Based on application, the market is divided into therapeutic and diagnostics. The therapeutic-based application dominated the market in 2021 and is anticipated to maintain its dominance during the forecast period. This is because gases used for therapeutic purposes are used for the treatment of various diseases including respiratory diseases. During labor and childbirth, nitrous oxide and oxygen blends provide effective pain relief. After the baby is born, nitric oxide is used as a therapeutic inhalant to provide respiratory support for newborns. Nitrous oxide has applications outside of the respiratory system; when used in liquid form, it is an essential component in cryotherapy.
Based on end user, the market is bifurcated into hospitals & clinics, ambulatory care centers, homecare, and Others. Hospitals & clinics accounted for the largest market share in the Saudi Arabia medical gases market, due to majority of surgeries, emergency responses, and intensive care offered in hospitals. Therefore, demand for medical gases is high in this segment. Furthermore, large patient pool in the hospitals and clinics led to the dominant share of the segment in 2021 and the trend is likely to continue through 2027.
The leading companies operating in the Saudi Arabia medical gases market are:
- Linde Saudi Industrial Gas Company (SIGAS)
- Air Products and Chemicals, Inc
- Gulf Cryo Saudi for Industrial & Medical Gases
- VitalAire Saudi Arabia.
- Southern Gas Company
- Jubail Gas Plant Co. Ltd
- Jacko Gases Company
- Abdullah Hashim Gas
- Aldakheel Industrial Gases Plant (DIGAS)
- Barrak Industrial Gases Factory
Saudi Arabia medical gases market is a highly consolidated market with few established companies holding significant share in the industry followed by several stand-alone diagnostic labs players. However, the market is also dependent on medical tourism, especially from Western Countries.
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“Various companies operating in Saudi Arabia industrial gases and oil & gas industry are focusing to make an entry into the medical gases space. The COVID-19 pandemic has clearly illustrated the importance of medical gases, particularly medical oxygen across the healthcare industry, thereby attracting new players. For instance, AIRTEC Group which operates as Watan Industrial Gas Company in Saudi Arabia is expanding itself to the medical gases industry. The company is one of the key players operating in industrial gases market in Saudi Arabia and is now exploring opportunities in medical gases, particularly oxygen and nitrogen. Additionally, the advancements in medical gas handling equipment have proved a constant boost in the market in the upcoming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Saudi Arabia Medical Gases Market by Type (Pure Gases v/s Gas Mixtures), By Application (Therapeutic v/s Diagnostics), By End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare, Others), By Region, Competition, Forecast & Opportunities, 2017-2027F”, has evaluated the future growth potential of Saudi Arabia medical gases 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 medical gases market.
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Market Highlights: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.
The market involves two segments one high-tech devices with extreme sophistication and another is the low tech improved devices.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/2801The high tech segment such as diagnostic imaging devices is witnessing higher rates of growth.
The low tech segment is also growing at a good rate but has witnessed growth in developing regions as the market for these in developed regions is stagnant.
The other market driving factors are rising public healthcare expenditure in Saudi Arabia, development of large hospitals such as King Faisal hospital in Riyadh, demand for noninvasive therapy 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 Saudi Arabia, the interference Sharia courts etc.Saudi Arabia Medical Devices Market:The Saudi Arabia Medical Devices market has been evaluated as a growing market and it is expected that the market will touch high growth figures in future.
The falling crude oil revenues will be a future threat to the market.The major participants of this market are: 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.Regional Analysis:The healthcare sector of Saudi Arabia is divided between private and state.
Local manufacturing represents a poor outlook which is limited to consumables and ordinary articles.
