Market Forecast By Type (Diagnostic Ultrasound Systems, Therapeutic Ultrasound Systems), By Device Display (Color Ultrasound Devices, Black & White (B/W) Ultrasound Devices), By Device Portabilty (Trolley/Cart-Based Ultrasound Devices, Compact/Handheld Ultrasound Devices), By Application (Radiology/General Imaging, Obstetrics/Gynaecology, Cardiology, Urology, Vascular, Others) And Competitive Landscape
Product Code: ETC062818 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Ultrasound Devices market currently, in 2023, has witnessed an HHI of 2170, Which has decreased slightly as compared to the HHI of 2880 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Saudi Arabia Ultrasound Devices Market Report thoroughly covers the market by type, device display, device portability, and application. The Saudi Arabia Ultrasound Devices Market Outlook report provides an unbiased and detailed analysis of the ongoing Saudi Arabia Ultrasound Devices Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
Saudi Arabia Ultrasound Devices Market has been progressing faster and is projected to attain major success in the future on the back of the rising demand for non-invasive imaging devices, and rising government initiatives. The market is also facing some hindrances which it will overcome in the near future.
According to 6Wresearch, the Saudi Arabia Ultrasound Devices Market size is anticipated to expand at a CAGR of 10% during 2024-2030. The Saudi Arabia ultrasound devices market is primarily driven by the increasing demand for non-invasive imaging devices. Ultrasound devices are non-invasive, safe, and relatively inexpensive, which makes them an ideal choice for diagnosing various medical conditions. Furthermore, increasing government initiatives for the adoption of healthcare technology is also driving the demand for ultrasound devices. The Saudi Arabian healthcare sector is undergoing significant transformation, and ultrasound devices are expected to play a crucial role in this transformation. These factors are leading to the Saudi Arabia Ultrasound Devices Market Growth.
However, the Saudi Arabia ultrasound devices market is not without its challenges. One of the major challenges faced by the market is the lack of skilled professionals. Ultrasound devices require skilled healthcare professionals to operate them and interpret the results, and the shortage of such professionals is hindering the market’s growth. Additionally, the lack of adequate infrastructure and high cost of ultrasound devices are also limiting the growth of the market.
The Saudi Arabia ultrasound devices market is highly competitive and is dominated by several global and local players. Some of the key players operating in the market are GE Healthcare, Philips Healthcare, Siemens Healthineers, Samsung Medison, and Mindray. These players are continuously investing in research and development to introduce innovative products and maintain their market position.
The Saudi Arabian government is taking several initiatives to drive the growth of the healthcare sector and adopt healthcare technology. The Vision 2030 initiative launched by the Saudi Arabian government aims to transform the country’s healthcare sector and provide world-class healthcare services to its citizens. Furthermore, the government is also focusing on increasing the number of healthcare professionals and developing advanced healthcare infrastructure across the country.
According to Ravi Bhandari, Research Head, 6Wresearch, diagnostic ultrasound systems continue to dominate the Saudi Arabia ultrasound market by type. Diagnostic ultrasounds account for a significant share of the country's healthcare expenditure, mainly due to the high prevalence of chronic diseases and the increasing count of geriatric populations.
Key Highlights of the Report
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Ultrasound Devices Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Ultrasound Devices Market Revenues & Volume, 2020 & 2030F |
3.3 Saudi Arabia Ultrasound Devices Market - Industry Life Cycle |
3.4 Saudi Arabia Ultrasound Devices Market - Porter's Five Forces |
3.5 Saudi Arabia Ultrasound Devices Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Saudi Arabia Ultrasound Devices Market Revenues & Volume Share, By Device Display, 2020 & 2030F |
3.7 Saudi Arabia Ultrasound Devices Market Revenues & Volume Share, By Device Portabilty, 2020 & 2030F |
3.8 Saudi Arabia Ultrasound Devices Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Saudi Arabia Ultrasound Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Ultrasound Devices Market Trends |
6 Saudi Arabia Ultrasound Devices Market, By Types |
6.1 Saudi Arabia Ultrasound Devices Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Ultrasound Devices Market Revenues & Volume, By Type, 2020 - 2030F |
6.1.3 Saudi Arabia Ultrasound Devices Market Revenues & Volume, By Diagnostic Ultrasound Systems, 2020 - 2030F |
6.1.4 Saudi Arabia Ultrasound Devices Market Revenues & Volume, By Therapeutic Ultrasound Systems, 2020 - 2030F |
6.2 Saudi Arabia Ultrasound Devices Market, By Device Display |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Ultrasound Devices Market Revenues & Volume, By Color Ultrasound Devices, 2020 - 2030F |
6.2.3 Saudi Arabia Ultrasound Devices Market Revenues & Volume, By Black & White (B/W) Ultrasound Devices, 2020 - 2030F |
6.3 Saudi Arabia Ultrasound Devices Market, By Device Portabilty |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Ultrasound Devices Market Revenues & Volume, By Trolley/Cart-Based Ultrasound Devices, 2020 - 2030F |
6.3.3 Saudi Arabia Ultrasound Devices Market Revenues & Volume, By Compact/Handheld Ultrasound Devices, 2020 - 2030F |
6.4 Saudi Arabia Ultrasound Devices Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Saudi Arabia Ultrasound Devices Market Revenues & Volume, By Radiology/General Imaging, 2020 - 2030F |
6.4.3 Saudi Arabia Ultrasound Devices Market Revenues & Volume, By Obstetrics/Gynaecology, 2020 - 2030F |
6.4.4 Saudi Arabia Ultrasound Devices Market Revenues & Volume, By Cardiology, 2020 - 2030F |
6.4.5 Saudi Arabia Ultrasound Devices Market Revenues & Volume, By Urology, 2020 - 2030F |
6.4.6 Saudi Arabia Ultrasound Devices Market Revenues & Volume, By Vascular, 2020 - 2030F |
6.4.7 Saudi Arabia Ultrasound Devices Market Revenues & Volume, By Others, 2020 - 2030F |
7 Saudi Arabia Ultrasound Devices Market Import-Export Trade Statistics |
7.1 Saudi Arabia Ultrasound Devices Market Export to Major Countries |
7.2 Saudi Arabia Ultrasound Devices Market Imports from Major Countries |
8 Saudi Arabia Ultrasound Devices Market Key Performance Indicators |
9 Saudi Arabia Ultrasound Devices Market - Opportunity Assessment |
9.1 Saudi Arabia Ultrasound Devices Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Saudi Arabia Ultrasound Devices Market Opportunity Assessment, By Device Display, 2020 & 2030F |
9.3 Saudi Arabia Ultrasound Devices Market Opportunity Assessment, By Device Portabilty, 2020 & 2030F |
9.4 Saudi Arabia Ultrasound Devices Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Saudi Arabia Ultrasound Devices Market - Competitive Landscape |
10.1 Saudi Arabia Ultrasound Devices Market Revenue Share, By Companies, 2023 |
10.2 Saudi Arabia Ultrasound Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |