Report Overview
The growing healthcare infrastructure and increasing government support are expected to boost the growth of Saudi Arabia Medical Vacuum System Market during the forecast period between 2024 and 2030.
Saudi Arabia Medical Vacuum System Market - Industry Trends & Forecast Report, 2030
The Saudi Arabia Medical Vacuum System Market size was estimated to be worth USD 89.21 million in 2023. During the forecast period between 2024 and 2030, the Saudi Arabia Medical Vacuum System Market size is projected to grow at a CAGR of 7.23%, reaching a value of USD 102.65 million by 2030. Major growth factors for the Saudi Arabia Medical Vacuum System Market include the increasing number of surgical procedures and diagnostic imaging procedures along with technological advancements in the medical devices industry. Additionally, stringent government regulations that mandate the use of vacuum systems are anticipated to drive the Saudi Arabia Medical Vacuum System Market over the forecast period.
Medical Vacuum System - Overview
Medical vacuums are used to aspirate waste out of patients' airways and ensure the surgical drainage of pleural or pericardial effusions. A vacuum is a useful tool in acute care, anesthesia, and surgery. A central vacuum system is linked to the suction 'outlets' located in operating rooms and patient rooms. It functions by creating a negative pressure or vacuum, which pulls liquids or other materials into a reservoir or container for collection. Medical vacuums are essential in many medical operations and environments, including wound care, respiratory treatment, and surgery.
Saudi Arabia Medical Vacuum System Market
Growth Drivers
Rising Investment in Healthcare Infrastructure
Saudi Arabia has been increasingly focusing on boosting the healthcare infrastructure across the Kingdom under its economic diversification and Vision 2030 and plans to invest more than USD 65 billion in the sector. Additionally, the government intends to increase the private sector's participation from 40% to 65%, according to the International Trade Administration. The increasing number of hospitals and rising investments in the adoption of advanced and high-tech medical equipment are anticipated to boost the demand for medical vacuum systems in Saudi Arabia during the period in analysis.
Challenges
High Dependence on Imports for Medical Vacuum
Saudi Arabia's economy is mostly oil-based and therefore has limited scope for the manufacture of advanced medical equipment, such as medical vacuum systems. As a result, the country has to depend on imports to meet the growing demand for these systems in the healthcare sector. The cost of procuring medical vacuum systems from other countries directly impacts its cost and may limit its growth in the Saudi Arabia market.
Saudi Arabia Medical Vacuum System Market
Segmental Coverage
Saudi Arabia Medical Vacuum System Market - By Product Type
Based on product type, the Saudi Arabia Medical Vacuum System Market is segmented into standalone vacuum systems, centralized vacuum systems, portable and compact vacuum systems, and accessories. The standalone vacuum system accounts for the highest market share owing to the rising demand for these systems among dental clinics and research labs.
Saudi Arabia Medical Vacuum System Market - By Technology
Based on technology, the Saudi Arabia Medical Vacuum System Market is segmented into oil-sealed rotary vane technology, dry rotary vane technology, dry claw pump technology, oil-sealed liquid ring technology, and water-sealed liquid ring technology. The oil-sealed rotary vane technology segment holds the largest share in the Saudi Arabia healthcare infrastructure. While they require more upkeep than oil-less technology, the oil-sealed rotary vane technology pumps operate silently.
Saudi Arabia Medical Vacuum System Market - By End User
Based on end user, the Saudi Arabia Medical Vacuum System Market is segmented into hospitals, surgical centers, ambulatory care centers, pharmaceutical & biotechnology manufacturers, diagnostic laboratories, and research laboratories & academic institutes. The hospitals, surgical centers, and ambulatory care centers segment dominates the Saudi Arabia Medical Vacuum System Market by end user. The increasing rate of target procedures performed in the Kingdom is directly fueling the demand for vacuum systems in the country. Furthermore, rising investment in the healthcare sector is anticipated to proliferate market growth over the forecast period.
Competitive Landscape
Major players operating in the Saudi Arabia Medical Vacuum System Market include Drager, Air Techniques, Atlas Copco AB, Busch Group, Medicop, Olympus Corporation, KNF Group, and BeaconMedaes.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
By Product Type
Standalone Vacuum Systems
Centralized Vacuum Systems
Portable And Compact Vacuum Systems
Accessories
By Technology
Oil-Sealed Rotary Vane Technology
Dry Rotary Vane Technology
Dry Claw Pump Technology
Oil-Sealed Liquid Ring Technology
Water-Sealed Liquid Ring Technology
By Application
Pharma-Biotech Manufacturing
Therapeutic Applications
Diagnostic Applications
Research Applications
By End User
Hospitals, Surgical Centers, and Ambulatory Care Centers
Pharmaceutical & Biotechnology Manufacturers
Diagnostic Laboratories
Research Laboratories & Academic Institutes