Tag: Outlook

Kingdom of Saudi Arabia (KSA) Medical Devices Market Outlook Report 2022-2026 – Increasing Prevalence of Chronic Diseases, Growing Healthcare Awareness and a Rising Healthcare Budget – ResearchAndMarkets.com

DUBLIN–(Company WIRE)–The “KSA Professional medical Gadgets Sector Outlook to 2026 -Pushed by Escalating Prevalence of Long-term Disorders, Growing Healthcare Recognition and Rising Healthcare Price range in the State” report has been extra to ResearchAndMarkets.com’s supplying.

“KSA Health-related Devices Outlook to 2026 supplies a detailed examination on the status of the professional medical product market place in KSA.

The report addresses numerous areas such as the latest market state of affairs in KSA, procurement and pricing developments, market possible of each health-related unit, significant advancement motorists, tech disruptions and improvements, and competitiveness benchmarking. The report concludes with current market projections for potential of the market together with forecasted marketplace size by revenue and enterprise action.

KSA Healthcare Gadget Sector Overview and Size:

KSA is the biggest medical unit market place in the Middle East area, developing at solitary digit CAGR in 2016-2021. It is a really price tag sensitive and import dependent marketplace with state-of-the-art health care units imported from international locations this kind of as US, Germany, Japan and China.

About fifty percent of locally created gadgets are one-use equipment are produced out of plastic. KSA’s raising funds allocation for the health care sector and ongoing health care progress initiatives has performed a pivotal position in the ongoing development.

KSA Health care Machine Market Segmentation:

By Procurement:

Imports have accounted for greater part of the revenue share in KSA Health-related System Marketplace in 2021. The imports are largely associated to far more subtle clinical and surgical instruments and infrastructure.

By Manner of Sales:

Distributor Mediated Product sales have accounted for the vast majority of the profits in KSA Medical Device Current market in 2021. Bulk of the intercontinental firms employ distributors in KSA for the applications of checking business enterprise opportunities, navigating import and regular tests polices, and identifying community sector profits and contract possibilities.

By Style of Healthcare Product:

Clinical Consumables have accounted for the biggest profits share in KSA Medical Units market in 2021, adopted by Diagnostic Imaging product and Cardiac Merchandise with Community & personal hospitals producing up the important conclusion end users for just about every segment/sub-segment of the business.

By Form of Healthcare Consumables:

Syringes, Needles and Catheters, Surgical Gloves and Masks and Infusion Pumps contributed sizeable share in earnings in the course of 2021. Growing prevalence of Medical center Obtained Infections (HAIs) and Covid-19 pandemic encouraged lots of area manufacturers to enter the current market for healthcare disposables.

By Style of Diagnostic Imaging Goods:

CT Scans contributed the greatest earnings share in 2021 adopted by MRI and X-Ray Based mostly Goods. Escalating prevalence of most cancers and other serious ailments and rising ageing inhabitants are driving the desire for diagnostic imaging gear in KSA.

By Sort of Cardiac Devices:

Implantable Cardioverter- Defibrillator (ICD) and Cardiac Rhythm Administration (CRM) have accounted for the big share in the KSA clinical device current market in 2021. Different specialized clinics targeted at managing cardiovascular ailments are turning out to be prevalent in KSA.

By Variety of Respiratory Products and solutions:

Oxygen Concentrators contributed optimum revenue share in 2021 owing to Covid-19 pandemic. The KSA inhabitants has substantial hazard of exposures to continual obstructive pulmonary sickness (COPD) and asthma.

By Type of Clinic Home furnishings:

Clinic Beds with Mechanical Fittings and Dentists’ Chairs contributed maximum earnings share in 2021. Escalating incidences of chronic disorders, rise in geriatric populace and developing clinic investments are top to an growing need to have for better individual-treatment and increased operational performance in KSA.

By Form of Auxiliary Products:

Listening to Aids have accounted for the major share in the KSA health care gadgets market in 2021. Growing occurrence of listening to loss of geriatric population, growing initiatives by governments and NGOs to increase consciousness about listening to loss treatment plans are elements boosting the demand from customers for listening to support equipment in KSA current market.

By Style of Dental and Orthopedic Goods:

Dental Appliances contributed the optimum earnings in 2021. The escalating prevalence of oral health conditions, an inclination toward the use of minimally invasive treatments and increase in the range of dentists are propelling the progress of the industry.

By Stop Buyers:

Hospitals contributed greatest to the sector earnings in KSA Health-related Devices Market in 2021. At the moment general public sector hospitals symbolize about far more than 75{bf0515afdcaddba073662ceb89fbb62b6b1bf123143c0e06b788e1946e8c353f} of bed ability in KSA.

By Area:

Riyadh contributed greatest to the industry income in KSA Medical Equipment Marketplace in 2021. It has just one of the finest clinic services in Middle East which are at par with international requirements.

Competitive Landscape in the KSA Health-related Market place:

The opposition situation in KSA health care units sector is moderately fragmented thanks to the existence of significant amount of intercontinental businesses and nearby distributors foremost to dilution of current market share. The global organizations distribute their goods by way of licensed distributors positioned throughout the nation.

GE, Siemens, Philips, Hill-rom, Straumann, Phonak, Stryker are the important providers functioning in the KSA Medical Gadget market. Gulf Professional medical, Mediserv, FMS, Al-Jeel Professional medical and Tamer Group are number of prime distributors in KSA. The major aggressive parameters include merchandise selling price, technological improvements, item portfolio variability, just after assistance services and internet marketing actions.

KSA Healthcare System Sector Outlook & Projections

The KSA health-related unit market is envisioned to a favourable advancement in revenue in 2026, with imports contributing greatest share to the sector revenues.

Alterations in inhabitants composition will drive future healthcare necessities and will generate desire for a range of specialisms pediatrics, life style health conditions, extensive-phrase treatment, rehabilitation, home care, and rejuvenation services.

Governing administration is setting up to devote in personal sector integration to produce successful strategic partnerships in the pursuit of nationwide wellness objectives and advertising of truthful and complete geographical protection throughout all locations of the Kingdom.

Providers Coated

  • Abbott
  • Baxter
  • B. Braun
  • Becton Dickinson (BD)
  • Boston Scientific
  • Canon
  • Cochlear
  • Drager
  • Fresenius Healthcare Care
  • Fujifilm
  • GE Health care
  • Getinge
  • Hill-Rom Holdings Inc.
  • Hitachi
  • Invacare Company
  • Johnson & Johnson
  • Medtronic
  • Nihon Kohden
  • Oticon
  • Paramount Bed Holdings
  • Philips HealthTech
  • Siemens Healthineers
  • Smith & Nephew
  • Stryker
  • Widex
  • Zimmer Biomet

Key Segments Coated

By Type of Company Action

By Manner of Advertising

  • Distributor Mediated
  • Immediate Product sales

By Type of System

  • Health-related Consumables
  • Diagnostic Imaging Products
  • Respiratory Solutions
  • Dental and Orthopedic Items
  • Cardiac Device
  • Hospital Household furniture
  • Auxiliary Units
  • Ophthalmic Units
  • Dialysis Machine
  • Some others

By Style of Health care Consumable

  • Surgical Gloves and Masks
  • Syringes, Needles and Catheters
  • Intravenous Administration Established
  • Sutures and catgut
  • Infusion Pumps
  • Ostomy
  • Bandages, Dressings and Other people

By Variety of Diagnostic Imaging Product or service

  • CT Scan
  • X-ray Centered Products and solutions
  • Ultrasound
  • MRI
  • Electro diagnostic apparatus (Practical Assessment)
  • ECG
  • Other individuals

By Type of Cardiac Unit

  • Angioplasty System
  • Cardiac Rhythm Administration
  • ICD
  • Implants
  • Pacemakers
  • Coronary heart-Lung Machines
  • Other people

By Sort of Respiratory Solutions

  • Oxygen Concentrator
  • Nebulizers
  • Humidifier
  • Ventilators
  • Airway Tension devices
  • Other people

By Kind of Healthcare facility Furnishings

  • Clinic Beds with Mechanical Fittings and Dentists’ Chairs
  • Functioning Tables
  • Examination Tables
  • Health care, surgical, dental or veterinary household furniture
  • Others

By Sort of Auxiliary Solution

  • Hearing Aids
  • Synthetic entire body parts (excluding synthetic teeth and joints)
  • Other individuals

By Form of Dental and Orthopedic Products

  • Orthopedic Appliances
  • Synthetic tooth and dental fittings
  • Dental appliances
  • Surgical Belts
  • Trusses
  • Crutches
  • Other folks

By Form of Conclusion-Users

  • Hospitals
  • Clinics
  • Labs and Other people

By Kind of Region

  • Riyahd
  • Dammam and Al Khobar
  • Jeddah
  • Al-Qassim and Aseer Province
  • Some others

Vital Focus on Viewers

  • Professional medical System Producers
  • Medical Gadget Distributors
  • Health care Device Importers
  • Study companies and consulting organizations
  • Authorities bodies these kinds of as regulating authorities and plan makers
  • Market exploration and Consulting companies

Time Interval Captured in the Report:

  • Historic Period – 2016-2021
  • Forecast Interval -2021-2026F

For more info about this report take a look at https://www.researchandmarkets.com/r/fmpaf6

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international sector analysis studies and industry knowledge. We present you with the most current details on global and regional marketplaces, vital industries, the best providers, new solutions and the latest tendencies.

Outlook on the Medical Devices Contract Research Organizations Global Market to 2035

Outlook on the Medical Devices Contract Research Organizations Global Market to 2035

Company Logo

Dublin, Dec. 19, 2022 (GLOBE NEWSWIRE) — The “Medical Devices Contract Research Organizations Market by Target Therapeutic Area, Scale of Operation, Device Class, Type of Clinical Service Offered, Type of Preclinical Service Offered, and Key Geographies: Industry Trends and Global Forecasts, 2022-2035” report has been added to ResearchAndMarkets.com’s offering.

This report features an extensive study of the current market landscape and future opportunities associated with the medical device contract research organizations market. The study also includes an in-depth analysis, highlighting the capabilities of various stakeholders engaged in this domain.

According to the World Health Organization (WHO), presently, around two million medical devices are available across the globe. Further, just over 35 medical devices received approval by the USFDA, every year. It is worth highlighting that, since 2020, the USFDA has approved around 105 medical devices.

Moreover, the medical devices are expected to capture more than 40{bf0515afdcaddba073662ceb89fbb62b6b1bf123143c0e06b788e1946e8c353f} of the global medtech industry and this value is projected to grow at a steady pace over the coming years. In this context, the number of medical device focused clinical trials have increased at a considerable rate, over the past few years.

However, only a few players engaged in this domain claim to have the technical expertise to carry out in-house clinical research. This can be attributed to the high costs associated with acquiring the required infrastructure and capabilities to carry out research in this domain.

In addition, various regulatory guidelines render medical devices subject to rigorous quality assessments, thereby, making it difficult for firms with limited finances to undertake research initiatives. Specifically, post the onset of the COVID-19 pandemic, there has been a substantial increase in the demand for medical devices as they have the ability to enable early diagnosis, as well as provide non-invasive and effective treatments.

Given the surge in demand for medical devices in the recent past, coupled to the aforementioned constraints faced by developers, a large number of small, as well as well-established, players prefer to outsource a significant share of their respective clinical operations and regulatory affairs management to contract research organizations (CROs). Since 2010, over 75 CROs have been established in this domain.

Further, in order to support the growing demand, medical device CROs have been re-evaluating and bolstering their existing capabilities to offer a wide range of services to their clients. Integration of novel technologies and tools, such as cloud computing, risk monitoring tools, real-world evidence and advanced data analytics, is another key initiative being undertaken by several CROs to distinguish themselves from their competitors.

To enable expansion of their existing capabilities, more than 55 acquisitions and / or strategic alliances have been established by service providers in this market, since 2015. Considering the prevalent trends and projected opportunity associated with the overall medical devices market, we believe that the medical devices CROs market is likely to witness consistent grow, till 2035.

The report features detailed transcripts of interviews held with the following stakeholders:

  • Lajos Sarosi (Chief Executive Officer and Co-founder, HungaroTrial)

  • Lee King (Senior Vice President, Business Development and Marketing)

  • Christopher Rupp (Vice President of Global Marketing and Commercial Operations, NAMSA)

  • Claus Hemiker (Head, Business Development)

  • Christian Wolflehner (General Manager, CW Research & Management)

  • Troy W. Mccall (Chief Commercial Officer, CROMSOURCE)

  • Nazish Urooj (Senior manager, Medical & Clinical Operations, Metrics Research)

  • C. Omprakash (Technical Director and Partner, Vyomus Consulting)

  • Tania Persson (Director of Business Development, A+ Science)

  • Alexa Foltin-Mertgen (Business Development Manager, AtoZ-CRO)

All actual figures have been sourced and analyzed from publicly available information forums and primary research discussions. Financial figures mentioned in this report are in USD, unless otherwise specified.

Key Questions Answered

  • Who are the key players engaged in offering contract research services for medical devices?

  • Which regions represent the key contract research hubs for medical devices?

  • What are the key regulatory guidelines, related to medical devices that have been established across various geographies?

  • What are the key value drivers of the merger and acquisition activity observed within this domain?

  • What percentage of the medical devices research operations are presently outsourced?

  • What are the likely future trends in contract research services market for medical devices?

  • How is the current and future opportunity likely to be distributed across key market segments?

  • What is the total cost of ownership required to set up a medical device contract research organization?

Key Topics Covered:

1. PREFACE

2. EXECUTIVE SUMMARY

3. INTRODUCTION
3.1. Chapter Overview
3.2. Overview of Medical Devices
3.2.1. Historical Evolution of Medical Devices
3.2.2. Classification of Medical Devices
3.3. Overview of Contract Research Organizations (CROs)
3.3.1. Evolution of CROs
3.4. Role of CROs in the Medical Device Industry
3.5. Types of Medical Device CROs
3.6. Types of Services Offered by CROs
3.7. Advantages of Outsourcing Operations to CROs
3.8. Risks and Challenges Associated with Outsourcing
3.9. Key Considerations While Selecting a Suitable CRO Partner

4. MARKET LANDSCAPE
4.1. Chapter Overview
4.2. Medical Device CROs: Clinical Service Providers
4.2.1. Analysis by Year of Establishment
4.2.2. Analysis by Company Size
4.2.3. Analysis by Location of Headquarters
4.2.4. Analysis by Company Size and Location of Headquarters
4.2.5. Analysis by Area of Specialization
4.2.6. Analysis by Device Class
4.2.7. Analysis by Type of Clinical Operation Service Offered
4.2.8. Analysis by Type of Regulatory Affairs-related Service Offered
4.2.9. Analysis by Type of Additional Service Offered
4.2.10. Analysis by Medical Device Regulatory Compliance Authority
4.3. Medical Device CROs: Preclinical Service Providers
4.3.1. Analysis by Year of Establishment
4.3.2. Analysis by Company Size
4.3.3. Analysis by Location of Headquarters
4.3.4. Analysis by Company Size and Location of Headquarters
4.3.5. Analysis by Type of Preclinical Service Offered
4.4. Medical Device CROs: Standalone Service Providers
4.4.1. Analysis by Year of Establishment
4.4.2. Analysis by Company Size
4.4.3. Analysis by Location of Headquarters
4.4.4. Analysis by Company Size and Location of Headquarters

5. REGULATORY AND REIMBURSEMENT LANDSCAPE FOR MEDICAL DEVICES
5.1. Chapter Overview
5.2. General Regulatory and Reimbursement Guidelines for Medical Devices
5.3. Regulatory and Reimbursement Landscape in North America
5.4. Regulatory and Reimbursement Landscape in Europe
5.5. Regulatory and Reimbursement Landscape in Asia-Pacific and Rest of the World
5.6. Comparison of Regional Regulatory Control
5.7. Concluding Remarks

6. COMPANY PROFILES
6.1. Chapter Overview
6.2. Avania (Formerly known as Factory CRO)
6.2.1. Company Overview
6.2.2. Service Portfolio
6.2.3. Recent Developments and Future Outlook
6.3. Charles River Laboratories
6.3.1. Company Overview
6.3.2. Service Portfolio
6.3.3. Recent Developments and Future Outlook
6.4. CROMSOURCE
6.4.1. Company Overview
6.4.2. Service Portfolio
6.4.3. Recent Developments and Future Outlook
6.5. CSSi LifeSciences
6.5.1. Company Overview
6.5.2. Service Portfolio
6.5.3. Recent Developments and Future Outlook
6.6. Eurofins Medical Device Testing
6.6.1. Company Overview
6.6.2. Service Portfolio
6.6.3. Recent Developments and Future Outlook
6.7. IQVIA
6.7.1. Company Overview
6.7.2. Service Portfolio
6.7.3. Recent Developments and Future Outlook
6.8. Medpace
6.8.1. Company Overview
6.8.2. Service Portfolio
6.8.3. Recent Developments and Future Outlook
6.9. NAMSA
6.9.1. Company Overview
6.9.2. Service Portfolio
6.9.3. Recent Developments and Future Outlook
6.10. Qserve Group
6.10.1. Company Overview
6.10.2. Service Portfolio
6.10.3. Recent Developments and Future Outlook
6.11. WuXi AppTec
6.11.1. Company Overview
6.11.2. Service Portfolio
6.11.3. Recent Developments and Future Outlook

7. MEDICAL DEVICE DEVELOPER AND CRO RELATIONSHIPS: KEY VALUE DRIVERS AND PERFORMANCE INDICATORS
7.1. Chapter Overview
7.2. Definition and Importance of Key Performance Indicators (KPIs)
7.3. Key Considerations for Selection of KPIs
7.4. Types of KPIs
7.5. Comparison of Key Performance Indicators
7.6. Concluding Remarks

8. COMPETITIVE BENCHMARKING
8.1. Chapter Overview
8.2. Assumptions and Methodology
8.3. Competitive Benchmarking by Region
8.4. Concluding Remarks

9. BRAND POSITIONING OF KEY INDUSTRY PLAYERS
9.1. Chapter Overview
9.2. Scope and Methodology
9.3. Brand Positioning Matrix: Labcorp
9.4. Brand Positioning Matrix: IQVIA
9.5. Brand Positioning Matrix: Syneos Health
9.6. Brand Positioning Matrix: PPD
9.7. Brand Positioning Matrix: ICON
9.8. Brand Positioning Matrix: Charles River Laboratories
9.9. Brand Positioning Matrix: WuXi AppTec
9.10. Brand Positioning Matrix: Medpace

10. CLINICAL TRIAL ANALYSIS
10.1. Chapter Overview
10.2. Scope and Methodology
10.3. Medical Devices: Clinical Trial Analysis
10.4. Medical Devices: Analysis by Enrolled Patient Population

11. MERGERS AND ACQUISITIONS
11.1. Chapter Overview
11.2. Merger and Acquisition Models
11.3. Medical Device CROs: Mergers and Acquisitions

12. TOTAL COST OF OWNERSHIP IN MEDICAL DEVICES CONTRACT RESEARCH ORGANIZATION
12.1. Chapter Overview
12.2. Assumptions and Methodology
12.3. Expenditures Incurred by a Medical Device Contract Research Organization
12.4. Total Cost of Ownership of Medical Devices Contract Research Organizations, 2022-2042
12.5. Total Cost of Ownership of Medical Devices Contract Research Organizations: Analysis by CAPEX and OPEX Costs, 2022 and 2042
12.6. Concluding Remarks

13. SURVEY INSIGHTS
13.1. Chapter Overview
13.2. Designation of Respondents
13.3. Types of Services Offered
13.4. Target Therapeutic Area
13.5. Average Number of Annual Projects
13.6. Market Opportunity

14. MARKET SIZING AND OPPORTUNITY ANALYSIS

15. SWOT ANALYSIS

16. FUTURE TRENDS AND OPPORTUNITIES

17. INTERVIEW TRANSCRIPTS

18. APPENDIX 1: TABULATED DATA

19. APPENDIX 2: LIST OF COMPANIES AND ORGANIZATIONS

For more information about this report visit https://www.researchandmarkets.com/r/p3pds0

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900