Overview
Saudi Arabia is the leading market for medical devices in the Middle East and North Africa (MENA) region, with a market value of SAR 20 billion in 2020 and a projected CAGR of 5.5%, representing 17% of the total MENA market. The rapid expansion and transformation of Saudi healthcare services is expected to drive demand for medical devices, which is projected to reach SAR 34 billion by 2030
Saudi Arabia’s proximity to other MENA countries and its well-developed logistics infrastructure make it an ideal hub for medical devices manufacturing in the region. The Arab Free Trade Agreement (GAFTA) will facilitate access to these markets for Saudi manufacturers, and the country’s strong reputation for quality products will help to boost penetration into regional and international markets.
The availability of essential value chain industries such as electronics, plastics, and packaging in Saudi Arabia is another key factor that will support the competitiveness of domestically manufactured medical devices
Medical devices essential to achieve the target of 30 M Pilgrims
Saudi population expected to reach 39.4 M in 2030
Overall, Saudi Arabia is well-positioned to capitalize on the growing demand for medical devices in the MENA region which is above the international average (7%). The country’s large domestic market, favorable geographic location, and supportive government policies create a conducive environment for medical devices manufacturers..
Market
2021
20 B
Impact by
2035
20 B GDP (cumulative)
14.9 K JOBS (direct & indirect)
We are Available
For more information and inquiries please contact us
