Saudi Arabia Hospital Supplies Market Segmented by Durables, Disposables and Reusables Growth, Trends and Forecasts 2018 2023 [Report Updated: 08022018] Prices from USD $1920

21:55 EDT 13 Jul 2018 | BioPortfolio Reports

The Saudi Arabia hospital supplies market is estimated to register a CAGR of approximately 7% during the forecast period, 2018 to 2023. Hospital medical equipment and supplies include various devices, tools, instruments, and medical consumables that are used in hospitals and healthcare establishments.

Increasing Awareness about HospitalAcquired Infections HAIs

The rise in incidences of infections and growing antimicrobial resistance in pathogens of infection have made hospitalacquired infections more serious than ever. Earlier, in Saudi Arabia, there were no training programs for healthcare workers on hospitalacquired infections. This was critical as improper handling of drugs and test specimens by healthcare workers is recognized as the major cause of propagation of infections in a healthcare setting. With proper knowledge and training, healthcare workers can help in reducing incidences related to hospitalacquired infections. To increase the awareness about HAIs, the government has also undertaken initiatives to educate the general public through various campaigns. Overall, with increased awareness about HAIs, the hospital supplies will be used prudently and that will drive the market growth.

Apart from growing awareness about HAIs, the growth of the hospital supplies market in Saudi Arabia is expected to be driven by high unmet medical needs, growth in number of hospitals, and increasing incidences of communal diseases.

Emergence of Home Care Services

Home care services are on a rise in Saudi Arabia. For the disorders that are related to old age, the most costeffective option is that of home care. A home care setting ensures that the patients and their family members are in proximity to each other. Also, the healthcare cost in a home care setting is much lower compared to hospital stay. Therefore, with the emerging interest in home care services, the hospital supplies market will face restraints as more patients will opt for homebased setting for palliative care, instead of going for a hospital stay. Other factors, like decline in private health insurance, increasing dependency on imports, and stringent regulatory policies involving procurement, use and disposal of hospital supplies are expected to impede the market growth.

Key Developments in the Market

January 2018: Agilent Technologies acquired Luxcel Biosciences. It is a developer of realtime fluorescence platereade based invitro cell assay kits.

October 2017: Abbott completed acquisition of Alere Inc. It is a global manufacturer of rapid pointofcare diagnostic tests.

July 2017: Agilent Technologies acquired molecular and sample barcoding patent portfolios of Population Genetics Technologies.


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Original Article: Saudi Arabia Hospital Supplies Market Segmented by Durables, Disposables and Reusables Growth, Trends and Forecasts 2018 2023 [Report Updated: 08022018] Prices from USD $1920


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