Uploaded on Jun 27, 2022
Saudi Arabia Medical Devices Market is anticipated to grow at a significant CAGR during the forecast period. The growth can be attributed to the technological advances leading to new product developments and increasing expenditure by the Saudi government for upgrading medical infrastructure in the country. Besides, rise in number of healthcare facilities and increasing prevalence of chronic disorders and infectious diseases are driving the growth of Saudi Arabia medical devices market. Many pharmaceutical and biotechnological companies are rapidly working towards developing medical devices to cater to patients’ evolving needs, which is driving the growth of Saudi Arabia medical devices market. Additionally, increasing emphasis of healthcare agencies towards early diagnostic and treatment for improved quality of life and reduced health risks are leading to an increased adoption of medical devices, which is supporting their market growth. Increasing demand for diagnostic and surgical procedures and rising personal disposable income are supporting the growth of Saudi Arabia medical devices market.
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