Saudi Arabia Defibrillators Market: Initiatives Taken by Government and Private Players to Drive Market at 8.3% CAGR during 2014-2020

According to a market research report published by Transparency Market Research, the Saudi Arabia defibrillators market is estimated to expand at a CAGR of 8.3% during the period between 2014 and 2020. The report, titled “Saudi Arabia Defibrillators Market - Industry Analysis, Size, Volume, Growth, Trends and Forecast, 2014 - 2020,” projects the Saudi Arabia defibrillators market to be worth US$49.8 mn by 2020. The overall market stood at a valuation of US$28.6 mn in 2013.

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The report points out that the assistance with real time audio and video in local language has enhanced the adoption of automated external defibrillators across public places and office premises. Initiatives taken by government as well as private players will drive the growth of the Saudi Arabia defibrillators market. For example, in 2011, as a measure to offer emergency medical assistance to its onboard customers during sudden cardiac arrest, Gulf Air installed Philips AEDs in all of its aircrafts. The Saudi Arabia Ministry of Health has installed AED units in Mecca for resuscitating pilgrims experiencing sudden cardiac arrest at the Hajj. However, the lack of appropriate awareness campaigns and public-private partnership will impede the sales of the device during the forecast horizon. Further, the lack of local manufacturing in Saudi Arabia increases the overall cost of defibrillators, thereby restricting the growth of the regional market. The overall market has a huge opportunity to grow with the development of defibrillators equipped with inbuilt remote patient monitoring and telemedicine features.

On the basis of product type, the report segments the Saudi Arabia defibrillators market into automated external defibrillators (AED) and advanced life support (ALS) defibrillators. In the last couple of years, increased adoption of AEDs owing to their low cost and user friendly interface has significantly contributed towards the growth of the market. Government agencies and hospitals are organizing several campaigns and training programs to promote awareness about AEDs and ALS defibrillators. ALS defibrillators are usually used in hospital settings due to their efficiency to monitor multiple parameters such as heart rhythm, pulse rate, and oxygen concentration.

In terms of end-users, the report categorizes the Saudi Arabia defibrillators market into public access defibrillators, hospitals, emergency medical services, and business workplaces. Hospitals dominate the overall defibrillators market in Saudi Arabia, followed by emergency medical services and public access defibrillators. Emergency medical services include fire fighters, police vans, and paramedical forces.

Describing the competitive landscape, the report profiles some of the key players in the Saudi Arabia defibrillators market such as Defibtech LLC, Biotronik SE & Co. KG, GE Healthcare, Cardiac Science Corporation, HeartSine Technologies Inc., Nihon Kohden Corporation, Mindray Medical International Ltd., Philips Healthcare, Schiller AG, Physio-Control Inc., and Zoll Medical Corporation. The report provides insightful information about the key players including their financial overview, product portfolio, business strategies, and recent developments.

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Saudi Arabia Could be in Need of More Defibrillators Soon as Cardiac Diseases Spiral Upward

Heart disease is a serious medical issue that is rapidly rising to the top of the list of most common medical disorders. There are many factors that are piling on to create the high number of people that are being diagnosed with heart disease. One of the core regions that could soon become a major one for heart patients is Saudi Arabia, which is why the nation is looking to ramp up its market for defibrillators.

The Saudi Arabia defibrillators market is expanding at a positive CAGR of 8.3% between 2014 and 2020. This market was valued at US$28.6 mn in 2013. With all the factors that are currently pointing to this market’s growth, it can easily climb to US$49.8 mn before the end of 2020. 

This holds major opportunities for key players that exist in the market for defibrillators, including ZOLL Medical Corporation, Schiller AG, Physio-Control, Inc., Philips Healthcare, Nihon Kohden Corporation, Mindray Medical International Ltd., HeartSine Technologies, Inc., GE Healthcare, Defibtech, LLC, Cardiac Science Corporation, and Biotronik SE & Co. KG. These companies are attempting to increase their foothold in the Saudi Arabia defibrillators market, and so are a few new entrants.

Saudi Arabia Heart Disease Threats on the Rise

In a release by the World Health Organization, corroborated by the Saudi Arabia Ministry of Health, a large amount of deaths were caused by non-communicable diseases in 2010, out of which 42% were caused by cardiovascular diseases. This number is already too high to ignore and is still on the rise. 

In another health study in 2014, conducted by the Saudi Heart Association, one of four adults will be suffering from cardiac arrests from 2014 to 2024. Additional data was provided by the vice president of the Saudi Heart Association, Professor Hani Najm: At least half the current population in Saudi Arabia falls under 25 years of age. A significant portion of this youth indulges in unhealthy eating and lifestyle habits, all of which contribute to health complications such as heart disease as the youth grow older. This is a worrisome thought for the Saudi Arabia healthcare industry, as the country could be on the verge of a heart disease epidemic inside of the next two decades.

Government is Pushing for Higher Availability of Defibrillators

There has been significant amounts of proof that shows the usefulness of defibrillators and CPR in the event of a cardiac arrest. The recorded survival rate of patients who have suffered from a sudden cardiac arrest is about 75%, if they are administered with the above two measures immediately after the attack. When you take this into consideration with the relative dearth of various defibrillators and medical lessons for CPR in Saudi Arabia, there is a clear list of opportunities that the top players need to fill up as soon as possible.

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In another research conducted on the overall awareness rate of heart disease in Saudi Arabia, it was found that nearly 75% of the respondents who were aware that they suffered from cardiovascular diseases had multiple factors of causation for it. This is an alarming fact that is prompting the healthcare industry to take swift and immediate action toward reducing the causes of heart disease in the region.