Philips acquired Spectranetics in August 2017 for a deal amounting to USD 2.2 Billion. The deal will help Philips enhance its portfolio of interventional imaging systems and devices.
According to Ken Research report titled “Kuwait Medical Device Market Outlook to 2022 – By Type of Medical Devices (Diagnostic Imaging Products, Medical Disposables, Auxiliary Devices, Orthopedic Devices, Dental Products, Aesthetic Devices, Diabetic Products and Others) and By Type of Sales Channel (Online and Offline Sales)” increase in population along with increase in number of chronic disease and other patients has resulted in growth in demand for medical devices market. This growth is complemented by increase in healthcare spending by the government as well as the private sector. However, oil prices, outbound medical tourism and lack of skilled local doctors and technicians had negative impact on medical devices market in Kuwait.
Positioning of Medical Devices Market in Kuwait
The medical devices market in Kuwait is import driven and witnessed a double digit growth in the past five years (2012-2017). There is demand for all type of medical devices and is largely dominated by Diagnostic Imaging Products, Medical Disposables, Auxiliary Devices, Orthopedic Devices, Dental Products, Aesthetic Devices, and Diabetic Products. Demand is largely driven by ease of use and handling, quality of diagnosis provided and eases of access to after sale services. Improvement in quality of healthcare services and enhanced focus of global players in providing service, training and support had positive impact on the market.
New Technologies Adoption, Emergence of Private Healthcare and Changing Lifestyle will Drive the Market for Medical Devices in Kuwait
The market for medical devices in the region is estimated to grow steadily and is primarily driven by diagnostic imaging products accounting for majority of the market share. Healthcare market which is largely dominated by government aided projects in past has seen increased participation of private players. Many of the private hospitals use some of the latest state of art technologically advanced medical devices. The product is majorly sold through the offline channel as products are ordered in bulk and in case of specialized devices many technical, quality parameters after sales services and training details are to be finalized making it easier to adopt offline channel or a mix of offline and online sales.
Increase in number of chronic diseases, better awareness, improved access to new treatment methods and access to well trained medical staff has resulted in increase in demand for healthcare facilities including medical devices in the country. The market consists of all the major players such as GE, Johnson and Johnson, Canon, Siemens and other major players in global medical devices industry thus boosting the confidence of patients in diagnosis.
Keywords:-
Medical Devices Market Kuwait
Medical Devices Import Kuwait
Kuwait Diagnostic Imaging Products
Diabetes Devices Market Kuwait
Kuwait Orthopedic Devices Market
Kuwait Healthcare Devices
Johnson And Johnson Kuwait Medical Devices
Artificial Intelligence Kuwait Medical Devices
Future Of Medical Devices Kuwait
Kuwait Medical Device Products
Import Of Medical Devices Kuwait
Medical Device Distributors Kuwait
Canon Kuwait Medical Devices
GE Kuwait Medical Devices
Diabetic Devices Market Kuwait
Online Medical Devices Market
Global Medical Devices Companies Kuwait
Porter Analysis Kuwait Medical Devices
Key Segments Covered:-
Types of Medical Devices:-
Orthopedic Devices
Auxiliary Devices
Medical Disposables
Diagnostic Imaging/ Radiology Equipments
Diabetic Products
Dental Products
Aesthetic Devices
Type of End Users:-
Public Sector
Private Sector
Type of sales Channel:-
Offline Sale
Online Sale
Key Target Audience:-
Hospitals
Doctors
Pharmacies
Medical Devices Manufacturers
Medical Devices Distributors
Diagnostic Labs
Ministry of Health
Period Captured in the Report:-
2012-2017 – Historical Period
2018-2022 – Future Forecast
Companies Covered:-
Major Manufacturers:-
General Electric Healthcare
Canon Medical System (Toshiba Medical)
Johnson and Johnson
Medatronics
Major Distributors:-
Advanced Technology Company
Al Essa Group
Bader Sultan
Safwan Trading
Al-Sayer Medical
Yiaco
Central Circle
Fourth Dimension
Tareq
For more information on the research report, refer to below link:-
https://kenresearch.com/healthcare/kuwait-medical-device-market.html
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
