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Kuwait Medical Device Market Outlook to 2022 - By Type (Diagnostic Imaging Products, Medical Disposables, Auxiliary Devices, Orthopedic Devices, Dental Products, Aesthetic Devices, Diabetic Products and Others)

  • ID: 4825629
  • Report
  • Region: Kuwait
  • 91 pages
  • Ken Research Private Limited
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FEATURED COMPANIES

  • Al Essa Group
  • Al-Sayer Medical
  • Bader Sultan
  • Canon Medical System
  • Central Circle
  • Fourth Dime
  • MORE

The report titled “Kuwait Medical Device Market Outlook to 2022 - By Type (Diagnostic Imaging Products, Medical Disposables, Auxiliary Devices, Orthopedic Devices, Dental Products, Aesthetic Devices, Diabetic Products and Others)” covers various aspects including introduction, market size, competition, market segmentation by end user (Public Sector and Private Sector), by type of medical devices (Diagnostic Imaging Products, Medical Disposables, Auxiliary Devices, Orthopedic Devices, Dental Products, Aesthetic Devices, Diabetic Products and Others), growth drivers, restraints, key regulations future outlook and analyst recommendation.

The report is useful for manufacturers, AI companies, distributors, system integrators, hospitals, diagnostic labs, doctors, end users, government, pharmacies and potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

Kuwait Medical Device Market
Kuwait medical device market is in its late growth stage (based on distributor model) and has a limited number of large players dominating the market. The medical devices market in Kuwait is completely import driven dominated by international brands. The medical devices market in Kuwait has witnessed growth owing to the increased participation of private players in healthcare sector. Technological innovations and increased focus on infrastructure development has also resulted in increased demand of medical devices in Kuwait. Heavy investments in infrastructure projects are driving the growth in Kuwait. Increase in number of chronic diseases has resulted in increase in demand of healthcare facilities in the country. The end users of medical devices are government as well as private sector hospitals, clinics and primary care centers.

Market Size
In terms of revenue, the market for medical devices has grown by a robust double digit CAGR driven by new product innovations and launches. The share of private sector has increased over the years due to opening up of investment opportunities.

By Type of Medical Devices
Kuwait medical devices market is dominated primarily by orthopedic devices and Auxiliary devices which constituted majority of the market share. Prosthesis, Plates, Rod, Screws and Pins are some of the commonly sold orthopedic devices in Kuwait. BIOMET is one of the leading brands in Kuwait. The company provides a variety of orthopedic devices such as bone cement and cement mixing systems, orthopedic biomaterials. Kottemann GmbH, MOPEC, Aquaria and Bioquell are some of the major manufacturers of auxiliary devices in Kuwait. Kottermann GmbH and Aquaria specializes in lab furniture. MOPEC specializes in pathology and morgue furniture. Diagnostic imaging products and medical disposables also contributed significant share of the market. Johnson and Johnson and BD care fusion are the biggest companies in Kuwait providing medical disposable products such as syringes, needles, sutures, staples, packaging, tubing, catheters, medical gloves, gowns, masks, adhesives and sealants for wound dressing.

Trade Scenario for Kuwait Medical Device Market
Kuwait medical device market is completely import driven. The import value witnessed a robust CAGR of 10% from 2012 to 2017 driven by rise in sales of orthopedic appliances, hearing aids, and radiotherapy equipments, and operating tables and medical furniture. There is no manufacturing facility of medical devices located in Kuwait. Some leading import destinations for Kuwait medical devices are USA and Japan.

Competitive Landscape
The Kuwait medical device market is concentrated with few large players which have acquired a lion share in terms of revenues.

Major manufacturers: Canon, Philips Health, GE Healthcare, B.Braun are some key players. GE Healthcare has the majority of share in the market.

Major Distributors include Al Essar group, Advanced Technology company, Tareq Company etc. Among these players, Advanced Technology Company (ATC) has the majority of the market share. These distributors buy the medical devices in bulk. The distributors have to bear the freight charges because of absence of any localized manufacturer of medical devices.

Future Outlook
The market for medical devices in Kuwait is expected to register a double digit CAGR of 11.0%. Demand for medical devices will be largely driven by private sector investments, increase in number of chronic diseases and healthcare infrastructure development. A number of healthcare projects are under construction in Kuwait. This will lead to increase in large number of medical devices in the country. New technologies such as artificial intelligence will be widely applied in the sector in various domains, although currently Middle East is yet to stride in these advanced technologies, as high level medical devices is limited to few projects in the market which is expected to grow by manifold in the near future.

Launch of new technologically advanced products is one of the biggest reasons for their growth. Rise in obesity in Kuwait will increase the demand for diabetes testing devices. In terms of sales channel, offline sales will continue to dominate the market share but its share will decrease in the next five years.

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

Key Topics Covered

  • Kuwait Medical Device Market Overview
  • Kuwait Healthcare Market Overview
  • Kuwait Medical Device Market Overview
  • Kuwait Medical Device Market Value Chain
  • Kuwait Medical Devices Market Size, 2012-17
  • Kuwait Medical Devices Market Segmentation by End User, 2017
  • Kuwait Medical Devices Market Segmentation by Type of Medical Devices, 2017
  • Kuwait Medical Devices Market Segmentation by Type of Sales Channel, 2017
  • Kuwait Medical Device Competitive Landscape, 2017
  • Parameter of Competition for Manufacturers in Kuwait Medical Devices Market
  • Competitive Scenario of Major Manufacturers
  • Competitive Scenario of Major Distributors
  • Parameter of Competition for Distributors in Kuwait Medical Devices Market
  • Major Mergers And Acquisitions in Kuwait Medical Devices Market
  • Kuwait Medical Devices Future Outlook, 2017-22
  • Kuwait Medical Devices Market Size, 2017-22
  • Future Projections to Kuwait Medical Devices Market Segmentation, 2017-22
  • Porter 5 Forces Analysis of Kuwait Medical Device Market
  • Analyst Recommendations
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Al Essa Group
  • Al-Sayer Medical
  • Bader Sultan
  • Canon Medical System
  • Central Circle
  • Fourth Dime
  • MORE

1. Executive Summary

  • Kuwait Medical Device Market
  • Kuwait Medical Devices Market Size
  • Kuwait Medical Device Market Segmentation
  • Trade Scenario For Kuwait Medical Device Market
  • Competitive Landscape of Major Players in Kuwait Medical Device Market
  • Trends and Developments in the Kuwait Medical DevicesMarket
  • Future Outlook of the Kuwait Medical Device Market

2. Appendix
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Sizing and Modeling

  • Research Methodology
  • Approach – Market Sizing
  • Limitations
  • Variables (Dependent And Independent)
  • Multi Factor Based Sensitivity Model
  • Final Conclusion

3. Kuwait Medical Device Market Overview
3.1. Kuwait Healthcare Market Overview
3.2. Kuwait Medical Device Market Overview
3.3. Kuwait Medical Device Market Value Chain

4. Kuwait Medical Devices Market, 2012-17
4.1. Market Size, 2012-17
4.2. Kuwait Medical Devices Market Segmentation by End User, 2017
4.3. By Type of Medical Devices, 2017
4.4. By Type of Sales Channel, 2017

5. Kuwait Medical Device Competitive Landscape, 2017
5.1. Parameter of Competition for Manufacturers in Kuwait Medical Devices Market
5.2. Competitive Scenario of Major Manufacturers
5.2.1. General Electric Healthcare
5.2.2. Canon
5.2.3. Johnson and Johnson
5.3. Kuwait Medical Devices Competitive Scenario of Major Distributors
5.3.1. Advanced Technology Company
5.3.2. Company Profile of YIACO Medical Company
5.3.3. Al-Essa Group
5.3.4. Parameter of Competition for Distributors in Kuwait Medical Devices Market
5.4. Major Mergers And Acquisitions in Kuwait Medical Devices Market

6. Factors Influencing Kuwait Medical Devices Market
6.1. Trends

  • Use of Artificial Intelligence
  • Use of Software in Medical Devices
  • Decrease in Public Sector Spending
  • Increased Demand of High Quality Products
  • Robotic Surgery

6.2. Growth Drivers

  • Increasing Population
  • Increase in Distributor’s Margin
  • Increase in Chronic Diseases
  • Kuwait National Development Plan
  • Technological Advancements

6.3. Restraints

  • Medical Tourism
  • Lack of Skilled Doctors and Technicians
  • Slump in the Economy
  • Withdrawl of Free Healthcare Facilities for Expariates
  • Capital Intensive Research and Development

7. Porter 5 Forces Analysis of Kuwait Medical Device Market

8. SWOT Analysis

9. Vendor Selection Process

  • Product Selection Process

10. Kuwait Medical Devices Future Outlook, 2017-2022
10.1. Future Projections for Kuwait Medical Devices Market Size, 2017-2022
10.2. Future Projections to Kuwait Medical Devices Market Segmentation, 2017-2022
10.2.1. By End User, 2017-2022
10.2.2. By Type of Medical Devices, 2017-2022
10.2.3. By Type of Sales Channel (Offline and Online Sales), 2017-2022

11. Analyst Recommendations

12. Macros Economic Variables
12.1. Number of Healthcare Personnel
12.2. Number of Healthcare Centres
12.3. Number of Operations Performed

List of Figures

  • Flow Chart for Kuwait Medical Device Market, 2017
  • Distribution of Healthcare Providers in Kuwait on the Basis of Numbers, 2017
  • Kuwait Medical Devices Market Value Chain
  • Kuwait Medical Devices Market Size by Revenue in USD Million and Growth Rate in Percentage, 2012-17
  • Kuwait Medical Device Market Segmentation by End User (Public Sector and Private Sector) by Revenue in USD Million and Percentage, 2017
  • Kuwait Medical Device Market Segmentation by Type of Medical Devices (Diagnostic Imaging Project, Medical Disposables, Auxiliary Devices, Orthopedic Devices, Dental Products, Aesthetic Devices, Diabetic Products and Others) by Revenue in Percentage, 2017
  • Kuwait Medical Device Market Segmentation by Type of Sale Channel (Offline Sale and Online Sale) by Revenue (in Percentage), 2017
  • General Electric Healthcare Global Revenue in USD Billion and Growth Rate in Percentage, 2015-17
  • Distribution of GE Healthcare Global Revenue by Business Segments (Healthcare Systems, Life Sciences and Healthcare Digital), 2017
  • Johnson and Johnson Medical Device Global Sales (in USD Billion) and Growth Rate (in Percentage), 2015-17
  • Market Share of Major Distributors in Kuwait Medical Devices Market, 2017
  • ATC’s Revenue (in USD Million) and Growth Rate in Percentage, 2015-17
  • The population of Kuwait (in Millions), 2012-17
  • Distribution of Diagnostic Tests in Kuwait, 2017
  • Future Projections to Kuwait Medical Device Market Size by Revenue in USD Million and Growth Rate in Percentage, 2017-22
  • Future Projections for Kuwait Medical Devices Market Segmentation by Type of End User (Public Sector and Private Sector) by Revenue in Percentage, 2017-22
  • Future Projections to Kuwait Medical Device Market Segmentation by Type of Devices (Orthopedic devices, Auxiliary devices, Medical Disposables, Diagnostic Imaging products, Diabetic Products, Aesthetic Devices, Dental products and Others) by Revenue by Percentage, 2017-2022
  • Future Projections to Kuwait Medical Device Market Segmentation by Type of Sales Channel (Offline Sales and Online Sales) by Revenue, 2017-2022
  • Number of Healthcare Personnel in Kuwait (n Thousands), 2012-2022
  • Number of Healthcare Centres in Kuwait (Nos), 2012-2022
  • Number of Operations Performed in Kuwait (n Thousands), 2012-2022

List of Tables

  • Product Categories Considered and Products Included in Each Category
  • Correlation Matrix of Kuwait Medical Device Market
  • Regression Coefficient Output for Kuwait Medical Device Market
  • Kuwait Healthcare Market Overview
  • Kuwait Medical Device Market Overview
  • Description of Value Chain in Kuwait Medical Device Market
  • Rationale and Description for Kuwait Medical Devices Market Size by Revenue, 2012-17
  • Medical Devices Import by Value (In USD Thousand) in Kuwait, 2012-2017
  • Rationale and Description for Kuwait Medical Devices Market Segmentation by End Users Public Sector and Private Sector by Revenue, 2017
  • List of Public Sector Hospitals Along with Region, Type of Hospitals, and Number of Beds in 2016 (in Nos)
  • List of Private Hospitals in Kuwait along with Region, Type of Hospital and Number of Beds (in Nos)
  • Kuwait Medical Devices Market Segmentation by End Users (Diagnostic Imaging Project, Medical Disposables, Auxiliary Devices, Orthopedic Devices, Dental Products, Aesthetic Devices, Diabetic Products and Others) by Revenue, 2017
  • Some of the Specialized Healthcare Centres in Kuwait
  • Most Commonly Sold Products in Kuwait Medical Devices Market including Product Description, End users, Product Specification and Price Range (in USD)
  • Rationale and Description for Kuwait Medical Devices Market Segmentation by Type of Sales Channel (Offline Sales and Online Sales) by Revenue in USD Million, 2017
  • Parameter of Competition for Manufacturers in Kuwait Medical Devices Market
  • Comparison of Major Manufacturers (GE Healthcare, Canon Medical and Johnson and Johnson) on Basis of Strength, Weakness and USP
  • Company Profile of General Electric Health Care including Company Overview, Business Strategy, USP, Number of Employees, Product Portfolio and Major Projects
  • Company Profile of Canon Medical Including Company Overview, Business Strategy, USP, Number of Employees, Strength, Weakness, Product Portfolio, Major Projects, Technology Used and Distributor
  • Company Profile of Johnson and Johnson Including Company Overview, Business Strategy, USP, Number of Employees, Prices, Strength, Weakness, Product Portfolio, Major Projects and Technology Used
  • Strength and Weakness of Major Distributors in Kuwait Medical Devices Market
  • Estimated Revenue of Major Distributors in Kuwait Medical Devices Market from Sale of Medical Devices, 2017
  • Company Profile of Advanced Technology Company including Company Overview, Business Strategy, USP, Market Share, Number of Employees, and Services
  • ATC’s Major Customers
  • Company Profile of YIACO Medical Company including Company Overview, Business Strategy, USP, Market Share, and Major Clients
  • Product Portfolio of YIACO Medical Company
  • Company Profile of Al-Essa Group including Company Overview, Business Strategy, USP, Services Offered and Distribution Channel
  • Parameter of Competition for Distributors in Kuwait Medical Devices Market
  • Major Mergers and Acquisition in Kuwait Medical Device Market
  • Number of Inpatients Opting for Surgeries, 2013-16
  • Medical Fees Charges for Expatriates and Non-Kuwaitis in Kuwait
  • Kuwait Medical Device Market Porter 5 Forces Analysis
  • SWOT Analysis of Kuwait Medical Devices Market
  • Vendor Selection Mechanism in Kuwait Medical Devices Market
  • Product Selection Mechanism in Kuwait Medical Devices Market
  • Rationale and Description for Future Projections to Kuwait Medical Devices Market Size by Revenue, 2017-22
  • Major Under Construction Healthcare Projects in Kuwait
  • Rationale and Description for Future Projections to Kuwait Medical Devices Market Segmentation by Type of End User (Public Sector and Private Sector) on the Basis of Revenue, 2017-22
  • Under Construction Public Sector Projects in Kuwait Healthcare Market
  • Kuwait Medical Devices Market Segmentation by End Users (Public Sector and Private Sector) by Revenue in USD Million, 2017-22
  • Rationale and Description for Future Projections to Kuwait Medical Devices Market Segmentation by Type of Device (Diagnostic Imaging Products, Medical Disposables, Auxiliary Devices, Orthopedic Devices, Dental Products, Aesthetic Devices, Diabetic Products and Others) by Revenue, 2017-22
  • Future Projections to Revenue from Different Types of Medical Devices (Diagnostic Imaging Products, Medical Disposables, Auxiliary Devices, Orthopedic Devices, Dental Products, Aesthetic Devices, Diabetic Products and Others), 2017-22
  • Latest Innovations in Medical Imaging
  • Rationale and Description for Future Projections to Kuwait Medical Devices Market Segmentation by Type of Sales Channel (Offline Sales and Online Sales) by Revenue, 2017-22
  • Future Projections to Kuwait Medical Device Market Segmentation by Type of Sales Channel (Offline Sales and Online Sales) by Revenue in USD Million, 2017-22
  • Analyst Recommendations for Kuwait Medical Devices Market
  • The rationale for Number of Healthcare Personnel in Kuwait, 2012-22
  • Rationale and Description for Number of Healthcare Centres in Kuwait, 2012-22
  • Rationale and Description for Number of Operations Performed in Kuwait, 2012-22
Note: Product cover images may vary from those shown
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  • General Electric Healthcare
  • Canon Medical System
  • Toshiba Medical
  • Johnson and Johnson
  • Medatronics
  • Advanced Technology Company
  • Al Essa Group
  • Bader Sultan
  • Safwan Trading
  • Al-Sayer Medical
  • Yiaco
  • Central Circle
  • Fourth Dime
Note: Product cover images may vary from those shown
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