Kuwait Medical Devices Market Research Report: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How has Kuwait Medical Devices Market Evolved? Kuwait medical device market is in its late growth stage and has a limited number of large players dominating the market. The history of medical devices dates back to early 1910s when first hospital in Kuwait was constructed. The medical devices market in Kuwait is largely import driven. The medical devices market in Kuwait has witnessed growth owing to the increased participation of private sector in healthcare. Technological innovations and increased focus on infrastructure development has also resulted in increase in demand of medical devices in Kuwait. There market consists of all the major players in global medical devices industry. Heavy investments in healthcare infrastructure projects with aid of private sector are driving the growth. Increase in number chronic diseases have 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 In terms of revenue; the market for medical devices has grown at a CAGR of ~% from USD ~ million in 2012 to USD ~ million in 2017. Increased investment in developing new facilities and upgrading existing infrastructure are the key drivers for demand of medical devices in Kuwait. The share of private sector as an end user has increased over the years due to opening up of investment opportunities in the market. The products that exist in the market ranges from simple syringes and medical chairs to complex MRI and CT scanning machines. The market dynamics of a product changes from product to product. Kuwait Medical Devices Market Segmentation By Type of End User: There are two types of end user in the market. In 2017 the market share of public sector was ~% and rest of the ~% of the demand was generated by private sector. The revenue generated from sale of medical devices to public sector was USD ~ Million and for private sector was USD ~ Million. High share of public sector is mainly on account of large number of Kuwaitis visiting public hospitals which offer free services. Subsidized fee for non Kuwaitis also support more patients visiting public hospitals. By Type of Sales Channel: Sales channels for medical devices are offline sales and online sales. In 2017, offline sale constituted majority of the demand for medical devices in Kuwait, accounting for ~% of the total sales in the country, online sales constitute the rest ~%. The total revenue generated from sales of medical devices through offline sales was USD ~ Million. Whereas for online sales the total revenue generated was USD ~ million. Most of the major companies use offline sales as the government sector procure the medical devices through offline channel only. By the Type of Medical Devices: The market of Kuwait medical devices is dominated primarily by orthopedic devices and Auxiliary devices which constitute ~% and ~% of the market share respectively. The revenue generated from sales of these two segments in 2017 was USD ~ Million and USD ~ Million respectively. The large market share of these two segments is because of large number of diabetic patients in Kuwait Diagnostic imaging products and medical disposables also contribute significant share of the market. Competitive Landscape in Kuwait Medical Devices Market The Kuwait medical device market is concentrated with a few large global players and has generated a majority share in terms of revenues. Kuwait medical device market is majorly import driven. The import value of the medical devices witnessed an increase from USD ~ Million in 2012 to ~ Million in 2017, due to increasing expenditure on healthcare sector. There is no manufacturing facility of medical devices located in Kuwait. Some leading import destinations for Kuwait medical devices are USA, Japan, Germany, and India. Major manufacturers: Canon, Philips Health, GE Healthcare, B.Braun etc. GE Healthcare has the majority of share in the market. GE healthcare, Siemens and Canon are in diagnostic imaging sector whereas Johnson and Johnson is in the medical disposable sector. Major Distributors: Al Essar group, Advanced Technology Company, Tareq Company are major distributors. Among these players Advanced Technology Company (ATC) has the majority of the market share. These distributors buy the medical devices in bulk to cut on the freight charges due to absence of any localized manufacturer of medical devices. The products used in the market vary with the type of condition and where they are used. The products range from simple syringes and medical chairs to complex technology using products such as computer tomography machine, MRI scanner. The market dynamics of the medical device ranges from device to device. The market is dominated by players who are present in high end products. These manufacturers differentiate themselves on prices, technology and value added services. Kuwait Medical Devices Market Future Outlook and Projections The market for medical devices in Kuwait is expected to register a five year CAGR of ~% from 2017 to 2022 as the market size is expected to grow from USD ~ Million in 2017 to USD ~ Million in 2022. The growth is expected to be less than the growth from 2012 to 2017 as the decrease in oil prices has resulted in decrease in government spending in the country. Demand for medical devices will be largely driven by private sector investments, increase in number of chronic diseases and healthcare infrastructure development. This will lead to increase in large number of medical devices in the country. New technologies such as artificial intelligence will be widely applied across various domains, which is currently limited to few projects and is expected to grow by manifold in the near future. 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 Tareqs For More Information on the research report, refer to below link:- Kuwait Medical Devices Market Related Reports:- Singapore Healthcare Market Forecast to 2022 – by Type of Clinics (Medical and Dental), by Hospitals (Private, Public and Not-for-Profit), by Prescription and OTC Drugs, by type of Medical Devices (Consumables, Diagnostic Imaging, Patient Aids, Orthopedics & Prosthetics, Dental Products and Others) Vietnam Medical Devices Market Outlook to 2022 – By Equipments (Consumables, Diagnostic Imaging, Dental Products, Orthopedics and Prosthetics, Patient Aids and Other Medical Devices) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Aesthetic Medical Devices Market Kuwait, Artificial Intelligence Kuwait Medical Devices, Auxiliary Medical Devices Market Kuwait, Canon Kuwait Medical Devices, Dental Treatment Devices Market Kuwait, Diabetes Devices Market Kuwait, Diabetic Devices Market Kuwait, Diagnostic Medical Devices Market Kuwait, Distributors Medical Devices Kuwait, Effect Of Oil Prices On Kuwait Medical Device Market, Future Of Medical Devices Kuwait, Ge Kuwait Medical Devices, General Electric Healthcare Products Kuwait, Global Medical Devices Companies Kuwait, Government Regulations Kuwait Healthcare, Import Of Medical Devices Kuwait, Industry Research Report For Kuwait Medical Devices Market, Johnson And Johnson Kuwait Medical Devices, Kuwait Diagnostic Imaging Products, Kuwait Healthcare Devices, Kuwait Medical Device Products, Kuwait Medical Devices Industry Research Report, Kuwait Medical Devices Market, Kuwait Medical Devices Market Analysis, Kuwait Medical Devices Market Application, Kuwait Medical Devices Market Forecast, Kuwait Medical Devices Market Future Outlook, Kuwait Medical Devices Market Growth, Kuwait Medical Devices Market Key Players, Kuwait Medical Devices Market Major Players, Kuwait Medical Devices Market Overview, Kuwait Medical Devices Market Research Report, Kuwait Medical Devices Market Revenue, Kuwait Medical Devices Market Scope, Kuwait Medical Devices Market Segmentation, Kuwait Medical Devices Market Share, Kuwait Medical Devices Market Size, Kuwait Medical Devices Market Trends, Kuwait Medical Devices Market Value, Kuwait Orthopedic Devices Market, Major Products Kuwait Medical Device Market, Manufacturers Medical Devices Kuwait, Market Research Report For Kuwait Medical Devices Market, Medical Device Distributors Kuwait, Medical Devices Import Kuwait, Medical Devices Industry Kuwait, Medical Devices Market Kuwait, Online Distribution Medical Devices Kuwait, Online Medical Devices Market, Porter Analysis Kuwait Medical Devices, Private Investment Kuwait Medical Device Market, Public Spending Kuwait Medical Device Market