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)
December 2018
91
About the Report
About the Report
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
Products
Products
Types of Medical Devices (Orthopedic Devices, Auxiliary Devices, Medical Disposables, Diagnostic Imaging/ Radiology Equipments, Diabetic Products, Dental Products and Aesthetic Devices), Type of End Users (Public Sector and Private Sector) and Type of sales Channel (Offline Sale and Online Sale)
Companies
Major Manufacturers (General Electric Healthcare, Canon Medical System (Toshiba Medical), Johnson and Johnson and Medatronics) and Major Distributors (Advanced Technology Company, Al Essa Group, Bader Sultan, Safwan Trading, Al-Sayer Medical, Yiaco, Central Circle, Fourth Dimension and Tareq)
Table of Contents
Table of Contents
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, 2017-22
10.1. Future Projections for Kuwait Medical Devices Market Size, 2017-22
10.2. Future Projections to Kuwait Medical Devices Market Segmentation, 2017-22
10.2.1. By End User, 2017-22
10.2.2. By Type of Medical Devices, 2017-22
10.2.3. By Type of Sales Channel (Offline and Online Sales), 2017-22
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
Disclaimer
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List of Figure
Figure 1-1: Flow Chart for Kuwait Medical Device Market, 2017
Figure 3-1: Distribution of Healthcare Providers in Kuwait on the Basis of Numbers, 2017
Figure 3-2: Kuwait Medical Devices Market Value Chain
Figure 4-1: Kuwait Medical Devices Market Size by Revenue in USD Million and Growth Rate in Percentage, 2012-17
Figure 4-2: Kuwait Medical Device Market Segmentation by End User (Public Sector and Private Sector) by Revenue in USD Million and Percentage, 2017
Figure 4-3: 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
Figure 4-4: Kuwait Medical Device Market Segmentation by Type of Sale Channel (Offline Sale and Online Sale) by Revenue (in Percentage), 2017
Figure 5-1: General Electric Healthcare Global Revenue in USD Billion and Growth Rate in Percentage, 2015-17
Figure 5-2: Distribution of GE Healthcare Global Revenue by Business Segments (Healthcare Systems, Life Sciences and Healthcare Digital), 2017
Figure 5-3: Johnson and Johnson Medical Device Global Sales (in USD Billion) and Growth Rate (in Percentage), 2015-17
Figure 5-4: Market Share of Major Distributors in Kuwait Medical Devices Market, 2017
Figure 5-5: ATC's Revenue (in USD Million) and Growth Rate in Percentage, 2015-17
Figure 6-1: Population of Kuwait (in Millions), 2012-17
Figure 6-2: Distribution of Diagnostic Tests in Kuwait, 2017
Figure 10-1: Future Projections to Kuwait Medical Device Market Size by Revenue in USD Million and Growth Rate in Percentage, 2017-22
Figure 10-2: Future Projections for Kuwait Medical Devices Market Segmentation by Type of End User (Public Sector and Private Sector) by Revenue in Percentage, 2017-22
Figure 10-3: 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, 2017-22
Figure 10-4: Future Projections to Kuwait Medical Device Market Segmentation by Type of Sales Channel (Offline Sales and Online Sales) by Revenue, 2017-22
Figure 12-1: Number of Healthcare Personnel in Kuwait (n Thousands), 2012-22
Figure 12-2: Number of Healthcare Centres in Kuwait (Nos), 2012-22
Figure 12-3: Number of Operations Performed in Kuwait (n Thousands), 2012-22
List of Table
Table 2-1: Product Categories Considered and Products Included in Each Category
Table 2-2: Correlation Matrix of Kuwait Medical Device Market
Table 2-3: Regression Coefficient Output for Kuwait Medical Device Market
Table 3-1: Kuwait Healthcare Market Overview
Table 3-2: Kuwait Medical Device Market Overview
Table 3-3: Description of Value Chain in Kuwait Medical Device Market
Table 4-1: Rationale and Description for Kuwait Medical Devices Market Size by Revenue, 2012-17
Table 4-2: Medical Devices Import by Value (In USD Thousand) in Kuwait, 2012-17
Table 4-3: Rationale and Description for Kuwait Medical Devices Market Segmentation by End Users Public Sector and Private Sector by Revenue, 2017
Table 4-4: List of Public Sector Hospitals Along with Region, Type of Hospitals, and Number of Beds in 2016 (in Nos)
Table 4-5: List of Private Hospitals in Kuwait along with Region, Type of Hospital and Number of Beds (in Nos)
Table 4-6: 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
Table 4-7: Some of the Specialized Healthcare Centres in Kuwait
Table 4-8: Most Commonly Sold Products in Kuwait Medical Devices Market including Product Description, End users, Product Specification and Price Range (in USD)
Table 4-9: 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
Table 5-1: Parameter of Competition for Manufacturers in Kuwait Medical Devices Market
Table 5-2: Comparison of Major Manufacturers (GE Healthcare, Canon Medical and Johnson and Johnson) on Basis of Strength, Weakness and USP
Table 5-3: Company Profile of General Electric Health Care including Company Overview, Business Strategy, USP, Number of Employees, Product Portfolio and Major Projects
Table 5-4: Company Profile of Canon Medical Including Company Overview, Business Strategy, USP, Number of Employees, Strength, Weakness, Product Portfolio, Major Projects, Technology Used and Distributor
Table 5-5: 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
Table 5-6: Strength and Weakness of Major Distributors in Kuwait Medical Devices Market
Table 5-7: Estimated Revenue of Major Distributors in Kuwait Medical Devices Market from Sale of medical Devices, 2017
Table 5-8: Company Profile of Advanced Technology Company including Company Overview, Business strategy, USP, Market Share, Number of Employees, and Services
Table 5-9: ATC's Major Customers
Table 5-10: Company Profile of YIACO Medical Company including Company Overview, Business Strategy, USP, Market Share, and Major Clients
Table 5-11: Product Portfolio of YIACO Medical Company
Table 5-12: Company Profile of Al-Essa Group including Company Overview, Business Strategy, USP, Services Offered and Distribution Channel
Table 5-13: Parameter of Competition for Distributors in Kuwait Medical Devices Market
Table 5-14: Major Mergers and Acquisition in Kuwait Medical Device Market
Table 6-1: Number of Inpatients Opting for Surgeries, 2013-16
Table 6-2: Medical Fees Charges for Expatriates and Non-Kuwaitis in Kuwait
Table 7-1: Kuwait Medical Device Market Porter 5 Forces Analysis
Table 8-1: SWOT Analysis of Kuwait Medical Devices Market
Table 9-1: Vendor Selection Mechanism in Kuwait Medical Devices Market
Table 9-2: Product Selection Mechanism in Kuwait Medical Devices Market
Table 10-1: Rationale and Description for Future Projections to Kuwait Medical Devices Market Size by Revenue, 2017-22
Table 10-2: Major Under Construction Healthcare Projects in Kuwait
Table 10-3: 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
Table 10-4: Under Construction Public Sector Projects in Kuwait Healthcare Market
Table 10-5: Kuwait Medical Devices Market Segmentation by End Users (Public Sector and Private Sector) by Revenue in USD Million, 2017-22
Table 10-6: 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
Table 10-7: 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
Table 10-8: Latest Innovations in Medical Imaging
Table 10-9: 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
Table 10-10: 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
Table 11-1: Analyst Recommendations for Kuwait Medical Devices Market
Table 12-1: Rationale for Number of Healthcare Personnel in Kuwait, 2012-22
Table 12-2: Rationale and Description for Number of Healthcare Centres in Kuwait, 2012-22
Table 12-3: Rationale and Description for Number of Operations Performed in Kuwait, 2012-22
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