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)

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December 2018
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Region : Middle East
Ken Research
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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 Devices Market

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

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)

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

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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