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Saudi Arabia Wearable Medical Devices Market Size, Share & Trends Analysis Report by Product (Diagnostic, Therapeutic), Site, Application, Grade Type, Distribution Channel, and Segment Forecasts, 2024-2030

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    Report

  • 80 Pages
  • March 2024
  • Region: Saudi Arabia
  • Grand View Research
  • ID: 5950077
The Saudi Arabia wearable medical devices market size is anticipated to reach USD 956.43 million by 2030, growing at a CAGR of 20.6% from 2024 to 2030. The anticipated growth in industries such as remote health monitoring and home healthcare is expected to impact the market. The utilization of telemedicine during the COVID-19 pandemic was identified to be satisfactory for safe communication between healthcare providers and patients in the country. The increased focus on healthy lifestyle and fitness contributes to the increased demand for fitness trackers. Technological advancements, increase in clinical trials, and awareness of personal health monitoring and round-the-clock monitoring are expected to further drive the market.

Increasing lifestyle-associated diseases constitute a significant threat to Saudi Arabia’s population health. An increase in obesity is the primary cause of non-communicable diseases like hypertension, type 2 diabetes, and dyslipidemia, which can lead to cardiovascular disorders (CVDs). Ischaemic heart disease is one of the major reasons for deaths in Saudi Arabia. In 2020 and 2021, obesity prevalence in Saudi Arabia was the highest across the globe, with an average of 35%. This factor further anticipates the need for early diagnosis of CVDs, including coronary heart disease, rheumatic heart disease, cerebrovascular disease, and other conditions necessitating continuous monitoring of physiological parameters.

Currently, the Saudi government spends over 60% of the country’s total healthcare expenditure. It launched the Vision 2030 project to improve research and development in healthcare infrastructure such as telemedicine and remote patient monitoring.

Saudi Arabia Wearable Medical Devices Market Report Highlights

  • Based on product, the diagnostics device segment dominated the market with the largest share of 60.92% in 2023, owing to the need of continuous monitoring of physiological parameters
  • The respiratory devices product segment is expected to grow at the fastest CAGR of 21.6% over the forecast period
  • Based on application, the home healthcare segment held the largest revenue share in 2023. The remote patient monitoring segment is expected to grow at the fastest CAGR over the forecast period.
  • Factors such as sedentary lifestyle and lack of exercise are contributing to the growing prevalence of cardiovascular diseases.
  • In August 2023, FluidAI Medical rolled out a postsurgical monitor, Stream Platform, powered by the use of artificial intelligence facilitating the diagnosis of postoperative leaks and severe complications of digestive tract surgeries.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Product
1.2.2. Site
1.2.3. Application
1.2.4. Grade type
1.2.5. Distribution channel
1.2.6. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased database
1.4.2. Internal database
1.4.3. Secondary sources
1.4.4. Primary research
1.5. Information or Data Analysis
1.5.1. Data analysis models
1.6. Market Formulation & Validation
1.7. Model Details
1.7.1. Commodity flow analysis (Model 1)
1.7.2. Volume price analysis (Model 2)
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Site outlook
2.2.3. Application outlook
2.2.4. Grade type outlook
2.2.5. Distribution channel
2.2.6. Regional outlook
2.3. Competitive Insights
Chapter 3. Saudi Arabia Wearable Medical Devices Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.2. Market restraint analysis
3.3. Saudi Arabia Wearable Medical Devices Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Technological landscape
3.3.2.3. Economic landscape
Chapter 4. Saudi Arabia Wearable Medical Devices Market: Product Estimates & Trend Analysis
4.1. Product Market Share, 2023 & 2030
4.2. Segment Dashboard
4.3. Saudi Arabia Wearable Medical Devices Market by Product Outlook
4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Following
4.4.1. Diagnostic Devices
4.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2. Vital Sign Monitoring Devices
4.4.1.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.2. Heart rate monitors
4.4.1.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.3. Activity monitors
4.4.1.2.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.4. Electrocardiographs
4.4.1.2.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.5. Pulse oximeters
4.4.1.2.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.6. Spirometers
4.4.1.2.6.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.7. Blood pressure monitors
4.4.1.2.7.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.8. Others
4.4.1.2.8.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.3. Sleep Monitoring Devices
4.4.1.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.3.2. Sleep trackers
4.4.1.3.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.3.3. Wrist actigraphs
4.4.1.3.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.3.4. Polysomnographs
4.4.1.3.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.3.5. Others
4.4.1.3.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.4. Electrocardiographs Fetal and Obstetric Devices
4.4.1.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.5. Neuromonitoring Devices
4.4.1.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.5.2. Electroencephalographs
4.4.1.5.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.5.3. Electromyographs
4.4.1.5.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.5.4. Others
4.4.1.5.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2. Therapeutic Devices
4.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.2. Pain management devices
4.4.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.2.2. Neurostimulation Devices
4.4.2.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.2.3. Others
4.4.2.2.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.3. Insulin/glucose monitoring devices
4.4.2.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.3.2. Insulin Pumps
4.4.2.3.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.3.3. Others
4.4.2.3.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.4. Rehabilitation Devices
4.4.2.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.4.2. Accelometers
4.4.2.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.4.3. Sensing Devices
4.4.2.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.4.4. Ultrasound Platform
4.4.2.4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.4.5. Others
4.4.2.4.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.5. Respiratory Therapy Devices
4.4.2.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.5.2. Ventilators
4.4.2.5.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.5.3. Positive Airway Pressure (PAP) Devices
4.4.2.5.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.5.4. Portable Oxygen Concentrators
4.4.2.5.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.5.5. Others
4.4.2.5.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Saudi Arabia Wearable Medical Devices Market: Site Estimates & Trend Analysis
5.1. Site Market Share, 2023 & 2030
5.2. Segment Dashboard
5.3. Saudi Arabia Wearable Medical Devices Market by Site Outlook
5.3.1. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Following Handheld
5.3.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.3.2. Headband
5.3.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.3.3. Strap/Clip/Bracelet
5.3.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.3.4. Shoe Sensors
5.3.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.3.5. Others
5.3.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. Saudi Arabia Wearable Medical Devices Market: Application Estimates & Trend Analysis
6.1. Application Market Share, 2023 & 2030
6.2. Segment Dashboard
6.3. Saudi Arabia Wearable Medical Devices Market by Application Outlook
6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Following
6.4.1. Sports and Fitness
6.4.1.1. Market estimates and forecasts 2018 to 2030 (USD million)
6.4.2. Remote Patient Monitoring
6.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
6.4.3. Home Healthcare
6.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Saudi Arabia Wearable Medical Devices Market: Grade Type Estimates & Trend Analysis
7.1. Grade Type Market Share, 2023 & 2030
7.2. Segment Dashboard
7.3. Saudi Arabia Wearable Medical Devices Market by Application Outlook
7.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Following
7.4.1. Consumer-Grade Wearable Medical Devices
7.4.1.1. Market estimates and forecasts 2018 to 2030 (USD million)
7.4.2. Clinical Wearable Medical Devices
7.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Saudi Arabia Wearable Medical Devices Market: Distribution Channel Estimates & Trend Analysis
8.1. Distribution Channel Market Share, 2023 & 2030
8.2. Segment Dashboard
8.3. Saudi Arabia Wearable Medical Devices Market by Distribution Channel Outlook
8.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Following
8.4.1. Pharmacies
8.4.1.1. Market estimates and forecasts 2018 to 2030 (USD million)
8.4.2. Online Channel
8.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
8.4.3. Hypermarket
8.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 9. Competitive Landscape
9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Company/Competition Categorization
9.3. Vendor Landscape
9.3.1. List of key distributors and channel partners
9.3.2. Key customers
9.3.3. Key company heat map analysis, 2023
9.4. Company Profiles
9.4.1. Koninklijke Philips N.V.
9.4.1.1. Company overview
9.4.1.2. Financial performance
9.4.1.3. Product benchmarking
9.4.1.4. Strategic initiatives
9.4.2. Garmin
9.4.2.1. Company overview
9.4.2.2. Financial performance
9.4.2.3. Product benchmarking
9.4.2.4. Strategic initiatives
9.4.3. Covidien (Medtronic)
9.4.3.1. Company overview
9.4.3.2. Financial performance
9.4.3.3. Product benchmarking
9.4.3.4. Strategic initiatives
9.4.4. Omron Healthcare Co., Ltd.
9.4.4.1. Company overview
9.4.4.2. Financial performance
9.4.4.3. Product benchmarking
9.4.4.4. Strategic initiatives
9.4.5. Polar electro
9.4.5.1. Company overview
9.4.5.2. Financial performance
9.4.5.3. Product benchmarking
9.4.5.4. Strategic initiatives
9.4.6. Sotera Wireless
9.4.6.1. Company overview
9.4.6.2. Financial performance
9.4.6.3. Product benchmarking
9.4.6.4. Strategic initiatives
9.4.7. Huawei Device Co., Ltd.
9.4.7.1. Company overview
9.4.7.2. Financial performance
9.4.7.3. Product benchmarking
9.4.7.4. Strategic initiatives
9.4.8. Apple Inc.
9.4.8.1. Company overview
9.4.8.2. Financial performance
9.4.8.3. Product benchmarking
9.4.8.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 Saudi Arabia wearable medical devices market, by product, 2018 - 2030 (USD Million)
Table 3 Saudi Arabia wearable medical devices market, by diagnostic device type, 2018 - 2030 (USD Million)
Table 4 Saudi Arabia wearable medical devices market, by vital sign monitoring device type, 2018 - 2030 (USD Million)
Table 5 Saudi Arabia wearable medical devices market, by sleep monitoring device type, 2018 - 2030 (USD Million)
Table 6 Saudi Arabia wearable medical devices market, by neuromonitoring device type, 2018 - 2030 (USD Million)
Table 7 Saudi Arabia wearable medical devices market, by therapeutic device type, 2018 - 2030 (USD Million)
Table 8 Saudi Arabia wearable medical devices market, by pain management device type, 2018 - 2030 (USD Million)
Table 9 Saudi Arabia wearable medical devices market, by insulin management device type, 2018 - 2030 (USD Million)
Table 10 Saudi Arabia wearable medical devices market, by other insulin management device type, 2018 - 2030 (USD Million)
Table 11 Saudi Arabia wearable medical devices market, by rehabilitation device type, 2018 - 2030 (USD Million)
Table 12 Saudi Arabia wearable medical devices market, by respiratory therapy device type, 2018 - 2030 (USD Million)
Table 13 Saudi Arabia wearable medical devices market, by site, 2018 - 2030 (USD Million)
Table 14 Saudi Arabia wearable medical devices market, by application, 2018 - 2030 (USD Million)
Table 15 Saudi Arabia wearable medical devices market, by grade type, 2018 - 2030 (USD Million)
Table 16 Saudi Arabia wearable medical devices market, by distribution channel, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Saudi Arabia wearable medical devices market: market outlook
Fig. 9 Saudi Arabia Wearable Medical Devices Competitive Insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Saudi Arabia wearable medical devices market driver impact
Fig. 14 Saudi Arabia wearable medical devices market restraint impact
Fig. 15 Saudi Arabia wearable medical devices market: Product movement analysis
Fig. 16 Saudi Arabia wearable medical devices market: Product outlook and key takeaways
Fig. 17 Diagnostic devices market estimates and forecast, 2018 - 2030
Fig. 18 Vital sign monitoring devices estimates and forecast, 2018 - 2030
Fig. 19 Heart rate monitors market estimates and forecast, 2018 - 2030
Fig. 20 Activity monitors estimates and forecast, 2018 - 2030
Fig. 21 Electrocardiographs market estimates and forecast, 2018 - 2030
Fig. 22 Pulse oximeters market estimates and forecast, 2018 - 2030
Fig. 23 Spirometers estimates and forecast, 2018 - 2030
Fig. 24 Blood pressure monitors market estimates and forecast, 2018 - 2030
Fig. 25 Others estimates and forecast, 2018 - 2030
Fig. 26 Sleep monitoring devices market estimates and forecast, 2018 - 2030
Fig. 27 Sleep trackers estimates and forecast, 2018 - 2030
Fig. 28 Wrist actigraphs market estimates and forecast, 2018 - 2030
Fig. 29 Polysomnographs estimates and forecast, 2018 - 2030
Fig. 30 Others market estimates and forecast, 2018 - 2030
Fig. 31 Electrocardiographs fetal and obstetrics devices market estimates and forecast, 2018 - 2030
Fig. 32 Neuromonitoring devices estimates and forecast, 2018 - 2030
Fig. 33 Electroencephalographs market estimates and forecast, 2018 - 2030
Fig. 34 Electromyographs estimates and forecast, 2018 - 2030
Fig. 35 Others devices market estimates and forecast, 2018 - 2030
Fig. 36 Therapeutic devices estimates and forecast, 2018 - 2030
Fig. 37 Pain management devices market estimates and forecast, 2018 - 2030
Fig. 38 Neurostimulation devices estimates and forecast, 2018 - 2030
Fig. 39 Others market estimates and forecast, 2018 - 2030
Fig. 40 Insulin/glucose monitoring devices market estimates and forecast, 2018 - 2030
Fig. 41 Insulin pumps estimates and forecast, 2018 - 2030
Fig. 42 Others market estimates and forecast, 2018 - 2030
Fig. 43 Rehabilitation devices estimates and forecast, 2018 - 2030
Fig. 44 Accelerometers market estimates and forecast, 2018 - 2030
Fig. 45 Sensing devices market estimates and forecast, 2018 - 2030
Fig. 46 Ultrasound platform market estimates and forecast, 2018 - 2030
Fig. 47 Others market estimates and forecast, 2018 - 2030
Fig. 48 Respiratory therapy devices market estimates and forecast, 2018 - 2030
Fig. 49 Ventilators market estimates and forecast, 2018 - 2030
Fig. 50 Positive Airway Pressure (PAP) Devices market estimates and forecast, 2018 - 2030
Fig. 51 Portable Oxygen Concentrators market estimates and forecast, 2018 - 2030
Fig. 52 Others market estimates and forecast, 2018 - 2030
Fig. 53 Saudi Arabia wearable medical devices market: site outlook and key takeaways
Fig. 54 Handheld market estimates and forecasts, 2018 - 2030
Fig. 55 Headband market estimates and forecasts,2018 - 2030
Fig. 56 Strap/clip/bracelet market estimates and forecasts, 2018 - 2030
Fig. 57 Shoe sensors market estimates and forecasts,2018 - 2030
Fig. 58 Other market estimates and forecasts,2018 - 2030
Fig. 59 Saudi Arabia wearable medical devices market: Application outlook and key takeaways
Fig. 60 Sport and fitness market estimates and forecasts, 2018 - 2030
Fig. 61 Remote patient monitoring market estimates and forecasts, 2018 - 2030
Fig. 62 Other market estimates and forecasts,2018 - 2030
Fig. 63 Saudi Arabia wearable medical devices market: Grade type outlook and key takeaways
Fig. 64 Pharmacies market estimates and forecasts, 2018 - 2030
Fig. 65 Online channel market estimates and forecasts,2018 - 2030
Fig. 66 Hypermarkets market estimates and forecasts,2018 - 2030
Fig. 67 Saudi Arabia wearable medical devices market: Distribution channel outlook and key takeaways
Fig. 68 Consumer-grade wearable medical devices market estimates and forecasts, 2018 - 2030
Fig. 69 Clinical wearable medical devices market estimates and forecasts, 2018 - 2030

Companies Mentioned

  • Koninklijke Philips N.V.
  • Garmin
  • Covidien (Medtronic)
  • Omron Healthcare Co., Ltd.
  • Polar electro
  • Sotera Wireless
  • Huawei Device Co., Ltd.
  • Apple Inc.

Methodology

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Table Information