The Saudi Arabia medical equipment third party calibration services market size is expected to reach USD 1.15 million by 2030 expanding at a CAGR of 8.4% from 2023 to 2030. The growth is attributed to the advancements in the medical device sector, stringent regulations pertaining to the standardization of devices, and increasing awareness about preventive medical equipment maintenance.
Medical equipment calibration configures the accuracy and measurement of the medical device or systems used in hospitals. This field aims to offer advanced healthcare treatment, such as diagnosis and monitoring. Moreover, it reduces misdiagnosis caused due to poorly standardized machines. The Aries Calibration LAB, a provider from Saudi Arabia offers cost-effective solutions to several industries. Several potential advantages of these machines and devices have impacted the country’s market positively.
Furthermore, due to the strong demand for maternity and pediatric care, several private health facilities, particularly in Riyadh and Jeddah, are concentrating on maternity and pediatric care. For mother and child care, hospitals such as Dallah Hospital, Specialist Medical Centre, and Dr. Sulaiman Al Habib have distinct buildings. According to Collier’s research, there is a significant need for maternity and pediatric services across KSA, particularly in Riyadh and Jeddah, which supports an economic case for building standalone hospitals or centers as a component of a hospital complex.
Diagnostic centers are also contributing to the growth of the Saudi Arabia market by meeting regulatory quality criteria. There has been an increase in the demand for diagnostic equipment in the country with the surge in the number of diagnostic centers and specialty clinics. Moreover, the calibration of hospital equipment is vital for more than just ensuring the best possible patient care. In light of the fact that doctors and nurses depend on the tools they use to monitor patients for accuracy & precision, hospital equipment calibration is essential for more reasons than just ensuring the best possible patient care.
Key players are considering several initiatives such as entering into a strategic alliance, and regional expansion among others. For instance, in January 2023, Al Borg Calibration Laboratory entered into a partnership agreement with SOS Medical Complex, which aims to manage and operate its medical laboratories for five year. It would conduct approximately 16.3 million tests per year.
Medical equipment calibration configures the accuracy and measurement of the medical device or systems used in hospitals. This field aims to offer advanced healthcare treatment, such as diagnosis and monitoring. Moreover, it reduces misdiagnosis caused due to poorly standardized machines. The Aries Calibration LAB, a provider from Saudi Arabia offers cost-effective solutions to several industries. Several potential advantages of these machines and devices have impacted the country’s market positively.
Furthermore, due to the strong demand for maternity and pediatric care, several private health facilities, particularly in Riyadh and Jeddah, are concentrating on maternity and pediatric care. For mother and child care, hospitals such as Dallah Hospital, Specialist Medical Centre, and Dr. Sulaiman Al Habib have distinct buildings. According to Collier’s research, there is a significant need for maternity and pediatric services across KSA, particularly in Riyadh and Jeddah, which supports an economic case for building standalone hospitals or centers as a component of a hospital complex.
Diagnostic centers are also contributing to the growth of the Saudi Arabia market by meeting regulatory quality criteria. There has been an increase in the demand for diagnostic equipment in the country with the surge in the number of diagnostic centers and specialty clinics. Moreover, the calibration of hospital equipment is vital for more than just ensuring the best possible patient care. In light of the fact that doctors and nurses depend on the tools they use to monitor patients for accuracy & precision, hospital equipment calibration is essential for more reasons than just ensuring the best possible patient care.
Key players are considering several initiatives such as entering into a strategic alliance, and regional expansion among others. For instance, in January 2023, Al Borg Calibration Laboratory entered into a partnership agreement with SOS Medical Complex, which aims to manage and operate its medical laboratories for five year. It would conduct approximately 16.3 million tests per year.
Saudi Arabia Medical Equipment Third Party Calibration Services Market Report Highlights
- The market is driven by increasing government initiatives, rising demand, and awareness for preventative medical equipment maintenance among others.
- Based on end-use segment, hospitals captured the highestmarket share in 2022. Calibration of hospital equipment is vital for more than just ensuring the best possible patient care.
- Clinical laboratories is projected to witness the fastest growth rate in the coming years. Clinical laboratories prefer to subscribe to annual or periodic service plans that cover the validation of all of the lab’s instruments.
Table of Contents
Chapter 1 Methodology And Scope1.1 Market Segmentation & Scope
1.1.1 End-Use
1.1.2 Estimates And Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details Of Primary Research
1.4 Information Or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 List Of Secondary Sources
1.7 List Of Primary Sources
1.8 List Of Abbreviations
1.9 Objectives
1.9.1 Objective - 1:
1.9.2 Objective - 2:
1.9.3 Objective - 3:
1.9.4 Objective - 4:
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
2.4 Segment Outlook
Chapter 3 Industry Outlook
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
3.2.1.1 Increasing Awareness And Demand For Preventative Medical Equipment Maintenance
3.2.1.2 Rising Government Initiatives In Saudi Arabia
3.2.1.3 Rapid Advancements In Technology And Research And Development (R&D)
3.2.2 Market Restraint Analysis
3.2.2.1 Top Five Risks For Medical Equipment Calibration Programs
3.2.2.1.1 Insufficient Expertise
3.2.2.1.2 Manual Or Outdated Methods
3.2.2.1.3 Hard Copy Calibration Certificates, Service Records
3.2.2.1.4 Lack Of Visibility
3.2.2.1.5 Uncalibrated Equipment In Production
3.2.3 Challenges
3.2.3.1 Challenges in medical devices calibration in Saudi Arabia
3.3 Business Environment Analysis Tools
3.3.1 Porter’s Five Forces Analysis
3.3.2 PESTEL Analysis
3.4 Covid-19 Impact and Recovery Analysis
3.5 Investment Breakdown Analysis for Calibration Laboratory Setup
3.6 Regulatory Framework & Analysis for Calibration Devices in Saudi Arabia
3.6.1 Healthcare in Saudi Arabia
3.6.2 healthcare facts in Saudi Arabia
3.6.3 Medical Devices Maintenance Regulations in Saudi Arabia
3.7 Impact of Accreditation on Service costs
3.8 Market Entry Strategy Analysis
Chapter 4 Saudi Arabia Medical Equipment Third Party Calibration Services Market: End-Use Segment Analysis
4.1 Saudi Arabia Medical Equipment Third Party Calibration Services: Market Share Analysis, 2022 & 2030
4.2 Hospitals
4.2.1 Hospitals Market, 2018 - 2030 (USD Million)
4.2.2 Hospitals Market, 2018 - 2030 (SAR Million)
4.2.3 Electrical
4.2.3.1 Electrical market, 2018 - 2030 (USD Million)
4.2.3.2 Electrical market, 2018 - 2030 (SAR Million)
4.2.4 Radio frequency (RF)
4.2.4.1 Radio frequency (RF) market, 2018 - 2030 (USD Million)
4.2.4.2 Radio frequency (RF) market, 2018 - 2030 (SAR Million)
4.2.5 Temperature
4.2.5.1 Temperature market, 2018 - 2030 (USD Million)
4.2.5.2 Temperature market, 2018 - 2030 (SAR Million)
4.2.6 Humidity
4.2.6.1 Humidity market, 2018 - 2030 (USD Million)
4.2.6.2 Humidity market, 2018 - 2030 (SAR Million)
4.2.7 Pressure
4.2.7.1 Pressure market, 2018 - 2030 (USD Million)
4.2.7.2 Pressure market, 2018 - 2030 (SAR Million)
4.2.8 Others
4.2.8.1 Others market, 2018 - 2030 (USD Million)
4.2.8.2 Others market, 2018 - 2030 (SAR Million)
4.3 Clinical Laboratories
4.3.1 Clinical Laboratories market, 2018 - 2030 (USD Million)
4.3.2 Clinical Laboratories market, 2018 - 2030 (SAR Million)
4.4 Others
4.4.1 others market, 2018 - 2030 (USD Million)
4.4.2 others market, 2018 - 2030 (SAR Million)
Chapter 5 Competitive Landscape
5.1 Participants’ Overview
5.2 Financial Performance
5.3 Heat Map Analysis, By Major Players in the Market
5.3.1 STRATEGY MAPPING
5.3.1.1 New launch
5.3.1.2 Partnerships
List of Tables
Table 1
Table 2 List of Secondary Sources
Table 3 List of Abbreviations
Table 4 Saudi Arabia Medical Equipment Third Party Calibration Services Market, by end-use, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 QFD modeling for market share assessment
Fig. 6 Market formulation & validation
Fig. 7 Market snapshot (2022)
Fig. 8 Segment snapshot (2022)
Fig. 9 Competitive landscape snapshot (2022)
Fig. 10 Market segmentation
Fig. 11 Parent market outlook
Fig. 12 Ancillary market outlook
Fig. 13 Market driver relevance analysis (Current & future impact)
Fig. 14 Porter’s five forces analysis
Fig. 15 SWOT analysis, by the factor (political & legal, economic and technological)
Fig. 16 Saudi Arabia medical equipment third-party calibration services market end-use outlook: segment dashboard
Fig. 17 Saudi Arabia medical equipment third-party calibration services market: end-use movement analysis
Fig. 18 Hospitals market, 2018 - 2030 (USD Million)
Fig. 19 Hospitals market, 2018 - 2030 (SAR Million)
Fig. 20 Electrical market, 2018 - 2030 (USD Million)
Fig. 21 Electrical market, 2018 - 2030 (SAR Million)
Fig. 22 Radio frequency (RF) market, 2018 - 2030 (USD Million)
Fig. 23 Radio frequency (RF) market, 2018 - 2030 ( SAR Million)
Fig. 24 Temperature market, 2018 - 2030 (USD Million)
Fig. 25 Temperature market, 2018 - 2030 ( SAR Million)
Fig. 26 Humidity market, 2018 - 2030 (USD Million)
Fig. 27 Humidity market, 2018 - 2030 ( SAR Million)
Fig. 28 Pressure market, 2018 - 2030 (USD Million)
Fig. 29 Pressure market, 2018 - 2030 ( SAR Million)
Fig. 30 Others market, 2018 - 2030 (USD Million)
Fig. 31 Others market, 2018 - 2030 ( SAR Million)
Fig. 32 Clinical laboratories market, 2018 - 2030 (USD Million)
Fig. 33 Clinical laboratories market, 2018 - 2030 ( SAR Million)
Fig. 34 Others market, 2018 - 2030 (USD Million)
Fig. 35 Others market, 2018 - 2030 ( SAR Million)
Fig. 36 Heat map analysis
Fig. 37 Strategic framework
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 66 |
| Published | February 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 0.59 Million |
| Forecasted Market Value ( USD | $ 1.15 Million |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Saudi Arabia |
