MarkNtel Advisors recently published a report, titled, ” Saudi Arabia Consumer Health Market By Disease Type Cardiovascular Diseases, Respiratory Diseases, Lifestyle Diseases [Diabetes, Obesity, Depression, High Blood Pressure, High Cholesterol, Others]), By Category (Weight Management & Wellbeing, Sports Nutrition, Pediatric Health, OTC Pharmaceuticals),Other. As per as the report The Saudi Arabia Consumer Health Market is projected to grow at a noteworthy CAGR during the forecast period, i.e., 2023-28.
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Market Dynamics
Key Driver: Rising Focus on Preventive Healthcare & Ever-Increased Health Consciousness-With the growing understanding among people of the importance of early intervention, healthy lifestyles, & disease prevention, they have shifted their healthcare priorities toward preventive measures rather than focusing on treatment in the past few years. The population of Saudi Arabia is becoming increasingly health conscious and looking for ways to improve & sustain their personal health & well-being. People are massively investing in personal health management and opting for products that can help them maintain good health, prevent diseases, and manage minor health issues independently. This trend is augmenting the demand for a wide range of OTC drugs, dietary supplements, vitamins, & personal care items and is the prime aspect projected to drive the Saudi Arabia Consumer Health Market during 2023-28.
Leading Companies in Saudi Arabia Consumer Health Market:
Cleopatra Hospital Group, Saudi German Hospital, As-Salam International Hospital, Katameya Clinic Hospital (KCH), EL Nozha International Hospital (NIH), Wadi ElNeel Hospital, Arab Contractors Medical Center, Ganzouri Specialized Hospital, and Others.
Saudi Arabia Consumer Health Market Segmentation:
By Type
-Vitamins and Dietary Supplements, By Revenues (USD Million), 2018-2028
-Paediatric Digestive Health, By Revenues (USD Million), 2018-2028
-Nappy or Rash Treatment, By Revenues (USD Million), 2018-2028
-Others, By Revenues (USD Million), 2018-2028
By Competition
-Top Competitors in 2021-2023
-Top Brands in the Market.
Among them all, Diabetes holds a significant share of the Saudi Arabia Consumer Health Market. Diabetes is a prevalent health concern in the country, owing to which the demand for various diabetes management products like blood glucose monitoring devices, test strips, insulin, oral antidiabetic medications, & diabetic care supplies, among others, is constantly rising so individuals can manage their condition effectively. Both insulin & oral antidiabetic medications are commonly prescribed to individuals with Diabetes and play a notable role in managing blood sugar levels while controlling the symptoms.
The ever-increased use of self-monitoring devices is also augmenting the market growth. Diabetic patients often require regular monitoring of their blood glucose levels, i.e., driving the demand for glucometers and CGM (Continuous Glucose Monitoring) systems, which allow individuals to track their blood glucose levels at home and reduce the need for frequent visits to healthcare facilities, thereby promoting self-management.
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Key questions answered in the Saudi Arabia Consumer Health Market are:
- What is Saudi Arabia Consumer Health Market?
- What was the market size in 2023?
- What is the growth rate of the Saudi Arabia Consumer Health Market?
- Which are the factors expected to drive the market growth?
- What are the different segments of the Saudi Arabia Consumer Health Market?
- What segments are covered in the Market?
- Who are the key players in the Saudi Arabia Consumer Health Market?
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