The Market for Rubber Medical Devices in Middle East: Focus on Saudi Arabia and Iran (March 2015)

72 pages. This report examines the market for rubber medical devices including surgical and examination gloves, condoms and Foley catheters in the Middle East region. The study focuses on Saudi Arabia and Iran being the major countries in the region by size of economy and population. It provides information on the two countries with respect to consumption of rubber medical devices and identifies the market potential for exports of the products from Malaysia. With a combine population of slightly over 100 million, Saudi Arabia and Iran are the two most attractive markets for rubber medical devices in the Middle East. Except for condoms, the market for rubber medical devices is projected to grow steadily over the next few years by a CAGR of 8 to 10% between 2013 and 2016. The growth will be driven mainly by the completion of new health facilities in both public and private sectors as well as the government healthcare programmes. Imports of rubber medical devices is expected to grow further as domestic production is currently limited and insufficient to meet increasing demand. Malaysia is currently one of the top exporters of gloves and condoms to Saudi Arabia and Iran.