UAE Neurostimulation Devices Market Size & Outlook
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UAE neurostimulation devices market highlights
- The UAE neurostimulation devices market generated a revenue of USD 37.8 million in 2023 and is expected to reach USD 93.1 million by 2030.
- The UAE market is expected to grow at a CAGR of 13.7% from 2024 to 2030.
- In terms of segment, spinal cord stimulator was the largest revenue generating product in 2023.
- Sacral Nerve Stimulator is the most lucrative product segment registering the fastest growth during the forecast period.
Neurostimulation devices market data book summary
| Market revenue in 2023 | USD 37.8 million |
| Market revenue in 2030 | USD 93.1 million |
| Growth rate | 13.7% (CAGR from 2023 to 2030) |
| Largest segment | Spinal cord stimulator |
| Fastest growing segment | Sacral Nerve Stimulator |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Spinal Cord Stimulator, Deep Brain Stimulator, Sacral Nerve Stimulator, Vagus Nerve Stimulator, Gastric Electric Stimulator |
| Key market players worldwide | Medtronic PLC, LivaNova PLC, Boston Scientific Corp, St. Jude Medical, Nevro Corp |
Other key industry trends
- In terms of revenue, UAE accounted for 0.6% of the global neurostimulation devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE neurostimulation devices market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 70.2 million by 2030.
Spinal cord stimulator was the largest segment with a revenue share of 47.09% in 2023. Horizon Databook has segmented the UAE neurostimulation devices market based on spinal cord stimulator, deep brain stimulator, sacral nerve stimulator, vagus nerve stimulator, gastric electric stimulator covering the revenue growth of each sub-segment from 2018 to 2030.
The UAE is facing a shortage of medical trade personnel. For instance, according to the Dubai Health Authority (DHA), there is likely to be a need for about 8,000 additional beds in Dubai by 2025. As per the country’s current provisions, medical facilities are free of cost for UAE citizens.
These factors may restrain market growth. However, due to the medical facilities provided to the citizens & healthcare professionals, the demand for neurostimulation devices in the UAE is expected to increase in the coming years.
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Neurostimulation Devices Market Scope
Neurostimulation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LivaNova PLC | View profile | 2900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | https://www.livanova.com |
| St. Jude Medical | View profile | 10001+ | Saint Paul, Minnesota, United States, North America | http://www.sjm.com |
| Nevro Corp | View profile | 1215 | 1800 Bridge Parkway, Redwood City, CA, United States, 94065 | https://www.nevro.com |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
UAE neurostimulation devices market size, by product, 2018-2030 (US$M)
UAE Neurostimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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