Market revenue in 2023 | USD 2.6 million |
Market revenue in 2030 | USD 3.8 million |
Growth rate | 5.8% (CAGR from 2023 to 2030) |
Largest segment | Cardiac |
Fastest growing segment | Dermatology |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Cardiac, Dermatology, Nasal |
Key market players worldwide | Medtronic PLC, Becton Dickinson & Co, Edwards Lifesciences Corp, LivaNova PLC, Smiths Group PLC, Boston Scientific Corp |
Cardiac was the largest segment with a revenue share of 46.15% in 2023. Horizon Databook has segmented the Saudi Arabia cannula market based on cardiac, dermatology, nasal covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia is the most lucrative country in the Middle East for medical devices market, thereby showcasing great growth potential for cannula market. Technological advancements and introduction of modern techniques for diagnosis and treatment in the healthcare industry are among the factors expected to boost the market during the forecast period.
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