Saudi Arabia Cardiac Resynchronization Therapy Market Size & Outlook
Saudi Arabia cardiac resynchronization therapy market, 2018-2030 (US$M)
Related Markets
Saudi Arabia cardiac resynchronization therapy market highlights
- The Saudi Arabia cardiac resynchronization therapy market generated a revenue of USD 34.2 million in 2023 and is expected to reach USD 47.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, crt-defibrillator was the largest revenue generating product in 2023.
- CRT-Pacemaker is the most lucrative product segment registering the fastest growth during the forecast period.
Cardiac resynchronization therapy market data book summary
| Market revenue in 2023 | USD 34.2 million |
| Market revenue in 2030 | USD 47.4 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Crt-defibrillator |
| Fastest growing segment | CRT-Pacemaker |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CRT-Defibrillator, CRT-Pacemaker |
| Key market players worldwide | Medtronic PLC, Abbott Laboratories, Boston Scientific Corp, BIOTRONIK, MicroPort Scientific Corp, LivaNova PLC |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.8% of the global cardiac resynchronization therapy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa cardiac resynchronization therapy 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 58.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Cardiac Resynchronization Therapy Market Scope
Cardiac Resynchronization Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia cardiac resynchronization therapy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cardiac resynchronization therapy market will help companies and investors design strategic landscapes.
Crt-defibrillator was the largest segment with a revenue share of 58.48% in 2023. Horizon Databook has segmented the Saudi Arabia cardiac resynchronization therapy market based on crt-defibrillator, crt-pacemaker covering the revenue growth of each sub-segment from 2018 to 2030.
As per the 2009-2011 HEart function Assessment Registry Trial in Saudi Arabia (HEARTS), 6.6% of patients were implanted with CRT devices at enrollment. This number increased to 8.8% after 1 year. The adoption of CRT devices in Saudi Arabia is comparatively lower than global average. The COVID-19 pandemic further impacted the market.
It led to interruptions in continuity of care for chronic cardiac conditions, such as heart failure patients and cancellation of nonurgent hospital visits. In response, the Saudi Heart Failure Working Group (SAUDI-HF) specified several recommendations to ensure quality and continuity of care for HF patients. Chronic HF patients in the country commonly have severe LV systolic dysfunction, are younger, with relatively high re-hospitalization rates, and annual mortality. This is anticipated to fuel the market in coming years.
Reasons to subscribe to Saudi Arabia cardiac resynchronization therapy market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Saudi Arabia cardiac resynchronization therapy market databook
-
Our clientele includes a mix of cardiac resynchronization therapy market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia cardiac resynchronization therapy market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia cardiac resynchronization therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Saudi Arabia cardiac resynchronization therapy market size, by product, 2018-2030 (US$M)
Saudi Arabia Cardiac Resynchronization Therapy Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
