Kuwait Cardiac Rhythm Management Devices Market Size & Outlook
Kuwait cardiac rhythm management devices market, 2018-2030 (US$M)
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Kuwait cardiac rhythm management devices market highlights
- The Kuwait cardiac rhythm management devices market generated a revenue of USD 68.5 million in 2024 and is expected to reach USD 97.2 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 6% from 2025 to 2030.
- In terms of segment, defibrillators was the largest revenue generating product in 2024.
- Defibrillators is the most lucrative product segment registering the fastest growth during the forecast period.
Cardiac rhythm management devices market data book summary
| Market revenue in 2024 | USD 68.5 million |
| Market revenue in 2030 | USD 97.2 million |
| Growth rate | 6% (CAGR from 2024 to 2030) |
| Largest segment | Defibrillators |
| Fastest growing segment | Defibrillators |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pacemakers, Defibrillators, Cardiac Resynchronization Therapy (CRT) |
| Key market players worldwide | Stryker Corp, BIOTRONIK, SCHILLER, Medtronic PLC, Abbott Laboratories, Koninklijke Philips NV, ZOLL Medical Corporation, Boston Scientific Corp, LivaNova PLC, Progetti Medical |
Other key industry trends
- In terms of revenue, Kuwait accounted for 0.4% of the global cardiac rhythm management devices market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa cardiac rhythm management devices market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 194.1 million by 2030.
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Cardiac Rhythm Management Devices Market Scope
Cardiac Rhythm Management Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Kuwait cardiac rhythm management devices 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 rhythm management devices market will help companies and investors design strategic landscapes.
Defibrillators was the largest segment with a revenue share of 52.55% in 2024. Horizon Databook has segmented the Kuwait cardiac rhythm management devices market based on pacemakers, defibrillators, cardiac resynchronization therapy (crt) covering the revenue growth of each sub-segment from 2018 to 2030.
The primary factor driving the CRM device market in Kuwait is the increasing prevalence of heart diseases. Heart diseases, including coronary heart diseases, are a significant health concern in Kuwait, and the demand for CRM devices is directly influenced by the number of people affected by these conditions.
The government's initiatives to improve healthcare infrastructure and services have also played a significant role in the growth of the cardiac rhythm management devices market in Kuwait. The government has been investing heavily in healthcare infrastructure, including hospitals, clinics, and medical equipment, which has helped to improve the quality of healthcare services in the country.
This has made it easier for patients to access CRMDs and receive timely treatment for their heart conditions. In addition, Kuwait’s growing aging population contributes to market growth. As per the United Nations Population Fund’s World Population Dashboard data for 2021, around 3.4% of Kuwait’s population comprises individuals 65 and older.
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Our clientele includes a mix of cardiac rhythm management devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 Kuwait cardiac rhythm management devices market, including forecasts for subscribers. This country databook contains high-level insights into Kuwait cardiac rhythm management devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait cardiac rhythm management devices industry size, by product, 2018-2030 (US$M)
Kuwait Cardiac Rhythm Management Devices Market Share, 2024 & 2030 (US$M)
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