Middle East & Africa Cardiovascular Ultrasound Market Size & Outlook
Middle East & Africa cardiovascular ultrasound market, 2018-2030 (US$M)
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MEA cardiovascular ultrasound market highlights
- The MEA cardiovascular ultrasound market generated a revenue of USD 303.2 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, transthoracic echocardiography was the largest revenue generating type in 2023.
- Fetal Echocardiography is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 303.2 million |
| Market revenue in 2030 | USD 431.7 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Transthoracic echocardiography |
| Fastest growing segment | Fetal Echocardiography |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transthoracic Echocardiography, Transesophageal Echocardiography, Fetal Echocardiography, Other Types |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Koninklijke Philips NV, Siemens Healthineers AG ADR, Hitachi Ltd, shenzhen mindray automation equipment co., FUJIFILM Holdings Corp, Samsung Medison, Chison Medical Technologies |
Other key industry trends
- In terms of revenue, MEA region accounted for 10.6% of the global cardiovascular ultrasound market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,021.9 million by 2030.
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Cardiovascular Ultrasound Market Scope
Cardiovascular Ultrasound Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa cardiovascular ultrasound 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 cardiovascular ultrasound market will help companies and investors design strategic landscapes.
Transthoracic echocardiography was the largest segment with a revenue share of 55.38% in 2023. Horizon Databook has segmented the Middle East & Africa cardiovascular ultrasound market based on transthoracic echocardiography, transesophageal echocardiography, fetal echocardiography, other types covering the revenue growth of each sub-segment from 2018 to 2030.
Countries such as Germany, India, and China are major importers of devices from this region due to geographic proximity to this region & quality parameters. Saudi Arabia and the UAE are developing markets with significant growth opportunities. On the other hand, North African states lack proper healthcare infrastructure due to underdeveloped economies.
According to Federal Statistics and Competitive Authority, in 2014, there were 79 hospitals in the public sector and 36 hospitals in the private sector. The number of trained healthcare professionals in these medical settings is expected to increase significantly due to favorable government initiatives. Therefore, presence of well-developed healthcare facilities and growing per capita healthcare expenditure in countries such as the UAE and Saudi Arabia are expected to aid the growth of this market.
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Target buyers of Middle East & Africa cardiovascular ultrasound market databook
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Our clientele includes a mix of cardiovascular ultrasound 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 continent-level data and insights on the Middle East & Africa cardiovascular ultrasound market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cardiovascular ultrasound market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA cardiovascular ultrasound market size, by country, 2018-2030 (US$M)
Middle East & Africa Cardiovascular Ultrasound Market Outlook Share, 2023 & 2030 (US$M)
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