Saudi Arabia Cardiovascular Ultrasound Market Size & Outlook
Saudi Arabia cardiovascular ultrasound market, 2018-2030 (US$M)
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Saudi Arabia cardiovascular ultrasound market highlights
- The Saudi Arabia cardiovascular ultrasound market generated a revenue of USD 54.0 million in 2023 and is expected to reach USD 77.0 million by 2030.
- The Saudi Arabia 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.
Cardiovascular ultrasound market data book summary
| Market revenue in 2023 | USD 54.0 million |
| Market revenue in 2030 | USD 77.0 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Transthoracic echocardiography |
| Fastest growing segment | Fetal Echocardiography |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 1.9% of the global cardiovascular ultrasound 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 cardiovascular ultrasound 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 115.5 million by 2030.
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Cardiovascular Ultrasound Market Scope
Cardiovascular Ultrasound Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 55.37% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Insurance and healthcare are provided by both government and private entities. Changing lifestyle in Saudi Arabia and growing incidence of conditions such as obesity, blood pressure-related diseases, and diabetes increase the burden of chronic diseases. According to WHO, cardiovascular diseases are leading cause of death in the country.
Thus, high prevalence of cardiovascular diseases is anticipated to boost cardiovascular ultrasound market. The Saudi Society of Echocardiography (SASE) helps in improving the practice standards and proper usage of echocardiography by cardiovascular care providers.
Moreover, the society provides training to echo technologists regarding optimal and complete diagnostic method and different modalities of echocardiography.
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Target buyers of Saudi Arabia 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 country-level data and insights on the Saudi Arabia cardiovascular ultrasound market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia cardiovascular ultrasound market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia cardiovascular ultrasound market size, by type, 2018-2030 (US$M)
Saudi Arabia Cardiovascular Ultrasound Market Outlook Share, 2023 & 2030 (US$M)
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