Saudi Arabia Catheter Market Size & Outlook, 2022-2030
Saudi Arabia catheter market, 2018-2030 (US$M)
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Saudi Arabia catheter market highlights
- The Saudi Arabia catheter market generated a revenue of USD 793.9 million in 2022 and is expected to reach USD 1,244.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.8% from 2023 to 2030.
- In terms of segment, specialty catheters was the largest revenue generating product in 2022.
- Specialty Catheters is the most lucrative product segment registering the fastest growth during the forecast period.
Catheter market data book summary
| Market revenue in 2022 | USD 793.9 million |
| Market revenue in 2030 | USD 1,244.5 million |
| Growth rate | 5.8% (CAGR from 2022 to 2030) |
| Largest segment | Specialty catheters |
| Fastest growing segment | Specialty Catheters |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters, Specialty Catheters |
| Key market players worldwide | Hollister, Medtronic PLC, Boston Scientific Corp, Edwards Lifesciences Corp, Smiths Group PLC, Teleflex Inc, ConvaTec Group PLC, Cure Medical |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.5% of the global catheter market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia catheter market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,244.5 million by 2030.
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Catheter Market Scope
Catheter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia catheter 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 catheter market will help companies and investors design strategic landscapes.
Specialty catheters was the largest segment with a revenue share of 29.22% in 2022. Horizon Databook has segmented the Saudi Arabia catheter market based on cardiovascular catheters, urology catheters, intravenous catheters, neurovascular catheters, specialty catheters covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in cardiac catheterization procedures, favorable government policies, and high healthcare expenditure are few factors driving the market.
The healthcare system in Saudi Arabia is outperforming others due to the continuous efforts of the government and multinational companies.
For instance, in December 2017, Saudi government established a new Cardiac Catheterization Center at the King Saud Medical City. The center is expected to increase the number of cardiac surgeries to 3,000 per year.
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Target buyers of Saudi Arabia catheter market databook
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Our clientele includes a mix of catheter 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 catheter market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia catheter market size, by product, 2018-2030 (US$M)
Saudi Arabia Catheter Market Outlook Share, 2022 & 2030 (US$M)
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