Middle East & Africa Congestive Heart Failure Treatment Devices Market Size & Outlook
Middle East & Africa congestive heart failure treatment devices market, 2018-2030 (US$M)
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MEA congestive heart failure treatment devices market highlights
- The MEA congestive heart failure treatment devices market generated a revenue of USD 1,230.9 million in 2023.
- The market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, ventricular assist devices was the largest revenue generating product in 2023.
- Ventricular assist devices is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 1,230.9 million |
| Market revenue in 2030 | USD 2,350.3 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Ventricular assist devices |
| Fastest growing segment | Ventricular assist devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ventricular assist devices |
| Key market players worldwide | Medtronic PLC, Boston Scientific Corp, BIOTRONIK, Abbott Laboratories |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.4% of the global congestive heart failure treatment devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 2,350.3 million by 2030.
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Congestive Heart Failure Treatment Devices Market Scope
Congestive Heart Failure Treatment Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa congestive heart failure treatment 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 congestive heart failure treatment devices market will help companies and investors design strategic landscapes.
Ventricular assist devices was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa congestive heart failure treatment devices market based on ventricular assist devices covering the revenue growth of each sub-segment from 2018 to 2030.
The regional disease burden, increasing privatization, expanding health insurance penetration, and a desire to attract skilled healthcare providers have presented a profitable scenario for these devices in the Middle Eastern countries.
Countries such as Saudi Arabia, Qatar, United Arab Emirates, Kuwait, & Oman are prospering economies and advancements in the healthcare system are expected to increase the demand for CHF treatment devices in this region.
On the contrary, some countries in the African region lack adequate healthcare infrastructure, to address which the countries are taking initiatives to coordinate with the WHO or other independent organizations. This is expected to help this market to further develop.
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Our clientele includes a mix of congestive heart failure treatment devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa congestive heart failure treatment devices market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa congestive heart failure treatment devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa congestive heart failure treatment devices market
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