Saudi Arabia Drug Device Combination Products Market Size & Outlook
Saudi Arabia drug device combination products market, 2018-2030 (US$M)
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Saudi Arabia drug device combination products market highlights
- The Saudi Arabia drug device combination products market generated a revenue of USD 661.8 million in 2023 and is expected to reach USD 1,102.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, transdermal patches was the largest revenue generating product in 2023.
- Photodynamic Therapy Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Drug device combination products market data book summary
| Market revenue in 2023 | USD 661.8 million |
| Market revenue in 2030 | USD 1,102.3 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Transdermal patches |
| Fastest growing segment | Photodynamic Therapy Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Photodynamic Therapy Devices, Transdermal Patches, Wound Care Products, Infusion Pumps, Orthopedic Combination Products, Drug Eluting Stents, Inhalers, Antimicrobial Catheters |
| Key market players worldwide | Abbott Laboratories, Terumo Corp, Stryker Corp, Viatris Inc, Medtronic PLC, Boston Scientific Corp, Novartis AG ADR, Becton Dickinson & Co, Teleflex Inc, W L Gore & Associates |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.5% of the global drug device combination products 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 drug device combination products market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 543.5 million by 2030.
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Drug Device Combination Products Market Scope
Drug Device Combination Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia drug device combination products 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 drug device combination products market will help companies and investors design strategic landscapes.
Transdermal patches was the largest segment with a revenue share of 23.18% in 2023. Horizon Databook has segmented the Saudi Arabia drug device combination products market based on photodynamic therapy devices, transdermal patches, wound care products, infusion pumps, orthopedic combination products, drug eluting stents, inhalers, antimicrobial catheters covering the revenue growth of each sub-segment from 2018 to 2030.
An increase in the demand for minimally invasive surgical procedures and advancements in drug-device combination products are expected to positively impact the market in Saudi Arabia. The growing incidence of cancer can be attributed to major changes in socioeconomic factors. Changes in lifestyle due to Westernization include increased consumption of processed food and sedentary behavior.
These lifestyle changes are likely to be responsible for the increase in the incidence of several diseases, including cancer. However, due to low awareness, the adoption of drug-device combination products is less in the country, which may restrict the market growth. In Saudi Arabia's drug-device combination products market, a competitive environment is developing as companies focus on technological innovations and market penetration strategies.
Companies are focusing on continuous innovation and introducing advanced products specifically designed for Saudi Arabia's healthcare needs.
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Our clientele includes a mix of drug device combination products market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia drug device combination products market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia drug device combination products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia drug device combination products market size, by product, 2018-2030 (US$M)
Saudi Arabia Drug Device Combination Products Market Outlook Share, 2023 & 2030 (US$M)
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