Saudi Arabia Electrophysiology Devices Market Size & Outlook
Saudi Arabia electrophysiology devices market, 2018-2030 (US$M)
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Saudi Arabia electrophysiology devices market highlights
- The Saudi Arabia electrophysiology devices market generated a revenue of USD 51.1 million in 2023 and is expected to reach USD 100.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, ablation catheters was the largest revenue generating device in 2023.
- Ablation Catheters is the most lucrative device segment registering the fastest growth during the forecast period.
Electrophysiology devices market data book summary
| Market revenue in 2023 | USD 51.1 million |
| Market revenue in 2030 | USD 100.4 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Ablation catheters |
| Fastest growing segment | Ablation Catheters |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Catheters, Laboratory Devices, Access Devices, Ablation Catheters |
| Key market players worldwide | Boston Scientific Corp, Medtronic PLC, Abbott Laboratories, Johnson & Johnson, BIOTRONIK, GE Aerospace, Siemens Healthineers AG ADR, MicroPort Scientific Corp, Koninklijke Philips NV |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.5% of the global electrophysiology devices 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 electrophysiology devices 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 100.4 million by 2030.
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Electrophysiology Devices Market Scope
Electrophysiology Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia electrophysiology 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 electrophysiology devices market will help companies and investors design strategic landscapes.
Ablation catheters was the largest segment with a revenue share of 47.36% in 2024. Horizon Databook has segmented the Saudi Arabia electrophysiology devices market based on diagnostic catheters, laboratory devices, access devices, ablation catheters covering the revenue growth of each sub-segment from 2018 to 2030.
AFib is a key driver of the EP Devices Market in Saudi Arabia due to its high prevalence, associated complications, advancements in treatment options, increasing awareness, and government support for healthcare initiatives.
These factors contribute to the growing demand for EP devices used in the management of AF in Saudi Arabia. According to an article published by NIH in 2018, the study found that the rate of AFib among Saudi Arabian patients with chronic HF was 14.9%.
The rate was higher; there were coexisting demographic and clinical risk factors such as the aging population, male gender, smoking, and hypertension. Collaborations play a significant role in driving the electrophysiology devices market in Saudi Arabia.
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Target buyers of Saudi Arabia electrophysiology devices market databook
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Our clientele includes a mix of electrophysiology devices market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia electrophysiology devices market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia electrophysiology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia electrophysiology devices market size, by application, 2018-2030 (US$M)
Saudi Arabia Electrophysiology Devices Market Share, 2024 & 2030 (US$M)
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