Saudi Arabia Flow Diverters Market Size & Outlook
Saudi Arabia flow diverters market, 2018-2030 (US$M)
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Saudi Arabia flow diverters market highlights
- The Saudi Arabia flow diverters market generated a revenue of USD 2.9 million in 2023 and is expected to reach USD 6.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 11.2% from 2024 to 2030.
- In terms of segment, >5mm was the largest revenue generating product in 2023.
- 3-4mm is the most lucrative product segment registering the fastest growth during the forecast period.
Flow diverters market data book summary
| Market revenue in 2023 | USD 2.9 million |
| Market revenue in 2030 | USD 6.0 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | >5mm |
| Fastest growing segment | 3-4mm |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 2-3mm, 3-4mm, 4-5mm, >5mm |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Terumo Corp, MicroPort Scientific Corp, Johnson & Johnson, InspireMD Inc, Balt, Phenox, Acandis GmbH |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.9% of the global flow diverters market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE flow diverters 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 6.0 million by 2030.
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Flow Diverters Market Scope
Flow Diverters Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia flow diverters 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 flow diverters market will help companies and investors design strategic landscapes.
>5mm was the largest segment with a revenue share of 65.52% in 2023. Horizon Databook has segmented the Saudi Arabia flow diverters market based on 2-3mm, 3-4mm, 4-5mm, >5mm covering the revenue growth of each sub-segment from 2018 to 2030.
The Ministry of Health (MOH) is the main organization responsible for maintaining healthcare services in Saudi Arabia. Both government & private entities provide healthcare insurance. With increasing incidences of obesity, high blood pressure, and other lifestyle disorders, the burden of chronic disease in the country is rising.
Moreover, the high rate of urbanization in some parts of Mecca, Riyadh, and the Eastern Province is creating huge growth opportunities for market players. An increase in programs initiated by NGOs & governments to raise awareness about intracranial aneurysms and the growing prevalence of diseases, such as hypertension, is expected to drive the market.
For instance, according to the Ministry of Health, the incidence of prehypertension in Saudi Arabia has increased, affecting 3 million men and more than 2 million women. This is expected to boost the market over the forecast period.
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Our clientele includes a mix of flow diverters 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 flow diverters market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia flow diverters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia flow diverters market size, by product, 2018-2030 (US$M)
Saudi Arabia Flow Diverters Market Outlook Share, 2023 & 2030 (US$M)
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