South Africa Flow Diverters Market Size & Outlook
South Africa flow diverters market, 2018-2030 (US$M)
Related Markets
South Africa flow diverters market highlights
- The South Africa flow diverters market generated a revenue of USD 3.9 million in 2023 and is expected to reach USD 7.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, >5mm was the largest revenue generating product in 2023.
- 2-3mm 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 3.9 million |
| Market revenue in 2030 | USD 7.7 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | >5mm |
| Fastest growing segment | 2-3mm |
| 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, South Africa accounted for 1.3% 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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South Africa 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 69.23% in 2023. Horizon Databook has segmented the South Africa flow diverters market based on 2-3mm, 3-4mm, 4-5mm, >5mm covering the revenue growth of each sub-segment from 2018 to 2030.
Government and healthcare organizations are undertaking initiatives to improve healthcare facilities in South Africa. The economic development of South Africa and the presence of high unmet healthcare needs are some of the primary drivers of this market.
The expected growth in healthcare spending and rising demand for advanced healthcare treatments are anticipated to boost the flow diverters market during the forecast period. Moreover, the government is undertaking initiatives to regulate the healthcare industry in South Africa.
The South African devices market is very price-sensitive. At present, the Medicines Control Council (MCC) regulates the devices that have a pharmaceutical attached to them. The regulatory process for these devices is lengthy and complicated.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa flow diverters market , including forecasts for subscribers. This country databook contains high-level insights into South Africa flow diverters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa flow diverters market size, by product, 2018-2030 (US$M)
South Africa Flow Diverters Market Outlook Share, 2023 & 2030 (US$M)
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