Middle East & Africa Guidewires Market Size & Outlook
Middle East & Africa guidewires market, 2018-2030 (US$M)
Related Markets
MEA guidewires market highlights
- The MEA guidewires market generated a revenue of USD 128.7 million in 2023.
- The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, coronary guidewires was the largest revenue generating product in 2023.
- Neurovascular guidewires is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 128.7 million |
| Market revenue in 2030 | USD 196.3 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Coronary guidewires |
| Fastest growing segment | Neurovascular guidewires |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Coronary guidewires, Peripheral guidewires, Urology guidewires, Neurovascular guidewires |
| Key market players worldwide | Boston Scientific Corp, Medtronic PLC, COOK, B. Braun, Terumo Corp, Abbott Laboratories, Stryker Corp, Teleflex Inc, BD |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.0% of the global guidewires market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 982.7 million by 2030.
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Guidewires Market Scope
Guidewires Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa guidewires 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 guidewires market will help companies and investors design strategic landscapes.
Coronary guidewires was the largest segment with a revenue share of 43.05% in 2023. Horizon Databook has segmented the Middle East & Africa guidewires market based on coronary guidewires, peripheral guidewires, urology guidewires, neurovascular guidewires covering the revenue growth of each sub-segment from 2018 to 2030.
Healthcare infrastructure in most of the Middle Eastern countries is well established, and government organizations cover almost 70% of the total healthcare expenditure of the residents. High-income countries, such as Saudi Arabia, Israel, and Qatar, are focusing on employing the latest technological devices in their healthcare infrastructure.
Saudi Arabia is the most populous country in the region, with the fastest growth rate. Prevalence of cardiovascular diseases is also high in this region due to unhealthy dietary habits of citizens stemming from their belief that being overweight is a symbol of prosperity. Mortality in this region due to heart diseases increased by 44%, stroke by 35%, and diabetes by 87% in 2013.
High blood pressure is among the major risk factors for cardiovascular diseases in the African region, with a prevalence of about 20 million. This scenario is likely to worsen over the forecast period, thereby augmenting the demand for guidewires used for minimally invasive surgeries. Some of the key players in the guidewires market in the MEA are SP Medical, Biometrix, Stryker, and B. Braun Melsungen AG.
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Our clientele includes a mix of guidewires 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 guidewires market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa guidewires market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA guidewires market size, by country, 2018-2030 (US$M)
Middle East & Africa Guidewires Market Outlook Share, 2023 & 2030 (US$M)
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