UAE Guidewires Market Size & Outlook, 2023-2030
UAE guidewires market, 2018-2030 (US$M)
Related Markets
UAE guidewires market highlights
- The UAE guidewires market generated a revenue of USD 23.4 million in 2023 and is expected to reach USD 37.1 million by 2030.
- The UAE market is expected to grow at a CAGR of 6.8% 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.
Guidewires market data book summary
| Market revenue in 2023 | USD 23.4 million |
| Market revenue in 2030 | USD 37.1 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Coronary guidewires |
| Fastest growing segment | Neurovascular guidewires |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UAE accounted for 0.9% of the global guidewires market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia guidewires market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 26.6 million by 2030.
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Guidewires Market Scope
Guidewires Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE 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 42.74% in 2023. Horizon Databook has segmented the UAE guidewires market based on coronary guidewires, peripheral guidewires, urology guidewires, neurovascular guidewires covering the revenue growth of each sub-segment from 2018 to 2030.
High prevalence of CVDs in UAE is anticipated to fuel the market growth. For instance, according to Institute of Health Metrics and Evaluation, in 2017, nearly 350,411 cases of CVDs were reported in the country.
The strict regulations in the country, such as restriction on 100% direct foreign investments, are anticipated to limit market growth. For instance, the UAE Commercial Companies Law mandates that companies established in the country to have at least one UAE national partner who holds minimum 51% of the company’s capital.
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Target buyers of UAE guidewires market databook
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Our clientele includes a mix of guidewires market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE guidewires market , including forecasts for subscribers. This country databook contains high-level insights into UAE guidewires market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE guidewires market size, by product, 2018-2030 (US$M)
UAE Guidewires Market Outlook Share, 2023 & 2030 (US$M)
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