Saudi Arabia Health Sensors Market Size & Outlook
Saudi Arabia health sensors market, 2018-2030 (US$M)
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Saudi Arabia health sensors market highlights
- The Saudi Arabia health sensors market generated a revenue of USD 327.8 million in 2021 and is expected to reach USD 1,156.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 15% from 2022 to 2030.
- In terms of segment, wearable sensors was the largest revenue generating product in 2021.
- Implantable/ingestible sensors is the most lucrative product segment registering the fastest growth during the forecast period.
Health sensors market data book summary
| Market revenue in 2021 | USD 327.8 million |
| Market revenue in 2030 | USD 1,156.3 million |
| Growth rate | 15% (CAGR from 2021 to 2030) |
| Largest segment | Wearable sensors |
| Fastest growing segment | Implantable/ingestible sensors |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hand held diagnostic sensors, Wearable sensors, Implantable/ingestible sensors |
| Key market players worldwide | Analog Devices Inc, Danaher Corp, GE HealthCare Technologies Inc Common Stock, Honeywell International Inc, Medtronic PLC, Smiths Group PLC, Koninklijke Philips NV, Stryker Corp, Abbott Laboratories, Roche Holding AG ADR, Hologic Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.8% of the global health sensors market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa health sensors market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 895.0 million by 2030.
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Health Sensors Market Scope
Health Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia health sensors 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 health sensors market will help companies and investors design strategic landscapes.
Wearable sensors was the largest segment with a revenue share of 40.94% in 2021. Horizon Databook has segmented the Saudi Arabia health sensors market based on hand held diagnostic sensors, wearable sensors, implantable/ingestible sensors covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare system in Saudi Arabia is developing due to consistent efforts by the government. Saudi Arabia is a lucrative market in the Middle East for medical devices, hence exhibiting high growth potential for wearable devices as well. The region is technology-driven and focuses on introducing modern methods for diagnosis and treatment in the healthcare industry.
Moreover, according to World Bank, geriatric population accounted for ~3.41% of the total population in Saudi Arabia in 2019, and it was ~3.31% in 2018. Such factors create modest opportunities in health sensors market in the country.
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Our clientele includes a mix of health sensors market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia health sensors market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia health sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia health sensors market size, by product, 2018-2030 (US$M)
Saudi Arabia Health Sensors Market Outlook Share, 2021 & 2030 (US$M)
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