Kuwait Implantable Cardioverter Defibrillators Market Size & Outlook
Kuwait implantable cardioverter defibrillators market, 2018-2030 (US$M)
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Kuwait implantable cardioverter defibrillators market highlights
- The Kuwait implantable cardioverter defibrillators market generated a revenue of USD 15.8 million in 2023 and is expected to reach USD 21.6 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, transvenous implantable cardioverter-defibrillators was the largest revenue generating product in 2023.
- Subcutaneous Implantable Cardioverter Defibrillators is the most lucrative product segment registering the fastest growth during the forecast period.
Implantable cardioverter defibrillators market data book summary
| Market revenue in 2023 | USD 15.8 million |
| Market revenue in 2030 | USD 21.6 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Transvenous implantable cardioverter-defibrillators |
| Fastest growing segment | Subcutaneous Implantable Cardioverter Defibrillators |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transvenous Implantable Cardioverter-Defibrillators, Subcutaneous Implantable Cardioverter Defibrillators |
| Key market players worldwide | Abbott Laboratories, Medtronic PLC, BIOTRONIK, Boston Scientific Corp, MicroPort Scientific Corp, LivaNova PLC |
Other key industry trends
- In terms of revenue, Kuwait accounted for 0.4% of the global implantable cardioverter defibrillators market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa implantable cardioverter defibrillators 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 48.6 million by 2030.
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Implantable Cardioverter Defibrillators Market Scope
Implantable Cardioverter Defibrillators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Kuwait implantable cardioverter defibrillators 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 implantable cardioverter defibrillators market will help companies and investors design strategic landscapes.
Transvenous implantable cardioverter-defibrillators was the largest segment with a revenue share of 88.61% in 2023. Horizon Databook has segmented the Kuwait implantable cardioverter defibrillators market based on transvenous implantable cardioverter-defibrillators, subcutaneous implantable cardioverter defibrillators covering the revenue growth of each sub-segment from 2018 to 2030.
The primary factor driving the ICD device market in Kuwait is the increasing prevalence of heart diseases. Heart diseases, including coronary heart diseases, are a significant health concern in Kuwait, and the demand for ICDs is directly influenced by the number of people affected by these conditions.
In addition, Kuwait’s growing aging population contributes to market growth. As per the United Nations Population Fund’s World Population Dashboard data for 2021, around 3.4% of Kuwait’s population comprises individuals 65 and older.
Moreover, with the senior population being more vulnerable to CVDs, the expected expansion of this age group is likely to lead to an upsurge in demand for cardiac devices, including ICDs.
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Our clientele includes a mix of implantable cardioverter defibrillators 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 Kuwait implantable cardioverter defibrillators market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait implantable cardioverter defibrillators market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait implantable cardioverter defibrillators market size, by product, 2018-2030 (US$M)
Kuwait Implantable Cardioverter Defibrillators Market Outlook Share, 2023 & 2030 (US$M)
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