Saudi Arabia Laparoscopic Devices Market Size & Outlook
Saudi Arabia laparoscopic devices market, 2018-2030 (US$M)
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Saudi Arabia laparoscopic devices market highlights
- The Saudi Arabia laparoscopic devices market generated a revenue of USD 121.3 million in 2023 and is expected to reach USD 209.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, energy systems was the largest revenue generating product in 2023.
- Robot Assisted Systems is the most lucrative product segment registering the fastest growth during the forecast period.
Laparoscopic devices market data book summary
| Market revenue in 2023 | USD 121.3 million |
| Market revenue in 2030 | USD 209.9 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Energy systems |
| Fastest growing segment | Robot Assisted Systems |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laparoscopes, Energy Systems, Trocars, Closure Devices, Suction/ Irrigation Device, Insufflation Device, Robot Assisted Systems, Hand Access Instruments |
| Key market players worldwide | Karl Storz, Medtronic PLC, Johnson & Johnson, Olympus Corp, B. Braun, The Cooper Companies Inc, Richard Wolf, Hoya Corp, BD, Welfare Medical, DEAM, Intuitive Surgical Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.6% of the global laparoscopic devices 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 laparoscopic devices 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 209.9 million by 2030.
Energy systems was the largest segment with a revenue share of 24.9% in 2023. Horizon Databook has segmented the Saudi Arabia laparoscopic devices market based on laparoscopes, energy systems, trocars, closure devices, suction/ irrigation device, insufflation device, robot assisted systems, hand access instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The government of Saudi Arabia encourages participation of private sector in healthcare, as highlighted in the National Transformation Plan (NTP). In 2017, the Saudi Arabian General Investment Authority (SAGIA) announced allowing foreign investors take 100% ownership of companies in the education and healthcare sectors, thereby contributing to market growth.
Moreover, in Saudi Arabia, March has been designated colorectal cancer awareness month. In this month, various NGOs & government organizations organize events and raise awareness about colon cancer as well as its screening methods.
According to the International Agency for Research on Cancer, incidence of colon cancer is expected to increase from 1,947 in 2018 to 2,708 in 2025. Thus, increasing number of government initiatives & awareness programs and rising incidence of colon cancer are expected to drive growth of the Saudi Arabian market during the forecast period.
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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia laparoscopic devices market size, by product, 2018-2030 (US$M)
Saudi Arabia Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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