Saudi Arabia Microcatheter Market Size & Outlook
Saudi Arabia microcatheter market, 2016-2027 (US$M)
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Saudi Arabia microcatheter market highlights
- The Saudi Arabia microcatheter market generated a revenue of USD 22.2 million in 2020 and is expected to reach USD 31.8 million by 2027.
- The Saudi Arabia market is expected to grow at a CAGR of 5.3% from 2021 to 2027.
- In terms of segment, dual lumen was the largest revenue generating product design in 2020.
- Dual Lumen is the most lucrative product design segment registering the fastest growth during the forecast period.
Microcatheter market data book summary
| Market revenue in 2020 | USD 22.2 million |
| Market revenue in 2027 | USD 31.8 million |
| Growth rate | 5.3% (CAGR from 2020 to 2027) |
| Largest segment | Dual lumen |
| Fastest growing segment | Dual Lumen |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Lumen, Dual Lumen |
| Key market players worldwide | Medtronic PLC, Terumo Corp, Merit Medical Systems Inc, Stryker Corp, Penumbra Inc, Boston Scientific Corp, Teleflex Inc, Asahi Intecc Co Ltd, Surmodics Inc, BioCardia Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.2% of the global microcatheter market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Middle East & Africa, Saudi Arabia microcatheter market is projected to lead the regional market in terms of revenue in 2027.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 27.6 million by 2027.
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Microcatheter Market Scope
Microcatheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia microcatheter 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 microcatheter market will help companies and investors design strategic landscapes.
Dual lumen was the largest segment with a revenue share of 64.86% in 2020. Horizon Databook has segmented the Saudi Arabia microcatheter market based on single lumen, dual lumen covering the revenue growth of each sub-segment from 2016 to 2027.
Saudi Arabia microcatheter market is anticipated to witness moderate growth rate over the forecast period. The healthcare system in Saudi Arabia is outperforming other countries in the region due to continuous efforts by the government as well as the corporate sector. In December 2017, the Saudi government established a new cardiac catheterization center at King Saud Medical City.
The center expects to witness an increase the number of cardiac surgeries to 3,000 per year and intends to be a reference for all cardiac catheterization procedures. Saudi Arabia has the largest number of hospitals and primary healthcare centers in the region.
Moreover, increase in disposable income due to economic growth and urbanization is anticipated to create lucrative growth opportunities for the market. Thus, key players in the market are strategically expanding their presence in the region and focusing on commercialization of their products at a relatively affordable price.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia microcatheter market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia microcatheter market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Saudi Arabia microcatheter market size, by product design, 2016-2027 (US$M)
Saudi Arabia Microcatheter Market Outlook Share, 2020 & 2027 (US$M)
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