Saudi Arabia Minimally Invasive Surgical Instruments Market Size & Outlook
Saudi Arabia minimally invasive surgical instruments market, 2018-2030 (US$M)
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Saudi Arabia minimally invasive surgical instruments market highlights
- The Saudi Arabia minimally invasive surgical instruments market generated a revenue of USD 677.6 million in 2023 and is expected to reach USD 1,203.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, handheld instruments was the largest revenue generating type in 2023.
- Electrosurgical Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Minimally invasive surgical instruments market data book summary
| Market revenue in 2023 | USD 677.6 million |
| Market revenue in 2030 | USD 1,203.6 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Handheld instruments |
| Fastest growing segment | Electrosurgical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Handheld Instruments, Inflation Devices, Cutter Instruments, Guiding Devices, Electrosurgical Devices, Auxiliary Devices, Monitoring & Visualization Devices |
| Key market players worldwide | Medtronic PLC, Siemens Healthineers AG ADR, Johnson & Johnson, GE HealthCare Technologies Inc Common Stock, Abbott Laboratories, Intuitive Surgical Inc, Zimmer Biomet Holdings Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 2.1% of the global minimally invasive surgical instruments 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 minimally invasive surgical instruments 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 1,457.6 million by 2030.
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Minimally Invasive Surgical Instruments Market Scope
Minimally Invasive Surgical Instruments Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia minimally invasive surgical instruments 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 minimally invasive surgical instruments market will help companies and investors design strategic landscapes.
Handheld instruments was the largest segment with a revenue share of 22.17% in 2023. Horizon Databook has segmented the Saudi Arabia minimally invasive surgical instruments market based on handheld instruments, inflation devices, cutter instruments, guiding devices, electrosurgical devices, auxiliary devices, monitoring & visualization devices covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing demand for minimally invasive surgical procedures and advancements in minimally invasive surgical instruments are among the factors expected to positively impact the market in Saudi Arabia. Moreover, the high rate of urbanization in some parts of Mecca, Riyadh, and the Eastern Province is creating growth opportunities for market players.
Thus, urbanization and the increasing prevalence of chronic diseases are among the factors expected to fuel minimally invasive surgical instruments market growth in Saudi Arabia over the forecast period. Owing to societal growth & change, an individual’s habits are also modified, including processed food consumption and a sedentary lifestyle.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia minimally invasive surgical instruments market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia minimally invasive surgical instruments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia minimally invasive surgical instruments market size, by type, 2018-2030 (US$M)
Saudi Arabia Minimally Invasive Surgical Instruments Market Outlook Share, 2023 & 2030 (US$M)
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