Saudi Arabia Near Infrared Imaging Market Size & Outlook
Saudi Arabia near infrared imaging market, 2018-2030 (US$M)
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Saudi Arabia near infrared imaging market highlights
- The Saudi Arabia near infrared imaging market generated a revenue of USD 17.8 million in 2023 and is expected to reach USD 21.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3% from 2024 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2023.
- Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Near infrared imaging market data book summary
| Market revenue in 2023 | USD 17.8 million |
| Market revenue in 2030 | USD 21.9 million |
| Growth rate | 3% (CAGR from 2023 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Devices, Reagents |
| Key market players worldwide | Stryker Corp, Olympus Corp, Hamamatsu Photonics KK, Shimadzu Corp, Medtronic PLC, Carl Zeiss Meditec AG |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.8% of the global near infrared imaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia near infrared imaging 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 21.9 million by 2030.
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Near Infrared Imaging Market Scope
Near Infrared Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia near infrared imaging 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 near infrared imaging market will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 55.06% in 2023. Horizon Databook has segmented the Saudi Arabia near infrared imaging market based on devices, reagents covering the revenue growth of each sub-segment from 2018 to 2030.
Ministry of Health (MOH) is the main organization responsible for maintaining healthcare services in Saudi Arabia. Healthcare insurance is provided by both government and private entities. With increasing incidence of obesity, blood pressure, and other lifestyle disorders, the burden of chronic diseases in the country is rising.
Moreover, high rate of urbanization in some parts of Mecca, Riyadh, and the Eastern Province is creating huge growth opportunities for market players. Thus, urbanization and increasing prevalence of chronic diseases are expected to accelerate the near infrared imaging market growth in Saudi Arabia over the forecast period.
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Target buyers of Saudi Arabia near infrared imaging market databook
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Our clientele includes a mix of near infrared imaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia near infrared imaging market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia near infrared imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia near infrared imaging market size, by product, 2018-2030 (US$M)
Saudi Arabia Near Infrared Imaging Market Outlook Share, 2023 & 2030 (US$M)
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