Saudi Arabia Neurostimulation Devices Market Size & Outlook
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Saudi Arabia neurostimulation devices market highlights
- The Saudi Arabia neurostimulation devices market generated a revenue of USD 37.1 million in 2023 and is expected to reach USD 92.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 13.9% from 2024 to 2030.
- In terms of segment, spinal cord stimulator was the largest revenue generating product in 2023.
- Sacral Nerve Stimulator is the most lucrative product segment registering the fastest growth during the forecast period.
Neurostimulation devices market data book summary
| Market revenue in 2023 | USD 37.1 million |
| Market revenue in 2030 | USD 92.4 million |
| Growth rate | 13.9% (CAGR from 2023 to 2030) |
| Largest segment | Spinal cord stimulator |
| Fastest growing segment | Sacral Nerve Stimulator |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Spinal Cord Stimulator, Deep Brain Stimulator, Sacral Nerve Stimulator, Vagus Nerve Stimulator, Gastric Electric Stimulator |
| Key market players worldwide | Medtronic PLC, LivaNova PLC, Boston Scientific Corp, St. Jude Medical, Nevro Corp |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global neurostimulation 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, UAE neurostimulation devices 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 70.2 million by 2030.
Spinal cord stimulator was the largest segment with a revenue share of 47.71% in 2023. Horizon Databook has segmented the Saudi Arabia neurostimulation devices market based on spinal cord stimulator, deep brain stimulator, sacral nerve stimulator, vagus nerve stimulator, gastric electric stimulator covering the revenue growth of each sub-segment from 2018 to 2030.
Around 50 million people are suffering from epilepsy worldwide, out of which 85% are from the developing countries. In Arabian countries, around 724,500 people are suffering from epilepsy. Increasing prevalence of diseases such as epilepsy, increasing awareness programs initiated by NGOs and government to raise awareness about neurostimulation is expected to drive the market.
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Neurostimulation Devices Market Scope
Neurostimulation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LivaNova PLC | View profile | 2900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | https://www.livanova.com |
| St. Jude Medical | View profile | 10001+ | Saint Paul, Minnesota, United States, North America | http://www.sjm.com |
| Nevro Corp | View profile | 1215 | 1800 Bridge Parkway, Redwood City, CA, United States, 94065 | https://www.nevro.com |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
Saudi Arabia neurostimulation devices market size, by product, 2018-2030 (US$M)
Saudi Arabia Neurostimulation Devices Market Outlook Share, 2023 & 2030 (US$M)
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