Saudi Arabia Neurothrombectomy Devices Market Size & Outlook
Saudi Arabia neurothrombectomy devices market, 2018-2030 (US$M)
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Saudi Arabia neurothrombectomy devices market highlights
- The Saudi Arabia neurothrombectomy devices market generated a revenue of USD 7.1 million in 2023 and is expected to reach USD 9.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, clot retrievers was the largest revenue generating product in 2023.
- Clot Retrievers is the most lucrative product segment registering the fastest growth during the forecast period.
Neurothrombectomy devices market data book summary
| Market revenue in 2023 | USD 7.1 million |
| Market revenue in 2030 | USD 9.5 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Clot retrievers |
| Fastest growing segment | Clot Retrievers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clot Retrievers, Aspiration/Suction Devices, Vascular Snares |
| Key market players worldwide | Medtronic PLC, Acandis GmbH, Stryker Corp, Penumbra Inc, Phenox, Vesalio |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.0% of the global neurothrombectomy 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 neurothrombectomy 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 7.4 million by 2030.
Clot retrievers was the largest segment with a revenue share of 39.44% in 2023. Horizon Databook has segmented the Saudi Arabia neurothrombectomy devices market based on clot retrievers, aspiration/suction devices, vascular snares covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia neuro thrombectomy devices market is anticipated to witness moderate growth rate over the forecast period. Increasing number of acute ischemic stroke cases are among the major factors driving the market.
For instance, as per an article published by the Hindawi in 2018, stroke is one of the major challenges in Saudi Arabia and the incidence rate of stroke was around 30 cases per 100,000 population. Furthermore, increasing adoption of sedentary lifestyle is also expected to trigger the rate of acute ischemic stroke, thereby the demand for neuro thrombectomy devices is anticipated to increase.
However, low adoption of advanced healthcare facilities and lack of skilled healthcare professionals in Saudi Arabia may hinder the market growth. Therefore, moderate market growth is anticipated over the forecast period.
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Neurothrombectomy Devices Market Scope
Neurothrombectomy Devices Market Companies
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Saudi Arabia neurothrombectomy devices market size, by product, 2018-2030 (US$M)
Saudi Arabia Neurothrombectomy Devices Market Outlook Share, 2023 & 2030 (US$M)
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