Saudi Arabia Neurovascular Catheters Market Size & Outlook
Saudi Arabia neurovascular catheters market, 2018-2030 (US$M)
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Saudi Arabia neurovascular catheters market highlights
- The Saudi Arabia neurovascular catheters market generated a revenue of USD 66.3 million in 2023 and is expected to reach USD 110.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, embolization catheters was the largest revenue generating type in 2023.
- Microcatheters is the most lucrative type segment registering the fastest growth during the forecast period.
Neurovascular catheters market data book summary
| Market revenue in 2023 | USD 66.3 million |
| Market revenue in 2030 | USD 110.0 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Embolization catheters |
| Fastest growing segment | Microcatheters |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Microcatheters, Balloon Catheters, Access Catheters, Embolization Catheters |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Terumo Corp, Integer Holdings Corp, Penumbra Inc, Johnson & Johnson, Integra Lifesciences Holdings Corp, Acandis GmbH, Spiegelberg |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 2.1% of the global neurovascular catheters 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 neurovascular catheters 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 92.5 million by 2030.
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Neurovascular Catheters Market Scope
Neurovascular Catheters Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia neurovascular catheters 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 neurovascular catheters market will help companies and investors design strategic landscapes.
Embolization catheters was the largest segment with a revenue share of 27.75% in 2023. Horizon Databook has segmented the Saudi Arabia neurovascular catheters market based on microcatheters, balloon catheters, access catheters, embolization catheters covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing prevalence of neurological disorders and the rising geriatric population drive the market. The rising burden of stroke in Saudi Arabia is anticipated to boost the demand for neurovascular catheters in the coming years.
In addition, as per a study published by Elsevier B.V. in March 2021, the increase in stroke cases and mortality in the Kingdom of Saudi Arabia is associated with multiple aspects like a rapidly aging population, low self-awareness, and inadequate knowledge of stroke risk factors, symptom, and causes.
Moreover, the increasing number of elderly individuals is anticipated to boost the demand for neurovascular catheters. According to a study published by BioMed Central Ltd. in March 2021, the United Nations estimated that the geriatric population in Saudi Arabia will rise from 5.6% in 2017 to 22.9% by 2050.
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Our clientele includes a mix of neurovascular catheters market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia neurovascular catheters market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia neurovascular catheters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia neurovascular catheters market size, by type, 2018-2030 (US$M)
Saudi Arabia Neurovascular Catheters Market Outlook Share, 2023 & 2030 (US$M)
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