Saudi Arabia Peripheral Vascular Devices Market Size & Outlook
Saudi Arabia peripheral vascular devices market, 2018-2030 (US$M)
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Saudi Arabia peripheral vascular devices market highlights
- The Saudi Arabia peripheral vascular devices market generated a revenue of USD 71.2 million in 2023 and is expected to reach USD 94.9 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, peripheral stents was the largest revenue generating type in 2023.
- Plaque Modification Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Peripheral vascular devices market data book summary
| Market revenue in 2023 | USD 71.2 million |
| Market revenue in 2030 | USD 94.9 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Peripheral stents |
| Fastest growing segment | Plaque Modification Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PTA Balloons, Catheters, Endovascular Aneurysm Repair Stent Grafts, Plaque Modification Devices, Peripheral Accessories, Inferior Vena Cava Filters, Hemodynamic Flow Alteration Devices, Peripheral Stents |
| Key market players worldwide | Abbott Laboratories, Edwards Lifesciences Corp, Medtronic PLC, St. Jude Medical, Teleflex Inc, Philips, Boston Scientific Corp, Cook Group, Covidien, AngioScore |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.7% of the global peripheral vascular 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, South Africa peripheral vascular 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 173.5 million by 2030.
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Peripheral Vascular Devices Market Scope
Peripheral Vascular Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia peripheral vascular devices 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 peripheral vascular devices market will help companies and investors design strategic landscapes.
Peripheral stents was the largest segment with a revenue share of 22.75% in 2023. Horizon Databook has segmented the Saudi Arabia peripheral vascular devices market based on pta balloons, catheters, endovascular aneurysm repair stent grafts, plaque modification devices, peripheral accessories, inferior vena cava filters, hemodynamic flow alteration devices, peripheral stents covering the revenue growth of each sub-segment from 2018 to 2030.
The Saudi Arabia peripheral vascular devices market growth is propelled due to the increasing prevalence of chronic conditions such as diabetes, stroke, and obesity, which are known for elevating the risk of peripheral vascular diseases. Moreover, the rising elderly population in Saudi Arabia is expected to drive the demand for peripheral vascular devices.
For instance, in August 2021, a research initiative undertaken by the National Institutes of Health provided insights into the prevalence of stroke in Saudi Arabia, revealing an incidence rate of 43.8 cases per 100,000 individuals.
The investigation highlighted a notable prevalence of hypertension, stroke, and dyslipidemia, recognized as significant contributors to cardiovascular disease. Despite the substantial impact of these risk factors, there exists a limited awareness regarding these conditions, exacerbating their prevalence.
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Our clientele includes a mix of peripheral vascular devices 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 peripheral vascular devices market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia peripheral vascular devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia peripheral vascular devices market size, by type, 2018-2030 (US$M)
Saudi Arabia Peripheral Vascular Devices Market Share, 2023 & 2030 (US$M)
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