Saudi Arabia Portable Medical Devices Market Size & Outlook
Saudi Arabia portable medical devices market, 2018-2030 (US$M)
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Saudi Arabia portable medical devices market highlights
- The Saudi Arabia portable medical devices market generated a revenue of USD 381.9 million in 2023 and is expected to reach USD 690.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
- In terms of segment, monitoring devices was the largest revenue generating product in 2023.
- Smart Wearable Medical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Portable medical devices market data book summary
| Market revenue in 2023 | USD 381.9 million |
| Market revenue in 2030 | USD 690.1 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Monitoring devices |
| Fastest growing segment | Smart Wearable Medical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Wearable Medical Devices, Diagnostic Imaging, Therapeutics, Monitoring Devices |
| Key market players worldwide | GE Aerospace, OMRON Corp, Vyaire Medical, Samsung BioLogics, Koninklijke Philips NV, Medtronic PLC, Roche Holding AG, Nox Medical |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global portable medical 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 portable medical devices market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 561.4 million by 2030.
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Portable Medical Devices Market Scope
Portable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia portable medical 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 portable medical devices market will help companies and investors design strategic landscapes.
Monitoring devices was the largest segment with a revenue share of 47.84% in 2023. Horizon Databook has segmented the Saudi Arabia portable medical devices market based on smart wearable medical devices, diagnostic imaging, therapeutics, monitoring devices covering the revenue growth of each sub-segment from 2018 to 2030.
The Saudi Arabia portable medical devices market is expected to witness rapid growth due to the rising geriatric population, increasing incidence of chronic diseases, and rising preference for remote & home monitoring Furthermore, these technologies reduce the number of avoidable visits to the doctor’s office and expenses. Hence, these factors are expected to boost the portable medical devices market.
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Our clientele includes a mix of portable medical devices market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia portable medical devices market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia portable medical devices market size, by product, 2018-2030 (US$M)
Saudi Arabia Portable Medical Devices Market Share, 2023 & 2030 (US$M)
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