Saudi Arabia Pressure Relief Devices Market Size & Outlook
Saudi Arabia pressure relief devices market, 2018-2030 (US$M)
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Saudi Arabia pressure relief devices market highlights
- The Saudi Arabia pressure relief devices market generated a revenue of USD 49.9 million in 2022 and is expected to reach USD 67.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.8% from 2023 to 2030.
- In terms of segment, low tech devices was the largest revenue generating type in 2022.
- High Tech Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Pressure relief devices market data book summary
| Market revenue in 2022 | USD 49.9 million |
| Market revenue in 2030 | USD 67.3 million |
| Growth rate | 3.8% (CAGR from 2022 to 2030) |
| Largest segment | Low tech devices |
| Fastest growing segment | High Tech Devices |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Tech Devices, High Tech Devices |
| Key market players worldwide | 3M Co, Arjo AB Class B, Essity, Hillrom UK, Invacare, Paramount Bed Holdings Co Ltd, Smith & Nephew PLC, Stryker Corp, Talley Group |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.4% of the global pressure relief devices market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa pressure relief 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 42.0 million by 2030.
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Pressure Relief Devices Market Scope
Pressure Relief Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia pressure relief 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 pressure relief devices market will help companies and investors design strategic landscapes.
Low tech devices was the largest segment with a revenue share of 64.73% in 2022. Horizon Databook has segmented the Saudi Arabia pressure relief devices market based on low tech devices, high tech devices covering the revenue growth of each sub-segment from 2018 to 2030.
The Ministry of Health (MOH) is the main organization responsible for maintaining healthcare services in Saudi Arabia. Healthcare insurance is provided by both government and private entities. With increasing incidence of obesity, high blood pressure, and other lifestyle disorders, the burden of chronic diseases in the country is rising.
Moreover, high rate of urbanization in some parts of Mecca, Riyadh, and the Eastern Province is creating high growth opportunities for market players. Thus, urbanization and increasing prevalence of chronic diseases are expected to accelerate the pressure relief devices market growth in Saudi Arabia over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia pressure relief devices market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia pressure relief devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia pressure relief devices market size, by type, 2018-2030 (US$M)
Saudi Arabia Pressure Relief Devices Market Share, 2022 & 2030 (US$M)
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