Saudi Arabia Pta Balloon Catheter Market Size & Outlook
Saudi Arabia pta balloon catheter market, 2018-2030 (US$M)
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Saudi Arabia pta balloon catheter market highlights
- The Saudi Arabia pta balloon catheter market generated a revenue of USD 13.2 million in 2023 and is expected to reach USD 21.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, nylon was the largest revenue generating material type in 2023.
- Polyurethane is the most lucrative material type segment registering the fastest growth during the forecast period.
Pta balloon catheter market data book summary
| Market revenue in 2023 | USD 13.2 million |
| Market revenue in 2030 | USD 21.5 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Nylon |
| Fastest growing segment | Polyurethane |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nylon, Polyurethane, Other Material Type |
| Key market players worldwide | Medtronic PLC, Terumo Corp, Cardinal Health Inc, Boston Scientific Corp, Traeger Inc, BIOTRONIK, Surmodics Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.5% of the global pta balloon catheter 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 pta balloon catheter market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 21.5 million by 2030.
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PTA Balloon Catheter Market Scope
PTA Balloon Catheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia pta balloon catheter 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 pta balloon catheter market will help companies and investors design strategic landscapes.
Nylon was the largest segment with a revenue share of 48.48% in 2023. Horizon Databook has segmented the Saudi Arabia pta balloon catheter market based on nylon, polyurethane, other material type covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing incidence of diabetes and cardiovascular diseases in Saudi Arabia is the major factor expected to drive market growth. According to a report published by the Institute for Health Metrics and Evaluation, in 2017, ischemic heart disease was the leading cause of death in Saudi Arabia. In addition, according to a report published by the International Diabetes Federation, in 2018, the prevalence rate of diabetes in the country was around 18.5% and around 3,852,000 cases of diabetes were reported in adults.
Thus, such factors are expected to positively impact the market. Furthermore, adoption of sedentary lifestyles is expected to increase the risk of developing cardiovascular diseases, which is anticipated to boost the demand for products required to treat cardiac conditions. However, low number of advanced healthcare facilities and shortage of skilled healthcare professionals in Saudi Arabia may impede market growth. Thus, the market is expected to witness moderate growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia pta balloon catheter market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia pta balloon catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia pta balloon catheter market size, by material type, 2018-2030 (US$M)
Saudi Arabia PTA Balloon Catheter Market Outlook Share, 2023 & 2030 (US$M)
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