Saudi Arabia Surgical Laser Market Size & Outlook
Saudi Arabia surgical laser market, 2018-2030 (US$M)
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Saudi Arabia surgical laser market highlights
- The Saudi Arabia surgical laser market generated a revenue of USD 102.7 million in 2023 and is expected to reach USD 187.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, solid-state laser systems was the largest revenue generating product in 2023.
- Diode Laser Systems is the most lucrative product segment registering the fastest growth during the forecast period.
Surgical laser market data book summary
| Market revenue in 2023 | USD 102.7 million |
| Market revenue in 2030 | USD 187.7 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Solid-state laser systems |
| Fastest growing segment | Diode Laser Systems |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid-state Laser Systems, Gas Laser Systems, Diode Laser Systems |
| Key market players worldwide | Cutera Inc, El.En. SpA Shs after split, Alcon Inc, Biolase Inc, Candela Invest, Cynosure Inc, Lumenis, LUTRONIC, Fotona, Asclepion Laser Technologies |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.4% of the global surgical laser 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 surgical laser 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 187.7 million by 2030.
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Surgical Laser Market Scope
Surgical Laser Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia surgical laser 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 surgical laser market will help companies and investors design strategic landscapes.
Solid-state laser systems was the largest segment with a revenue share of 36.42% in 2023. Horizon Databook has segmented the Saudi Arabia surgical laser market based on solid-state laser systems, gas laser systems, diode laser systems covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia holds the highest share of MEA surgical lasers market. Increasing healthcare spending accounting for 36% of the total budget is expected to accelerate the demand for surgical lasers during the forecast period.
According to Saudi Arabian Monetary Agency, the geriatric population, which is more susceptible to various diseases, is estimated to account for 25% of the total population in the country by 2050. Moreover, increase in government grants to expand healthcare sector is anticipated to boost market growth.
According to a study published by International Journal of Medicine in Developing Countries, in September 2019, the number of cosmetic procedures has increased in Saudi Arabia. The same source also stated that Saudi Arabia ranks 22nd among the top 25 countries with regard to highest number of cosmetic procedures.
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Our clientele includes a mix of surgical laser 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 surgical laser market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia surgical laser market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia surgical laser market size, by product, 2018-2030 (US$M)
Saudi Arabia Surgical Laser Market Outlook Share, 2023 & 2030 (US$M)
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