Saudi Arabia Thyroid Ablation Devices Market Size & Outlook
Saudi Arabia thyroid ablation devices market, 2018-2030 (US$M)
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Saudi Arabia thyroid ablation devices market highlights
- The Saudi Arabia thyroid ablation devices market generated a revenue of USD 1.7 million in 2023 and is expected to reach USD 3.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, radiofrequency ablation was the largest revenue generating type in 2023.
- Radiofrequency Ablation is the most lucrative type segment registering the fastest growth during the forecast period.
Thyroid ablation devices market data book summary
| Market revenue in 2023 | USD 1.7 million |
| Market revenue in 2030 | USD 3.0 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Radiofrequency ablation |
| Fastest growing segment | Radiofrequency Ablation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiofrequency Ablation, Microwave Ablation |
| Key market players worldwide | Boston Scientific Corp, BVM Medical, Integra Lifesciences Holdings Corp, Johnson & Johnson, Medtronic PLC, Olympus Corp, Terumo Corp, Theraclion, Medwave, StarMed |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.0% of the global thyroid ablation 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 thyroid ablation 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 5.2 million by 2030.
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Thyroid Ablation Devices Market Scope
Thyroid Ablation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia thyroid ablation 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 thyroid ablation devices market will help companies and investors design strategic landscapes.
Radiofrequency ablation was the largest segment with a revenue share of 47.06% in 2023. Horizon Databook has segmented the Saudi Arabia thyroid ablation devices market based on radiofrequency ablation, microwave ablation covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in the demand for minimally invasive surgical procedures and advancements in thyroid ablation devices are expected to positively impact the market in Saudi Arabia. In 2020, the prevalence of thyroid cancer in the country was approximately 2,833 cases, and it was the second most common cancer among women, with an incidence of 14.3% (6.2% in men).
However, due to low awareness, the adoption of ablation devices is less in the country, which can impact market growth. In Saudi Arabia, medical devices are regulated by The Saudi Food and Drug Authority (SFDA) in accordance with the law issued by Royal Decree No. (M/6), which was issued on 12/02/2007 and reports to Council of Ministers in Saudi Arabia.
The SFDA classifies medical devices according to categories based on GHTF classification and guidance on Marketing Authorization Procedures, Article 7A. Medical devices in Saudi Arabia can be registered via two pathways: Medical Device National Registry and Medical Device Marketing Authorization.
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Our clientele includes a mix of thyroid ablation 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 thyroid ablation devices market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia thyroid ablation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia thyroid ablation devices market size, by type, 2018-2030 (US$M)
Saudi Arabia Thyroid Ablation Devices Market Outlook Share, 2023 & 2030 (US$M)
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