Saudi Arabia Tumor Ablation Market Size & Outlook
Saudi Arabia tumor ablation market, 2018-2030 (US$M)
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Saudi Arabia tumor ablation market highlights
- The Saudi Arabia tumor ablation market generated a revenue of USD 22.7 million in 2023 and is expected to reach USD 57.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 14.2% from 2024 to 2030.
- In terms of segment, radiofrequency ablation was the largest revenue generating technology in 2023.
- Other Ablation Technologies is the most lucrative technology segment registering the fastest growth during the forecast period.
Tumor ablation market data book summary
| Market revenue in 2023 | USD 22.7 million |
| Market revenue in 2030 | USD 57.3 million |
| Growth rate | 14.2% (CAGR from 2023 to 2030) |
| Largest segment | Radiofrequency ablation |
| Fastest growing segment | Other Ablation Technologies |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiofrequency Ablation, Microwave Ablation, Cryoablation, Irreversible Electroporation, Other Ablation Technologies |
| Key market players worldwide | Medtronic PLC, Boston Scientific Corp, Johnson & Johnson, AngioDynamics Inc, Bioventus Inc Class A, Edap TMS SA ADR, Mermaid Medical, Chongqing Haifu Technology, HealthTronics, H.S. Hospital Service |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.4% of the global tumor ablation 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 tumor ablation market is projected to lead the regional market in terms of revenue in 2030.
- Turkey is the fastest growing regional market in Middle East & Africa and is projected to reach USD 39.1 million by 2030.
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Tumor Ablation Market Scope
Tumor Ablation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia tumor ablation 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 tumor ablation market will help companies and investors design strategic landscapes.
Radiofrequency ablation was the largest segment with a revenue share of 34.8% in 2023. Horizon Databook has segmented the Saudi Arabia tumor ablation market based on radiofrequency ablation, microwave ablation, cryoablation, irreversible electroporation, other ablation technologies covering the revenue growth of each sub-segment from 2018 to 2030.
The economic development of South Africa and presence of high unmet healthcare needs are some of the primary growth drivers of the market. The expected growth in healthcare spending and increased demand for advanced healthcare treatments are anticipated to boost the market during the forecast period.
The growing prevalence of cancer in the country is expected to boost the demand for imaging systems over the forecast period. An increase in the demand for minimally invasive surgical procedures and advancements in tumor ablation devices are expected to positively impact the market in Saudi Arabia.
Individual lifestyle is being modified amid societal change and Westernization, including factors such as processed food consumption & sedentary lifestyle. These lifestyle changes are likely to be responsible for increase in the incidence of several diseases, including cancer.
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Our clientele includes a mix of tumor ablation 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 tumor ablation market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia tumor ablation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia tumor ablation market size, by technology, 2018-2030 (US$M)
Saudi Arabia Tumor Ablation Market Outlook Share, 2023 & 2030 (US$M)
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