Kuwait Ultrasound Devices Market Size & Outlook, 2023-2030
Kuwait ultrasound devices market, 2018-2030 (US$M)
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Kuwait ultrasound devices market highlights
- The Kuwait ultrasound devices market generated a revenue of USD 44.8 million in 2023 and is expected to reach USD 57.8 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 3.7% from 2024 to 2030.
- In terms of segment, diagnostic ultrasound devices was the largest revenue generating product in 2023.
- Therapeutic Ultrasound Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Ultrasound devices market data book summary
| Market revenue in 2023 | USD 44.8 million |
| Market revenue in 2030 | USD 57.8 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic ultrasound devices |
| Fastest growing segment | Therapeutic Ultrasound Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Ultrasound Devices, Therapeutic Ultrasound Devices |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, Samsung BioLogics, FUJIFILM Holdings Corp, Konica Minolta Inc, Esaote |
Other key industry trends
- In terms of revenue, Kuwait accounted for 0.5% of the global ultrasound 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 ultrasound 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 211.3 million by 2030.
Diagnostic ultrasound devices was the largest segment with a revenue share of 84.82% in 2023. Horizon Databook has segmented the Kuwait ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
Kuwait represents a favorable investment outlook, with the country focusing on investments in the private sector. Moreover, the country offers ultrasound devices at subsidized rates in the public sector, owing to the plans of Kuwait’s Ministry of Health.
This is expected to drive the demand for ultrasound devices market and provide significant growth opportunities for players in the country. Hence, major companies are launching their products in the country by collaborating with the local government. Thus, favorable medical insurance and rapid adoption of advanced imaging are factors expected to drive market growth during the forecast period.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Kuwait ultrasound devices market size, by product, 2018-2030 (US$M)
Kuwait Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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