Saudi Arabia Urology Lasers Market Size & Outlook
Saudi Arabia urology lasers market, 2018-2030 (US$M)
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Saudi Arabia urology lasers market highlights
- The Saudi Arabia urology lasers market generated a revenue of USD 16.5 million in 2023 and is expected to reach USD 24.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, holmium laser system was the largest revenue generating laser type in 2023.
- Other Thulium Laser System is the most lucrative laser type segment registering the fastest growth during the forecast period.
Urology lasers market data book summary
| Market revenue in 2023 | USD 16.5 million |
| Market revenue in 2030 | USD 24.9 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Holmium laser system |
| Fastest growing segment | Other Thulium Laser System |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Holmium Laser System, Diode Laser System, Other Thulium Laser System, Laser Type |
| Key market players worldwide | Olympus Corp, Boston Scientific Corp, Lumenis, Cook Medical, Becton Dickinson & Co, OmniGuide, Allengers Group |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.5% of the global urology lasers 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 urology lasers 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 37.3 million by 2030.
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Urology Lasers Market Scope
Urology Lasers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia urology lasers 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 urology lasers market will help companies and investors design strategic landscapes.
Holmium laser system was the largest segment with a revenue share of 29.7% in 2023. Horizon Databook has segmented the Saudi Arabia urology lasers market based on holmium laser system, diode laser system, other thulium laser system, laser type covering the revenue growth of each sub-segment from 2018 to 2030.
A major factor accelerating the pace of change in the country’s healthcare sector is technological innovation. With technologies like AI, big data, and cloud computing, the country is concentrating on the digitization of healthcare.
There are 150 health-tech startups in the nation right now. Shorter hospital stays and an increase in surgical operations as a result of these developments are increasing the need for urology laser equipment. Some of the key players in the market include Olympus Corporation, Lumenis Ltd., Boston Scientific Corporation, Quanta System S.p.A., Cook Medical Incorporated, and Biolitec AG.
By building new hospitals, the Saudi Arabian government is redirecting resources into building a strong healthcare system. For instance, the World Bank's most recent statistics show that Saudi Arabia's healthcare expenditure increased by 6.1% in 2019 compared to 2018. As a result, major market participants are deliberately increasing their presence in the area and concentrating on the sale of their goods at a fair price.
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Target buyers of Saudi Arabia urology lasers market databook
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Our clientele includes a mix of urology lasers market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia urology lasers market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia urology lasers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia urology lasers market size, by laser type, 2018-2030 (US$M)
Saudi Arabia Urology Lasers Market Outlook Share, 2023 & 2030 (US$M)
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