Middle East & Africa Ventricular Assist Device Market Size & Outlook
Middle East & Africa ventricular assist device market, 2018-2028 (US$M)
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MEA ventricular assist device market highlights
- The MEA ventricular assist device market generated a revenue of USD 26.9 million in 2021.
- The market is expected to grow at a CAGR of 18% from 2022 to 2028.
- In terms of segment, left ventricular assist devices was the largest revenue generating product in 2021.
- Total Artificial Heart (TAH) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2022 to 2028.
MEA data book summary
| Market revenue in 2021 | USD 26.9 million |
| Market revenue in 2028 | USD 85.9 million |
| Growth rate | 18% (CAGR from 2021 to 2028) |
| Largest segment | Left ventricular assist devices |
| Fastest growing segment | Total Artificial Heart (TAH) |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Left ventricular assist devices, Right ventricular assist devices, Bi-ventricular assist devices, Total Artificial Heart (TAH) |
| Key market players worldwide | Johnson & Johnson, Medtronic PLC, Abbott Laboratories, Cardio Diagnostics Holdings Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.1% of the global ventricular assist device market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 834.6 million by 2028.
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Ventricular Assist Device Market Scope
Ventricular Assist Device Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa ventricular assist device 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 ventricular assist device market will help companies and investors design strategic landscapes.
Left ventricular assist devices was the largest segment with a revenue share of 83.27% in 2021. Horizon Databook has segmented the Middle East & Africa ventricular assist device market based on left ventricular assist devices, right ventricular assist devices, bi-ventricular assist devices, total artificial heart (tah) covering the revenue growth of each sub-segment from 2018 to 2028.
The region’s economic growth & development are highly fragmented, and few countries have been able to improve the scenario. Improvements in reimbursement scenario and increase in investments to build new hospitals and facilities are expected to boost overall healthcare market.
Middle Eastern countries such as Saudi Arabia, Kuwait, Qatar, United Arab Emirates (UAE), and Oman are prospering economies, and advancements in healthcare systems are expected to boost implementation of eHealth.
Growing burden of CVDs owing to excess tobacco consumption, dyslipidemia, hypertension, diabetes, and sedentary lifestyles are expected to significantly boost the market growth over forecast period.
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Our clientele includes a mix of ventricular assist device market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa ventricular assist device market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa ventricular assist device market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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MEA ventricular assist device market size, by country, 2018-2028 (US$M)
Middle East & Africa Ventricular Assist Device Market Outlook Share, 2021 & 2028 (US$M)
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