Saudi Arabia Ventricular Assist Device Market Size & Outlook
Saudi Arabia ventricular assist device market, 2018-2028 (US$M)
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Saudi Arabia ventricular assist device market highlights
- The Saudi Arabia ventricular assist device market generated a revenue of USD 5.7 million in 2021 and is expected to reach USD 18.0 million by 2028.
- The Saudi Arabia market is expected to grow at a CAGR of 17.8% from 2022 to 2028.
- In terms of segment, left ventricular assist devices was the largest revenue generating product in 2021.
- Right ventricular assist devices is the most lucrative product segment registering the fastest growth during the forecast period.
Ventricular assist device market data book summary
| Market revenue in 2021 | USD 5.7 million |
| Market revenue in 2028 | USD 18.0 million |
| Growth rate | 17.8% (CAGR from 2021 to 2028) |
| Largest segment | Left ventricular assist devices |
| Fastest growing segment | Right ventricular assist devices |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Left ventricular assist devices, Right ventricular assist devices |
| Key market players worldwide | Johnson & Johnson, Medtronic PLC, Abbott Laboratories, Cardio Diagnostics Holdings Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.2% of the global ventricular assist device market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Middle East & Africa, South Africa ventricular assist device market is projected to lead the regional market in terms of revenue in 2028.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 12.9 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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Saudi Arabia 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 98.25% in 2021. Horizon Databook has segmented the Saudi Arabia ventricular assist device market based on left ventricular assist devices, right ventricular assist devices covering the revenue growth of each sub-segment from 2018 to 2028.
Technological advancements for cardiac disease management, expanding initiatives and knowledge about cardiovascular diseases, and the rising incidence of cardiac diseases and heart failure are all contributing to the growth of the ventricular assist device market in the country.
According to the data published by Ministry of Health Kingdom of Saudi Arabia, about 42% of the total population of South Arabia died due to non-communicable diseases, such as CVDs, stroke, ischemic heart diseases, arrhythmia, and other heart conditions.
In addition, annual incidence of stroke varied from 31.2% to 43.3% in Gulf countries. Increasing consumption of tobacco &alcohol (16% in 2017), rising incidence of obesity (35% in 2017), and changing lifestyle are some of the factors propelling market growth.
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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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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 ventricular assist device market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia ventricular assist device market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Saudi Arabia ventricular assist device market size, by product, 2018-2028 (US$M)
Saudi Arabia Ventricular Assist Device Market Outlook Share, 2021 & 2028 (US$M)
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