Middle East & Africa Vessel Sealing Devices Market Size & Outlook
Middle East & Africa vessel sealing devices market, 2018-2030 (US$M)
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MEA vessel sealing devices market highlights
- The MEA vessel sealing devices market generated a revenue of USD 35.1 million in 2023.
- The market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, laparoscopic surgery was the largest revenue generating application in 2023.
- Laparoscopic Surgery is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 35.1 million |
| Market revenue in 2030 | USD 64.8 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Laparoscopic surgery |
| Fastest growing segment | Laparoscopic Surgery |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | General Surgery, Laparoscopic Surgery |
| Key market players worldwide | Medtronic PLC, Olympus Corp, B. Braun, Johnson & Johnson, OmniAb Inc, Intuitive Surgical Inc, Hologic Inc, Erbe Elektromedizin, Bowa Medical, Bolder Surgical, KLS Martin Group |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.2% of the global vessel sealing devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 474.9 million by 2030.
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Vessel Sealing Devices Market Scope
Vessel Sealing Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa vessel sealing devices 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 vessel sealing devices market will help companies and investors design strategic landscapes.
Laparoscopic surgery was the largest segment with a revenue share of 63.25% in 2023. Horizon Databook has segmented the Middle East & Africa vessel sealing devices market based on general surgery, laparoscopic surgery covering the revenue growth of each sub-segment from 2018 to 2030.
Presence of technology facilitators such as UN-ESCWA National Technology Transfer Offices (NTTO), Opportunity to manufacture cost effective carbon composite surgical tables .
Low R&D investment , Sanctions by western countries such as U.S. is prohibiting trade of certain goods and raw materials.
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Target buyers of Middle East & Africa vessel sealing devices market databook
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Our clientele includes a mix of vessel sealing devices 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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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa vessel sealing devices market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa vessel sealing devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA vessel sealing devices market size, by country, 2018-2030 (US$M)
Middle East & Africa Vessel Sealing Devices Market Outlook Share, 2023 & 2030 (US$M)
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