Saudi Arabia Vessel Sealing Devices Market Size & Outlook
Saudi Arabia vessel sealing devices market, 2018-2030 (US$M)
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Saudi Arabia vessel sealing devices market highlights
- The Saudi Arabia vessel sealing devices market generated a revenue of USD 10.6 million in 2023 and is expected to reach USD 19.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9.3% 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.
Vessel sealing devices market data book summary
| Market revenue in 2023 | USD 10.6 million |
| Market revenue in 2030 | USD 19.7 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Laparoscopic surgery |
| Fastest growing segment | Laparoscopic Surgery |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 0.7% of the global vessel sealing 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, Saudi Arabia vessel sealing devices market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 8.0 million by 2030.
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Vessel Sealing Devices Market Scope
Vessel Sealing Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 62.26% in 2023. Horizon Databook has segmented the Saudi Arabia vessel sealing devices market based on general surgery, laparoscopic surgery covering the revenue growth of each sub-segment from 2018 to 2030.
Innovation in technology is the key factor driving changes in Saudi Arabia’s healthcare industry at an unprecedented rate. From patient care to medical research and training, every aspect of healthcare is being improved by technological advances and operational reforms.
The country is focusing on digitization of healthcare by leveraging novel, innovative technologies, such as AI, big data, and cloud computing. There are currently 150 health-tech startups in the country. Such advancements are resulting in shorter hospitals stays and rise in number of surgical procedures, which in turn is driving the demand for vessel sealing devices.
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Target buyers of Saudi Arabia 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 country-level data and insights on the Saudi Arabia vessel sealing devices market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia vessel sealing devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia vessel sealing devices market size, by application, 2018-2030 (US$M)
Saudi Arabia Vessel Sealing Devices Market Outlook Share, 2023 & 2030 (US$M)
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