Saudi Arabia Vital Signs Monitoring Market Size & Outlook
Saudi Arabia vital signs monitoring market, 2018-2030 (US$M)
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Saudi Arabia vital signs monitoring market highlights
- The Saudi Arabia vital signs monitoring market generated a revenue of USD 136.4 million in 2023 and is expected to reach USD 205.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, blood pressure monitors was the largest revenue generating product in 2023.
- Other Vital Sign Monitors is the most lucrative product segment registering the fastest growth during the forecast period.
Vital signs monitoring market data book summary
| Market revenue in 2023 | USD 136.4 million |
| Market revenue in 2030 | USD 205.7 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Blood pressure monitors |
| Fastest growing segment | Other Vital Sign Monitors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Pressure Monitors, Pulse Oximeters, Temperature Monitoring Devices, Other Vital Sign Monitors |
| Key market players worldwide | Koninklijke Philips NV, Medtronic PLC, Nihon Kohden Corp, GE HealthCare Technologies Inc Common Stock, Masimo Corp, OMRON Corp, A&D Medical, Nonin Medical, SunTech Medical |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.4% of the global vital signs monitoring 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 vital signs monitoring market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 217.1 million by 2030.
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Vital Signs Monitoring Market Scope
Vital Signs Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia vital signs monitoring 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 vital signs monitoring market will help companies and investors design strategic landscapes.
Blood pressure monitors was the largest segment with a revenue share of 48.31% in 2023. Horizon Databook has segmented the Saudi Arabia vital signs monitoring market based on blood pressure monitors, pulse oximeters, temperature monitoring devices, other vital sign monitors covering the revenue growth of each sub-segment from 2018 to 2030.
In Saudi Arabia, to manufacture any medical device or IVD the company must obtain the Medical Device Marketing Authorization (MDMA) approval from Saudi Arabia’s drug regulatory authority, The Saudi Food and Drug Authority (SDFA).
According to the Ministry of Health of Saudi Arabia, the medical device market of the country relies on the import of medical devices from countries like the U.S. Additionally there is 100% FDI (Foreign Direct Investment) allowed in the country in the healthcare sector.
This is expected to serve as a potential market for the sale of vital sign monitors. The market share of Saudi Arabia is expected to increase due to increase in health care expenditure and government initiatives to increase the number of hospitals in the country.
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Our clientele includes a mix of vital signs monitoring 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 vital signs monitoring market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia vital signs monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia vital signs monitoring market size, by product, 2018-2030 (US$M)
Saudi Arabia Vital Signs Monitoring Market Outlook Share, 2023 & 2030 (US$M)
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