Saudi Arabia Cardiovascular Devices Market Report – 2024 Outlook, Trends, Share, Size & Forecast

MarkNtel Advisors has unveiled its latest research report on the Saudi Arabia Cardiovascular Devices Market, providing an in-depth analysis of market dynamics, growth prospects, and competitive landscape. This report serves as a valuable resource for stakeholders aiming to capitalize on emerging opportunities and navigate potential challenges in the Saudi Arabia Cardiovascular Devices industry.

Saudi Arabia Cardiovascular Devices Market Size: 2024 Outlook

The Saudi Arabia Cardiovascular Devices Market size is estimated to grow at a CAGR of around 9.5% during the forecast period, i.e., 2024-30. Government investments and public-private partnerships have played a pivotal role in the growth of the cardiovascular devices market in Saudi Arabia. These investments have led to the expansion and enhancement of healthcare infrastructure, with a focus on cardiovascular care. Major healthcare complexes such as King Fahd Medical City and King Abdulaziz Medical City have been revamped to offer modern cardiology departments. This has improved the demand for cardiovascular devices across the country. Further, improved healthcare accessibility, training programs for healthcare professionals, and heightened public awareness have all contributed to an increased demand for cardiovascular devices. This was in line with raising the standard of cardiovascular care, benefiting patients, and driving the growth of the cardiovascular devices market in Saudi Arabia.

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📘 Scope of the Report

• Forecasts till 2030 with year-wise market breakdown
• Geographical and segment-level analysis
• Company profiles and strategic insights
• Key market drivers and restraints
• Analysis of market trends and investment opportunities

Which prominent factor is expected to drive the Saudi Arabia Cardiovascular Devices Market during 2024-30?

Growing Incidence of Lifestyle-induced Cardiovascular Diseases – In Saudi Arabia, changing lifestyles, characterized by the adoption of more sedentary routines, higher consumption of processed foods, and increased stress levels, have contributed to a notable increase in the incidence of Cardiovascular Diseases (CVD). This shift in lifestyle choices has been particularly evident in urban areas and has been associated with the rapid modernization and urbanization of the country. For instance,

• In 2022, as per the Saudi Health Council, over 30 percent of adults (18 years) in the Kingdom of Saudi Arabia (KSA) were at risk of a CVD event.

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Saudi Arabia Cardiovascular Devices Market Segmentation

By Device Type

• Cardiac Rhythm Management Devices- Market Size & Forecast 2019-2030F, USD Million
• Electrocardiogram (ECG) Devices- Market Size & Forecast 2019-2030F, USD Million
• Coronary Intervention Devices- Market Size & Forecast 2019-2030F, USD Million
• Electrophysiology Devices- Market Size & Forecast 2019-2030F, USD Million
• Peripheral Intervention Devices- Market Size & Forecast 2019-2030F, USD Million
• Structural Heart Devices- Market Size & Forecast 2019-2030F, USD Million

By Application

• Coronary Artery Disease- Market Size & Forecast 2019-2030F, USD Million
• Cardiac Arrhythmia- Market Size & Forecast 2019-2030F, USD Million
• Hypertension (High Blood Pressure)- Market Size & Forecast 2019-2030F, USD Million
• Heart Failure- Market Size & Forecast 2019-2030F, USD Million
• Others (Peripheral Arterial Disease (PAD), Congenital Heart Disease (CHD), etc.)- Market Size & Forecast 2019-2030F, USD Million

By End User

• Hospitals- Market Size & Forecast 2019-2030F, USD Million
• Specialty Centers & Clinics- Market Size & Forecast 2019-2030F, USD Million
• Diagnostic Centers- Market Size & Forecast 2019-2030F, USD Million
• Ambulatory Surgical Centers- Market Size & Forecast 2019-2030F, USD Million

By Region

• Central
• East
• West
• South

Industry Leaders: Who’s Dominating the Saudi Arabia Cardiovascular Devices Market?

The market is highly competitive, with players launching innovation-driven products and investing in strategic partnerships. Key participants include:

• GE HealthCare
• Abbott Laboratories
• Johnson & Johnson MedTech
• Biotrinik
• Medtronic Plc
• Terumo Middle East FZE
• Boston Scientific Corporation
• LivaNova PLC
• Edwards Lifesciences Corporation
• MicroPort Scientific Corporation

These companies are focused on health-based R&D, expansion, and functional ingredient diversification.

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Frequently Asked Questions (FAQs)

1. What are the main drivers of the Saudi Arabia Cardiovascular Devices market?
2. Which segment leads the Saudi Arabia Cardiovascular Devices industry?
3. What regulatory challenges impact product development?
4. Who are the top players in the Saudi Arabia Cardiovascular Devices industry?

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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