MarkNtel Advisors recently published a detailed industry analysis of the Saudi Arabia Cardiovascular Devices Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Saudi Arabia Cardiovascular Devices Market (2024-2030)
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.
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What is driving the Saudi Arabia Cardiovascular Devices market?
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.
As a result, as the incidence of CVD has been increasing, the demand for cardiovascular devices also enhanced to diagnose, treat, and manage these cases.
What segments define the Saudi Arabia Cardiovascular Devices market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Device Type
(Cardiac Rhythm Management Devices, Electrocardiogram (ECG) Devices, Coronary Intervention Devices, Electrophysiology Devices, Peripheral Intervention Devices, Structural Heart Devices),
By Application
(Coronary Artery Disease, Cardiac Arrhythmia, Hypertension (High Blood Pressure), Heart Failure, Others (Peripheral Arterial Disease (PAD), Congenital Heart Disease (CHD), etc.)),
By End User
(Hospitals Specialty Centers & Clinics, Diagnostic Centers, Ambulatory Surgical Centers)
Region
(West, East, South, Central)
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Who are the leading key players shaping the Saudi Arabia Cardiovascular Devices Market landscape?
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, and others
Questions Addressed in this Study
1.What factors are driving the Saudi Arabia Cardiovascular Devices Market growth?
2.How is the Saudi Arabia Cardiovascular Devices Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Saudi Arabia Cardiovascular Devices Market?
4.What is the current size of the Saudi Arabia Cardiovascular Devices Market, and how is it projected to change in the future?
6.What is the future outlook for the Saudi Arabia Cardiovascular Devices Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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