Health & Safety Industry Today
Saudi Arabia Cardiovascular Devices Market Set to Experience a Massive 9.5% CAGR During 2024-2030
2022: Medtronic, a prominent medical technology firm, presented its recent advancements at the Arab Health 2022 exhibition, unveiling innovative products like the Hugo robotic-assisted surgery (RAS) system, Micra pacemaker, PillCam, and InPen.
According to MarkNtel Advisors study, 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.
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.
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Market Growth Driver: The increasing real estate development projects as well as the growing demand for residential property in Saudi Arabia has infused the growth of home furniture in the country. Moreover, the government of Saudi Arabia has taken several initiatives, such as the Housing Program Vision 2030, the Sakani Program, and the Ministry of Housing Infrastructure Program, which has heightened the establishment of new residential units in the country.
Saudi Arabia Cardiovascular Devices Market Key Players:
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
Market Segmentation Overview:
By Device Type
-Cardiac Rhythm Management Devices
-Electrocardiogram (ECG) Devices
-Coronary Intervention Devices
-Electrophysiology Devices
-Peripheral Intervention Devices
-Structural Heart Devices
In the realm of cardiovascular devices in Saudi Arabia, the Cardiac Rhythm Management Devices category stands out as the dominant segment. These devices have played a pivotal role in transforming the landscape of cardiovascular healthcare within the country, particularly in the context of managing cardiac arrhythmias and rhythm disorders. Their significance has been underscored by the critical interventions they offered, which have contributed to substantial improvements in patients' heart health and overall quality of life.
Moreover, the rising prevalence of cardiac conditions in the Saudi Arabian population has driven the widespread adoption of these advanced cardiac rhythm management technologies. Further, the high specificity and targeted efficacy of cardiac rhythm management devices made them essential tools for healthcare professionals, reflecting a proactive approach to addressing and managing cardiac issues. Their dominance in the Saudi Arabian Cardiovascular Devices Market highlights the pivotal role they play in advancing the overall healthcare infrastructure and ensuring optimal patient outcomes.
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
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By Region
· Central
· East
· West
· South
The Saudi Arabia Cardiovascular Recent Development
2022: Johnson & Johnson MedTech introduced its global initiative, "Get Smart About AFib," in Saudi Arabia, aiming to enhance care and treatment for individuals affected by atrial fibrillation (AFib) by engaging with cardiac experts, caregivers, and various cardiac working groups.
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