Market revenue in 2022 | USD 344.1 million |
Market revenue in 2030 | USD 723.6 million |
Growth rate | 9.7% (CAGR from 2022 to 2030) |
Largest segment | Artificial organ |
Fastest growing segment | Artificial bionics |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Artificial Organ, Artificial bionics |
Key market players worldwide | Zimmer Biomet Holdings Inc, Boston Scientific Corp, Cochlear Ltd, Edwards Lifesciences Corp, Ekso Bionics Holdings Inc, Medtronic PLC, Symbotic Inc Ordinary Shares - Class A, Johnson & Johnson, Berlin Heart GmbH, SynCardia Systems |
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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 artificial organs and bionics market will help companies and investors design strategic landscapes.
Artificial organ was the largest segment with a revenue share of 70.62% in 2022. Horizon Databook has segmented the Saudi Arabia artificial organs and bionics market based on artificial organ, artificial bionics covering the revenue growth of each sub-segment from 2018 to 2030.
An increase in the number of transplantation procedures is a major factor driving Saudi Arabia’s market. The increasing influx of foreign patients is likely to further accelerate the transplantation market in the country. In February 2018, the Ministry of Health and Prevention focused on National Program for Organ Transplantation.
Authorities plan to drive the UAE to the forefront of transplantation procedures both globally and locally, by regulating organ transplants to meet global health standards. The regulations aim to prevent organ trafficking and streamline the process of organ donation, preservation, transportation, & transplantation.
In 2016, the Arabian Gulf Medical Tourism Agency secured a 5-year plan to encourage medical tourists to seek treatment in its government and private hospitals. In July 2018, the Ministry of Health launched an awareness campaign to educate the community about the importance of organ donation.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia artificial organs and bionics market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia artificial organs and bionics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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