Kuwait Medical Device Design And Development Services Market Size & Outlook

The medical device design and development services market in Kuwait is expected to reach a projected revenue of US$ 98.3 million by 2030. A compound annual growth rate of 14.3% is expected of Kuwait medical device design and development services market from 2024 to 2030.
Revenue, 2023 (US$M)
$38.6
Forecast, 2030 (US$M)
$98.3
CAGR, 2024 - 2030
14.3%
Report Coverage
Kuwait

Kuwait medical device design and development services market, 2018-2030 (US$M)

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Kuwait medical device design and development services market, 2018-2030 (US$M)

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Kuwait medical device design and development services market highlights

  • The Kuwait medical device design and development services market generated a revenue of USD 38.6 million in 2023 and is expected to reach USD 98.3 million by 2030.
  • The Kuwait market is expected to grow at a CAGR of 14.3% from 2024 to 2030.
  • In terms of segment, machining was the largest revenue generating services in 2023.
  • Packaging is the most lucrative services segment registering the fastest growth during the forecast period.


Medical device design and development services market data book summary

Market revenue in 2023USD 38.6 million
Market revenue in 2030USD 98.3 million
Growth rate14.3% (CAGR from 2023 to 2030)
Largest segmentMachining
Fastest growing segmentPackaging
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDesigning & Engineering, Machining, Molding, Packaging
Key market players worldwideXimedica, Jabil Inc, Flex Ltd, Plexus Corp, Nordson Corp, Celestica Inc Ordinary Shares (Subordinate Voting)


Other key industry trends

  • In terms of revenue, Kuwait accounted for 0.4% of the global medical device design and development services market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Middle East & Africa, Saudi Arabia medical device design and development services market is projected to lead the regional market in terms of revenue in 2030.
  • Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 98.3 million by 2030.

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Medical Device Design And Development Services Market Scope

Medical device design and development services market segmentation & scope

Medical Device Design And Development Services Market Companies

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Kuwait medical device design and development services market size, by services, 2018-2030 (US$M)

Kuwait Medical Device Design And Development Services Market Outlook Share, 2023 & 2030 (US$M)

Kuwait medical device design and development services market size, by services, 2018-2030 (US$M)

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