Saudi Arabia Foot And Ankle Devices Market Size & Outlook
Saudi Arabia foot and ankle devices market, 2018-2030 (US$M)
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Saudi Arabia foot and ankle devices market highlights
- The Saudi Arabia foot and ankle devices market generated a revenue of USD 41.1 million in 2023 and is expected to reach USD 65.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, orthopedic fixation was the largest revenue generating product in 2023.
- Soft Tissue Orthopedic Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Foot and ankle devices market data book summary
| Market revenue in 2023 | USD 41.1 million |
| Market revenue in 2030 | USD 65.8 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Orthopedic fixation |
| Fastest growing segment | Soft Tissue Orthopedic Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bracing & Support, Joint Implants, Soft Tissue Orthopedic Devices, Orthopedic Fixation, Prosthetics |
| Key market players worldwide | Stryker Corp, Johnson & Johnson, Zimmer Biomet Holdings Inc, Smith & Nephew PLC, Enovis Corp, Acumed, Arthrex, Paragon 28 Inc, Orthofix Medical Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.9% of the global foot and ankle devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa foot and ankle devices market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 103.6 million by 2030.
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Foot And Ankle Devices Market Scope
Foot And Ankle Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia foot and ankle devices market outlook
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 foot and ankle devices market will help companies and investors design strategic landscapes.
Orthopedic fixation was the largest segment with a revenue share of 30.41% in 2023. Horizon Databook has segmented the Saudi Arabia foot and ankle devices market based on bracing & support, joint implants, soft tissue orthopedic devices, orthopedic fixation, prosthetics covering the revenue growth of each sub-segment from 2018 to 2030.
The availability of world-class healthcare infrastructure and increase in the number of industry experts trained rapidly are supporting the market in Saudi Arabia. Saudi Arabia medical device approval process is not as stringent as that of developed countries.
This is expected to improve the interest of medical device CROs and CDMOs to enter the market, thus boosting competition in Saudi Arabia market. Some key players operating in the country are IQVIA, Inc., Laboratory Corporation of America Holdings, and SGS SA.
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Our clientele includes a mix of foot and ankle devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia foot and ankle devices market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia foot and ankle devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia foot and ankle devices market size, by product, 2018-2030 (US$M)
Saudi Arabia Foot And Ankle Devices Market Share, 2023 & 2030 (US$M)
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