Saudi Arabia Hernia Repair Devices Market Size & Outlook
Saudi Arabia hernia repair devices market, 2018-2030 (US$M)
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Saudi Arabia hernia repair devices market highlights
- The Saudi Arabia hernia repair devices market generated a revenue of USD 51.5 million in 2022 and is expected to reach USD 70.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.1% from 2023 to 2030.
- In terms of segment, hernia mesh was the largest revenue generating product in 2022.
- Hernia Fixation Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Hernia repair devices market data book summary
| Market revenue in 2022 | USD 51.5 million |
| Market revenue in 2030 | USD 70.9 million |
| Growth rate | 4.1% (CAGR from 2022 to 2030) |
| Largest segment | Hernia mesh |
| Fastest growing segment | Hernia Fixation Devices |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hernia Mesh, Hernia Fixation Devices |
| Key market players worldwide | Medtronic PLC, Johnson & Johnson, BD, W.L. Gore & Associates, LifeCell International, B. Braun, Baxter International Inc, COOK, Herniamesh, Atrium Health |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.9% of the global hernia repair devices market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa hernia repair devices market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 47.9 million by 2030.
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Hernia Repair Devices Market Scope
Hernia Repair Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia hernia repair 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 hernia repair devices market will help companies and investors design strategic landscapes.
Hernia mesh was the largest segment with a revenue share of 73.01% in 2022. Horizon Databook has segmented the Saudi Arabia hernia repair devices market based on hernia mesh, hernia fixation devices covering the revenue growth of each sub-segment from 2018 to 2030.
The hernia repair devices market in Saudi Arabia is anticipated to witness significant growth over the forecast period. The healthcare system in Saudi Arabia is outperforming other countries in MEA due to ongoing efforts by the government and the corporate sector.
Saudi Arabia has the largest number of hospitals and primary healthcare centers in the region. Moreover, increase in disposable income due to economic growth and urbanization is anticipated to create lucrative growth opportunities.
The government of Saudi Arabia is diverting funds toward creating a robust healthcare infrastructure by establishing new hospitals. Moreover, according to the latest figures from the World Bank, Saudi Arabia’s healthcare budget has increased by 6.10% in 2019 from 2018. Therefore, key players in the market are strategically expanding their presence in the region and focusing on commercialization of their products at affordable prices.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia hernia repair devices market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia hernia repair devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia hernia repair devices market size, by product, 2018-2030 (US$M)
Saudi Arabia Hernia Repair Devices Market Share, 2022 & 2030 (US$M)
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