Saudi Arabia Kyphoplasty Market Size & Outlook, 2022-2030
Saudi Arabia kyphoplasty market, 2018-2030 (US$M)
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Saudi Arabia kyphoplasty market highlights
- The Saudi Arabia kyphoplasty market generated a revenue of USD 1.8 million in 2022 and is expected to reach USD 2.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5% from 2023 to 2030.
- In terms of segment, bone access devices was the largest revenue generating product in 2022.
- Balloon Catheters is the most lucrative product segment registering the fastest growth during the forecast period.
Kyphoplasty market data book summary
| Market revenue in 2022 | USD 1.8 million |
| Market revenue in 2030 | USD 2.6 million |
| Growth rate | 5% (CAGR from 2022 to 2030) |
| Largest segment | Bone access devices |
| Fastest growing segment | Balloon Catheters |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Balloon Catheters, Bone Access Devices, Cement Application Products, Instruments |
| Key market players worldwide | Stryker Corp, Medtronic PLC, Smith & Nephew PLC, MicroPort Scientific Corp, Johnson & Johnson, Halma PLC, CareFusion, Merit Medical Systems Inc, iMedicom, Seawon Meditech, Joline, G21, Joimax |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.3% of the global kyphoplasty 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 kyphoplasty 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 3.6 million by 2030.
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Kyphoplasty Market Scope
Kyphoplasty Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia kyphoplasty 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 kyphoplasty market will help companies and investors design strategic landscapes.
Bone access devices was the largest segment with a revenue share of 38.89% in 2022. Horizon Databook has segmented the Saudi Arabia kyphoplasty market based on balloon catheters, bone access devices, cement application products, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing number of R&D activities drives kyphoplasty market growth. In addition, the development of internal fixation devices and bioresorbable implants coupled with growing focus on robotic surgeries will influence market dynamics and create new opportunities in the coming years in country.
Launch of new products or acquisitions and partnerships by key players are likely to fuel the kyphoplasty market of Saudi Arabia. Moreover, increasing adoption of kyphoplasty procedure in the country further drives the market.
According to an article published NCBI and the U.S. National Library of Medicine, atherosclerotic disease is not uncommon in Saudi Arabia. Accordingly, kyphoplasty and vertebral fixation might be a valid option for the treatment of patients suffering from recurrent symptoms despite optimal medical treatment.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia kyphoplasty market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia kyphoplasty market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia kyphoplasty market size, by product, 2018-2030 (US$M)
Saudi Arabia Kyphoplasty Market Outlook Share, 2022 & 2030 (US$M)
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