Saudi Arabia Nerve Repair And Regeneration Market Size & Outlook
Saudi Arabia nerve repair and regeneration market, 2018-2030 (US$M)
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Saudi Arabia nerve repair and regeneration market highlights
- The Saudi Arabia nerve repair and regeneration market generated a revenue of USD 104.4 million in 2023 and is expected to reach USD 237.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 12.4% from 2024 to 2030.
- In terms of segment, neurostimulation and neuromodulation devices was the largest revenue generating product in 2023.
- Biomaterials is the most lucrative product segment registering the fastest growth during the forecast period.
Nerve repair and regeneration market data book summary
| Market revenue in 2023 | USD 104.4 million |
| Market revenue in 2030 | USD 237.2 million |
| Growth rate | 12.4% (CAGR from 2023 to 2030) |
| Largest segment | Neurostimulation and neuromodulation devices |
| Fastest growing segment | Biomaterials |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biomaterials, Neurostimulation and Neuromodulation Devices |
| Key market players worldwide | Axogen Inc, Stryker Corp, St. Jude Medical, Baxter International Inc, Boston Scientific Corp, Integra Lifesciences Holdings Corp, Medtronic PLC, Polyganics, LivaNova PLC |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.1% of the global nerve repair and regeneration 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 nerve repair and regeneration 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 408.9 million by 2030.
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Nerve Repair And Regeneration Market Scope
Nerve Repair And Regeneration Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia nerve repair and regeneration 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 nerve repair and regeneration market will help companies and investors design strategic landscapes.
Neurostimulation and neuromodulation devices was the largest segment with a revenue share of 67.24% in 2023. Horizon Databook has segmented the Saudi Arabia nerve repair and regeneration market based on biomaterials, neurostimulation and neuromodulation devices covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia nerve repair and regeneration market is anticipated to grow at significant rate of 12.5% during the forecast period owing to improving healthcare infrastructure and increasing incidence of PD & essential tremor in the country.
The government of Saudi Arabia is diverting funds toward creating a robust healthcare infrastructure by developing new hospitals. For instance, according to the latest figures from the World Bank, Saudi Arabia’s healthcare budget has increased by 6.1% in 2019 compared to the previous year.
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Our clientele includes a mix of nerve repair and regeneration market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia nerve repair and regeneration market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia nerve repair and regeneration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia nerve repair and regeneration market size, by product, 2018-2030 (US$M)
Saudi Arabia Nerve Repair And Regeneration Market Outlook Share, 2023 & 2030 (US$M)
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