Saudi Arabia Orthopedic Biomaterials Market Size & Outlook
Saudi Arabia orthopedic biomaterials market, 2018-2030 (US$M)
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Saudi Arabia orthopedic biomaterials market highlights
- The Saudi Arabia orthopedic biomaterials market generated a revenue of USD 130.1 million in 2023 and is expected to reach USD 241.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, ceramics & bioactive glass biomaterials was the largest revenue generating material in 2023.
- Polymers Biomaterials is the most lucrative material segment registering the fastest growth during the forecast period.
Orthopedic biomaterials market data book summary
| Market revenue in 2023 | USD 130.1 million |
| Market revenue in 2030 | USD 241.7 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Ceramics & bioactive glass biomaterials |
| Fastest growing segment | Polymers Biomaterials |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ceramics & Bioactive Glass Biomaterials, Polymers Biomaterials, Calcium Phosphate Cements, Metal Biomaterials, Composites |
| Key market players worldwide | Koninklijke DSM NV, Evonik Industries AG, Stryker Corp, DePuy Synthes, Zimmer Biomet Holdings Inc, Globus Medical Inc Class A, Exactech, Matexcel, AdvanSource Biomaterials Corporation, Invibio, CAM Bioceramics, Heraeus |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global orthopedic biomaterials 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 orthopedic biomaterials 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 348.8 million by 2030.
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Orthopedic Biomaterials Market Scope
Orthopedic Biomaterials Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia orthopedic biomaterials 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 orthopedic biomaterials market will help companies and investors design strategic landscapes.
Ceramics & bioactive glass biomaterials was the largest segment with a revenue share of 31.98% in 2023. Horizon Databook has segmented the Saudi Arabia orthopedic biomaterials market based on ceramics & bioactive glass biomaterials, polymers biomaterials, calcium phosphate cements, metal biomaterials, composites covering the revenue growth of each sub-segment from 2018 to 2030.
Key factors anticipated to drive the market are growing prevalence of osteoporosis, particularly hip fractures in the region, owing to increasing prevalence of obesity and diabetes in the region. According to the article published in the Journal of International Medical Research in 2017, osteoporosis is common in Saudi Arabia and the prevalence was reported to be greater than 30% in men and women above 56 years of age.
Moreover, the economic burden due to fragility fractures is very high in the country. The government in the country is therefore focusing on reducing the mortality rate associated with osteoporosis. Owing to this, the government is investing in orthopedic implants and biomaterials for restoring motion in amputated patients. This is anticipated to drive the market in the country over the forecast period.
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Our clientele includes a mix of orthopedic biomaterials 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 orthopedic biomaterials market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia orthopedic biomaterials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia orthopedic biomaterials market size, by material, 2018-2030 (US$M)
Saudi Arabia Orthopedic Biomaterials Market Share, 2023 & 2030 (US$M)
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