Saudi Arabia Orthopedic Devices Market Size & Outlook
Saudi Arabia orthopedic devices market, 2018-2030 (US$M)
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Saudi Arabia orthopedic devices market highlights
- The Saudi Arabia orthopedic devices market generated a revenue of USD 302.3 million in 2023 and is expected to reach USD 451.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, joint replacement/ orthopedic implants was the largest revenue generating product in 2023.
- Orthobiologics is the most lucrative product segment registering the fastest growth during the forecast period.
Orthopedic devices market data book summary
| Market revenue in 2023 | USD 302.3 million |
| Market revenue in 2030 | USD 451.8 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Joint replacement/ orthopedic implants |
| Fastest growing segment | Orthobiologics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Joint Replacement/ Orthopedic Implants, Trauma, Sports Medicine, Orthobiologics |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Zimmer Biomet Holdings Inc, DePuy Synthes, Smith & Nephew PLC, Aesculap, Conmed Corp, NuVasive, Enovis Corp |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.5% of the global orthopedic 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 orthopedic 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 651.9 million by 2030.
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Orthopedic Devices Market Scope
Orthopedic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia orthopedic 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 orthopedic devices market will help companies and investors design strategic landscapes.
Joint replacement/ orthopedic implants was the largest segment with a revenue share of 40.92% in 2023. Horizon Databook has segmented the Saudi Arabia orthopedic devices market based on joint replacement/ orthopedic implants, trauma, sports medicine, orthobiologics covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia’s FDA has implemented a modern regulatory framework that supports clinical trials and development & manufacturing of orthopedic devices in the country. Furthermore, the availability of world-class healthcare infrastructure and an increase in the number of industry experts trained rapidly are supporting the market in Saudi Arabia.
Saudi Arabia’s orthopedic device approval process is not as stringent as that of developed economies. This is expected to improve the interest of orthopedic device companies to invest in research, supporting the market growth in Saudi Arabia.
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Target buyers of Saudi Arabia orthopedic devices market databook
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Our clientele includes a mix of orthopedic devices market companies, investment firms, advisory firms & academic institutions.
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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 orthopedic devices market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia orthopedic devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia orthopedic devices market size, by product, 2018-2030 (US$M)
Saudi Arabia Orthopedic Devices Market Outlook Share, 2023 & 2030 (US$M)
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