South Africa Orthopedic Devices Market Size & Outlook
South Africa orthopedic devices market, 2018-2030 (US$M)
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South Africa orthopedic devices market highlights
- The South Africa orthopedic devices market generated a revenue of USD 434.4 million in 2023 and is expected to reach USD 651.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6% 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 434.4 million |
| Market revenue in 2030 | USD 651.9 million |
| Growth rate | 6% (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, South Africa accounted for 0.7% 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 |
|---|
South Africa 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 42.98% in 2023. Horizon Databook has segmented the South Africa 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.
Increase in healthcare spending and subsequent rise in the demand for advanced healthcare treatments are factors anticipated to boost the market during the forecast period. Moreover, the government of the country is undertaking an initiative to regulate the healthcare industry in South Africa.
Some of the key companies offering orthopedic products & services in the country are DISA, TITAMED, Sinapi Biomedical, CapeRay, Wrights Dental, Ottobock, ZEISS International, K2 Medical Systems Ltd., and Just Medical Device (TianJin) Co., Ltd.
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Our clientele includes a mix of orthopedic devices 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 South Africa orthopedic devices market , including forecasts for subscribers. This country databook contains high-level insights into South Africa orthopedic devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa orthopedic devices market size, by product, 2018-2030 (US$M)
South Africa Orthopedic Devices Market Outlook Share, 2023 & 2030 (US$M)
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