South Africa Orthopedic Regenerative Surgical Products Market Size & Outlook
South Africa orthopedic regenerative surgical products market, 2016-2030 (US$M)
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South Africa orthopedic regenerative surgical products market highlights
- The South Africa orthopedic regenerative surgical products market generated a revenue of USD 41.9 million in 2022 and is expected to reach USD 60.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.7% from 2023 to 2030.
- In terms of segment, viscosupplements was the largest revenue generating product in 2022.
- Synthetic is the most lucrative product segment registering the fastest growth during the forecast period.
Orthopedic regenerative surgical products market data book summary
| Market revenue in 2022 | USD 41.9 million |
| Market revenue in 2030 | USD 60.3 million |
| Growth rate | 4.7% (CAGR from 2022 to 2030) |
| Largest segment | Viscosupplements |
| Fastest growing segment | Synthetic |
| Historical data | 2016 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Allografts, Synthetic, Cell-based, Viscosupplements |
| Key market players worldwide | Anika Therapeutics Inc, Vericel Corp, Baxter International Inc, Zimmer Biomet Holdings Inc, Stryker Corp, Smith & Nephew PLC, BioTissue, MiMedx Group Inc, Arthrex, AlloSource, VSY Biotechnology, Aptissen |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.0% of the global orthopedic regenerative surgical products 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 orthopedic regenerative surgical products 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 60.3 million by 2030.
Key Regions: Brazil , U.S. , UK , Japan , Saudi Arabia
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Orthopedic Regenerative Surgical Products Market Scope
Orthopedic Regenerative Surgical Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa orthopedic regenerative surgical products 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 regenerative surgical products market will help companies and investors design strategic landscapes.
Viscosupplements was the largest segment with a revenue share of 41.29% in 2022. Horizon Databook has segmented the South Africa orthopedic regenerative surgical products market based on allografts, synthetic, cell-based, viscosupplements covering the revenue growth of each sub-segment from 2016 to 2030.
In South Africa, the prevalence of osteoarthritis accounts for between 29.5% and 82.7% in adults over 65 years of age in rural settings and 55.1% in urban settings. The prevalence of osteoarthritis is high in the country, which is likely to significantly contribute to market growth over the forecast period.
The growing adoption of minimally invasive surgeries can further accelerate market growth. In 2016, a knee replacement operation was conducted using the advanced Mako robotic-arm for the first time in South Africa. Approximately 8,000 to 10,000 total knee replacements take place in the country annually, which can promote overall market growth.
The country is well-positioned as an ideal medical tourism destination, as it possesses an established and underutilized private healthcare sector. Thereby, South Africa is growing in popularity as a key medical tourism destination, which is leading to a positive impact on the market. SAHPRA, the regulatory authority, controls licensing of medical devices and their registration in the country.
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Target buyers of South Africa orthopedic regenerative surgical products market databook
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Our clientele includes a mix of orthopedic regenerative surgical products 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa orthopedic regenerative surgical products market , including forecasts for subscribers. This country databook contains high-level insights into South Africa orthopedic regenerative surgical products market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa orthopedic regenerative surgical products market size, by product, 2016-2030 (US$M)
South Africa Orthopedic Regenerative Surgical Products Market Outlook Share, 2022 & 2030 (US$M)
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