Middle East & Africa Orthopedic Soft Tissue Repair Market Size & Outlook
Middle East & Africa orthopedic soft tissue repair market, 2018-2030 (US$M)
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MEA orthopedic soft tissue repair market highlights
- The MEA orthopedic soft tissue repair market generated a revenue of USD 148.7 million in 2023.
- The market is expected to grow at a CAGR of 8.7% from 2024 to 2030.
- In terms of segment, cruciate ligaments repair was the largest revenue generating application in 2023.
- Cruciate Ligaments Repair is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 148.7 million |
| Market revenue in 2030 | USD 266.2 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Cruciate ligaments repair |
| Fastest growing segment | Cruciate Ligaments Repair |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rotator Cuff Repair, Epicondylitis, Achilles Tendinosis Repair, Pelvic Organ Prolapse, Gluteal Tendon Repair, Cruciate Ligaments Repair, Hip Arthroscopy, Biceps Tenodesis |
| Key market players worldwide | Integra Lifesciences Holdings Corp, Arthrex, Smith & Nephew PLC, DePuy Synthes, Stryker Corp, Conmed Corp, Zimmer Biomet Holdings Inc, Boston Scientific Corp, B. Braun, Wright Medical Group |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.2% of the global orthopedic soft tissue repair market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,068.5 million by 2030.
Cruciate ligaments repair was the largest segment with a revenue share of 40.01% in 2023. Horizon Databook has segmented the Middle East & Africa orthopedic soft tissue repair market based on rotator cuff repair, epicondylitis, achilles tendinosis repair, pelvic organ prolapse, gluteal tendon repair, cruciate ligaments repair, hip arthroscopy, biceps tenodesis covering the revenue growth of each sub-segment from 2018 to 2030.
Rapidly growing healthcare expenditure of MEA is expected to drive the regional market for orthopedic soft tissue repair. For instance, the healthcare sector of Saudi Arabia is the largest in Near East and the 2019 budget of the country for Health and Social affairs is around USD 46 billion, an increase of about 8% as compared to 2018.
Furthermore, key players cater to the high unmet demand generated by people of the region. For instance, Summit Medical signed a distribution agreement with Mosaic International. The collaboration aimed at distributing Summit’s products, including Orthomed Soft tissue repair products, in Saudi Arabia.
Hence, presence of key players, improving healthcare infrastructure, and growing visibility of products for orthopedic soft tissue repair are some of the factors fueling the market growth.
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Orthopedic Soft Tissue Repair Market Scope
Orthopedic Soft Tissue Repair Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA orthopedic soft tissue repair market size, by country, 2018-2030 (US$M)
Middle East & Africa Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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