Saudi Arabia Orthopedic Soft Tissue Repair Market Size & Outlook
Saudi Arabia orthopedic soft tissue repair market, 2018-2030 (US$M)
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Saudi Arabia orthopedic soft tissue repair market highlights
- The Saudi Arabia orthopedic soft tissue repair market generated a revenue of USD 23.7 million in 2023 and is expected to reach USD 44.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9.4% 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.
Orthopedic soft tissue repair market data book summary
| Market revenue in 2023 | USD 23.7 million |
| Market revenue in 2030 | USD 44.3 million |
| Growth rate | 9.4% (CAGR from 2023 to 2030) |
| Largest segment | Cruciate ligaments repair |
| Fastest growing segment | Cruciate Ligaments Repair |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 0.3% of the global orthopedic soft tissue repair 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 soft tissue repair market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 42.2 million by 2030.
Cruciate ligaments repair was the largest segment with a revenue share of 40.08% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia orthopedic soft tissue repair market is one of the largest markets in the MEA region. It is anticipated to grow at a lucrative rate over the forecast period. A key factor anticipated to drive the market is growing prevalence of sports injuries, particularly hip fractures, and osteoporosis, owing to rise in prevalence of obesity & diabetes in the region.
This also drives the orthopedic soft tissue market in the country. According to an 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, incidence of fragility fractures is very high in the country. The government is, therefore, focused on reducing the mortality rate associated with osteoporosis. As a result, it is investing on orthopedic procedures, which is expected to drive the market growth over the forecast period.
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Orthopedic Soft Tissue Repair Market Scope
Orthopedic Soft Tissue Repair Market Companies
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Saudi Arabia orthopedic soft tissue repair market size, by application, 2018-2030 (US$M)
Saudi Arabia Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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