Saudi Arabia Spinal Surgery Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Saudi Arabia Spinal Surgery Devices Market Analysis
The Saudi Arabia spinal surgery devices market is expected to register a CAGR of 3.2% over the forecast period, (2022-2027).
The outbreak of COVID-19 in the country has affected the spinal surgery devices market in many ways as it has limited the intensive care unit (ICU) beds and ventilation sites owing to the necessity of postponing elective and/or complex spinal surgeries. For instance, according to the study report titled 'The Saudi Spine Society guidelines on spinal surgery during the COVID-19 pandemic' published in June 2020, the Saudi Spine Society (SSS) Scientific Committee developed a basic protocol in 2020 in which the spine surgery candidates were categorized into category A (immediate), category B (urgent), and category C (elective). All the category A and B surgical procedures were carried out as usual, with only effect on category C (elective) which was strongly recommended to be postponed. Due to the postponement of surgeries the spinal surgery devices market had a negative impact. Also, the COVID-19 lockdown had a clear impact on the volume and mechanisms of injuries. For instance, as per the study in 2020 titled "The Impact of COVID-19 Lockdown on Injuries in Saudi Arabia: Results From a Level-I Trauma Center" published in July 2021, the ICU admissions were significantly reduced by 57% during the lockdown period in Saudi Arabia. Due to the decrease in the accidents and injuries during the lockdown period, the market was negatively impacted. However, the market is expected to gain traction over the coming years because of declining COVID-19 cases and the resumption of elective surgeries.
The factors such as increasing adoption of minimally invasive spinal surgeries and technological advancements in spinal surgeries are expected to positively impact the market in the forecast period. With recent developments like spinal navigation technology, newer minimally invasive techniques are expected to become available, enabling the integration of emerging technology in spinal surgery devices. Such advances will result in smaller incisions, less trauma to normal tissues, faster healing time, and quicker recovery. For instance, according to the Ministry of Health, Kingdom of Saudi Arabia, Health Activities report 2020, the total surgical interventions in Ministry of Health hospitals were reported as 3,98,188 out of which 6,709 cases are of neurosurgeries. This significant amount of surgical interventions will positively impact the spinal surgery devices market as majority of spinal surgery devices are used during the neurosurgery procedures.
However, the stringent regulatory process for new product approvals and expensive treatment and procedures are the major factors that may restrain the market's growth.
Saudi Arabia Spinal Surgery Devices Market Trends
This section covers the major market trends shaping the Saudi Arabia Spinal Surgery Devices Market according to our research experts:
Cervical Fusion Segment is Expected to Dominate the Market Over the Forecast Period
Cervical fusion is one of the common types performed during spinal fusion procedures. Spinal fusion is surgery to permanently connect two or more vertebrae in the spine, and eliminate motion between them. The growth of the cervical fusion segment is mainly attributed to the increasing adoption of minimally invasive surgeries, the rising obese population, and the increase in road accidents in Saudi Arabia.
For instance, according to the Ministry of Health, Kingdom of Saudi Arabia, Statistics and Indicators, the total road accidents in 2020 reported were 25,561. During these accidents majorly spine deformities can be observed which can be resolved through spinal fusion surgeries like cervical fusion. Hence, the demand for spinal surgery devices is expected to raise during the study period through this segment.
Many products available in the market provide conventional, yet effective treatments to patients suffering from lumbar spinal stenosis, along with alternative advanced treatments for decompression spine surgery. The major market players manufacture both anterior and posterior dynamic stabilization devices for the lumbar spine. Several clinical trials for new products are in process, which is likely to drive the growth in the coming future. Furthermore, there have been significant advancements in the field of minimally invasive that contributes toward the market expansion.
Hence, the market studied is likely to be impact by the aforementioned factors over the forecast period.
Saudi Arabia Spinal Surgery Devices Industry Overview
The spinal surgery devices market is moderately competitive and consists of international players that are operating in Saudi Arabia. Additionally, mid-size to smaller businesses are growing their market presence by offering new technologies with greater usability in response to the increasing technology breakthroughs and product innovations. Some of the major players that are operating in the Saudi Arabia spinal surgery devices market are Globus Medical Inc., Johnson & Johnson Services Inc, Medtronic, NuVasive Inc, Orthofix Holdings Inc, Tina Medix Technologies Int. Co., Baxter, Styker, Medos International SARL and ZimVie.
Saudi Arabia Spinal Surgery Devices Market Leaders
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Johnson & Johnson
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NuVasive, Inc.
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Medtronic
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Styker
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ZimVie
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Spinal Surgery Devices Market News
- In March 2022, Zimmer Biomet Holdings, Inc. completed its spinoff of ZimVie, Zimmer Biomet's former Dental and Spine business. ZimVie is a global life sciences leader in the dental and spine markets that develops, manufactures, and delivers a comprehensive portfolio of products and solutions.
- In September 2021, Medtronic PLC announced the latest additions of Catalyft PL and PL40, Space-D Access System, and Accelerate Graft Delivery System with Grafton DBF to its minimally invasive spine surgery ecosystem.
Saudi Arabia Spinal Surgery Devices Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Adoption of Minimally Invasive Spinal Surgeries
- 4.2.2 Growing Obese Population
- 4.2.3 Technological Advancements in Spinal Surgery
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4.3 Market Restraints
- 4.3.1 High Treatment Cost
- 4.3.2 Stringent Regulatory Framework
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 By Device Type
- 5.1.1 Spinal Decompression
- 5.1.1.1 Corpectomy
- 5.1.1.2 Discectomy
- 5.1.1.3 Laminotomy
- 5.1.1.4 Others
- 5.1.2 Spinal Fusion
- 5.1.2.1 Cervical Fusion
- 5.1.2.2 Interbody Fusion
- 5.1.2.3 ThoracoLumbar Fusion
- 5.1.2.4 Other Spinal Fusions
- 5.1.3 Fracture Repair Devices
- 5.1.4 Others
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Globus Medical Inc.
- 6.1.2 Johnson & Johnson Services Inc
- 6.1.3 Medtronic
- 6.1.4 NuVasive, Inc.
- 6.1.5 Orthofix Holdings Inc.
- 6.1.6 Styker
- 6.1.7 ZimVie
- 6.1.8 Tina Medix Technologies Int. Co.
- 6.1.9 Baxter
- 6.1.10 Medos International SARL
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Saudi Arabia Spinal Surgery Devices Industry Segmentation
As per the scope of the report, spinal surgery devices are devices used for the treatment of spinal injuries or deformities. They provide a solution to spinal instability. The Saudi Arabia spinal surgery devices market is segmented by Device Type (Spinal Decompression [Corpectomy, Discectomy, Laminotomy, and Others], Spinal Fusion [Cervical Fusion, Interbody Fusion, Thoracolumbar Fusion, and Other Spinal Fusions], Fracture Repair Devices, and Others). The report offers the value (in USD million) for the above segments.
| By Device Type | Spinal Decompression | Corpectomy |
| Discectomy | ||
| Laminotomy | ||
| Others | ||
| By Device Type | Spinal Fusion | Cervical Fusion |
| Interbody Fusion | ||
| ThoracoLumbar Fusion | ||
| Other Spinal Fusions | ||
| By Device Type | Fracture Repair Devices | |
| Others |
Saudi Arabia Spinal Surgery Devices Market Research FAQs
What is the current Saudi Arabia Spinal Surgery Devices Market size?
The Saudi Arabia Spinal Surgery Devices Market is projected to register a CAGR of 3.20% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Spinal Surgery Devices Market?
Johnson & Johnson, NuVasive, Inc., Medtronic, Styker and ZimVie are the major companies operating in the Saudi Arabia Spinal Surgery Devices Market.
What years does this Saudi Arabia Spinal Surgery Devices Market cover?
The report covers the Saudi Arabia Spinal Surgery Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Spinal Surgery Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Saudi Arabia Spinal Surgery Devices Industry Report
Statistics for the 2024 Saudi Arabia Spinal Surgery Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Spinal Surgery Devices analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
