Market Size of Saudi Arabia Spinal Surgery Devices Industry
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 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.
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Fracture Repair Devices | ||||||
Others |
Saudi Arabia Spinal Surgery Devices Market Size Summary
The Saudi Arabia spinal surgery devices market is poised for growth, driven by the increasing adoption of minimally invasive surgical techniques and technological advancements in the field. The market experienced a temporary setback due to the COVID-19 pandemic, which led to the postponement of elective surgeries and a reduction in injury-related surgeries. However, as COVID-19 cases decline and elective surgeries resume, the market is expected to recover and expand. The integration of emerging technologies, such as spinal navigation and minimally invasive techniques, is anticipated to enhance surgical outcomes, reduce recovery times, and increase the demand for spinal surgery devices. Despite challenges such as stringent regulatory processes and high treatment costs, the market is supported by a significant volume of surgical interventions, particularly in neurosurgery, which is expected to drive demand for spinal surgery devices.
The competitive landscape of the Saudi Arabia spinal surgery devices market is characterized by the presence of international players and the emergence of mid-size to smaller companies offering innovative technologies. Major companies like Globus Medical Inc., Johnson & Johnson Services Inc., Medtronic, and others are actively contributing to market growth through product innovations and strategic developments. The market is also witnessing advancements in minimally invasive procedures, which are expected to further propel its expansion. The cervical fusion segment, in particular, is gaining traction due to the rising incidence of obesity and road accidents, which necessitate spinal fusion surgeries. As the market evolves, ongoing clinical trials and the introduction of new products are likely to sustain its growth trajectory over the forecast period.
Saudi Arabia Spinal Surgery Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Adoption of Minimally Invasive Spinal Surgeries
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1.2.2 Growing Obese Population
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1.2.3 Technological Advancements in Spinal Surgery
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1.3 Market Restraints
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1.3.1 High Treatment Cost
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1.3.2 Stringent Regulatory Framework
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Device Type
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2.1.1 Spinal Decompression
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2.1.1.1 Corpectomy
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2.1.1.2 Discectomy
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2.1.1.3 Laminotomy
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2.1.1.4 Others
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2.1.2 Spinal Fusion
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2.1.2.1 Cervical Fusion
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2.1.2.2 Interbody Fusion
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2.1.2.3 ThoracoLumbar Fusion
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2.1.2.4 Other Spinal Fusions
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2.1.3 Fracture Repair Devices
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2.1.4 Others
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Saudi Arabia Spinal Surgery Devices Market Size 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.