The artificial cervical intervertebral disc market in Middle East & Africa is expected to grow from US$ 76.60 million in 2022 to US$ 193.33 million by 2028. It is estimated to grow at a CAGR of 16.7% from 2021 to 2028.
With increasing manufacturing costs, medical device manufacturers struggle to generate enough revenue to please their investors. Emerging markets in developing economies are crucial in offering better and more lucrative growth opportunities to major players to expand their business and geographic reach. The treatment of orthopedic conditions has become simpler with the help of advanced medical technologies. Minimally invasive surgeries, such as artificial cervical intervertebral disc replacement surgery, have reduced the consumption of heavy-dose medicines. The uptake of these orthopedic surgeries is likely to increase in the emerging region, such as the Middle East & Africa, in the coming years.
This region invests more in healthcare and aggressively creates awareness regarding minimally invasive orthopedic surgeries. The healthcare expenditure in economies, such as UAE and others, is growing, which has created many opportunities, thereby providing better services. These economies are witnessing an increase in adult and geriatric populations. Therefore, the incidences of orthopedic conditions are likely to increase in the near future.
In addition, the availability of technologically advanced infrastructure is likely to boost the local players in the manufacturing of advanced orthopedic products over the next few years. Therefore, the market in developing countries is expected to show high growth potential during the forecast period.
Based on country, the market is fragmented into Saudi Arabia, the UAE, South Africa, and the Rest of the Middle East & Africa. Saudi Arabia will hold the largest market share by the end of 2022.
B. Braun Melsugen AG.; Globus Medical, Inc.; Medtronic; NuVasive, Inc.; Orthofix Medical, Inc.; and Zimmer Biomet Holdings, Inc. are the leading companies in the Middle East & Africa artificial cervical intervertebral disc market.
With increasing manufacturing costs, medical device manufacturers struggle to generate enough revenue to please their investors. Emerging markets in developing economies are crucial in offering better and more lucrative growth opportunities to major players to expand their business and geographic reach. The treatment of orthopedic conditions has become simpler with the help of advanced medical technologies. Minimally invasive surgeries, such as artificial cervical intervertebral disc replacement surgery, have reduced the consumption of heavy-dose medicines. The uptake of these orthopedic surgeries is likely to increase in the emerging region, such as the Middle East & Africa, in the coming years.
This region invests more in healthcare and aggressively creates awareness regarding minimally invasive orthopedic surgeries. The healthcare expenditure in economies, such as UAE and others, is growing, which has created many opportunities, thereby providing better services. These economies are witnessing an increase in adult and geriatric populations. Therefore, the incidences of orthopedic conditions are likely to increase in the near future.
In addition, the availability of technologically advanced infrastructure is likely to boost the local players in the manufacturing of advanced orthopedic products over the next few years. Therefore, the market in developing countries is expected to show high growth potential during the forecast period.
Middle East & Africa Artificial Cervical Intervertebral Disc Market Segmentation
The Middle East & Africa artificial cervical intervertebral disc market is analyzed on the basis of material, end user, and country. Based on material, the market has been bifurcated into biopolymer and metal. In 2022, the biopolymer material segment held a larger market share. Based on end user, the market is segmented into hospitals, ambulatory surgical centers, and others. In 2022, the hospitals segment held the largest market share.Based on country, the market is fragmented into Saudi Arabia, the UAE, South Africa, and the Rest of the Middle East & Africa. Saudi Arabia will hold the largest market share by the end of 2022.
B. Braun Melsugen AG.; Globus Medical, Inc.; Medtronic; NuVasive, Inc.; Orthofix Medical, Inc.; and Zimmer Biomet Holdings, Inc. are the leading companies in the Middle East & Africa artificial cervical intervertebral disc market.
Table of Contents
1. Introduction
3. Research Methodology
4. MEA Artificial Cervical Intervertebral Disc Market - Market Landscape
5. MEA Artificial Cervical Intervertebral Disc Market - Key Market Dynamics
6. Artificial Cervical Intervertebral Disc Market- MEA Analysis
7. MEA Artificial Cervical Intervertebral Disc Market Analysis - By Material
8. MEA Artificial Cervical Intervertebral Disc Market Analysis - By End User
9. MEA Artificial Cervical Intervertebral Disc Market- Country Analysis
10. MEA Artificial Cervical Intervertebral Disc Market - Industry Landscape
11. Company Profiles
12. Appendix
List of Figures
List of Tables
Companies Mentioned
- B. Braun Melsugen AG.
- Globus Medical, Inc.
- Medtronic
- NuVasive, Inc.
- Orthofix Medical, Inc.
- Zimmer Biomet Holdings, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 101 |
| Published | August 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 76.6 Million |
| Forecasted Market Value ( USD | $ 193.33 Million |
| Compound Annual Growth Rate | 16.7% |
| Regions Covered | Africa, Middle East |
| No. of Companies Mentioned | 6 |
