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The market is segmented By Device Type (Spinal Decompression, Spinal Fusion, Fracture Repair Devices, Arthroplasty Devices, and Non-fusion Devices).
The developments in spine surgery and advancements in associated technology have produced stable growth in volumes of surgeries. Hospitals in Saudi Arabia are furnished with the most-modern medical equipment and facilities, the best in the Middle-East region, with the Ministry of Health giving annual line for replacement of medical equipment. Saudi Arabia is completely dependent on imports for medical devices. Companies involved in spinal surgery devices focus intensively on technological advancement. 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. The other factors such as growing obese population and increasing adoption of minimally invasive spinal surgeries is also expected to positively impact the market in the forecast period.
As per the scope of the report, the spinal surgery devices market is a significant. It has evolved into one of the major segments of the orthopedic industry. Spinal surgery is traditionally performed as open surgery, wherein a long incision allows a surgeon to access the spinal anatomy of a body.
|By Device Type|
|Fracture Repair Devices|
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Based on Device type, the market is segmented into spinal decompression, spinal fusion, fracture repair devices, arthroplasty devices, and non-fusion devices. The growth of spinal fusion segment is mainly attributed to the increasing adoption of minimally invasive surgeries and rising obese population. 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.
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The international players that are operating in the Saudi Arabia spinal surgery devices market are Globus Medical Inc., Johnson & Johnson, Medtronic PLC, NuVasive Inc, Orthofix Holdings Inc, Styker Corporation and Zimmer Biomet.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
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
4.3 Market Restraints
4.3.1 High Treatment Cost
4.3.2 Stringent Regulatory Framework
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
5.1 By Device Type
5.1.1 Spinal Decompression
5.1.2 Spinal Fusion
188.8.131.52 Cervical Fusion
184.108.40.206 Interbody Fusion
220.127.116.11 ThoracoLumbar Fusion
18.104.22.168 Other Spinal Fusions
5.1.3 Fracture Repair Devices
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Globus Medical Inc.
6.1.2 Johnson & Johnson
6.1.3 Medtronic PLC
6.1.4 NuVasive, Inc.
6.1.5 Orthofix Holdings Inc.
6.1.6 Styker Corporation
6.1.7 Zimmer Biomet
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments