At 4.2% CAGR, the Middle East & Africa Spinal Fusion Devices Market is Projected to be Worth US$ 628.06 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa spinal fusion devices market was valued at US$ 452.49 in 2022 and is expected to reach US$ 628.06 million by 2030, registering a CAGR of 4.2% from 2022 to 2030. Low-Cost surgery under medical tourism and 3D printing for spinal fusion products for spinal surgery are among the critical factors attributed to the Middle East & Africa spinal fusion devices market expansion.

Spinal fusion surgeries are much costlier; many patients slide back from the decision to undergo spinal surgeries. Also, in many cases, the cost of spinal implants is not covered under health insurance plans, limiting the number of surgeries. On the other hand, medical tourism has enabled to offer spinal fusion surgeries at cheaper costs. Countries in developing regions have significantly developed medical tourism and have advanced technologies that provide world-class medical services at cheaper rates. The data published by Lyfboat Technologies Pvt reveals the cost of spinal fusion surgery in Egypt is US$ 10,897, and in the UAE, it is ~ US$ 8,200. Similarly, in Turkey, the cost of spinal fusion surgery is US$ 15,000. Offering critical surgeries at cheaper costs increases patient flow to these countries for their medical treatments. Also, the availability of advanced medical techniques and increasing government funding to increase medical tourism are leading to the increasing demand for advanced surgical implants. Further, the advancing healthcare infrastructure in developing countries will likely continue the demand for advanced medical devices, enhancing growth opportunities for The Middle East & Africa spinal fusion devices market.

On the contrary, stringent regulations for spinal fusion devices hampers the growth Middle East & Africa spinal fusion devices market.

Based on product type, the Middle East & Africa spinal fusion devices market is segmented into thoracolumbar devices, cervical fixation devices, and interbody fusion devices. The thoracolumbar devices segment held 44.9% share of the Middle East & Africa spinal fusion devices market in 2022, amassing US$ 202.95 million. It is projected to garner US$ 275.51 million by 2030 to expand at 3.9% CAGR during 2022–2030.

By surgery type, the Middle East & Africa spinal fusion devices market is bifurcated into open spine surgery and minimally invasive spine surgery. The open spine surgery segment held 72.8% share of the Middle East & Africa spinal fusion devices market in 2022, amassing US$ 329.24 million. It is projected to garner US$ 412.54 million by 2030 to expand at 2.9% CAGR during 2022–2030.

By disease indications, the Middle East & Africa spinal fusion devices market is segmented into degenerative disc, trauma and fractures, complex deformity, and others. The degenerative disc segment held 71.9% share of Middle East & Africa spinal fusion devices market in 2022, amassing US$ 325.39 million. It is projected to garner US$ 466.18 million by 2030 to expand at 4.6% CAGR during 2022–2030.

In terms of end users, the Middle East & Africa spinal fusion devices market is categorized into hospitals, specialty clinics, and others. The hospitals segment held 58.6% share of Middle East & Africa spinal fusion devices market in 2022, amassing US$ 265.01 million. It is projected to garner US$ 376.78 million by 2030 to expand at 4.5% CAGR during 2022–2030.

Based on country, the Middle East & Africa spinal fusion devices market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East and Africa. Saudi Arabia held 37.4% share of Middle East & Africa spinal fusion devices market in 2022, amassing US$ 169.17 million. It is projected to garner US$ 231.30 million by 2030 to expand at 4.0% CAGR during 2022–2030.

Key players operating in the Middle East & Africa spinal fusion devices market are B. Braun SE, DePuy Synthes Inc, Globus Medical Inc, Medtronic Plc, Stryker Corp, and ZimVie Inc, among others.

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