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.
Middle East & Africa Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
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.
Middle East and Africa Artificial Cervical Intervertebral Disc Market Strategic Insights
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Middle East and Africa Artificial Cervical Intervertebral Disc Market Segmentation Analysis
Middle East and Africa Artificial Cervical Intervertebral Disc Market Report Highlights
Middle East and Africa Artificial Cervical Intervertebral Disc Report Scope
Report Attribute
Details
Market size in 2022
US$ 76.60 Million
Market Size by 2028
US$ 193.33 Million
CAGR (2021 - 2028)
16.7%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Material
Biopolymer Material and Metal Material
By End User
Hospitals
Ambulatory Surgical Centers
Regions and Countries Covered
Middle East and Africa
South Africa
Saudi Arabia
UAE
Rest of Middle East and Africa
Market leaders and key company profiles
B. Braun Melsugen AG.
Globus Medical, Inc.
Medtronic
NuVasive, Inc.
Orthofix Medical, Inc.
Zimmer Biomet Holdings, Inc.
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Middle East and Africa Artificial Cervical Intervertebral Disc Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - Middle East and Africa Artificial Cervical Intervertebral Disc Market
B. Braun Melsugen AG.
Globus Medical, Inc.
Medtronic
NuVasive, Inc.
Orthofix Medical, Inc.
Zimmer Biomet Holdings, Inc.
Frequently Asked Questions
How big is the Middle East and Africa Artificial Cervical Intervertebral Disc Market?
The Middle East and Africa Artificial Cervical Intervertebral Disc Market is valued at US$ 76.60 Million in 2022, it is projected to reach US$ 193.33 Million by 2028.
What is the CAGR for Middle East and Africa Artificial Cervical Intervertebral Disc Market by (2021 - 2028)?
As per our report Middle East and Africa Artificial Cervical Intervertebral Disc Market, the market size is valued at US$ 76.60 Million in 2022, projecting it to reach US$ 193.33 Million by 2028. This translates to a CAGR of approximately 16.7% during the forecast period.
What segments are covered in this report?
The Middle East and Africa Artificial Cervical Intervertebral Disc Market report typically cover these key segments-
Material (Biopolymer Material and Metal Material)
End User (Hospitals, Ambulatory Surgical Centers)
What is the historic period, base year, and forecast period taken for Middle East and Africa Artificial Cervical Intervertebral Disc Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Artificial Cervical Intervertebral Disc Market report:
Historic Period : 2020-2021
Base Year : 2022
Forecast Period : 2023-2028
Who are the major players in Middle East and Africa Artificial Cervical Intervertebral Disc Market?
The Middle East and Africa Artificial Cervical Intervertebral Disc Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
B. Braun Melsugen AG.
Globus Medical, Inc.
Medtronic
NuVasive, Inc.
Orthofix Medical, Inc.
Zimmer Biomet Holdings, Inc.
Who should buy this report?
The Middle East and Africa Artificial Cervical Intervertebral Disc Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Middle East and Africa Artificial Cervical Intervertebral Disc Market value chain can benefit from the information contained in a comprehensive market report.
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