Middle East & Africa Pedicle Screws Market
Recent product launches in the pedicle screw market include expansion, acquisitions, and strategic collaborations among the market players. For instance, in May 2023, Intelivation Technologies launched a new minimally invasive pedicle screw system, i.e., ‘Golden Isles’ minimally invasive screw, a percutaneous system that increases visualization and procedural flexibility for surgeons and results in minimal soft tissue disruption. Similarly, in June 2023, IMPLANET, a medical device technology specialized in orthopedic surgery, launched a minimally invasive pedicle screw positioning system. The product was a result of its partner Sanyou Medical. The companies in the market are also involved in expanding their pedicle screw business. For instance, in September 2021, Biedermann Motech developed the world’s first polyaxial pedicle screw (MOSS System) and declared that its most advanced system, the MOSS VRS pedicle screw platform, was fully modular. Similarly, in September 2021, Medtronic plc. declared its latest additions of its spine products i.e. Catalyft PL and PL40, The Space-D Access System, Accelerate Graft Delivery System with Grafton DBF to its minimally invasive spine surgery ecosystem. With this the company becomes a combination of navigation, biologics, spinal implants, robotics, and AI-powered data company to patients and surgeons. With respect to the strategic collaborations in the market, in September 2022, Omnia Medical and SpineGuard declared a strategic alliance for adult spine surgery in the United States. The partnership includes involvement of two novel devices i.e. a smart pedicle screw system and a smart drilling tool for sacroiliac joint fusion, both inserting the DSG (Dynamic Surgical Guidance) technology. The partnership also represents a strong mutual commitment providing advantages to surgeons and healthcare providers in the medical device industry.
The growth of the Middle East & Africa pedicle screw market is majorly attributed to the increasing geriatric population, growing overall healthcare expenditure, surging cases of bone diseases, elevating demand for spinal procedures, and improved healthcare facilities. Pedicle screws are projected to be in high demand due to the increasing incidence of various spinal and orthopedic ailments. These screws are more advanced than traditional rod and hook structures, and rapid growth in lifestyle-related spinal problems is further adding to their popularity in the Middle East & Africa. Saudi Arabia is one of the important Middle Eastern countries with significant scope for the pedicle screw market owing to the advanced healthcare system in the country. The cases of spinal fractures and dislocations due to trauma are steadily increasing in the country. According to research published by the National Library of Medicine (NLM), Saudi Arabia records ~80% of the total spinal injuries. As per the Ministerial Committee of Traffic Safety, ~24,000 injuries were registered due to car accidents in 2022. The increase in road accidents leading to an upsurge in the cases of spinal fractures, sprains, and ligament damage propel the growth of the pedicle screw market in this country.
The Middle East & Africa pedicle screws market is segmented based on product type, application, end user, surgery type, and country.
Based on product type, the Middle East & Africa pedicle screws market is segmented into polyaxial pedicle screw systems, monoaxial pedicle screw systems, and other pedicle screw systems. The polyaxial pedicle screw systems segment held the largest market share in 2022.
Based on application, the Middle East & Africa pedicle screws market is segmented into thoracolumbar fracture, spinal tumor, scoliosis, failed fusion, and spondylitis. The thoracolumbar fracture segment held the largest market share in 2022.
Based on surgery type, the Middle East & Africa pedicle screws market is bifurcated into open surgery and minimally invasive surgery. The open surgery segment held a larger market share in 2022.
Based on end user, the Middle East & Africa pedicle screws market is segmented into hospitals, ambulatory surgical centers, and other end users. The hospitals segment held the largest market share in 2022.
Based on country, the Middle East & Africa pedicle screws market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa pedicle screws market share in 2022.
Zimmer Biomet; Globus Medical Inc.; B. Braun SE; Stryker Corp; and Medtronic PLC are some of the leading players operating in the Middle East & Africa pedicle screws market.
Strategic insights for the Middle East & Africa Pedicle Screws provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 52.67 Million |
| Market Size by 2030 | US$ 72.91 Million |
| Global CAGR (2022 - 2030) | 4.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Pedicle Screws refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Middle East & Africa Pedicle Screws Market is valued at US$ 52.67 Million in 2022, it is projected to reach US$ 72.91 Million by 2030.
As per our report Middle East & Africa Pedicle Screws Market, the market size is valued at US$ 52.67 Million in 2022, projecting it to reach US$ 72.91 Million by 2030. This translates to a CAGR of approximately 4.0% during the forecast period.
The Middle East & Africa Pedicle Screws Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Pedicle Screws Market report:
The Middle East & Africa Pedicle Screws Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Pedicle Screws Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Pedicle Screws Market value chain can benefit from the information contained in a comprehensive market report.
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