Saudi Arabia Spinal Surgery Devices Market Size, Status and Forecast 2021- Globus Medical Inc., Johnson & Johnson, Medtronic PLC, NuVasive

The Saudi Arabia Spinal Surgery Devices Market report provides the overall structure and business outlook of the Saudi Arabia and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a Saudi Arabia and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the Saudi Arabia Spinal Surgery Devices Market with its specific geographical regions.

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“The Saudi Arabia Spinal Surgery Devices market is expected to grow at a CAGR of more than 12% during 2020 - 2025.”

Top leading Companies Profiled in Spinal Surgery Devices Market Report are Globus Medical Inc., Johnson & Johnson, Medtronic PLC, NuVasive, Inc., Orthofix Holdings Inc., Styker Corporation, Zimmer Biomet

Latest Update and Developments

October 31, 2021 NuVasive launches new porous implants for posterior spine surgery- NuVasive announced its launch of the Cohere TLIF-O implant and its upcoming launch of the Cohere TLIF-A implant, both additions to the company’s Advanced Materials Science portfolio, according to a press release.

Augmedics Launches First AR Spine Surgery Guidance System- Augmedics, a pioneer in augmented reality surgical image guidance, announced U.S. Food and Drug Administration (FDA) 510(k) clearance and the U.S. launch of its groundbreaking xvision Spine system (XVS), the first AR guidance system to be used in surgery. xvision Spine allows surgeons to visualize the 3D spinal anatomy of a patient during surgery as if they had “x-ray vision,” and to accurately navigate instruments and implants while looking directly at the patient, rather than a remote screen.

Aug. 17, 2021 Accelus Launches Ultra-Low-Profile FlareHawk7™ Expandable Cage Implant and Innovative Instruments to Support Endoscopic, MIS Lumbar Fusion Procedures- Accelus, a privately held medical technology company focused on accelerating the adoption of minimally invasive surgery (MIS) as the standard of care in spine, today announced the launch of FlareHawk7, a multidirectionally expandable lumbar fusion device that is inserted at an ultra-low profile of 7mm to help minimize neural retraction before expanding in both the cranial-caudal and medial-lateral planes to provide sagittal and coronal correction, foraminal height restoration, and the stability to promote fusion.

Market Overview

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.

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.

Segment by Type
Spinal Fusion Devices
Spine System
Others

Segment by Application
Hospitals
Clinics
Others

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Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Spinal Surgery Devices Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Spinal Surgery Devices market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Spinal Surgery Devices market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries Saudi Arabialy for the Spinal Surgery Devices

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In conclusion, the Spinal Surgery Devices market report present the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Spinal Surgery Devices Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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