UAE Spinal Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

UAE Spinal Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The UAE Spinal Surgery Devices Market is expected to register a CAGR of 5.8% during the forecast period.

Due to the COVID-19 outbreak, there had been severe disruptions to the UAE economy, including major companies in the spinal surgery devices market. However, the COVID-19 pandemic has harmed the UAE spinal surgery devices market, owing to the increased stress of patients infected with COVID-19 infection in Hospitals. For instance, according to an article published by the National Center for Biotechnology Information, in August 2020, hospitals experienced rapid overcrowding by COVID-19 patients, and many spinal surgeons were called upon to care for Covid-19 patients. Coinciding with this significant shift in the clinical role leads to cancellations of elective surgery cases and the postponement of interventional spinal procedures and surgeries. Reasons for such cancellations are mainly due to: to decrease patient and provider exposure to COVID-19, and to conserve personal protective equipment and other valuable resources. In August 2021, as per the national library of medicine survey, about 90% of the participants noticed a reduction in the number of degenerative spinal disease patients in outpatient clinics. The study also noticed that around 50% of the surgeons who developed SARS-CoV2 canceled all elective and semi-elective procedures. 36% of the surgeons postponed decompression surgery or lumbar disc with minor symptoms. Thus, COVID has a significant impact on market growth.

The market growth can be attributed to the growing incidences of spinal cord injuries (SCIs) across the country. Compression of the spinal cord or injury causes damage from the outside of the cord. This compression is mainly due to either spinal degeneration, bone fracture, or abnormalities, such as a hematoma or herniated disk. For instance, in September 2021, as per the World Health Organisation, a significant number of spinal cord injuries in the UAE are not due to traumatic causes, such as car accidents, according to experts. Every year, somewhere between 250,000 and 500,000 people suffer an injury to their spinal cord. While the same source stated that approximately 12,500 new spinal cord injuries occur each year.Thus, increasing spinal cord deformities cases are driving the growth of the market.

Thus, the aforementioned factors are driving the growth of the market. However, expensive treatment costs and stringent regulatory processes for device approval have been restraining the growth of this market.

Key Market TrendsThoracoLumbar Fusion Segment is Expected to Register High CAGR Over the Forecast Period in the UAE Spinal Surgery Devices Market

ThoracoLumbar Fusion segment is driving due to the rise in usage by surgeons to decompress and stabilize the thoracic and lower back and utilization within interbody spaces or onto the spine to facilitate stabilization. ThoracoLumbar fusion is a complex operation and requires the use of screws that are placed between the vertebrae to be fused. Then the bone graft is placed around these screws. The screws that are used during this operation are made of titanium and are usually placed for a lifetime.

ThoracoLumber fusion provides a conventional yet effective treatment option for patients suffering from lumbar spinal stenosis and advanced alternative treatment for decompression spine surgery. The major players in this field manufacture both, anterior and posterior dynamic stabilization devices for the lumbar spine, and several clinical trials for new products are in process, which is likely to drive growth in the coming future. Moreover, the number of geriatric population is expected to increase in coming years who are more prone to disorders such as obesity, back pain, and other spinal-related disorders which ultimately rises the growth of the market in near future. According to the Report of the Sheikh Saud bin Saqr Al Qasimi Foundation on Population Projections for UAE 2020-2050, In 2020, only 1.6 people older than 65 while by 2050 however, this number will increase to 18.5, a twelve-fold increase. Thus increasing geriatric population across the UAE is generating demand for spinal surgery as geriatric population is more prone to chronic disorders which is fueling the market growth.

Competitive Landscape

The UAE spinal surgery devices market is moderately competitive and consists of several major players. Moreover, with increasing technological advancements and product innovations, mid-size to smaller companies are growing their market presence by introducing new technologies with better usability. The key players operating in the market are Medtronic Meta FZ-LLC, Stryker ESCS BV, Johnson & Johnson UAE, Karl Storz UAE, Fujifilm Middle East FZE, Edge Medical, EMA-LED GmbH, Matrix Meditec, Al Shirawi Group, B. Braun SE and NuVasive, Inc.

Additional Benefits:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.


1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 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 Cases of Spinal Injuries
4.2.2 Technological Advances in Spinal Surgery
4.3 Market Restraints
4.3.1 Stringent Regulatory Process for New Product Approval
4.4 Porter's Five Force 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 (Market Size by Value - USD million)
5.1 By Device Type
5.1.1 Spinal Decompression
5.1.1.1 Corpectomy
5.1.1.2 Discectomy
5.1.1.3 Laminotomy
5.1.1.4 Foraminotomy
5.1.1.5 Facetectomy
5.1.2 Spinal Fusion
5.1.2.1 Cervical Fusion
5.1.2.2 ThoracoLumbar Fusion
5.1.2.3 Interbody Fusion
5.1.2.4 Other Spinal Fusions
5.1.3 Fracture Repair Devices
5.1.4 Arthroplasty Devices
5.1.5 Non-fusion Devices
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Medtronic Meta FZ-LLC
6.1.2 Stryker ESCS BV
6.1.3 Johnson & Johnson UAE
6.1.4 Karl Storz UAE
6.1.5 Fujifilm Middle East FZE
6.1.6 Edge Medical
6.1.7 EMA-LED GmbH
6.1.8 Matrix Meditec
6.1.9 Al Shirawi Group
6.1.10 B. Braun SE
6.1.11 NuVasive, Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings