Saudi Arabia Foot & Ankle Devices Market, By Product Type (Joint Implants, Fixation Devices, Soft Tissue Orthopedic Devices, Bracing & Support Devices, Prostheses), By Procedure (Osteotomy, Fracture Repair, Fusion Procedures, Others), By Application (Trauma & Hair line Fractures, Rheumatoid Arthritis & Osteoarthritis, Diabetic Foot Diseases, Ligament Injuries, Others), By End User (Hospitals, Ambulatory Surgery Centers, Orthopedic Clinics, Rehabilitation Centers), By Region, Competition Forecast & Opportunities, 2027
Saudi Arabia foot & ankle devices market is projected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the technological advancements in medical devices and the rising demand for advanced medical devices to support the limbs. Besides, a surge in road accidents, sports injuries, and diabetes rates is anticipated to boost the market growth. Additionally, the easy availability of medical devices and a growing number of sports activities in the country are contributing to the growth of the Saudi Arabia foot & ankle devices market.
Osteoporosis, bone fractures, diabetes mellitus, and other bone illnesses are mostly to blame for the country's population's poor bone health. Additionally, the elderly population of the nation is particularly vulnerable to osteoporosis and other bone ailments. Thus, the rising geriatric population in the country and increasing incidences of chronic disorders leading to bone and joint problems are supporting the market growth.
Osteoporosis is a systemic, chronic metabolic illness of the skeleton marked by a loss of bone mineral density and worsening bone microstructure, which increases the risk of bone fractures. Artificial implants that support fractures either temporarily or permanently are expected to aid market growth in the coming years.
The Saudi Arabia foot & ankle devices market is segmented on the basis of product type, procedure, application, end user, competitional landscape, and regional distribution. Based on product type, the market is divided into joint implants, fixation devices, soft tissue orthopedic devices, bracing & support devices, and prostheses. The joint implants segment is anticipated to hold the largest share in the Saudi Arabia foot & ankle devices market, owing to the increasing geriatric population and rising incidences of accidental falls, among the adults.
Market players operating in the Saudi Arabia foot & ankle devices market are Johnson & Johnson, Stryker Corporation Saudi Arabia, Zimmer Biomet Saudi Arabia, Arthrex Saudi Arabia, CONMED Corporation Saudi Arabia, Orthofix Medical Saudi Arabia, Ottobock Saudi Arabia, among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
- To analyze the historical growth in the market size of the Saudi Arabia foot & ankle devices market from 2017 to 2021.
- To estimate and forecast the market size of Saudi Arabia foot & ankle devices market from 2022E to 2027F and growth rate until 2027F.
- To classify and forecast the Saudi Arabia foot & ankle devices market based on product type, procedure, application, end user, region, and company.
- To identify the dominant region or segment in the Saudi Arabia foot & ankle devices market.
- To identify drivers and challenges for the Saudi Arabia foot & ankle devices market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabia foot & ankle devices market.
- To identify and analyze the profiles of leading players operating in the Saudi Arabia foot & ankle devices market.
- To identify key sustainable strategies adopted by market players in Saudi Arabia foot & ankle devices market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the Saudi Arabia foot & ankle devices market using a bottom up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia foot & ankle devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Saudi Arabia Foot & Ankle Devices Market, By Product Type:
- Joint Implants
- Fixation Devices
- Soft Tissue Orthopedic Devices
- Bracing & Support Devices
- Prostheses
- Saudi Arabia Foot & Ankle Devices Market, By Procedure:
- Osteotomy
- Fracture Repair
- Fusion Procedures
- Others
- Saudi Arabia Foot & Ankle Devices Market, By Application:
- Trauma & Hair line Fractures
- Rheumatoid Arthritis & Osteoarthritis
- Diabetic Foot Diseases
- Ligament Injuries
- Others
- Saudi Arabia Foot & Ankle Devices Market, By End User:
- Hospitals
- Ambulatory Surgery Centers
- Orthopedic Clinics
- Rehabilitation Centers
- Saudi Arabia Foot & Ankle Devices Market, By Region:
- Northern & Central Region
- Eastern Region
- Western Region
- Southern Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia foot & ankle devices market.
Company Information
- Detailed analysis and profiling of additional market players (up to five).
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