Market Trends of Saudi Arabia Spinal Surgery Devices Industry
This section covers the major market trends shaping the Saudi Arabia Spinal Surgery Devices Market according to our research experts:
Cervical Fusion Segment is Expected to Dominate the Market Over the Forecast Period
Cervical fusion is one of the common types performed during spinal fusion procedures. Spinal fusion is surgery to permanently connect two or more vertebrae in the spine, and eliminate motion between them. The growth of the cervical fusion segment is mainly attributed to the increasing adoption of minimally invasive surgeries, the rising obese population, and the increase in road accidents in Saudi Arabia.
For instance, according to the Ministry of Health, Kingdom of Saudi Arabia, Statistics and Indicators, the total road accidents in 2020 reported were 25,561. During these accidents majorly spine deformities can be observed which can be resolved through spinal fusion surgeries like cervical fusion. Hence, the demand for spinal surgery devices is expected to raise during the study period through this segment.
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.
Hence, the market studied is likely to be impact by the aforementioned factors over the forecast period.
