Orthopedic implants, including joint replacements and fracture fixation devices, find applications in orthopedic surgeries. They provide essential features such as restoring mobility, stabilizing fractures, and alleviating pain. These implants are used to treat conditions such as osteoarthritis, fractures, and sports injuries and by mimicking the functions of natural joints and bones, they enable patients to regain functionality and enhance their quality of life. Orthopedic implants are indispensable tools in modern medicine, facilitating orthopedic procedures that improve patients' physical well-being and overall health.
According to Data Bridge Market Research, the MENA and GCC Orthopedic Implants (Including Dental Implants) Market accounted for USD 689.67 million in 2022 and is expected to reach USD 973.31 million by 2030. The market is expected to grow with a CAGR of 4.4% in the forecast period of 2023 to 2030.
“Rising demand among the geriatric population boosts the market’s growth”
The orthopedic implants market is experiencing substantial growth due to the rising demand among the geriatric population. With the elderly more prone to orthopedic conditions such as joint degeneration and fractures, there's an increasing need for orthopedic implants such as joint replacements and fixation devices. These implants restore mobility and enhance the quality of life for seniors. As the aging demographic expands globally, the market for orthopedic implants is set to grow, driven by the imperative to address age-related orthopedic issues and maintain an active lifestyle.
What restraints the growth of the MENA and GCC orthopedic implants (including dental implants) market?
“High costs associated with orthopedic and dental implants restraints the market’s growth”
The orthopedic implants market faces growth constraints primarily due to the high costs associated with orthopedic and dental implants. The expense of these implants can be a significant barrier, limiting access for patients, particularly in regions with limited healthcare coverage. Many individuals may not afford these procedures, leading to delayed or avoided treatment.
Segmentation: MENA and GCC Orthopedic Implants (Including Dental Implants) Market
The MENA and GCC orthopedic implants (including dental implants) market is segmented on the basis of products, devices type, biomaterial, procedures, end user, and ownership.
- On the basis of products, the orthopedic implants (including dental implants) market is segmented into reconstructive joint replacements, spinal implants, trauma and craniomaxillofacial implants, dental implants, orthobiologics.
- On the basis of devices type, the orthopedic implants (including dental implants) market is segmented into internal fixation devices and external fixation devices.
- On the basis of biomaterial, the orthopedic implants (including dental implants) market is segmented into metallic biomaterials, polymeric biomaterials, ceramic biomaterials, natural biomaterials, and others.
- On the basis of procedures, the orthopedic implants (including dental implants) market is segmented into open surgery and minimally invasive surgery (MIS).
- On the basis of end user, the orthopedic implants (including dental implants) market is segmented into hospitals, ambulatory care center, specialized clinics, orthopedic centers and others.
- On the basis of ownership, the orthopedic implants (including dental implants) market is segmented into government and private.
Regional Insights: Saudi Arabia dominates the MENA and GCC Orthopedic Implants (Including Dental Implants) Market
Saudi Arabia dominates the orthopedic implants (including dental implants) market due to improved healthcare facilities, the presence of major industry players, advanced healthcare infrastructure, and a substantial population in need of surgeries and injury treatment. These factors combine to create a conducive environment for market growth, with increased demand for orthopedic implants and related healthcare services.
U.A.E. is expected to witness significant growth during the forecast period of 2023 to 2030 due to government initiatives promoting healthcare, heightened awareness among the population about implants and surgeries, a growing demand for advanced medical technology, a substantial population pool, and an increasing quest for high-quality healthcare services. These elements collectively foster market expansion, reflecting the region's evolving healthcare landscape.
Recent Developments
- In December 2021, DePuy Synthes, a subsidiary of Johnson & Johnson, has completed the acquisition of Israeli firm OrthoSpin, Ltd. OrthoSpin specializes in pioneering an automated strut system, designed to work alongside DePuy Synthes' MAXFRAME Multi-Axial Correction System – an external ring fixation system. This strategic move bolsters the company's commitment to innovation, particularly in advancing its innovation center and expanding its capabilities in orthopedic solutions.
- In December 2020, Zimmer Biomet successfully acquired A&E Medical, inclusive of its comprehensive portfolio of sternal closure devices. This strategic acquisition has significantly expanded Zimmer Biomet's orthopedic implants portfolio, resulting in heightened demand and sales for its products within the market. This substantial addition is poised to drive the company's future revenue growth as it strengthens its position in the industry.
- In January 2021, Smith & Nephew plc. announced the acquisition of Integra LifeSciences Holdings Corporation's extremity orthopedics business. This strategic move has led to a significant expansion of Smith & Nephew's product portfolio.
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The Prominent Key Players Operating in the MENA and GCC Orthopedic Implants (Including Dental Implants) Market Include:
- Depuy Synthes (A subsidiary of JnJ) Inc. (U.S.)
- Zimmer Biomet (U.S.)
- Smith & Nephew plc (U.K)
- Medtronic (Ireland)
- Stryker (U.S.)
- B. Braun Melsungen AG (Germany)
- Changzhou Waston Medical Appliance Co., Ltd. (China)
- Integra LifeSciences (U.S.)
- Narang Medical Limited (India)
- W. L. Gore & Associates, Inc. (U.S.)
- 3M (U.S.)
- Arthrex, Inc. (U.S.)
- GE HEALTHCARE (U.S.)
- DJO, LLC (A subsidiary of Colfax Corporation) (China)
- curex (U.S.)
- Samay Surgical (India)
- Dongguan Traumed Technology Co., Ltd. (China)
- Abou Hamela Group (Egypt)
Above are the key players covered in the report, to know about more and exhaustive list of MENA and GCC orthopedic implants (including dental implants) market companies contact, https://www.databridgemarketresearch.com/jp/contact
Research Methodology: MENA and GCC Orthopedic Implants (Including Dental Implants) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, MENA and GCC vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
