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The market dynamics of Orthotic Devices in the Middle East and Africa (MEA) vicinity are trended by means of elements such as the growing prevalence of musculoskeletal disorders, an getting older populace, technological improvements in orthotics, healthcare infrastructure improvement, and multiplied cognizance about the advantages of orthotic interventions. Orthotic devices, designed to guide, align, and improve the function of the musculoskeletal system, play an important role in addressing various orthopedic conditions. The MEA Orthotic Devices market is pushed by the growing incidence of musculoskeletal problems, which include arthritis, lower back pain, and joint accidents. As the region's demographic adjustments and sedentary lifestyles emerge as more commonplace, the demand for orthotic answers to manage and alleviate musculoskeletal conditions rises. The market dynamics are notably influenced by the growing older population in MEA. With increasingly more aged people, there may be a higher occurrence of age-associated orthopedic issues consisting of osteoarthritis and degenerative joint diseases.
Ongoing healthcare infrastructure development in MEA is a key element influencing market dynamics. Improved admission to healthcare centers, rehabilitation facilities, and specialized orthopedic clinics contributes to the improved usage of Orthotic Devices. The availability of these devices in several healthcare settings drives a market boom. The superiority of orthopedic surgical procedures in the region impacts the market dynamics. Orthotic Devices play a critical function in postoperative rehabilitation, helping with the restoration and mobility of patients. The demand for orthotics is closely linked to the growing variety of orthopedic processes and the following need for supportive gadgets. The market is influenced by a growing recognition of sports activity accidents and the promotion of active existence. Athletes and individuals accomplishing physical sports regularly require orthotic answers to prevent, control, or rehabilitate accidents.
Economic factors, which include healthcare budgets and affected person affordability, play a role in market dynamics. The availability of inexpensive orthotic solutions is crucial, especially in regions with various financial abilities. Manufacturers shouldn't forget pricing techniques to ensure accessibility without compromising on quality. The market is shaped with the aid of the demand for custom-designed and personalized orthotic solutions. Advancements in the era, which include 3D scanning and printing, allow for the advent of orthotics tailor-made to character anatomies and conditions. The trend in the direction of customized healthcare contributes to the boom of the Orthotic Devices market. Educational tasks and attention programs play an important role in influencing market dynamics. Patients, healthcare specialists, and the public need to be knowledgeable about the benefits of orthotic interventions and the conditions they could deal with.
Orthotic Devices Market Highlights:
Middle East And Africa Orthotic Devices Market Overview
Middle East and Africa Orthotic Devices Market Size was valued at USD 0.5 Billion in 2023. The Global Middle East and Africa Orthotic Devices industry is projected to grow from USD 0.6 Billion in 2024 to USD 3.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.30% during the forecast period (2024 - 2032). Support, braces or splints which are to prevent, support, align or to correct the functioning of movable parts of the body like knee, shoulder, wrist, neck, etc. are known as orthotic. These devices are used to change the structural features of neuromuscular and skeletal system. These devices help to improve the functioning of injured body parts. The main function of these devices is to support the back, joints, limbs and muscles and help them to regain their functionality again so the one can carry out day to day activities smoothly.
Orthotic devices are mainly use to overcome traumatic injuries and restore the body parts. These devices help to relieve inflammation of joints and speed up healing of damaged body parts. Individuals with muscular dystrophy, spinal bifida and scoliosis and joint injuries need orthotic devices for support and rehabilitation. These devices are sometimes used for implantation in patients requiring amputation of limbs.
The Middle East and Africa Orthotic Devices market is growing steadily because of the rising prevalence of lifestyle diseases like diabetes and obesity, ageing population and other foot injuries. The Middle East and Africa Orthotic Devices market is expected to reach USD 0.5 Billion in 2023 from USD 3.3 Billion in 2032 with a CAGR of approximately 9.30%.
Study Objectives of Orthotic Devices Market:
- To provide detailed analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Middle East and Africa Orthotic Devices market
- To provide insights about factors affecting the Middle East and Africa Orthotic Devices market growth
- To analyze the orthotic devices market based on various factors - price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the Middle East and Africa Orthotic Devices market segments and sub-segments with respect to Middle East & Africa.
- To provide country level analysis of the market with respect to the current Middle East and Africa Orthotic Devices market size and future prospective
- To provide country level analysis of the market for segments by type, by end users and its sub-segments
- To provide overview of key players and their strategic profiling in the Middle East and Africa Orthotic Devices market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the Middle East and Africa Orthotic Devices market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Middle East and Africa Orthotic Devices market.
Middle East and Africa Orthotic Devices Market, by Type, 2016 (%):
According to type, orthotic devices market is segmented as orthopedic braces and support (upper extremity including shoulder, neck, elbow, wrist and spinal and lower extremity including knee, ankle and hip) and orthotic splints (upper extremity splints and lower extremity splints).
Key Players for Orthotic Devices Market:
Some of the Key Players in Middle East and Africa Orthotic Devices market are: Alvimedica (Turkey), Saudi Pharmaceutical Industries & Medical Appliances Corporation (Saudi Arabia), Itamar Medical (Israel), Alshifa Medical Syringes Manufacturing Co. (Saudi Arabia) and Jamjoon Hospital Supply (Saudi Arabia).
Segments:
Middle East and Africa Orthotic Devices market has been segmented on the basis of types comprising of orthopedic braces and support and Orthotic splints; by anatomical area supported, by material used, by application and by end users. In Middle East and Africa, orthotics market is segmented into regions namely Middle East, Africa and rest of Middle East and Africa on the basis of end users which consists of sports, medical use and others.
Regional Analysis of Orthotic Devices Market:
In Middle East, Saudi Arabia and United Arab Emirates are the key regions for orthotic devices market. Saudi Arabia is the largest market for Orthotic devices. The Saudi Arabia market for orthotic devices is expected to grow at a CAGR of 7.0% and is expected to reach at US$ 100 million by the end of the forecasted period. This is due to increasing prevalence of diabetic patients, obesity and change in lifestyle. United Arab Emirates is the second-largest market for Orthotic Devices which is expected to grow at a CAGR of 5.8%. Africa shows slow growth in this market. The report for Middle East and Africa Orthotic Devices market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
Intended Audience
- Orthotic devices manufacturers
- Orthotic devices Suppliers
- Research and Development (R&D) Companies
- Academic Medical Institutes and Universities
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