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The Orthotic Devices market in the Middle East and Africa is witnessing a boom, propelled by the increasing older populace within the region. With an upward push in age-associated conditions, which includes osteoarthritis and musculoskeletal problems, there may be a developing demand for Orthotic Devices that provide help and alleviate symptoms. The market is prompted by means of the superiority of continual illnesses, including diabetes and obesity, contributing to situations such as neuropathy and joint troubles. Orthotic Devices designed to address headaches associated with persistent illnesses are experiencing extended adoption as part of complete remedy plans. Continuous improvements in orthotic technologies are shaping market trends. Innovations in materials, design, and production techniques are resulting in extra relaxing, long-lasting, and personalized Orthotic Devices.
There is a sizeable trend in the direction of using Orthotic Devices in sports activities and fitness. Athletes and health enthusiasts are increasingly recognizing the blessings of orthotics in preventing injuries, improving performance, and providing help throughout physical sports, riding the demand for sports-precise orthotic solutions. The market is witnessing a boom in the prevalence of neurological disorders that affect mobility and gait. Orthotic Devices, mainly the ones designed for neurorehabilitation, have become integral inside the control of conditions along with stroke, spinal cord injuries, and a couple of sclerosis. Pediatric orthotics are gaining prominence within the market, driven by the need for early intervention in youth developmental problems.
The adoption of telehealth services is influencing market dynamics. Telehealth allows for far-off consultations, tracking, and modifications of Orthotic Devices, improving access to orthopedic care, in particular for patients in remote regions or people with mobility challenges. The market is experiencing an upward push in e-trade for Orthotic Device sales. Online platforms provide convenience and a huge range of orthotic products, permitting clients to get admission to and purchase devices without the need for considerable in-character visits, contributing to market accessibility. Collaborations and partnerships among Orthotic Device producers, healthcare institutions, and studies agencies are driving innovation in the market. These collaborations aim to decorate product development, research competencies, and the overall great of orthotic solutions to be had in the Middle East and Africa. Despite superb developments, challenges associated with getting entry to and affordability of Orthotic Devices persist.
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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