As per the research report, the MEA Foot and Ankle Devices market size is valued at USD 0.57 Billion in 2022 and is expected to reach USD 0.82 Billion by 2027, growing at a CAGR of 7.46% during the forecast period from 2022 to 2027.
The MEA Foot and ankle devices are used to restore foot & ankle and treat various ailments such as diabetic foot, hammertoes, and arthritis. The senior aging population and the increasing occurrence rate of joint issues like fractures, foot ulcers, arthritis, & bunion are driving the growth of the MEA foot and ankle devices market.
One of the crucial factors driving the growth of the MEA foot and ankle devices market is the growing occurrence of sports-related injuries, the increasing incidence of diabetes and foot-related ailments, and technological advancements. Furthermore, the growing senior population in MEA signals a substantial opportunity for foot and ankle devices, as aging reduces bone strength and increases the risk of fracture.
Diabetes is a common cause for foot and ankle devices due to the large senior population in terms of the cause of damage.
The high occurrence of injuries and the large aging population are vital contributors to the market in the MEA region.
However, high device costs & reimbursements, a medical device excise tax, and a shortage of experienced workers to handle foot and ankle equipment limit the market expansion. Nevertheless, according to the product, the demand for joint implants is increasing as people live longer and want to keep active.
This research report on the MEA Foot and Ankle Devices Market has been segmented and sub-segmented into the following categories.
By Cause Of Injury:
Geographically, the MEA Foot and Ankle Devices Market holds a moderate share globally in terms of revenue due to the high rate of unintentional injuries and the aging population. In addition, the government has built multiple trauma centers that specialize in dealing with crises.
The UAE Foot and Ankle Devices Market is projected to lead the way in terms of growth in the future years. The market expansion in this area is likely to be aided by the growing senior population in UAE as well as road accidents and emerging economies.
The Saudi Arabia Foot and Ankle Devices Market is expected to grow significantly due to the increasing occurrence of road accidents and the rising incidence of diabetes and osteoporosis in this region, which has necessitated the development of an effective healthcare system and trauma equipment.
The South African Foot and Ankle Devices Market is also projected to strengthen the regional market over the projection period. Regionally After hip and knee replacement procedures, ankle replacement surgeries are the region's second most prevalent replacement surgeries.
KEY MARKET PLAYERS
Key Market Participants dominating the MEA Foot and Ankle Devices Market profiled in the report are Stryker Corporation, Arthrex, Inc., Smith & Nephew plc, Tornier N.V., Össur, Acumed, and Extremity Medical, LLC, Wright Medical Technology, Inc., Zimmer Biomet Holdings, Inc., Integra LifeSciences Holdings Corporation.,
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