The size of the Middle East & Africa Orthopedic Devices Market was valued at USD 3.21 billion in 2023. This value is expected to grow at a CAGR of 4.59% and be worth USD 4.01 billion by 2028.
Increased incidence of orthopedic injuries or disorders such as osteoarthritis, osteoporosis, traumatic fractures, and rheumatoid arthritis are a few of the significant factors driving the orthopedic devices market in MEA. Aside from that, the market is being driven by the significant expansion in the aging population. Orthopedic device advancements and design and efficiency improvements have benefited the market's use and convenience. Due to substantial research and development in the equipment used for hip, spinal, and knee replacement, patient-specific, personalized implants, and 3D printed implants have been released to the market. In business operations, novel automation technologies combined with robotics are being introduced, further assisting in delivering high-quality products.
Furthermore, robotics in orthopedic surgery is less intrusive and provides excellent precision, allowing for shorter hospital stays and faster recovery. Surgical procedures are being improved by technological advancements, enhancing the outcomes. Motion preservation techniques and tissue-guided surgeries are among the improvements. Furthermore, recent advances in orthobiologics and stem cell-based techniques have demonstrated quicker recovery times. Drug-eluting bone grafts, which could be utilized to treat orthopedic surgery infections, are another advancement in the field. Orthobiologics have been shown in clinical investigations to speed up the healing process. In the future, improvements in these devices are expected to increase their demand in surgical procedures, boosting the MEA orthopedic devices market demand over the forecast period.
However, the high cost of procedures requiring orthopedic implants therapy and stringent government policies are a few of the factors impeding the MEA orthopedic devices market's growth.
This research report on the MEA orthopedic devices market has been segmented and sub-segmented into the following categories.
By Anatomical Location:
By Type Of Consumable:
Based on the region, significant markets are UAE, Israel, and Nigeria. Trade-in medical devices and equipment is vital to the region's growth, with all markets reliant on imports. The Middle East and Africa orthopedic surgical energy devices market is expected to develop due to an increase in the number of orthopedic procedures, advancements in orthopedic surgical devices, and the incidence of sports and trauma injuries. In addition, as people become more aware of the availability of innovative products, hospitals are being pushed to improve their devices and services regularly.
Furthermore, payment coverage for orthopedic therapies has aided in accepting orthopedic procedures. These factors enable users to choose complex and high-priced devices, increasing total income. In addition, improved orthopedic devices have resulted in significant price reductions for previous models. This aids in their acceptance in developing nations such as the Middle East, where medical reimbursement is limited or non-existent. In the near future, the cumulative effect of these actions is projected to result in increased procedure volume and market growth. The largest market for orthotic devices in Saudi Arabia. This is related to an increase in diabetic patients, obesity, and lifestyle changes. The United Arab Emirates is the second-largest market for orthotic devices.
In this market, Africa is growing slowly. However, during the forecast period, the orthopedic devices market is predicted to rise due to increased acceptance of minimally invasive operations and an increase in sports and traffic accidents. Arthroscopy, minimally invasive complete joint replacement, and spine surgery are just a few of the minimally invasive procedures that have recently become popular.
KEY MARKET PLAYERS:
A few significant participants in the MEA orthopedic devices market profiled in this report are Medtronic, Stryker, Zimmer Inc., DePuy, Synthes, Smith & Nephew, and Biomet.
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