The OTC Orthopedic Braces Market size in the Middle East & Africa was valued at 104.50 Million in 2022, growing at a CAGR of 4.5%, to reach USD 130.23 million by 2027.
Orthopedic braces, also called orthopedic splints, provide protection, stabilization, support, and rectification of injuries or unusual alignment by rehabilitation and recovery. They are used for various purposes like injury rehabilitation, prevention, and more. The braces are also made to take the place of muscles if there is less strength in them. They correct the structural anomalies and assist in detecting cerebral palsy, spina bifida, and treating the symptoms of a stroke. The market is showcasing significant growth potential in the mentioned period and is also expected to grow in the future years due to the medical sector developments.
The rising geriatric population, increasing popularity and awareness regarding orthopedic braces and developing research activities in the medical sector drive the growth of this market. Also, a growing number of bone-degenerative ailments and stabilization of the economy over the previous years are the factors that fuel the growth of the Middle-East and Africa OTC Orthopedic Braces market.
However, the risk patients' preference of alternative treatment methods, uncertain reimbursements, below-average efficiency of orthopedic braces, and lack of customization for OTC orthopedic braces are the major factors hampering the Middle-East and Africa OTC orthopedic braces market.
This research report on the Middle East and Africa OTC Orthopedic Braces Market has been segmented and sub-segmented into the following categories.
Geographically, this region is filled with many countries in the developing stage and are undergoing a lot of medical technology advancement. Thus, the market has substantial growth potential during the mentioned forecast period.
Noteworthy companies leading the MEA OTC Orthopedic Braces Market are DJO Finance LLC, DeRoyal Industries Inc., Breg, Inc., Bauerfeind AG, BSN Medical, Otto Bock HealthCare, Medi GmbH & Co. KG, Thuasne Group, and 3M Company.
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