The size of the sports medicine market in the Middle East & Africa was worth USD 0.39 billion in 2022 and is estimated to be growing at a CAGR of 8.311%, reaching USD 0.58 billion by 2027.
The MEA sports medicine market is concerned with the treatment, fitness, and prevention of all types of injuries related to exercise and sport. Sports medicine health professionals in the MEA region focus on receiving special training to treat athletics to restore injured athletic function with better and quicker results. The increasing incidence of sports injuries, high demand for minimally invasive procedures, growing physical activities to improve health, and high influx of new products and treatment modalities are the main drivers of the demand for the MEA sports medicine market.
New product launches related to sports medicine and recent healthcare reforms are also projected to drive market growth during the forecast period. For instance, in the United Arab Emirates (UAE), the Dubai Health Authority (DHA) announced the mandatory rule for all Dubai residents to be covered by health insurance. There is a growing focus on establishing excellent sports medicine and rehabilitation centers across the MEA region, like the DHA 2022 health strategy. Many Middle Eastern regions like Qatar, Saudi Arabia, and the UAE spend more money on healthcare for better services. The UAE will have the highest projected compound annual growth rate for public and private health expenditure in the GCC of 9.65% by the end of 2022.
However, the high cost of drugs and reconstructive devices coupled with the risk associated with implant devices are projected to hamper the growth of the MEA sports medicine market during the forecasted period.
This research report on the MEA sports medicine market has been segmented and sub-segmented into the following categories:
Regionally, the MEA market has a lot to offer in terms of potential because of its untapped markets. Sports Medicine is a universal requirement panning from low, medium, to high-income countries.
During the forecast period, the Middle East region is predicted to be dominating the MEA market, and the trend continues throughout the forecast period. The increase in the disposable income of the people, economic, medical prices, and increasing participation of the population in sports and physical activity in GCC countries is likely to increase the demand for sports medicine. For instance, by focusing on providing affordable quality health services and raising the overall standard of health infrastructure, the UAE has become the premier destination for sports injury treatment and rehabilitation. In addition, the government of the United Arab Emirates, the Ministry of Health, and the respective UAE health authorities are boosting medical tourism to attract more investment, thus helping the growth of the sports medicine market in the UAE.
Developing economies such as Qatar and Saudi Arabia are projected to have a large consumer base in the coming years, opening the door for growth opportunities in sports medicine during the forecast period. The growth can be attributed to supportive government initiatives, encouraging physical activities, and growing demand for better healthcare services; with the increase in sports activities, the incidence rate of accidents and visits to hospitals for the treatment of these injuries increases, which subsequently leads to the demand for sports medicine. Hence, it is projected to accelerate the market growth in this region.
South Africa is projected to grow at a substantial growth rate during the forecast period, as countries in the Middle East and Africa increase health spending and focus on technological advancements, aiming to increase various types of applications for more and more cases of sports injuries.
KEY MARKET PLAYERS:
A few of the prominent companies operating in the Middle East and Africa Sports Medicine Market profiled in this report are Smith & Nephew PLC., Arthrex, Inc., Össur hf, Stryker Corporation, Conmed Corporation, Zimmer Biomet Holdings, Inc., Breg, Inc., Mueller Sports Medicine, Inc., Tornier, Inc., Skins International Trading AG, Wright Medical Technology, Inc., DePuy Mitek, Inc., 3M Company Ace Brand, OttoBock Healthcare GmbH and DJO Global, Inc.
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