Middle East and Africa Orthotic Devices Market is expected to reach US$ 500 million by 2023

Pune, India, May, 2017 /MRFR Press Release/- Market research future has a half cooked research report on Middle East and Africa Orthotic Devices Market. The Middle East and Africa Orthotic devices market is growing continuously and expected to grow at a CAGR of 7.4% from 2016 to 2023.

Market Highlights

The Middle East and Africa Orthotic Devices Market has been evaluated as moderately growing market and it is expected that the market will continue to grow similarly in the near future. 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. Support, braces or splints which are to prevent, support, align or to correct the functioning of joints. Orthotic braces and support devices are used for shoulder, neck, elbow, wrist and spine. Knee and ankle devices are most widely used in this region.

Further according to the report, changes in lifestyle pattern of people and increase in lifestyle diseases like diabetes and obesity leading to inflammation of joints are driving the growth of this market. In ME & A, Saudi Arabia is a leading market of orthotic devices.

Middle East and Africa Orthotic Devices Market was about US$ 350 million in 2015 and is expected to reach US$ 500 million by 2023 at a CAGR of 7.4%.

Middle East and Africa Orthotic devices Market Players:

Some of the major Key Players of the Orthotic Devices market includes: 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).

Regional Analysis

In Middle East, Saudi Arabia and United Arab Emirates are key regions for orthotic devices market. Saudi Arabia is the largest market for Orthotic devices. United Arab Emirates is second largest market after Saudi Arabia. These two regions are leading in medical devices market which involves orthotic devices, cardio-vascular devices and radiological devices. There is an increasing demand of these devices in Middle East due to increase in lifestyle diseases like obesity and diabetes. Africa shows slow growth in this market.

 
Middle East and Africa Orthotic Devices Market, By Type, 2016 (%)

Orthotic Devices Market has been segmented on the basis of two main type which comprise orthopedic braces and orthotic splints. Orthopedic braces and support includes upper extremity braces (shoulder, wrist, neck, elbow and spine) & support and lower extremity braces & support (knee, ankle and hip). Orthotic splints include upper extremity splints and lower extremity splints. On the basis of end users the market consists of sports, medical use and others. On the basis of application it consists of injury, chronic diseases, pediatrics and others.

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