Middle East & Africa Prosthetics And Orthotics Market Size & Outlook
Middle East & Africa prosthetics and orthotics market, 2017-2030 (US$M)
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MEA prosthetics and orthotics market highlights
- The MEA prosthetics and orthotics market generated a revenue of USD 259.0 million in 2022.
- The market is expected to grow at a CAGR of 3.5% from 2023 to 2030.
- In terms of segment, orthotics was the largest revenue generating type in 2022.
- Prosthetics is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 259.0 million |
| Market revenue in 2030 | USD 342.1 million |
| Growth rate | 3.5% (CAGR from 2022 to 2030) |
| Largest segment | Orthotics |
| Fastest growing segment | Prosthetics |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Orthotics, Prosthetics |
| Key market players worldwide | Ottobock, Ossur, Blatchford, WillowWood, Ultraflex Systems, Steeper Group, Bauerfeind, Aether Biomedical |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.9% of the global prosthetics and orthotics market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,287.8 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Prosthetics And Orthotics Market Scope
Prosthetics And Orthotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa prosthetics and orthotics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to prosthetics and orthotics market will help companies and investors design strategic landscapes.
Orthotics was the largest segment with a revenue share of 85.44% in 2022. Horizon Databook has segmented the Middle East & Africa prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2017 to 2030.
Brazil and Mexico are key countries in Latin America region. Latin America prosthetics and orthotics market is estimated to grow at a CAGR of 4.5% during the forecast period. Rapidly developing economies and healthcare infrastructure in this region are among the major factors expected to propel the growth of Latin America's prosthetics and orthotics market.
In addition, the governments of these countries are constantly focusing on improving the country’s healthcare infrastructure. Some of the barriers for new entrants in the Latin America market are political instability, economic turmoil, and language. Countries in this region also have a unique set of regulatory approval processes, which may act as a challenge for foreign players.
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Target buyers of Middle East & Africa prosthetics and orthotics market databook
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Our clientele includes a mix of prosthetics and orthotics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa prosthetics and orthotics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa prosthetics and orthotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA prosthetics and orthotics market size, by country, 2017-2030 (US$M)
Middle East & Africa Prosthetics And Orthotics Market Outlook Share, 2022 & 2030 (US$M)
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