Middle East and Africa Foot and Ankle Devices Market – Industry Trends and Forecast to 2030

Middle East and Africa Foot and Ankle Devices Market Analysis and Size

The surge in prevalence of sport injuries and road accidents and other surgical procedures being carried out with utilization of these devices is primarily responsible for driving the growth of the foot and ankle devices market. Additionally, the beneficial properties of these devices such as higher efficacy, better affordability, greater patient comfort and are easy-to-use as compared to conventional products which also heighten the overall growth of the market.  

Data Bridge Market Research analyses that the Middle East and Africa Foot and Ankle Devices market which was USD 4,215.30 million in 2022, would rocket up to USD 8,054.31 million by 2030, and is expected to undergo a CAGR of 6.9% during the forecast period. This indicates that the market value. “Orthopedic Implants and Devices” dominates the products segment of the foot and ankle devices market owing to the high prevalence of sport injuries and road accidents. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Middle East and Africa Foot and Ankle Devices Market Scope and Segmentation

Market Definition

Foot and ankle devices are the medical devices which are used to treat injuries and disorders in the foot and ankle area such as hammertoes, diabetic foot, bunions, arthritis and other orthopedic disorders. Foot-ankle extremities are a key revenue contributor to the global foot and ankle devices market. These devices that aid in reconstruction procedures and ligament repair such as joint replacement, arthrodesis and internal fixation.

Middle East and Africa Foot and Ankle Devices Market Dynamics

Drivers

• The surge in prevalence of sport injuries and road accidents

Over the past two decades there has been significant increase in the sport injuries and road accidents which is directly influencing the demand for medical devices and instruments that offer more precision, and emerging technologies, this in turn has carved the way for the growth of the market.

• Research and development proficiencies

Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted to develop the medical instruments is also bolstering the market growth rate.

• Growing investment for healthcare facilities

Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. The rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.  

Opportunities

Furthermore, upsurge in the public-private funding for target research activities, the rising demand for minimally invasive surgeries, growing participation of youngsters in sports and increasing product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2023 to 2030. Additionally, the increasing adoption of arthroscopic surgeries, rise in the elderly and obese population globally and the growing per capita expenditure on health care will further expand the market's growth rate in the future. 

Restraints/Challenges

On the other hand, discomfort associated with the insertion of devices and metal sensitivity in some patients. Also, the high cost associated with the research and development proficiencies and limited infrastructural facilities in the low income countries is expected to obstruct market growth. Also, the stringent regulatory framework and adoption of alternative therapies for the treatment of foot and ankle disorders and injuries have the potential to challenge the market’s growth. Also, lack of favorable reimbursement scenario and technology penetration in the developing economies, heavy custom duty imposed on the medical devices, and the lack of suitable infrastructure in low and middle income countries are projected to challenge the market in the forecast period of 2023-2030.

This foot and ankle device market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the foot and ankle devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In January 2022, Paragon 28 received the United States Food and Drug Administration clearance for ankle fracture, and soft tissue stabilization system. The R3ACT system includes a portfolio of products designed for foot and ankle fractures and soft tissue injuries
• In April 2022, the United States Food and Drug Administration approved the Calcaneal Fracture Plating System and IM Fibula Implant, which were launched by Medline UNITE Foot & Ankle. With the national release of these two devices, surgeons will have access to a complete titanium foot and ankle trauma system, which will allow them to treat almost all fractures that call for ORIF with plate and screw fixation

Middle East and Africa Foot and Ankle Devices Market Scope

The foot and ankle devices market is segmented on the basis of products, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Products

• Orthopedic Implants and Devices
• Bracing and Support Devices
• Prostheses

Application

• Trauma
• Hammertoe
• Osteoarthritis
• Rheumatoid Arthritis
• Osteoporosis
• Others

End User

• Hospitals
• Trauma Centers
• Ambulatory Surgical Centers
• Specialty Clinics
• Others

Middle East and Africa Foot and Ankle Devices Market Regional Analysis/Insights

The foot and ankle devices market is analysed and market size insights and trends are provided by country, products, application and end user as referenced above.

The countries covered in the foot and ankle devices market report are South Africa, Saudi Arabia, UAE, Egypt, Israel, and Rest of Middle East and Africa as a part of Middle East and Africa (MEA).

South Africa dominates the foot and ankle devices market because of the strong base of healthcare facilities, strong presence of major players in the market, increases cases of surgical procedures among the athletes and the rising number of research activities in this region.   

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.    

Healthcare Infrastructure growth Installed base and New Technology Penetration

The foot and ankle devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for foot and ankle devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the surgical microscopes market. The data is available for historic period 2010-2020.

Competitive Landscape and Middle East and Africa Market Share Analysis

The foot and ankle devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to foot and ankle devices market.

Some of the major players operating in the foot and ankle devices market are:

• Arthrex (U.S.)
• Stryker (U.S.)
• Smith & Nephew (U.K.)
• DePuy Synthes (U.S.)
• Össur (Iceland)
• DJO Global (U.S)
• Wright Medical (U.S.)
• Zimmer Biomet (U.S.)
• Acumed (U.S.)
• Integra LifeSciences (U.S.)
• Bioventus (U.S)
• BSN Medical (Germany)
• Groupe Lépine (France)
• OrthoPediatrics (U.S)
• Auxein Medical (India)

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