Report : Middle East & Africa Sports Medicine Devices Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Body Reconstruction and Repair, Body Support and Recovery, Body Monitoring and Evaluation, and Accessories), Application (Elbow and Wrist Injury, Shoulder Injury, Knee Injury, Ankle & Foot Injury, Spine Injury, and Others), and End User (Hospitals & Clinics, Physiotherapy Centers, Sports Centers, and Ambulatory Surgery Centers)
At 6.1% CAGR, the Middle East & Africa Sports Medicine Devices Market is speculated to be worth US$ 355.98 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa sports medicine devices market was valued at US$ 249.10 million in 2022 and is expected to reach US$ 355.98 million by 2028, registering an annual growth rate of 6.1% from 2022 to 2028. Developing countries getting more inclined towards sports participation and regular technological advancements in sports medicine devices are the critical factors attributed to the market expansion.
Medical technologies play a role in many aspects of an athlete's routine, from predicting and preventing sports-related injuries to monitoring fitness and enhancing recovery after a training session or competitive outing. The rise of artificial intelligence (AI), automation, and a host of other technological breakthroughs over the same period is leading to the introduction of innovations to optimize performance, maintain fitness, and extend athletes' careers. Further, new technologies and applications are also showing the potential to provide athletes and their coaches with even more valuable biometric data, including heart rate, metabolism, workload, and core temperature, which, in turn, can be used to detect fatigue and predict its likelihood of future injury.
3D printing is emerging as essential technology, and 3D printing of implants is expected to have a significant impact on orthopedics. Furthermore, this is due to various advantages of 3D printed implants, such as individual adaptation to patient requirements, lower costs (compared to commercially available implants), lower toxicity and higher patient acceptance, and efficient and fast production. Prosthetic limbs evolved to incorporate advanced materials, such as plastics and carbon fiber composites. Further, technological advances and novel innovations such as bionics, sensors, artificial intelligence, and micro-mechatronics have been achieved in prosthetics. Additionally, the increasing use of wearable devices such as resistance bands and other sensory aids to monitor stress levels and prevent fatigue-related injuries among athletes is fueling the growth of the sports medicine devices market. For example, Athletigen Technology, Inc., a performance-driven company in Nova Scotia, works with various athletes to use the information they gather about their DNA to improve their performance and health while reducing the incidence of sports-related injuries. Such cases are expected to spur market growth over the forecast period, thereby providing numerous opportunities in the market.
On the contrary, high cost of devices and dearth of skilled professionals hurdles the growth of Middle East & Africa sports medicine devices market.
Based on product, the market is segmented into body reconstruction and repair, body support and recovery, body monitoring and evaluation, and accessories. Body reconstruction and repair held 37.7% market share in 2022, amassing US$ 93.90 million. It is projected to garner US$ 130.38 million by 2028 to expand at 5.6% CAGR during 2022–2028.
Based on application, the Middle East & Africa sports medicine devices market is segmented into elbow and wrist injury, shoulder injury, knee injury, ankle and foot injury, spine injury, and others. The Knee injury segment held 29.7% market share in 2022, amassing US$ 73.92 million. It is projected to garner US$ 107.26 million by 2028 to expand at 8.3% CAGR during 2022–2028.
In terms of end user, the Middle East & Africa sports medicine devices market is segmented into hospitals and clinics, physiotherapy centers, sport centers, and ambulatory surgery centers. The hospitals & clinics segment held 36.9% market share in 2022, amassing US$ 91.85 million. It is projected to garner US$ 129.86 million by 2028 to expand at 5.9% CAGR during 2022–2028.
Our regional analysis states that Saudi Arabia captured 46.0% market share in 2022. It was assessed at US$ 114.69 million in 2022 and is likely to hit US$ 162.20 million by 2028, exhibiting a CAGR of 5.9% during the forecast period.
Key players dominating the Middle East & Africa sports medicine devices market Arthrex Inc.; Breg Inc.; Conmed Corporation; DePuy Synthes; DJO Middle East & Africa Inc.; Karl Storz SE & Co., KG.; Medtronic; Smith & Nephew; Stryker; and Zimmer Biomet among others.
- In March 2021, In March 2022, Medtronic entered into a contract with Vizient to add Touch Surgery Enterprise to Vizient's offerings, which serve various healthcare providers.
- In December 2021, In February 2022, Stryker announced that it completed the previously announced acquisition of Vocera Communications Inc., a digital care coordination and communication company.
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