(PharmaNewsWire.Com, February 26, 2018 ) According to the report Middle East and Africa Orthopedic Devices Market, published by Market Data Forecast, The Market was worth $2.66 billion in 2016 and estimated to be growing at a CAGR of 4.61%, to reach $3.34 billion by 2021.
An orthopedic device is used to assist or substitute the missing bone or joint. It aids in rebuilding or reinforcing the damaged configuration.
In order to fabricate a biocompatible tool, several properties of musco-skeletal tissues such as tendon, bone, ligament, and cartilage need to be properly comprehended. The materials utilized in the devices must be adjustable to the body in order to prevent rejection. This data helps us in creating materials and plans that are explicitly custom-made for each type of tissue defect.
The growth of the Middle East and Africa Orthopedic Devices Market is mainly driven by factors such as rise in geriatric population, growing frequency of osteoarthritis and osteoporosis, and rise in sports injuries and road accidents. However, factors such as costly procedures & equipment, recurrent product recalls, and unfavorable economic conditions are hindering the growth of the market in this region.
Middle East and Africa Orthopedic Devices Market: Segmentation Anatomical location Knee Shoulder Foot and Ankle Hip Spine Elbow Craniomaxillofacial Others Type of Consumables Orthopedic staples Orthopedic suture anchors o Resorbable suture anchors o Metallic suture anchors
The market has been geographically segmented into Middle-East and Africa. In terms of market share, South Africa leads the market in this region. Other significant markets in this region include UAE, Israel and Nigeria. Trade in medical devices and equipment is vital to the region's growth with all markets reliant on imports.
The scope of the report provides: The evaluation of the current market for your product or services and the future implications of the market Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porters Five Forces The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence Equip you with the information providing with the investment opportunities in the industry
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The market is categorized by the existence of diversified international and national companies, where the global players lead the market and are predicted to grow exponentially by securing regional or local companies. The major companies dominating the Orthopedic Devices market in this region are Medtronic, Stryker, Zimmer Inc., DePuy, Synthes, Smith & Nephew, and Biomet.
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