UAE Foot & Ankle Devices Market By Product Type, Fixation Devices, Soft Tissue Orthopedic Devices, Bracing & Support Devices, Prostheses), By Procedure (Osteotomy, Fracture Repair, Fusion Procedures, Others), By Application (Trauma & Hair line Fractures, Rheumatoid Arthritis & Osteoarthritis, Diabetic Foot Diseases, Ligament Injuries, Others), By End User (Hospitals, Ambulatory Surgery Centers, Orthopedic Clinics, Rehabilitation Centers), By Region, Competition Forecast & Opportunities, 2027
UAE foot & ankle devices market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027, on the account of increasing demands for joint implants. Increasing instances of road accidents and foot injuries are further driving the growth of the UAE foot & ankle devices market in the upcoming five years. Moreover, increasing surgical therapeutics for the treatment of leg injuries, joint implants, etc. also support the UAE foot & ankle devices market in the next five years. Technological advancement in medical devices and increasing imports of medical devices through the global players would further aid the market growth.
Technological Advancement Drives Market Growth
Increasing research and product development of medical devices like foot & ankle devices would drive the growth of the UAE foot & ankle devices market, majorly in the upcoming five years. The government of the United Arab Emirates is financing the research and providing favorable schemes and plans to the market players. Also, the government is promoting local manufacturers to function in the collaboration with the global players to manufacture the devices locally although the growth through local manufacturing is slow.
Also, the government replenishes the demand for foot and ankle devices through imports. Growing imports through the global players also support market growth. The biotechnological institutes are actively working toward an autologous biological approach. Donor cells are taken from the patient and regenerative technology is used for the treatment of various impairments.
Accident Instances Drive Market Growth
Rapidly growing accidents like falling down stairs, ligament ruptures, or road accidents that lead to severe foot and ankle injuries drive the growth of the UAE foot & ankle devices market in the upcoming five years. In the year 2004, accidental injuries accounted for 27 per 100,000 population in the country which stands second to only cardiovascular diseases. In the year 2007, Abu Dhabi accounted for 23% of fatalities due to traumatic injuries in the ligament. Growing instances of occupational hazards due to rapidly increasing industrialization, also aid the growth of the market.
Market Segmentation
The UAE foot & ankle devices market is segmented by product type, procedure, application, end user, competitional landscape, and regional distribution. Based on product type, the market is further segmented into joint implants, fixation devices, soft tissue orthopedic devices, bracing & support devices, and prostheses. Joint implants include ankle implants, subtalar joint implants, and phalangeal implants. Fixation devices include internal fixation devices and external fixation devices. Soft tissue orthopedic devices include musculoskeletal reinforcement devices and artificial tendons & ligaments. Bracing & support devices include soft bracing & support devices, hinged braces & support devices, and hard braces & support devices. Prostheses include solid ankle cushion heel (SACH) prostheses, single-axial prostheses, multiaxial prostheses, and others.
By procedure, the market is fragmented into osteotomy, fracture repair, fusion procedures, and others. Based on application, the market is bifurcated into trauma & hair line fractures, rheumatoid arthritis & osteoarthritis, diabetic foot diseases, ligament injuries, and others. By end user, the market is differentiated into hospitals, ambulatory surgery centers, orthopedic clinics, and rehabilitation centers. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Abu Dhabi, Dubai, Sharjah, rest of UAE.
Company Profile
Johnson & Johnson, Stryker Corporation UAE, Zimmer Biomet UAE, Arthrex UAE, CONMED Corporation UAE, Orthofix Medical UAE, and Ottobock UAE, among others is a partial list of major market players of the companies responsible for the growth of UAE foot & ankle devices market.
Report Scope:
In this report, UAE foot & ankle devices market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook