MENA Limb Prosthetics Market: Current Analysis and Forecast (2023-2030)

Report Description

The Middle East Limb Prosthetics Market was valued at USD 56.4 million in the year 2022 and is expected to grow at a strong CAGR of around 5.8% during the forecast period (2023-2030). The Middle Eastern region has witnessed a surge in sports participation in recent years, driven by factors like increasing disposable income, improved infrastructure, and growing government initiatives promoting physical activity. However, this rise in sporting activity has also led to a parallel increase in sports-related injuries, creating a growing demand for advanced prosthetic limbs. According to a 2022 report by the World Health Organization (WHO), the Eastern Mediterranean Region, which includes several Middle Eastern countries, has the highest rate of sports injuries globally, with an estimated 30.6 injuries per 1,000 people. This figure is significantly higher than the global average of 24.8 injuries per 1,000 people.

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The Ministry of Health in Saudi Arabia reported that sports injuries accounted for over 20% of all hospital admissions in 2022.

The UAE Ministry of Social Affairs stated that the number of people with disabilities in the country, including amputees, has increased by 30% in the past five years.

The Iranian Ministry of Youth and Sports launched a program in 2023 to provide prosthetics and rehabilitation services to young athletes with disabilities.

Some of the major players operating in the market include Fillauer LLC, Hanger Clinic, Steeper Group, Uniprox GmbH & Co. KG, Ortho Europe, Blatchford Limited, Ottobock, Össur, COVVI Ltd, and Aether Biomedical. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, the upper limb segment to grow with high CAGR during the forecast period”

Based on type, the market is bifurcated into upper limb and lower limb. The upper limb segment is anticipated to grow with high CAGR during the forthcoming period. Upper limb prosthetics refer to artificial limbs designed to replace a lost or missing arm, forearm, or hand. These prosthetics aim to restore functionality, mobility, and improve the quality of life for individuals who have experienced limb loss due to injury or congenital conditions. In recent years, there has been significant progress in the field of upper limb prosthetics, driven by advancements in materials, mechanics, and neuroprosthetics. One notable development is the integration of advanced sensors and robotics, enabling prosthetics to mimic natural movement patterns and provide users with a greater range of motion and dexterity. For instance, in 2020, BrainRobotics, a robotics startup, unveiled the “B-NOVA” prosthetic hand. This prosthetic uses artificial intelligence and machine learning algorithms to interpret muscle signals and execute corresponding hand movements, creating a more intuitive and responsive experience for users.

“Amongst technology, the conventional prosthetic devices category to held dominant share of the market in 2022”

On the basis of technology, the market is categorized into conventional prosthetic devices, electric prosthetic devices, and hybrid prosthetic devices. A conventional prosthetic device, also known as a traditional or standard prosthetic, is a mechanical or non-mechanical device designed to replace a missing or impaired body part. These prostheses are widely used to enhance the functionality and improve the quality of life for individuals who have lost limbs, digits, or other body parts due to accidents, congenital disabilities, or medical conditions. There are several driving factors that contribute to the continued use and demand for conventional prosthetic devices. Firstly, cost is a significant driving factor, as conventional prosthetic devices are generally more affordable compared to advanced or technologically advanced alternatives. This makes them more accessible to a wider range of individuals who require prosthetic support.

Middle East Limb Prosthetics Market Report Coverage

“UAE Dominated the Middle East Limb Prosthetics Market in 2022”

The United Arab Emirates (UAE) limb prosthetics market is witnessing significant growth due to a combination of driving factors. Firstly, the increased prevalence of limb disabilities and amputations, either resulting from accidents, medical conditions, or congenital defects, has created a demand for limb prosthetics. Furthermore, the UAE government’s focus on providing advanced healthcare services and access to medical technology has contributed to the growth of the limb prosthetics market. The UAE Vision 2021 includes a National Agenda that aims to ensure world-class healthcare services, including access to advanced prosthetic limbs, for its citizens and residents. This has resulted in increased investments in medical infrastructure and the adoption of innovative prosthetic technologies.

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Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive country level analysis of the industry.

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The Middle East Limb Prosthetics Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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Research Methodology

RESEARCH METHODOLOGY FOR THE MIDDLE EAST LIMB PROSTHETICS MARKET ANALYSIS (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the Middle East Limb Prosthetics Market were the three major steps undertaken to create and analyze the adoption of smart homes in major countries. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Middle East Limb Prosthetics Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Middle East Limb Prosthetics Market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Middle East Limb Prosthetics Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major countries. Major segments are included in the report as type, technology, component, and end user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that country.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Middle East Limb Prosthetics Market. Further, we conducted factor analysis using dependent and independent variables such as type, technology, component, and end user of the Middle East Limb Prosthetics Market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Middle East Limb Prosthetics Market sector across the countries.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Middle East Limb Prosthetics Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Middle East Limb Prosthetics Market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Middle East Limb Prosthetics Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Country Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Countries

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Middle East Limb Prosthetics Market data was split into several segments & sub-segments post studying various parameters and trends in the areas of the device and end-user in the Middle East Limb Prosthetics Market.

The main objective of the Middle East Limb Prosthetics Market Study

The current & future market trends of the Middle East Limb Prosthetics Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Middle East Limb Prosthetics Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of the type, technology, component, and end user.
• Define and analysis of the regulatory framework for the limb prosthetics industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Middle East Limb Prosthetics Market for the major country.
• Major countries of countries studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the Middle East Limb Prosthetics Market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive country level analysis of the industry

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