The Latin America, Middle East and Africa Hip Orthosis Market would witness market growth of 11.6% CAGR during the forecast period (2021-2027).
The millennial population suffering from degenerative diseases is constantly increasing, which is anticipated to create new growth avenues for the hip orthosis market in the forthcoming years. Additionally, the success rate of minimally invasive surgeries has escalated due to a significant surge in robot-assisted surgeries, thereby creating lucrative growth opportunities for the market in the coming years.
Moreover, the growing number of reimbursement policies for the patient and benefits associated with hip surgery-based navigation software are anticipated to propel the growth of the market during the forecast years. Likewise, technological advancement in navigation systems like information navigation systems is estimated to surge the demand for hip orthosis in the forthcoming years.
The surge in volume of hip replacement procedures and cases of hip fracture, rheumatoid arthritis, and osteoarthritis are creating the massive demand for hip surgery-based navigation systems. Whereas, major problems associated with surgical navigation systems for hip surgery are impingement, instability, and leg-length discrepancy. These problems are expected to hamper the growth of the hip orthosis market.
The hip orthosis market is exhibiting gradual growth in LAMEA. This region comprises developing and under-developed nations. The regional market is expected to grow at a rapid pace with the prevalence of affordable healthcare facilities in developing economies and technological advancements in minimally invasive surgeries. The development of non-metallic materials, like polymer and ceramic, will aid resolve conventional instrument-related problems like increased blood metal ions in the patient's bloodstream and a long-time implant deterioration. The newer procedures have reduced hospital stay to less than 4 days after completing hip replacement surgery.
Moreover, an increasing percentage of older people with degenerative diseases would have a positive effect on market growth during the forecasting period. The success rate of minimally-invasive continues to increase, which would boost the demand for hip orthosis in the regional market.
The Brazil market dominated the LAMEA Fixed Hip Orthosis Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4.7 million by 2027. The Argentina market would witness a CAGR of 13.1% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 12.2% during (2021 - 2027).
Based on Age Group, the market is segmented into Adults, Children, and Infants. Based on Product Type, the market is segmented into Hip Abduction, Range of Motion, Sacroiliac (Si) Belt, and Hernia Belt. Based on Mobility, the market is segmented into Wearable and Fixed. Based on Application, the market is segmented into Osteoarthritis, Congenital Dysplasia of the Hip, Coxa Valgum, Hip Fracture, Hip Dislocation, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Hip Orthosis Market is Predict to reach $606.9 Million by 2027, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Restorative Care of America, Inc. (RCAI), DJO Global (Colfax Corporation), Bauerfiend AG, Steeper Group, Innovation Rehab Ltd., Hanger, Inc. (Hanger Clinic), Becker Orthopedic, Ottobock SE & Co. KGaA, and össur.
By Age Group
By Product Type
By Mobility
By Application
By Country
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