Orthopedic Orthotics Market Projected to Reach $4,658 million by 2023 – Bauerfeind, Breg, BSN Medical, DeRoyal, DJO, Ossur, Ottobock, Truelife, Hanger, Fillauer

Orthotics is a specialized medical field that includes construction and design of orthotic device braces, splints, and other artificial external devices used to support the spine or limbs or to assist/prevent relative movements. Orthotic devices are commonly used to treat conditions of the upper and lower extremities, frequently for patients with spina bifida, muscular dystrophy, and multiple sclerosis. Furthermore, these devices aid in recovery of patients suffering congenital conditions, trauma injury, postoperative, osteoarthritis care, and other conditions.

The global orthopedic orthotics market was valued at $3,130 million in 2016, and is projected to reach $4,658 million by 2023, growing at a CAGR of 5.8% from 2017 to 2023. The growth of the global orthopedic orthotics market is driven by surge in geriatric population and rise in prevalence of osteoporosis, osteoarthritis, and other bone disorders. Furthermore, rise in prevalence of bone injuries and increase in sports-related injuries due to growing physical health consciousness fuel the market growth. However, high costs associated with customized orthotic devices impede this growth.

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The global orthopedic orthotics market is segmented on the basis of posture, anatomical region, manufacturing, and region. Based on posture, it is categorized into static orthotic device, dynamic orthotic device, and other orthotic devices. On the basis of anatomical region, the market is divided into upper limb orthotic devices, lower limb orthotic devices, and spinal orthotic devices. Based on the manufacturing, it is classified into prefabricated orthotic devices, custom-fitted orthotic devices, and custom-fabricated orthotic devices. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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This report provides an extensive analysis of the current and emerging market trends and dynamics in the global Orthopedic Orthotics Market.
This study provides the competitive landscape of the global market to predict the competitive environment across geographies.
This report entails the detailed quantitative analysis of the current trends and future estimations to identify the prevailing opportunities.
Comprehensive analysis of factors that drive and restrict the market growth is provided in the report.
Region- and country-wise analysis is provided to understand the market trends and dynamics.

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KEY MARKET SEGMENTS

By Posture

Static Orthotic Devices
Dynamic Orthotic Devices
Other Orthotic Devices

By Anatomical Region

Upper Limb Orthotic Devices
Shoulder Orthotic Devices
Elbow Orthotic Devices
Hand & Wrist Orthotic Devices
Other Upper Limb Orthotic Devices
Lower Limb Orthotic Devices
Foot & Ankle Orthotic Devices
Knee Orthotic Devices
Hip Orthotic Devices
Other Lower Limb Orthotic Devices
Spinal Orthotic Devices
Cervical Orthotic Devices (CO)
Lumbosacral Orthotic Devices (LSO)
Thoracic-Lumbo-Sacral Orthotic Devices (TLSO)
Cervical-Thoracic-Lumbar-Sacral Orthotic Devices (CTLSO)
Other Spinal Orthotic Devices

By Manufacturing

Prefabricated Orthotic Devices
Custom-fitted Orthotic Devices
Custom-fabricated Orthotic Devices

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

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Posted by on Friday October 18 2019, 6:01 AM EST. All trademarks acknowledged. Filed under Biotechnology, Business Services, Diagnostics, Featured Press Release, Healthcare, Life Sciences, Medical Devices, Pharmaceuticals. Comments and Trackbacks closed. Follow responses: RSS 2.0

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