According to the World Health Organization (WHO), the number of elderly people aged 60 and up will increase by 22% by 2050, more than doubling from 12% in 2015. By 2050, low and middle-income countries would house 80% of the total geriatric population. Musculoskeletal injuries and other bone-related conditions are common among younger adults and the elderly. According to a WHO study, approximately 1.7 billion people worldwide have musculoskeletal conditions that cause disability. In addition, the increased R&D expenditure is expected to drive the global orthotic devices market in the coming years.

Data Bridge Market Research analyses that the orthotic devices market which was USD 2.51 billion in 2021, is expected to reach USD 3.75 billion by 2029, at a CAGR of 5.15% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Global orthotic devices market is segmented on the basis of product, postures, products type, device type, manufacturing method, materials, application, end users and distribution channels. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Products

  • Surgical Devices
  • Accessories

 Postures

  • Dynamic Orthotic Devices
  • Static Orthotic Devices

 Products Type

  • Ankle Braces and Supports
  • Foot Insoles
  • Knee Braces and Supports
  • Orthopaedic Braces and Support
  • Orthotic Splints
  • Spinal Braces and Supports
  • Upper Extremity Braces and Supports

 Device Type

  • Upper Extremity Orthotics
  • Lower Extremity Orthotics
  • Cervical/Spinal Orthotics

Manufacturing Method

  • Custom Orthotic Devices
  • Custom-Fitted Orthotic Devices
  • Pre-Fabricated Orthotic Devices

 Materials

  • Polypropylene
  • Leather

 Application

  • Chronic Diseases
  • Cranio-Maxillofacial (CMF)
  • Dental
  • Disabilities
  • Hip
  • Injuries
  • Knee
  • Pediatrics
  • Spine
  • Sports Injuries
  • Extremities and Trauma (SET)

 End Users

  • Ambulatory Surgical Centers
  • Hospitals
  • Specialty Clinics

 Distribution Channels

  • Retail Outlets
  • Pharmacies
  • Online Sales
  • Orthotic Clinics
  • Professional athlete

Highlight of Table of Content:

·        Chapter 1: Market overview

·        Chapter 2: Global Orthotic Devices Market analysis

·        Chapter 3: Regional analysis of the Global Orthotic Devices Market

·        Chapter 4: Market segmentation based on types and applications

·        Chapter 5: Revenue analysis based on types and applications

·        Chapter 6: Market share

·        Chapter 7: Competitive Landscape

·        Chapter 8: Drivers, Restraints, Challenges, and Opportunities

·        Chapter 9: Gross Margin and Price Analysis

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Some of the major players operating in the orthotic devices market are:

  • Smith+Nephew (U.K.)
  • Ossur (Iceland)
  • Nuvasive, Inc. (U.S.)
  • Life science, Inc. (U.S.)
  • Globus Medical (U.S.)
  • Exactech, Inc. (U.S.)
  • B. Braun SE (Germany)
  • Johnson & Johnson Services Inc. (U.S.)
  • Zimmer Biomet (U.S.)
  • Bioventus (U.S.)
  • Synergy Orthopedics (U.S.)
  • DJO LLC (U.S.)
  • Medtronic (Ireland)
  • NeuroMetrix, Inc (U.S.)
  • Abbott (U.S.)
  • Uroplasty Inc (U.S.)
  • Cogentix Medical (U.S.)
  • Aleva Neurotherapeutics (Switzerland)
  • Stryker (U.S.)
  • CONMED (U.S.)
  • SINTX Technologies, Inc. (U.S.)
  • Alphatec Spine, Inc. (U.S.)
  • Microport Scientific Corporation (China)
  • Wright Medical Group N.V. (U.S.)

Profound Questions Answered in this Report:

·       What is the growth rate of various stages in the value chain of the industry?

·       Which region has the highest growth rate and size of the emerging market by value in 2022?

·       Who are the competitive players in Global Orthotic Devices Market?

·       Which region has the largest share and degree of competition in the industry?

·       What is the CAGR of the market during the forecast period 2022 to 2029?

·       Which region is expected to hold the highest market share for the market?

·       What is the main driver of the Global Orthotic Devices Market?

·       What is sales volume, revenue, and price analysis of top players of the market?

·       What are the market opportunities and threats faced by the vendors in the industry?

·       What has been the impact of COVID-19 on the Global Orthotic Devices Market?

 

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