Global Hip Orthosis Market - 2022-2029

Global Hip Orthosis Market - 2022-2029

Market Overview

The global hip orthosis market size was valued at US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Hip problems primarily affect the hip joint, affecting thigh movement and your capacity to support your body's weight. These illnesses can cause pain and discomfort in many circumstances. A hip/pelvic girdle, thigh cuff, and hip joint are also components of a hip orthosis. The joints are adjustable, allowing for some range of motion. This location of the femoral head in the hip socket allows the ligaments, bone, and surrounding muscles to recover.

Market Dynamics

The increasing prevalence of orthopedic diseases and disorders, greater product affordability and market availability, continuous product commercialization, rising number of sports and accident-related injuries, and growing public awareness of preventive care drive growth in the hip orthosis market.

Safe, effective, and long-lasting method of treating various problems associated with severe hip arthritis will drive the market growth

The use of a hip orthosis has resulted in better health. Patients have found its use extremely beneficial since it aids in the recuperation process. A hip orthosis is a brace used to fix a dislocated hip or after hip replacement surgery to limit excessive motion in the hip, which aids in the healing of the affected portion. Furthermore, it is a safe, effective, and long-lasting method of treating various problems associated with severe hip arthritis.

The geriatric population has the biggest percentage of the world's overall population. This increase in the elderly population is predicted to boost the healthcare business, particularly in developed countries. The elderly population is particularly vulnerable to hip disorders since the likelihood of degenerative diseases, and hip fracture increases with age. Furthermore, with the growing senior population, the hip orthosis is seeing a major increase in demand. Hip problems, hip fractures, and degenerative diseases are becoming more common worldwide, particularly in industrialized and emerging countries.

Technological improvements such as the anterior approach for total hip replacement, an increase in the frequency of musculoskeletal diseases, and an aging population are some of the primary drivers driving the growth of the hip orthosis market. Furthermore, many patients are becoming aware of the benefits of hip orthosis treatment and are opting for it to mitigate the effects of hip dislocation conditions. This move toward hip orthosis therapy is most noticeable in developing countries, and it is likely to open up new growth potential for the industry. Furthermore, healthcare infrastructure in emerging nations is expanding and developing, which is expected to fuel the growth of the hip orthosis market in the upcoming years. Patient demand for hip orthosis is increasing in both developed and emerging economies, owing to their low cost and ease of market entry. Sports and other physical activity can result in musculoskeletal injuries such as sprains, ligament tears, and fractures. As a result, the rising public participation in such activities contributes to the prevalence of these illnesses. Various public-private sports groups and medical professionals are holding conferences, workshops, and symposiums to raise public knowledge about the clinical care of hip injuries.These factors are likely to boost the hip orthosis market.

The hip orthosis treatment is expensive is likely to hamper the market growth

The hip orthosis treatment is more expensive than other options. Furthermore, the device used after the therapy to prevent joints from shifting is expensive, raising the overall cost of the treatment. Several advantages are connected with hip orthosis devices; however, many patients are not financially strong enough to afford such a high cost of therapy and hip orthosis. Furthermore, there is a scarcity of human resources used to produce hip orthosis goods.

COVID-19 Impact Analysis

Various industries experienced serious disruptions in their business operations due to the COVID-19 epidemic. The World Health Organization (WHO) declared the COVID-19 outbreak a Public Health Emergency. As a result, a global lockdown was implemented, and the public and private transportation were halted, resulting in fewer traffic accidents and injuries. Furthermore, scheduled therapies were put on hold to focus on the rapidly expanding number of COVID-19 patients worldwide. All other therapies were halted, resulting in decreased demand for hip orthosis treatment. As a result, the COVID-19 epidemic had a detrimental impact on the hip orthosis industry. COVID-19, in particular, had a negative influence on numerous value chain phases, owing principally to the government's rigorous lockdown imposed in most nations. Many businesses were forced to suspend production as well temporarily. Similarly, supply and distribution networks were disrupted, owing mostly to travel restrictions resulting from the lockdown and a drop in sales activity.

The COVID-19 epidemic also impacted buyer or consumer purchasing capability and behavior. As a result, the hip orthosis market, like other markets, is expected to contract in 2020. However, the economy has begun to recover with ongoing vaccination programs and the government gradually easing lockdown restrictions. A similar trend can be seen in the global hip orthosis market. The annual revenue of the market's seven biggest competitors fell from the fiscal year 2019 to the fiscal year 2020. However, almost all players observed a peak in income collection in FY 2021.

Segment Analysis

The adults segment is expected to grow at the fastest CAGR during the forecast period (2022-2029)

The age group is segmented into infants, children, adults and because of a growth in the older population, the adult sector is expected to grow the fastest during the forecast period. This is because elderly adults are more susceptible to orthopaedic injuries than children. As a result, the number of adults seeking orthosis and prosthetic treatment has skyrocketed. According to World Health Organization,between 2015 and 2050, the share of the world's population aged 60 and up will nearly double, from 12% to 22%.By 2020, the number of persons aged 60 and more will outweigh youngsters under five.By 2050, 80 percent of the elderly will live in low- and middle-income countries.The population is aging at a considerably higher rate than in the past.

Geographical Analysis

North America region holds the largest market share of the global hip orthosis market

North America has the biggest market share for hip orthoses. The increased focus on healthcare, the existence of important companies with a robust distribution network, and a well-established healthcare infrastructure may all be linked to the regional market's rise. As a result of the increased incidence of hip problems in the region, the need for hip orthoses has increased.

In Feb 2016, the innovative design of the Unloader Hip improved patients' mobility by encouraging external rotation and abduction of the femoral head whenever the patient walks. This helps alleviate the pressure on the afflicted joint by distributing the load during heel striking to a less worn section of cartilage. The elegant, lightweight design incorporates Ossur's unique SmartDosing system, allowing patients to customize the fit to their comfort and activity level. Furthermore development made by key players in the advancement of hip orthosis equipments will boost the market in North American region.

Competitive Landscape

The hip orthosis market is a highly competitive presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Restorative Care of America Inc, DJO Global, Bauerfiend AG, Steeper Group, Innovation Rehab Ltd, Becher Orthopedic, Ossur, Fillauer, Corflex, Breg Inc, among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the hip orthosis market globally. For instance, In July 2021, DJO LLC (US) has renewed its affiliation with USA Lacrosse. DJO has been the Official Sports Brace of USA Lacrosse and the US National Teams since 2017, and the contract has been extended until 2024.

DJO

Overview:

DJO is a global provider of high-quality orthopedic devices, ranking first in the United States among the world's largest such companies in terms of revenue. What distinguishes DJO is its emphasis on the continuum of care.

Product Portfolio:

VersaROM Hip: The DonJoy VersaROM Hip is a low-profile device that provides effective, functional ROM restriction in 15° increments. Easy-to-use abduction/adduction pushbuttons and flexible hip and thigh shells contribute to a personalized fit for greater patient comfort and compliance. The adjustable compression belt with easy-grip pull tabs secures the hip joint, while the cushioned thigh cuff improves alignment. With a universal fit, one brace fits either the right or left hip up to a waist circumference of 54 .

Why Purchase the Report?

Visualize the composition of the global hip orthosis market segmentation by type, product type, application, age group, end user, and region highlighting the key commercial assets and players.

Identify commercial opportunities in the global hip orthosis market by analyzing trends and co-development deals.

Excel data sheet with thousands of data points of global hip orthosis market-level 4/5 segmentation.

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

Product mapping in excel for the key product of all major market players

The global hip orthosis market report would provide access to an approximately 40+ market data table, 45+ figures, and in the range of 180-200 (approximate) pages.

Target Audience

Service Providers/ Buyers

Industry Investors/Investment Bankers

Education & Research Institutes

Research Professionals

Emerging Companies

Manufacturers

Market Segmentation

Global Hip Orthosis Market– By Type



Fixed Hip Orthosis

Wearable Hip Orthosis

Global Hip Orthosis Market- By Product Type



Hip Abduction

Sacroiliac Belt

Hernia Belt

Range of motion

Global Hip Orthosis Market- By Application



Hip fracture

Hip dislocation

Osteoarthritis

Congenital Dysplasia of the Hip

Coxa Valgum

Others

Global Hip Orthosis Market– By Age Group



Infants

Children

Adults

Global Hip Orthosis Market– By End User



Homecare Settings

Hospitals

Others

Global Hip Orthosis Market- By Region



North America

Europe

Asia-Pacific

Middle East & Africa

South America