Orthotics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The global orthotics market is on a trajectory towards substantial growth, expanding at a robust CAGR over the next decade. According to Fairfield Market Research, North America led the regional market with a significant share. The market is expected to grow from $4.82 billion in 2024 to approximately $7.93 billion by 2031, driven by a 7.4% compound annual growth rate (CAGR).
Materials and Customization in Orthotic Products
Orthotic devices can be crafted from various materials, ranging from rigid to soft, based on individual health needs and symptoms. Physicians prescribe materials tailored to specific conditions, with common materials including plastic and carbon fiber known for their flexibility and cushioning properties. Orthotics can take many forms, from full shoe inserts similar to those found in sporting shoes to tiny heel inserts and ankle-foot supports with shoe inserts and calf wraps
Market Dynamics and Revenue Insights
Sales of orthotic devices have been significant within the global prosthetics and orthotics market. The orthotics market has experienced steady growth, driven by factors such as increasing life expectancy, the rising prevalence of lifestyle-related disorders, and various forms of arthritis.
Technological Innovations Fueling Market Expansion
Technological advancements present lucrative opportunities for market growth. Innovations such as 3D printing and digital technologies have revolutionized the manufacturing process of insoles, enhancing user comfort and features. Hospitals, in particular, have a high demand for insoles produced using these advanced techniques.
Opportunities and Challenges in the Marke
Government regulations globally are designed to ensure better treatment options for patients. The National Association for the Advancement of Orthotics & Prosthetics (NAAOP) emphasizes the importance of orthotics and prosthetics providers as vital healthcare professionals, especially during the COVID-19 pandemic. This recognition underscores the critical role of manufacturers and suppliers in patient care. However, potential negative effects of orthotic devices, such as exacerbating foot pain or causing postural alterations, deter some users. Additionally, the high cost of custom devices poses a significant barrier despite their numerous advantages over mass-produced alternatives.
Regional Market Insights
United States: Leading the Global Orthotics Market
The United States held a significant share of the global market, driven by the increasing number of patients with osteoporosis and the rising demand for treatment. The European Journal of Rheumatology reports a high prevalence of osteoporosis-related hip fractures, particularly among women in Europe and the United States.
Germany: High-Quality Healthcare and Awareness Drive Market Growth
Germany accounted for a notable share of the global market. The high quality of healthcare and increased awareness of health issues, including diabetes, contribute to market growth. According to the International Diabetes Federation, Germany has a significant prevalence of diabetes, posing risks for complications like diabetic foot ulcers.
Category-wise Market Insights
Custom Orthotics: Personalized Solutions for Individual Needs
Custom orthotics generated substantial revenue, with the segment expected to expand at a notable CAGR during the forecast period. Custom devices are preferred due to the varying sizes of feet and legs among individuals, with soft insoles being more popular than rigid ones.
Medical Applications: Leading Revenue Generation
Orthotics for medical purposes held a leading market share, with the segment projected to grow significantly. These devices are widely used to realign joints and reduce pain in affected areas.
Preferred Materials: Ethyl Vinyl Acetate (EVA)
Orthoses made from ethyl vinyl acetate (EVA) accounted for a high market share, expanding significantly. EVA materials are preferred for their control and shock absorption properties, easing foot and ankle pain by cushioning the foot and relieving pressure.
Key Market Developments
Ossur announced a collaboration with the Alfred Mann Foundation to explore mind-controlled prosthetic devices using implanted myoelectric sensors. Gait Up partnered with SIDAS, a global leader in the footwear retail market, to enhance their presence and offerings.
Competitive Analysis
• Aetrex Worldwide Inc.
• Bauerfeind AG
• Acor Orthopedic
• Amfit Inc.
• Blatchford Clinical Services
• Dr. Scholl’s (Bayer)
• Salts Techstep
• The Foot Lab
• Arden Orthotics Ltd.
• Bolton Bros
• Cascade Dafo Inc.
• Algeo Limited
• Tynor Orthotics Pvt. Ltd.
• Ottobock, A. Algeo Ltd.
• Hanger, Inc.
• Bauerfeind AG
• Birkenstock digital GmbH
• Foot Science International
• Groupe Gorgé
• DOLA – Digital Orthotics Laboratories Australia.
• Fillauer LLC,
• Ossur Corporate
• Basko Healthcare.
• DJO Global
Orthotics Industry Research Segmentation
By Product:
• Prefabricated
• Custom
Rigid/Function Orthotic Insoles
Soft/ Accommodative Insoles
By User Age Group:
• Adults
• Paediatrics
By Application:
• Sports & Athletics
• Medical
• Personal Comfort
By Material:
• Thermoplastics
• Polyethene Foams
• Leather
• Cork
• Composite Carbon Fibers
• EVA
• Gel
• Others
By User:
• Prefabricated
Adults
Paediatrics
• Custom
Adults
Paediatrics
By Distribution Channel:
• Drug Stores
• Hospitals & Specialty Clinics
• Online Stores
• Others
By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)
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