Orthotic Devices Orthotic Splints and Orthopedic Braces and Support Market

Orthotic Devices Orthotic Splints and Orthopedic Braces and Support Market

Orthotic can be defined as the support, brace, or splint used to support, prevent, align, or correct the functioning of movable body parts such as the neck, shoulder, wrist, knee and etc.

These devices are used to change the functioning and structural features of the neuromuscular and skeletal systems. The medical field which deals with the design and manufacturing of these devices is known as Orthotics.

The orthotic devices are mainly used to overcome traumatic injury, congenital conditions, or disabling illnesses. This device helps individuals with cerebral palsy, multiple sclerosis, muscular dystrophy, spina bifida, and scoliosis, and also for those who are suffering from spinal cord injuries or amputations.

Orthotic Devices - Orthotic Splints and Orthopedic Braces and Support Market: Drivers and Restraints

Presently, the orthotic devices global market is driven by the aging population, the increase in the incidence of disabilities, and the growing rate of chronic and lifestyle diseases.

The orthotic Devices market is driven by the aging population around the globe, increased focus on improving quality of life, rapid innovations in production and modeling technologies, growing awareness towards orthopedic ailments, and a rise in sports injuries. However, the growing healthcare budget, poor healthcare reimbursement and payment models, and consolidation of market leaders act as major barriers to the growth of this market.

Orthotic Devices - Orthotic Splints and Orthopedic Braces and Support Market: Segmentation

The orthotic devices market is segmented into the following types:

Orthopedic Braces and Support 

Upper Extremity Braces and Support

Shoulder Braces and Support

Neck Braces and Support

Elbow Braces and Support

Wrist Braces and Support

Spinal Braces and Support

Low Extremity Braces and Support

Knee Braces and Support

Ankle Braces and Support

Hip Braces and Support

Orthotic Splints

Upper Extremist Splints

Lower Extremist Splints

Orthotic Devices - Orthotic Splints and Orthopedic Braces and Support Market: Overview

With rapid innovations in production and modeling technologies and growing awareness of orthopedic ailments and a rise in sports injuries. The global Orthotic devices market is expected to have a healthy growth rate in the forecast period (2012-2025).

Orthotic Devices - Orthotic Splints and Orthopedic Braces and Support Market: Region-Wise Outlook

Depending on geographic regions, the global orthotic devices/orthotic splints and braces market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

North America held the largest share in the global orthotic devices market followed by Europe and Asia Pacific. The developing nations in Asia Pacific, Middle East, and Africa hold huge potential for growth in the global orthotic device market, owing to developing economies and technological advances

Orthotic Devices - Orthotic Splints and Orthopedic Braces and Support Market: Key Players

Some of the key participating players in the orthotic devices global market are DeRoyal Industries, Otto Bock Holding GmbH& Co., Bauerfeind AG, DJO Inc., and others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, and applications.

The report covers an exhaustive analysis on:

Market Segments

Market Dynamics

Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies involved

Technology

Value Chain

Regional analysis includes

North America (U.S., Canada)

Latin America (Mexico. Brazil)

Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)

Eastern Europe (Poland, Russia)

Asia Pacific (China, India, Australia & New Zealand)

Japan

Middle East and Africa (S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

Detailed overview of the parent market

Changing market dynamics in the industry

In-depth market segmentation

Historical, current, and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape

Strategies of key players and products offered

Potential and niche segments, geographical regions exhibiting promising growth

A neutral perspective on market performance

Must-have information for market players to sustain and enhance their market footprint.

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