Orthopedic Products Manufacturing in the US - Industry Market Research Report

Orthopedic Products Manufacturing

Over the five years to 2019, the Orthopedic Products Manufacturing industry has benefited from growing need for orthopedic care. This demand has particularly come from the rapidly aging population, as joint and muscle pain is a common sign of aging. However, one factor that has worked against orthopedic product manufacturers over the past five years has been increased competition from overseas. China and Switzerland, in particular, have expanded their healthcare sectors, resulting in significantly higher imports from both countries. Over the five years to 2024, the industry is expected to continue growing at a steady pace. The elderly population is expected to continue growing quickly over the next five years, while participation in sports is also likely to continue rising. However, while import competition is expected to lighten slightly, domestic demand will likely be limited by stagnation in the number of people with private health insurance.

This industry manufactures orthopedic appliances or apparatus, including braces and orthotics. These products support, prevent or correct deformities and improve the function of body parts.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.