Global Orthotic Devices Market Growth 2023-2029

Global Orthotic Devices Market Growth 2023-2029

Orthotics is a specialty within the medical field concerned with the design, manufacture and application of orthoses. An orthostics device is an externally applied device used to modify the structural and functional characteristics of the neuromuscular and skeletal system.

LPI (LP Information)' newest research report, the “Orthotic Devices Industry Forecast” looks at past sales and reviews total world Orthotic Devices sales in 2022, providing a comprehensive analysis by region and market sector of projected Orthotic Devices sales for 2023 through 2029. With Orthotic Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Orthotic Devices industry.

This Insight Report provides a comprehensive analysis of the global Orthotic Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Orthotic Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Orthotic Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Orthotic Devices and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Orthotic Devices.

The global Orthotic Devices market size is projected to grow from US$ 344.6 million in 2022 to US$ 464.5 million in 2029; it is expected to grow at a CAGR of 464.5 from 2023 to 2029.

Under the International Standard terminology, orthoses are classified by an acronym describing the anatomical joints which they contain. For example, an ankle foot orthosis ('AFO') is applied to the foot and ankle, a thoracolumbosacral orthosis ('TLSO') affects the thoracic, lumbar and sacral regions of the spine. Upper-limb (or upper extremity) orthoses are mechanical or electromechanical devices applied externally to the arm or segments thereof in order to restore or improve function, or structural characteristics of the arm segments encumbered by the device. A lower-limb orthosis is an external device applied to a lower-body segment to improve function by controlling motion, providing support through stabilizing gait, reducing pain through transferring load to another area, correcting flexible deformities, and preventing progression of fixed deformities.

This report presents a comprehensive overview, market shares, and growth opportunities of Orthotic Devices market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Orthopedic Braces and Support
Orthotic Splints

Segmentation by application
Hospital
Specialty Clinic
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Alvimedica
Saudi Pharmaceutical Industries & Medical Appliances Corporation
Itamar Medical
Alshifa Medical Syringes Manufacturing
Jamjoon Hospital Supply

Key Questions Addressed in this Report

What is the 10-year outlook for the global Orthotic Devices market?

What factors are driving Orthotic Devices market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Orthotic Devices market opportunities vary by end market size?

How does Orthotic Devices break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.