Orthotic Devices Market Anticipated Witnessing an Amazing Growth of USD 3.75 Billion by 2029
In a recent market intelligence study conducted by Data Bridge Market Research, the Orthotic Devices Market was thoroughly examined. The newly released report showcases a captivating layout, presenting crucial data through visually engaging tables, graphs, charts, and figures. By integrating these well-designed visual elements, the report aims to bolster the accuracy and precision of the information presented, allowing readers to gain a comprehensive understanding of the subject matter.
The Orthotic Devices market research report stands out as an exemplary and comprehensive study, offering valuable market insights derived from numerous factors. Its inclusion of essential data, information, statistics, facts, and figures proves to be highly significant for businesses, as it aids in shaping strategies related to production, marketing, sales, promotion, advertising, and product distribution. By encompassing a thorough analysis of the market structure and providing estimations for various segments and sub-segments within the Orthotic Devices industry, this well-structured Orthotic Devices report becomes an indispensable resource for businesses seeking a comprehensive understanding of the market landscape. Furthermore, the report’s emphasis on using the most up-to-date insights and analysis ensures that businesses can maximize the benefits gained from it. Through a close examination of consumer trends and supply chain dynamics, the Orthotic Devices report facilitates the development of effective production strategies.
Data Bridge Market Research analyses that the orthotic devices market which was USD 2.51 billion in 2021, is expected to reach USD 3.75 billion by 2029, at a CAGR of 5.15% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Get a Sample Copy of The Orthotic Devices Market report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-orthotic-devices-market&Aniket
According to the World Health Organization (WHO), the number of elderly people aged 60 and up will increase by 22% by 2050, more than doubling from 12% in 2015. By 2050, low and middle-income countries would house 80% of the total geriatric population. Musculoskeletal injuries and other bone-related conditions are common among younger adults and the elderly. According to a WHO study, approximately 1.7 billion people worldwide have musculoskeletal conditions that cause disability. In addition, the increased R&D expenditure is expected to drive the global orthotic devices market in the coming years.
Additionally, the report goes beyond market analysis by offering valuable details about company profiles, product specifications, production values, and contact information for manufacturers, along with market shares. Such in-depth competitor analysis allows businesses to gain valuable insights into the strategies employed by key players in the market. These insights may cover a wide range of activities, including new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions.
In conclusion, the Orthotic Devices market research report proves to be an invaluable asset for businesses seeking to stay informed about the ever-changing market dynamics and making well-informed decisions that drive success and growth.
Drivers:
Arthritis is regarded as one of the most common articular diseases among people over the age of 65. According to the Centers for Disease Control and Prevention (CDC), an estimated 63 million Americans have arthritis, which is expected to rise to 78 million by 2040. Furthermore, according to World Population Prospects: The 2019 Revision Data, 1 in 11 people in 2019 were over the age of 65, this will rise to 1 in 6 people by 2050.
Furthermore, an increasing incidence of trauma and accident cases worldwide is considered as one of the major factors likely to boost the demand for the market. According to the National Safety Council, in 2018, around 4.5 million people were severely injured due to accidents. Thus, the above-mentioned factors show that the orthotic devices market is expected to witness significant growth globally over the forecast period.
The report outlines the involvement of key players, including:
- Smith+Nephew (U.K.)
- Ossur (Iceland)
- Nuvasive, Inc. (U.S.)
- Life science, Inc. (U.S.)
- Globus Medical (U.S.)
- Exactech, Inc. (U.S.)
- B. Braun SE (Germany)
- Johnson & Johnson Services Inc. (U.S.)
- Zimmer Biomet (U.S.)
- Bioventus (U.S.)
- Synergy Orthopedics (U.S.)
- DJO LLC (U.S.)
- Medtronic (Ireland)
- NeuroMetrix, Inc (U.S.)
- Abbott (U.S.)
Know More about This Premium Research Report @ https://www.databridgemarketresearch.com/reports/global-orthotic-devices-market?Aniket
Key Market Segmentation
Products (Surgical Devices, Accessories), Postures (Dynamic Orthotic Devices, Static Orthotic Devices), Products Type (Ankle Braces And Supports, Foot Insoles, Knee Braces and Supports, Orthopaedic Braces and Support, Orthotic Splints, Spinal Braces and Supports, Upper Extremity Braces and Supports), Device Type (Upper Extremity Orthotics, Lower Extremity Orthotics, Cervical/Spinal Orthotics), Manufacturing Method (Custom Orthotic Devices, Custom-Fitted Orthotic Devices, Pre-Fabricated Orthotic Devices), Materials (Polypropylene, Leather), Application (Chronic Diseases, Cranio-Maxillofacial (CMF), Dental, Disabilities, Hip, Injuries, Knee, Pediatrics, Spine, Sports Injuries, Extremities and Trauma (SET)), End Users (Ambulatory Surgical Centers, Hospitals, Specialty Clinics), Distribution Channels (Retail Outlets, Pharmacies, Online Sales, Orthotic Clinics)
The Orthotic Devices market report includes the following countries in different regions:
The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here’s an overview of the regions and the countries they include:
- North America: United States, Canada, and Mexico.
- Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
- Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
- Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
- South America: Brazil, Argentina, and other countries in South America.
These regions represent significant economic and industrial hubs with diverse consumer markets, and their inclusion in market research provides valuable insights for businesses seeking to expand or understand global trends. By analyzing the market dynamics in these regions, companies can make informed decisions and develop strategies that cater to different regional demands and preferences.
North America dominates the orthotic devices market due to the increasing prevalence of the elderly population suffering from osteoarthritis and osteoporosis, key players, and growth of orthopaedic clinics in the region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the growing prevalence of traumatic injuries due to accidents, sports and violence, among others and surge in disposable income.
TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
Get the Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-orthotic-devices-market&Aniket
Browse More Reports:
https://www.databridgemarketresearch.com/reports/global-antiparasitics-drugs-market?AM
https://www.databridgemarketresearch.com/reports/global-diaphragm-pacing-device-market?AM
https://www.databridgemarketresearch.com/reports/global-arousal-disorder-treatment-market?AM
https://www.databridgemarketresearch.com/reports/global-prescription-lens-market?AM
https://www.databridgemarketresearch.com/reports/global-centesis-catheters-market?AM
About Data Bridge Market Research, Private Ltd
Data Bridge Market Research is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.
Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe.
Contact Us
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email – corporatesales@databridgemarketresearch.com
