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Orthopedic Orthotics Market Growth and Demand During 2022-2028 | Bauerfeind AG, Breg, Inc., BSN Medical

Orthopedic Orthotics

The Global Orthopedic Orthotics Market was esteemed at $3,130 million out of 2016 and is projected to reach $4,658 million by 2023, developing at a CAGR of 5.8% during the upcoming Years.

Orthotic Devices Have braces, splints, and other artificial external devices that are generally used to treat conditions of the upper and lower extremities, repeatedly for patients with spina bifida, muscular dystrophy, and multiple sclerosis.

In addition, a boost in the geriatric population susceptible to osteoporosis, osteoarthritis, and other bone disorders, rise in prevalence of bone injuries and boost in sports-related damages due to increasing physical health consciousness fuel the market growth is anticipated to drive the development of the global optical fibers in endoscopy market. However, the high cost of customized orthotic devices is expected to restrain the market growth.

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Regional Growth Analysis:

Expansion in arthritis is one of the prime reasons for the boost in the adoption of orthotic devices. For example, as per the Arthritis Foundation, in the U.S., knee osteoarthritis (O.A.) expands each decade, for the most part in the age bunch 55 and 64 years. In 2016, around 14 million people in the U.S. were enduring symptomatic knee osteoarthritis.

Likewise, expansion in the geriatric population is relied upon to lift the market development. Older people have prompted an increase in the quantity of high-hazard patients for the event of orthopedic disorders, including those with comorbidities and compromised immunity.

As per an article distributed in Tohoku Journal of Experimental Medicine in February 2016, around 23.1% of the Japanese population was matured > 65 years, and 11.4% was developed>75 years toward the finish of 2010. By 2025, it is assessed that 30.5% of the population will be matured >65 years.

Also, with the rise in road accidents, expansion in the Elder population, and the high rate of sport-related wounds, the pervasiveness of chronic arthritis and other orthopedic diseases has rapidly expanded in this region. For instance, approximately 15% (180 million) of the population suffered from arthritis, as stated by the National Health Portal, India, in 2015.

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Orthopedic Orthotics Market Segmentation:

The worldwide orthopedic orthotics market is divided based on the pose, posture, anatomical region, manufacturing, and region. It is classified into static orthotic devices, dynamic orthotic devices, and other orthotic devices based on posture. Based on the anatomical region, the market is separated into upper limb orthotic devices, lower limb orthotic devices, and spinal orthotic devices. It is categorized into prefabricated orthotic devices, custom-fitted orthotic devices, and custom-fabricated orthotic devices based on manufacturing. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Top Players:

The Top companies operating in the orthopedic orthotics market include Bauerfeind AG, Breg, Inc., BSN Medical, DeRoyal Industries, Inc., DJO Global, Ossur, Ottobock, Truelife, Hanger, Inc., and Fillauer LLC.

Key Benefits

  • The study provides an in-depth analysis of the global optical fibers in the endoscopy market, with current trends and future estimations to elucidate the imminent investment pockets.
  • Quantitative analysis from 2014 to 2022 is expected to enable the stakeholders to capitalize on prevailing market opportunities.
  • The report provides data for 2014 and year-on-year forecasts from 2016 to 2022.
  • A comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
  • Extensive analysis is conducted closely following key product positioning and monitoring the top contenders within the market framework.

Orthopedic Orthotics Market Key Segments:

By Posture

  • Static Orthotic Devices
  • Dynamic Orthotic Devices
  • Other Orthotic Devices

By Anatomical Region

  • Upper Limb Orthotic Devices
    • Shoulder Orthotic Devices
    • Elbow Orthotic Devices
    • Hand & Wrist Orthotic Devices
    • Other Upper Limb Orthotic Devices
  • Lower Limb Orthotic Devices
    • Foot & Ankle Orthotic Devices
    • Knee Orthotic Devices
    • Hip Orthotic Devices
    • Other Lower Limb Orthotic Devices
  • Spinal Orthotic Devices
    • Cervical Orthotic Devices (C.O.)
    • Lumbosacral Orthotic Devices (LSO)
    • Thoracic-Lumbo-Sacral Orthotic Devices (TLSO)
    • Cervical-Thoracic-Lumbar-Sacral Orthotic Devices (CTLSO)
    • Other Spinal Orthotic Devices

By Manufacturing

  • Prefabricated Orthotic Devices
  • Custom-fitted Orthotic Devices
  • Custom-fabricated Orthotic Devices

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

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