Orthopedic Orthotics Market : Analysis and In-depth Research on Market Size, Trends with Industry Players Bauerfeind AG, Breg, Inc., BSN Medical, DeRoyal Industries, Inc., DJO Global, Ossur, Ottobock, and Truelife, Hanger, Inc., and Fillauer LLC.

According to a new report published by Allied Market Research, titled, "Orthopedic Orthotics Market by Anatomical region, Posture, Manufacturing: Global Opportunity Analysis and Industry Forecast, 2017-2023," global orthopedic orthotics market was valued at $3,130 million in 2016, and is projected to reach $4,658 million by 2023, growing at a CAGR of 5.8% from 2017 to 2023. Lower-limb orthopedic orthotic devices segment held more than two-fifths share of the total market in 2016.

Orthopedic orthotic devices are used to support the spine or limbs or to assist/prevent relative movements. These devices can be braces, splints or other external devices which is commonly used by patients suffering from orthopedic disorders.

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Spinal orthopedic orthotic devices segment is expected to witness the highest CAGR of 7.0% during the forecast period. This is primarily attributed to the increasing accident cases which lead to spine injuries. On the other hand, Lower-limb orthopedic orthotic devices generated the maximum revenue, accounting for more than two-fifths share of the global Orthopedic Orthotics Market in 2016.

Key Findings of the Orthopedic Orthotics Market:

• The prefabricated orthotic devices segment is expected to grow at a significant CAGR of 4.7%, during the analysis period, i.e., 2017-2023.

• The upper limb orthotic devices segment is projected to grow at a CAGR of 6.1%.

• Custom-fabricated orthotic devices contributed for more than half of the global orthopedic orthotics market in 2016.

• The dynamic orthopedic orthotic devices segment is projected to grow at a CAGR of 6.1%.

• Japan is the major shareholder, accounting for more than one-third share of the Asia-Pacific orthopedic orthotics market in 2016.

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Asia-Pacific is projected to grow at the highest CAGR of 6.9% during the forecast period owing to improvement in healthcare infrastructures and rise in expenditures in emerging markets (such as India and China) to cater to the unmet medical needs.

Key players:

• Bauerfeind AG
• Breg Inc.
• BSN Medical
• DeRoyal Industries Inc.
• DJO Global
• Ossur
• Ottobock
• Truelife
• Hanger Inc.
• Fillauer LLC.

Analyst Review :

Orthopedic orthotic devices are braces, splints or externally used devices which is used by patients suffering primarily from orthopedic disorders. These devices can also be used in recovery of patients suffering congenital conditions, trauma injury, postoperative, osteoarthritis care, and other conditions.

Increase in incidence of rise in geriatric population, which is at a higher risk of orthopedic diseases are primarily attributed to increase the demand for endoscopy. Moreover, rise in adoption of the devices owing to increasing incidents of accidents and sports related injuries in turn stimulates the market growth. However, the high cost of the customized orthopedic orthotics are expected to restrain the market growth.

Asia-Pacific offers lucrative growth opportunity for the market due to increase in healthcare expenditure, growth in geriatric population, and rise in incidence of population suffering from arthritis. Thus, the emerging economies such as China and India possess high market potential.

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Table of content:

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. MARKET SHARE ANALYSIS
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Rapidly aging population
3.4.1.2. High incidence of orthopedic disorders
3.4.1.3. Rise in physical health consciousness
3.4.1.4. Improvement of healthcare infrastructure in developing countries

3.4.2. Restraint

3.4.2.1. High cost of custom orthotic devices

3.4.3. Opportunity

3.4.3.1. Lucrative opportunities in emerging economies

3.4.4. Impact analysis

3.5. PORTERS FIVE FORCES ANALYSIS

3.5.1. Bargaining power of buyers
3.5.2. Bargaining power of suppliers
3.5.3. Threat of substitutes
3.5.4. Threat of new entrants
3.5.5. Competitive rivalry

3.6. GOVERNMENT REGULATIONS

3.6.1. U.S. FDA’s premarket clearance and approval requirements
3.6.2. European Union
3.6.3. Japan

LIST OF TABLES

TABLE 1. FDA CLASSIFICATION OF MEDICAL DEVICES
TABLE 2. GLOBAL ORTHOPEDIC ORTHOTICS MARKET, BY ANATOMICAL REGION, 2016-2023 ($MILLION)
TABLE 3. UPPER LIMB ORTHOTIC DEVICES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 4. UPPER LIMB ORTHOTIC DEVICES MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 5. LOWER LIMB ORTHOTIC DEVICES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 6. LOWER LIMB ORTHOTIC DEVICES MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 7. SPINAL ORTHOTIC DEVICES MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 8. SPINAL ORTHOTIC DEVICES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 9. GLOBAL ORTHOPEDIC ORTHOTICS MARKET, BY POSTURE, 2016-2023 ($MILLION)
TABLE 10. STATIC ORTHOTIC DEVICES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 11. DYNAMIC ORTHOTIC DEVICES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 12. OTHER ORTHOTIC DEVICES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 13. GLOBAL ORTHOPEDIC ORTHOTICS MARKET, BY MANUFACTURING, 2016-2023 ($MILLION)
TABLE 14. PREFABRICATED ORTHOTIC DEVICES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 15. CUSTOM-FITTED ORTHOTIC DEVICES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 16. CUSTOM-FABRICATED ORTHOTIC DEVICES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 17. ORTHOPEDIC ORTHOTICS MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 18. NORTH AMERICA ORTHOPEDIC ORTHOTICS MARKET, BY ANATOMICAL REGION, 2016-2023 ($MILLION)
TABLE 19. NORTH AMERICA ORTHOPEDIC ORTHOTICS MARKET, BY POSTURE, 2016-2023 ($MILLION)
TABLE 20. NORTH AMERICA ORTHOPEDIC ORTHOTICS MARKET, BY MANUFACTURING, 2016-2023 ($MILLION)

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