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Orthotic Devices Orthotic Splints and Orthopedic Braces and Support Market to Record Steady Growth by 2025

01-10-2019 06:07 AM CET | Health & Medicine

Press release from: Future Market Insights

Orthotic Devices Orthotic Splints and Orthopedic Braces

Orthotic can be defined as the support, brace, or splint used to support, prevent, align, or to correct the functioning of movable body parts such as neck, shoulder, wrist, knee and etc.

These devices are used to change the functioning and structural features of the neuromuscular and skeletal system. The medical field which deals with the design and manufacturing of these devices is known as Orthotics.

The orthotic devices are mainly used to overcome from the traumatic injury, congenital condition or disabling illness. This devices helps the individuals with cerebral palsy, multiple sclerosis, muscular dystrophy, spina bifida and scoliosis, and also for those who are suffering from spinal cord injuries or amputations.

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Orthotic Devices - Orthotic Splints and Orthopedic Braces and Support Market: Drivers and Restraints

Presently, orthotic devices global market is driven by the aging population, increasing in the number of incidence of disabilities, growing rate of chronic and lifestyle disease.

Orthotic Devices market is driven by the aging population around the globe, increased focus on improving quality of life, rapid innovations in production and modeling technologies, growing awareness towards orthopedic ailments and rise in sports injuries. However, growing healthcare budget, poor healthcare reimbursement and payment models, and consolidation of market leaders act as a major barrier for the growth of this market.

Orthotic Devices - Orthotic Splints and Orthopedic Braces and Support Market: Segmentation

Orthotic devices market is segmented into following types:

Orthopedic Braces and Support

Upper Extremity Braces and Support

Shoulder Braces and Support

Neck Braces and Support

Elbow Braces and Support

Wrist Braces and Support

Spinal Braces and Support

Low Extremity Braces and Support

Knee Braces and Support

Ankle Braces and Support

Hip Braces and Support

Orthotic Splints

Upper Extremist Splints

Lower Extremist Splints

Orthotic Devices - Orthotic Splints and Orthopedic Braces and Support Market: Overview

With rapid innovations in production and modeling technologies and growing awareness towards orthopedic ailments and rise in sports injuries. The global Orthotic devices market is expected to have a healthy growth rate in the forecast period (2012-2025).

Orthotic Devices - Orthotic Splints and Orthopedic Braces and Support Market: Region-Wise outlook

Depending on geographic regions, global orthotic devices/orthotic splints and braces market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

North America held largest share in the global orthotic devices market followed by Europe and Asia Pacific. The developing nations in Asia pacific, Middle East and Africa hold huge potential for growth in the global orthotic device market, owing to developing economies and technological advances

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Orthotic Devices - Orthotic Splints and Orthopedic Braces and Support Market: Key Players

Some of the key participating players in the orthotic devices global market are DeRoyal Industries, Otto Bock Holding GmbH& Co., Bauerfeind AG, DJO Inc. and others.

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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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