Press release
Orthotic Devices, Casts and Splints Market will witness a CAGR of 5.4% between 2020 and 2030
The orthotic devices, casts and splints market will witness a CAGR of 5.4% between 2020 and 2030, according to a latest report by ESOMAR-certified market research firm Future Market Insights.According to the study, the orthotic devices, casts, and splints market growth has dipped as a result of prioritization of COVID-19 care. Decrease in hospital visits has also led to a decrease in demand.
The authors of the study are confident of a recovery in 2021, however, demand is not likely to be as strong as pre-COVID levels. To sustain growth in a sluggish landscape, manufacturers will need to bank of innovative offerings, according to the study.
To remain ‘ahead’ of your competitors, request for a sample - https://www.futuremarketinsights.com/reports/sample/REP-GB-12059
The report is bullish about the use of 3D technology in the orthotic devices, casts, and splints market.
Key Takeaways of Orthotic Devices, Casts and Splints Market Study
- North America and Europe collectively hold over 60% of the market share
- Innovations to be a key growth driver in the developed countries, with 3D printing to catalyse the process
- Increase in osteoporosis and osteoarthritis to bolster the market in the forecast period
For critical insights, request for PDF Brochure - https://www.futuremarketinsights.com/reports/brochure/rep-gb-12059
Ankle-Foot Orthosis to witness a Surge in Demand
AFO (ankle-foot orthosis) could be effectively used for supporting weak limbs or normalizing a limb with contracted muscles. Also, musculoskeletal and neurologic disorders cause the foot to drop.
AFOs could be used to control this foot drop as well. As such, AFOs could be used to address deformity as well as functional recovery.
North America, Europe, and Oceania have been witnessing an increase in demand for AFO due to increase in sports injuries. This trend is expected to continue in the forecast period as well.
Read Full Report - https://www.futuremarketinsights.com/reports/orthotic-devices-casts-and-splints-market
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About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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