Hip Orthosis Market Top Companies, Business Growth & Investment Opportunities, Share and Forecast 2030

Hip orthosis market size was valued at $0.35 billion in 2020 and is projected to reach $0.55 billion by 2030 registering a CAGR of 4.70% from 2021 to 2030.

Hip pain is the sensation of discomfort in or else around the hip joint, where upper end (head) of the thigh bone (femur) fits into the socket of the hip bone. Hip pain has a number of causes, most of which are related to degeneration, injury, or inflammation of the muscles, bones, joints, and tendons located in the hip area. Furthermore, there are common causes of hip pain include arthritis, bursitis, bone fracture, muscle spasms and strains. Hip pain can also result from disorders causing pain radiating from the spine and back, such as sciatica and herniated discs. This type of hip disorder will further require hip orthosis as a support. Hip orthosis is an external orthopedic device that restricts hip movement. After complete hip replacement, a hip orthosis is utilized to prevent adduction and internal rotation, which can lead to hip dislocation and hip flexion motions. In infants with dysplasia of the hip, which causes hip instability, a hip abduction orthosis or Pavlik harness is used to position the hips in flexion. In children, hip abduction orthosis is used to treat children with the Legg-Calve-Perthes disease.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

The key market players profiled in the report include RCAI, DJO Global, Bauerfeild, Steeper, Blunding, Innovation Rehab, Hanger Clinic, Becker Orthopedic, Ottobock, and Ossur.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/3416

𝐆𝐞𝐭 𝐔𝐩 𝐓𝐨 𝟏𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭, 𝐓𝐢𝐥𝐥 𝐭𝐡𝐞 𝐃𝐚𝐭𝐞 𝟐𝟎𝐭𝐡 𝐨𝐟 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟐.

The factors driving the growth of the hip orthosis market are exponential surge in elderly population and technological advancements in hip orthoses such as anterior approach for total hip replacement, rise in incidence of musculoskeletal conditions and increase in number of road accidents.. In addition, increase in awareness about the benefits of hip orthosis on the quality of life, which has encouraged patients to opt for hip orthosis, especially in the developing countries such as in India and China. Moreover, improvement in healthcare infrastructure in developing countries has led to the growth of the hip orthosis market. Furthermore, rising pool of hip fractures, hip osteoarthritis, favorable reimbursement scenario, and technological advancements are the major factors responsible for the growth of this market. Additionally, the growing health awareness among masses, along with increase in the spending capacity of the population are propelling the market growth. However, high costs of hip orthosis and changes in payer reimbursements negatively affect the net sales volume of hip orthosis, which, in turn, hampers the market growth.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/3416

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

• By mobility, the wearable hip orthosis segment garnered the largest share in the global hip orthosis market in 2020.
• On the basis of application, the osteoarthritis was the major shareholder in 2020, and expected to remain dominant throughout the forecast period.
• Depending on product type, the hip abduction dominated the global hip orthosis market in 2020, and is anticipated to continue this trend during the forecast period.
• Region wise, Asia-Pacific is expected to exhibit highest CAGR of 5.20% during the forecast period.

North American hip orthosis market held the largest market share. The regional market growth can be attributed to increased focus on healthcare, the presence of key players with a strong distribution network, and well-established healthcare infrastructure. Hence, high demand has been witnessed for hip orthosis due to increase in number of hip disorder cases in the region.

Contact:

David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.