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Wrist Hand Orthosis WHO Market Size 2024 to 2031.

05-22-2024 12:36 PM CET | Energy & Environment

Press release from: Report Prime

Market Overview and Report Coverage

A Wrist Hand Orthosis (WHO) is a medical device designed to support and immobilize the wrist and hand for various orthopedic conditions. It is commonly used to treat conditions such as carpal tunnel syndrome, arthritis, and post-operative rehabilitation.
The future outlook for the Wrist Hand Orthosis (WHO) Market looks promising, with a projected growth rate of 10.10% during the forecasted period. This growth can be attributed to factors such as the increasing prevalence of orthopedic conditions, advancements in technology leading to more innovative WHO devices, and the rising elderly population worldwide.
The current market for Wrist Hand Orthosis (WHO) is driven by the growing awareness and demand for non-invasive treatment options for wrist and hand injuries. Additionally, the increasing adoption of WHO devices by healthcare providers and patients alike is contributing to the market's growth.
Overall, the Wrist Hand Orthosis (WHO) Market is expected to continue expanding in the coming years, with new technological developments and an aging population driving the demand for these devices. This market presents opportunities for manufacturers, healthcare providers, and investors looking to capitalize on the growing orthopedic market.

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Market Segmentation
The Wrist Hand Orthosis WHO Market Analysis by types is segmented into:
• Dynamic Orthotics
• Static Orthotics

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Dynamic Orthotics and Static Orthotics are two main types of Wrist Hand Orthosis (WHO) market. Dynamic Orthotics are designed to allow movement and provide support through the use of hinges and springs, making them ideal for conditions requiring range of motion control. Static Orthotics, on the other hand, provide rigid support and immobilization by limiting movement, making them suitable for conditions needing stability and protection. Both types of orthotics cater to different needs and preferences of individuals seeking therapeutic solutions for wrist and hand conditions.

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The Wrist Hand Orthosis WHO Market Industry Research by Application is segmented into:
• Hospitals
• Clinics
• Homecare

Wrist Hand Orthosis (WHO) is commonly used in hospitals, clinics, and homecare settings to provide support and stability to the wrist and hand. In hospitals, WHO devices are often used post-surgery or injury to aid in rehabilitation. In clinics, they may be prescribed for conditions like carpal tunnel syndrome or arthritis. In homecare settings, WHO devices allow patients to continue their recovery and daily activities with added support. Overall, WHO devices are versatile tools used across various healthcare settings to improve hand and wrist function.

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In terms of Region, the Wrist Hand Orthosis WHO Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global Wrist Hand Orthosis WHO market?
Emerging trends in the global wrist hand orthosis (WHO) market include advancements in technology leading to the development of innovative products with improved functionality and comfort for patients. Growing awareness about the benefits of WHO in rehabilitation and treatment of hand and wrist injuries is also driving market growth. Additionally, increasing prevalence of chronic conditions such as arthritis and carpal tunnel syndrome is expected to boost demand for WHO devices. Furthermore, rising investments in healthcare infrastructure and favorable reimbursement policies are anticipated to fuel the market expansion in the coming years.

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Major Market Players
Hanger Clinic is a leading provider of orthotic and prosthetic services in the United States, with a history dating back to 1861. The company offers a wide range of products and services, including the Competitive Wrist Hand Orthosis (WHO), to help individuals with physical challenges lead more active and fulfilling lives. Hanger Clinic has experienced steady market growth over the years, expanding its presence to over 800 patient care clinics across the country.
Ossur is another key player in the Competitive WHO market, known for its innovative orthotic and prosthetic solutions. The company was founded in 1971 in Iceland and has since grown to become a global leader in the industry. Ossur's products are known for their high quality and advanced technology, helping to improve the mobility and quality of life for individuals with disabilities.
In terms of sales revenue, Ossur reported total revenue of $609 million in 2020, while Hanger Clinic generated $1.09 billion in total revenue for the same year. These figures highlight the strong market presence and growth potential of these companies in the orthotic and prosthetic sector.
Overall, the Competitive WHO market is expected to continue growing as the demand for orthotic and prosthetic solutions increases worldwide. Companies like Hanger Clinic and Ossur are well-positioned to capitalize on this growth and continue to innovate and expand their product offerings to meet the evolving needs of individuals with physical challenges.

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