Orthopedic Orthotics Market Is Going To Boom | DJO Global, Össur, Ottobock

In 2016, the global orthopedic orthotics market was valued at $3,130 million and is projected to reach $4,658 million by 2023, growing at a CAGR of 5.8% during this period. The orthopedic orthotics market has witnessed significant growth in recent years, driven by various factors such as an aging population, increased prevalence of orthopedic disorders, and a rise in sports-related injuries. Orthopedic orthotic devices, including braces, splints, and other external supports, play a crucial role in managing conditions affecting the musculoskeletal system.

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Orthopedic Orthotics Market Growth Factors
Several key factors contribute to the expansion of the orthopedic orthotics market:
1. Aging Population: The increasing geriatric population is more susceptible to conditions like osteoporosis and osteoarthritis, leading to a higher demand for orthopedic orthotic devices.

2. Prevalence of Arthritis: The rising incidence of arthritis, particularly knee osteoarthritis, has led to greater adoption of orthotic devices. For instance, in 2016, approximately 14 million individuals in the U.S. suffered from symptomatic knee osteoarthritis.

3. Sports-Related Injuries: An increase in sports and physical activities has resulted in a higher number of injuries, thereby boosting the demand for orthotic solutions.

4. Road Accidents: The rise in road accidents contributes to a greater need for orthopedic orthotic devices to aid in rehabilitation and recovery.

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Orthopedic Orthotics Market Segmentation
The orthopedic orthotics market is segmented based on posture, anatomical region, manufacturing method, and geography.
1. By Posture:
◦ Static Orthotic Devices: Designed to restrict movement and provide support.
◦ Dynamic Orthotic Devices: Allow controlled movement to aid in rehabilitation.
◦ Other Orthotic Devices: Includes specialized devices catering to specific needs.
2. By Anatomical Region:
◦ Upper Limb Orthotic Devices: Encompasses shoulder, elbow, hand, and wrist supports.
◦ Lower Limb Orthotic Devices: Includes foot, ankle, knee, and hip orthotics.
◦ Spinal Orthotic Devices: Covers cervical, lumbosacral, thoracic-lumbo-sacral, and cervical-thoracic-lumbar-sacral supports.
3. By Manufacturing Method:
◦ Prefabricated Orthotic Devices: Mass-produced and available in standard sizes.
◦ Custom-Fitted Orthotic Devices: Standard devices adjusted to fit individual patients.
◦ Custom-Fabricated Orthotic Devices: Tailor-made devices crafted to meet specific patient requirements.
4. By Region:
◦ North America: U.S., Canada, Mexico.
◦ Europe: Germany, France, UK, Italy, Spain, Rest of Europe.
◦ Asia-Pacific: Japan, China, India, Australia, Rest of Asia-Pacific.
◦ LAMEA: Brazil, Saudi Arabia, South Africa, Rest of LAMEA.

Key Players in the Orthopedic Orthotics Market
The orthopedic orthotics market features several prominent companies, including:
• Bauerfeind AG
• Breg, Inc.
• BSN Medical
• DeRoyal Industries, Inc.
• DJO Global
• Össur
• Ottobock
• Trulife
• Hanger, Inc.
• Fillauer LLC
These companies are at the forefront of innovation, continually developing advanced orthotic solutions to meet the evolving needs of patients.

The orthopedic orthotics market is poised for substantial growth, driven by demographic trends, increasing prevalence of musculoskeletal disorders, and advancements in orthotic technologies. As awareness and adoption of these devices continue to rise, the market is expected to expand further, offering improved quality of life for individuals requiring orthopedic support.

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