Hip Orthosis Market to Reach $552.3 Million by 2030, Driven by Rising Orthopedic Disorders and Aging Population: Allied Market Research

According to a new report published by Allied Market Research, the global hip orthosis market was valued at $354.7 million in 2020 and is projected to reach $552.3 million by 2030, registering a CAGR of 4.7% from 2021 to 2030.

Hip orthosis, a supportive medical device designed to stabilize and align the hip joint, plays a critical role in improving mobility and accelerating recovery in patients suffering from hip-related conditions such as fractures, dislocations, and osteoarthritis. These devices typically include a pelvic girdle, thigh cuff, and adjustable joint mechanism to ensure proper alignment and healing.

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Market Drivers, Restraints, and Opportunities

The growth of the hip orthosis market is primarily driven by a surge in musculoskeletal disorders, a rapidly increasing geriatric population, and a rise in road accidents leading to hip injuries. Additionally, advancements in orthopedic technologies and increased awareness regarding non-invasive treatment options are fueling market expansion, particularly in developing countries such as India and China.

However, high costs associated with hip orthosis devices and fluctuating reimbursement policies are expected to restrain market growth. Despite these challenges, improving healthcare infrastructure and growing demand for enhanced quality of life are anticipated to create lucrative opportunities in the coming years.

COVID-19 Impact Analysis

The COVID-19 pandemic had a negative impact on the hip orthosis market due to disruptions in healthcare services, including reduced outpatient visits and postponement of elective orthopedic procedures. Manufacturing challenges and workforce shortages further affected supply chains. However, the market is expected to recover steadily with the resumption of elective surgeries and normalization of healthcare services globally.

Segment Highlights

By type, the wearable hip orthosis segment dominated the market in 2020 and is expected to maintain its leading position throughout the forecast period due to its ease of use and improved patient comfort.

In terms of product type, the hip abduction orthosis segment is projected to be one of the most lucrative segments, owing to its widespread application in post-surgical recovery and pediatric hip disorders.

Regional Insights

North America held the largest share of the global hip orthosis market in 2020, driven by well-established healthcare infrastructure, strong presence of key players, and higher adoption of advanced orthopedic solutions. Meanwhile, Europe is expected to register the highest CAGR during the forecast period, supported by increasing healthcare investments and rising prevalence of orthopedic conditions.

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Key Market Players

Leading companies operating in the hip orthosis market include Ottobock SE & Co. KGaA, Össur hf., DJO Global, Inc., Bauerfeind AG, Hanger, Inc., Becker Orthopedic, RCAI, Steeper Group, Blunding, and Innovation Rehab. These players are focusing on product innovation, strategic collaborations, and geographic expansion to strengthen their market position.

Conclusion

The global hip orthosis market is poised for steady growth, supported by demographic trends, increasing incidence of orthopedic conditions, and advancements in medical technology. As awareness and accessibility improve, hip orthosis devices are expected to play an increasingly vital role in enhancing patient mobility and overall quality of life worldwide.

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About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP. AMR provides global enterprises and medium and small businesses with unmatched quality 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 domains.

This release was published on openPR.