Orthopedic Orthotics Market Size And Forecast
The Global Orthopedic Orthotics Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Orthopedic Orthotics Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Orthopedic Orthotics Market was valued at USD 3.58 Billion in 2019 and is projected to reach USD 5.40 Billion by 2027, growing at a CAGR of 5.3 % from 2020 to 2027.
What is Orthopedic Orthotics?
Orthotic is defined as the support, brace, or splint often used for providing support, alignment and prevents or corrects the function of movable parts of the body. In order to correct abnormal or irregular walking patterns, orthotics such as shoe inserts are used, it works by altering slightly the angles at which the foot strikes the walking or running surface. Other supplementary orthotics comprises neck braces, lumbosacral supports, knee braces, and wrist supports.
Orthotics can hold up the foot and lessen the inflammations. Highly elevated aches can stress muscles in the feet and lead to several conditions such as shin splints, knee pain, and plantar fasciitis. To prevent such a person’s feet from rolling excessively inward or outward orthotics can be useful.
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Some of the benefits of the custom orthotics include providing superior comfort allowing person stand, walk and run comfortably, it assists in fighting off the pain in the foot, ankle, and leg, it improves balance by allowing feet the necessary support to maintain a functionally correct position, it helps absorb shock and redirect pressure away from painful areas in the foot and ankle, moreover, it enhances athletic performance and lowers the risk of injury.
Global Orthopedic Orthotics Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Factors such as rise in aging population, high incidence of orthopedic disorders, and growth in physical health consciousness are boosting the orthopedic orthotics market. Moreover, the improvement of health care infrastructure in developing countries is expected to fuel the revenue growth of the global Orthopedic Orthotics market. However, high approaching costs of custom orthotics devices might hamper the growth of the market. Furthermore, lucrative opportunities in emerging economies are strengthening market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Orthopedic Orthotics Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Orthopedic Orthotics Market Competitive Landscape
The “Global Orthopedic Orthotics Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Hanger, Inc., DJO Global, Inc., Fillauer LLC, Ossur Corporate, Ottobock SE & Co. KGaA (Ottobock Holding), Basko Healthcare, Bauerfeind AG, Breg, Inc., BSN medical, DeRoyal Industries, Inc., and Others. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Orthopedic Orthotics Market, By Product
• Upper-limb Orthotics
• Lower-limb Orthotics
• Spine Orthotics
Orthopedic Orthotics Market, By Application
• Neuromuscular and Musculoskeletal Disorders
• Sports Injuries
Orthopedic Orthotics Market, By Material
• Carbon Fibers
Orthopedic Orthotics Market, By Distribution Channel
• Hospitals Pharmacies
• Online Pharmacies
• Footwear Retailer
Orthopedic Orthotics Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World
o Middle East & Africa
o Latin America