Orthopedic Orthotics market size is estimated to reach $5,532 million by 2026

Posted February 3, 2023 by Urmila01

The Global Orthopedic Orthotics market size is estimated to reach $5,532 million by 2026, growing at a CAGR of 5.9% over the forecast period of 2021-2026.

The Global Orthopedic Orthotics market size is estimated to reach $5,532 million by 2026, growing at a CAGR of 5.9% over the forecast period of 2021-2026. Orthotic Devices, such as splints, braces, and artificial external devices, are generally used to treat upper and lower extremity conditions for patients with muscular dystrophy, spinal Bifida, and multiple sclerosis.
These are prescribed medical devices that are worn to correct biomechanical issues such as walking, standing, and running. Orthopedic orthotics assist people suffering from bone disjunction, fractures, sports injuries, and critical accidental injuries to improve patient care and operational efficiency. Major factors driving the growth of the orthopedic orthotics market include the growing prevalence of bone injuries among the young population, the rise in the number of sports-related injuries, and increasing incidences of arthritis in developed nations.
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Market Dynamics
Growing adoption of orthotic devices for arthritis.
Orthotic devices help improve the balance and allow the feet to maintain the correct position and gain the necessary support. Many studies and scientific data have shown that patients wearing orthotic devices require less pain-relieving medications and experience less severe foot pain. Custom-made orthotic devices create long-term biomechanical changes that prevent the progression of arthritis.
High cost of customized orthotic devices.
Custom-made Orthopedic Orthotic devices cost $200 to $800 as the diagnosis for custom orthotics comes from specialists such as podiatrists, and consultations and office visits add up to the total cost. Custom orthotic devices have diverse price ranges, and people with foot pain and ankle pain prefer custom orthotic devices if over-the-counter orthotics do not provide the necessary pain relief and support.
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Key Players:
Bauerfeind Ag (Germany) ,Breg, Inc. (US),Deroyal Industries,Inc (US),Fillauer Llc (US),Otto Bock Healthcare Gmbh (Germany),Hanger, Inc (US),Ossur Corporate (US),BSN Medical (Germany),DJO Global (US),Fillauer LLC (US)

Report Coverage and Scope
The report Global Orthopedic Orthotics Market has been segmented based on Type, Posture and Region.
By Posture
• Static Orthotic Device
• Dynamic Orthotic Device
By Anatomical Region
• Upper Limb Orthotic Devices
• Lower Limb Orthotic Devices
• Spinal Limb Orthotic Devices
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By Manufacturing Type
• Prefabricated Orthotic Device
• Custom Fitted Orthotic Device
• Custom Fabricated Orthotic Device
• North America
• Europe
• RoW
Chapter 1 Orthopedic Orthotics Market Overview
1.1 Product Overview and Scope of Orthopedic Orthotics
1.2 Orthopedic Orthotics Market Segmentation By Anatomical Region
1.2.1 Upper Limb Orthotic Devices
1.2.2 Lower Limb Orthotic Devices
1.2.3 Spinal Limb Orthotic Devices
TOC Continued…
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Categories Biotech , Health
Tags orthopedic orthotics market
Last Updated February 3, 2023