Global Orthopedic Orthotics Market Overview

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.

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

By Manufacturing Type

• Prefabricated Orthotic Device
• Custom Fitted Orthotic Device
• Custom Fabricated Orthotic Device

Geography

• North America
• Europe
• APAC
• RoW

Key Takeaways from Global Orthopedic Orthotics Market Report:

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for postures, anatomical regions, and by different industry verticals.
• Understand the different market dynamics – key driving factors, challenges, and hidden opportunities.
• Get in-depth insights on your competitor analysis– market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes.
• Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than the top 20 countries globally for the market.

By Posture, the market for Orthopedic orthotics to grow at the highest CAGR during the forecast period

During the forecast period, the Orthopedic orthotics market for Dynamic Orthotic Device is predicted to develop at the fastest rate of XX%. It also held the largest share in 2020. Dynamic orthotics are a relatively new approach for managing neurological dysfunction and abnormal tone in pediatric patients. Dynamic orthotic devices allow guided movement and allow the patient motor pathways to make the desired motion occur and work themselves. These devices also can provide passionate, high-quality prosthetics and patient care.

By Anatomical Region, Orthopedic orthotics market for spinal limb orthotic devices to grow at the highest CAGR during the forecast period

During the projection period, the Orthopedic orthotics industry for spinal limb orthotic devices is predicted to develop at the fastest CAGR. The vast majority of HBM-enabled devices on the market are GPUs. HBM was designed primarily for graphics applications and was first used in GPUs. Spinal limb orthotic devices are a special kind of orthotic devices that are increasingly being adopted by patients who need various spine braces, such as chronic pain, instability, post-operative care, acute injury, degenerative disease, and malformation of the spine. The key players focus on developing advanced spinal limb orthotic devices that stabilize, support, and reduce pain through various spine regions.

North America to account for the largest market share during the forecast period.

North America held the largest share of the Global Orthopedic Orthotics market in 2020, with a global market share of 36.6%. The demand for orthopedic orthotics in North America is growing due to the increasing incidences of neuromuscular disorders and the rapid rise in orthopedic injuries. According to the Centers for Disease Control and Prevention (CDC), around 54 million people in the United States have arthritis. Moreover, key players, such as Breg, Inc., Deroyal Industries, Inc, Fillauer Llc, are also propelling the Orthopedic orthotics market growth in the North American region.

The Asia Pacific is set to be the fastest-growing over 2021-2026. The major factor for the rapid growth of the Orthopedic orthotics market in the Asia Pacific is the rise in the digitalization of pain management practices, increasing focus on the healthcare infrastructure, and the growing research and development activities by the key players in the region.

Market Dynamics

Driver:  

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. 

According to Cochrane Reviews, there is evidence that custom-made orthotic devices reduce foot pain for people suffering from Plantar fasciitis, Rheumatoid arthritis, Painful high arches, and Juvenile idiopathic arthritis. The growing incidences of arthritis are major factors for the increase in the adoption of orthotic devices across the world. Moreover, the key players, such as Bauerfeind Ag and Otto Bock Healthcare Gmbh, are focusing on developing advanced orthotic devices based on the requirements of people with arthritis, further propelling the growth of the Orthopedic Orthotics market.

Challenge:

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. 

Moreover, most podiatrists worldwide quote a fee for an entire treatment program. They do not quote an actual fee for customized orthotics as the treatment program consists of a fee for orthotic devices procured gait analysis, negative impression casting, and biomechanical exams. This diverse price range of customized orthotics is making it difficult for people in developing regions, which is estimated to restrain the growth of the orthopedic orthotic market. During the projected period, the impact of this difficulty is predicted to be moderate.

Orthopedic Orthotics Market 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) 

Recent Developments:

• In June 2018, Ossur Corporate launched the new Össur Formfit® Pro line of 3D compressive knit solutions that are designed for people suffering from different musculoskeletal conditions and ailments for athletes of all abilities to take control of their well-being and exercise and to rely on compression supporting options whenever they experience an injury.

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

1.3 Orthopedic Orthotics Market Segmentation By Posture

1.3.1 Static Orthotic Device

1.3.2 Dynamic Orthotic Device

1.4 Orthopedic Orthotics Market Segmentation by Regions

1.4.1 North America

1.4.2 China

1.4.3 Europe

1.4.4 Southeast Asia

1.4.5 Japan

1.4.6 India

1.5 Global Market Size (Value) of Orthopedic Orthotics (2015-2027)

Chapter 2 Global Economic Impact on Orthopedic Orthotics Industry

2.1 Global Macroeconomic Environment Analysis

2.1.1 Global Macroeconomic Analysis

2.1.2 Global Macroeconomic Environment Development Trend

2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Orthopedic Orthotics Market Competition by Manufacturers

3.1 Global Orthopedic Orthotics Production and Share by Manufacturers (2021 and 2021)

3.2 Global Orthopedic Orthotics Revenue and Share by Manufacturers (2021 and 2021)

3.3 Global Orthopedic Orthotics Average Price by Manufacturers (2021 and 2021)

3.4 Manufacturers Orthopedic Orthotics Manufacturing Base Distribution, Production Area and Product Type

3.5 Orthopedic Orthotics Market Competitive Situation and Trends

3.5.1 Orthopedic Orthotics Market Concentration Rate

3.5.2 Orthopedic Orthotics Market Share of Top 3 and Top 5 Manufacturers

3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Orthopedic Orthotics Production, Revenue (Value) by Region (2015-2021)

4.1 Global Orthopedic Orthotics Production by Region (2015-2021)

4.2 Global Orthopedic Orthotics Production Market Share by Region (2015-2021)

4.3 Global Orthopedic Orthotics Revenue (Value) and Market Share by Region (2015-2021)

4.4 Global Orthopedic Orthotics Production, Revenue, Price and Gross Margin (2015-2021)

4.5 North America Orthopedic Orthotics Production, Revenue, Price and Gross Margin (2015-2021)

4.6 Europe Orthopedic Orthotics Production, Revenue, Price and Gross Margin (2015-2021)

4.7 China Orthopedic Orthotics Production, Revenue, Price and Gross Margin (2015-2021)

4.8 Japan Orthopedic Orthotics Production, Revenue, Price and Gross Margin (2015-2021)

4.9 Southeast Asia Orthopedic Orthotics Production, Revenue, Price and Gross Margin (2015-2021)

4.10 India Orthopedic Orthotics Production, Revenue, Price and Gross Margin (2015-2021)

Chapter 5 Global Orthopedic Orthotics Supply (Production), Consumption, Export, Import by Regions (2015-2021)

5.1 Global Orthopedic Orthotics Consumption by Regions (2015-2021)

5.2 North America Orthopedic Orthotics Production, Consumption, Export, Import by Regions (2015-2021)

5.3 Europe Orthopedic Orthotics Production, Consumption, Export, Import by Regions (2015-2021)

5.4 China Orthopedic Orthotics Production, Consumption, Export, Import by Regions (2015-2021)

5.5 Japan Orthopedic Orthotics Production, Consumption, Export, Import by Regions (2015-2021)

5.6 Southeast Asia Orthopedic Orthotics Production, Consumption, Export, Import by Regions (2015-2021)

5.7 India Orthopedic Orthotics Production, Consumption, Export, Import by Regions (2015-2021)

Chapter 6 Global Orthopedic Orthotics Production, Revenue (Value), Price Trend by Type

6.1 Global Orthopedic Orthotics Production and Market Share by Type (2015-2021)

6.2 Global Orthopedic Orthotics Revenue and Market Share by Type (2015-2021)

6.3 Global Orthopedic Orthotics Price by Type (2015-2021)

6.4 Global Orthopedic Orthotics Production Growth by Type (2015-2021)

Chapter 7 Global Orthopedic Orthotics Market Analysis by Application

7.1 Global Orthopedic Orthotics Consumption and Market Share by Application (2015-2021)

7.2 Global Orthopedic Orthotics Consumption Growth Rate by Application (2015-2021)

7.3 Market Drivers and Opportunities

7.3.1 Potential Applications

7.3.2 Emerging Markets/Countries

Chapter 8 Orthopedic Orthotics Manufacturing Cost Analysis

8.1 Orthopedic Orthotics Key Raw Materials Analysis

8.1.1 Key Raw Materials

8.1.2 Price Trend of Key Raw Materials

8.1.3 Key Suppliers of Raw Materials

8.1.4 Market Concentration Rate of Raw Materials

8.2 Proportion of Manufacturing Cost Structure

8.2.1 Raw Materials

8.2.2 Labour Cost

8.2.3 Manufacturing Expenses

8.3 Manufacturing Process Analysis of Nano Diamond Battery

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

9.1 Orthopedic Orthotics Industrial Chain Analysis

9.2 Upstream Raw Materials Sourcing

9.3 Raw Materials Sources of Orthopedic Orthotics Major Manufacturers in 2021

9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

10.1 Marketing Channel

10.1.1 Direct Marketing

10.1.2 Indirect Marketing

10.1.3 Marketing Channel Development Trend

10.2 Market Positioning

10.2.1 Pricing Strategy

10.2.2 Brand Strategy

10.2.3 Target Client

10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis

11.1 Technology Progress/Risk

11.1.1 Substitutes Threat

11.1.2 Technology Progress in Related Industry

11.2 Consumer Needs/Customer Preference Change

11.3 Economic/Political Environmental Change

Chapter 12 Global Orthopedic Orthotics Market Forecast (2021-2027)

12.1 Global Orthopedic Orthotics Production, Revenue Forecast (2021-2027)

12.2 Global Orthopedic Orthotics Production, Consumption Forecast by Regions (2021-2027)

12.3 Global Orthopedic Orthotics Production Forecast by Type (2021-2027)

12.4 Global Orthopedic Orthotics Consumption Forecast by Application (2021-2027)

12.5 Orthopedic Orthotics Price Forecast (2021-2027)

Chapter 13 Appendix