Portland, OR -- (SBWIRE) -- 08/18/2017 -- Orthopedic orthotics is a specialized medical field that involves construction and designing orthosisbrace, splint, and other artificial external devices used to support the spine or limbs or to assist/prevent relative movements. Orthotic devices are commonly used to treat various conditions of the upper and lower extremities. In addition, they are frequently used to treat patients with spina bifida, muscular dystrophy, and multiple sclerosis. Furthermore, they aid in recovery of patients suffering through congenital conditions, trauma injury, postoperative, osteoarthritis care, and other conditions.
The growth of the global orthopedic orthotic market is driven by surge in geriatric population and rise in prevalence osteoporosis, osteoarthritis, and other bone disorders. Furthermore, increase in R&D activities for treatments that heal bone injuries and rise in sports-related injuries fuel the market growth. However, unfavorable healthcare reimbursement and high costs associated with customized orthotic devices impede the growth of this market.
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The global orthopedic orthotics market is segmented on the basis of product, end user, and geography. Based on product, is the market is categorized into knee support & braces, foot-ankle supports & braces, spinal orthoses, shoulder supports, wrist-hand supports, neck supports & braces, elbow supports & braces, hip supports & braces, and orthotic splints. The knee support & braces is subsegmented into knee support braces, post-operational knee braces, functional knee braces for ligament injuries, and osteoarthritic knee braces. The foot-ankle supports & braces is further classified into hinge braces and soft braces. The orthotic splints is further bifurcated into lower extremity splints and upper extremity splints. By end user, the market is divided into orthopedic clinics, over the counter (OTC), hospitals, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. These regions are further analyzed across the globe at country level to determine the market size and forecast for each segment and subsegment.
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Comprehensive competitive analysis and profiles of major market players such as Alcare, Co. Ltd., Ascent Meditech Ltd., Bauerfeind AG, Breg, Inc., BSN Medical, DeRoyal Industries, Inc., DJO Global, Ossur, Ottobock, and Truelife are provided in this report.
Orthopedics Orthotics Market Key Segments:
By Product
- Knee Support & Braces
- Knee Support Braces
- Post-operational Knee Braces
- Functional Knee Braces for Ligament Injuries
- Osteoarthritic Knee Braces
- Foot-ankle Supports & Braces
- Hinge Braces
- Soft Braces
- Spinal Orthoses
- Shoulder Supports
- Wrist-Hand Supports
- Neck Supports & Braces
- Elbow Supports & Braces
- Hip Supports & Braces
- Orthotic Splints
- Lower Extremity Splints
- Upper Extremity Splints
By End User
- Orthopedic Clinics
- Over the Counter (OTC)
- Hospitals
- Others