London, UK -- (SBWIRE) -- 07/22/2015 -- Orthotic can be defined as the support, brace, or splint used to support, prevent, align, or to correct the functioning of movable body parts such as neck, shoulder, wrist, knee and etc.

These devices are used to change the functioning and structural features of the neuromuscular and skeletal system. The medical field which deals with the design and manufacturing of these devices is known as Orthotics.

The orthotic devices are mainly used to overcome from the traumatic injury, congenital condition or disabling illness. This devices helps the individuals with cerebral palsy, multiple sclerosis, muscular dystrophy, spina bifida and scoliosis, and also for those who are suffering from spinal cord injuries or amputations.

Orthotic Devices - Orthotic Splints and Orthopedic Braces and Support Market: Drivers and Restraints

Presently, orthotic devices global market is driven by the aging population, increasing in the number of incidence of disabilities, growing rate of chronic and lifestyle disease.

Orthotic Devices market is driven by the aging population around the globe, increased focus on improving quality of life, rapid innovations in production and modeling technologies, growing awareness towards orthopedic ailments and rise in sports injuries. However, growing healthcare budget, poor healthcare reimbursement and payment models, and consolidation of market leaders act as a major barrier for the growth of this market.

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Orthotic Devices - Orthotic Splints and Orthopedic Braces and Support Market: Segmentation

Orthotic devices market is segmented into following types:
Orthopedic Braces and Support
Upper Extremity Braces and Support
Shoulder Braces and Support
Neck Braces and Support
Elbow Braces and Support
Wrist Braces and Support
Spinal Braces and Support
Low Extremity Braces and Support
Knee Braces and Support
Ankle Braces and Support
Hip Braces and Support
Orthotic Splints
Upper Extremist Splints
Lower Extremist Splints

Orthotic Devices - Orthotic Splints and Orthopedic Braces and Support Market: Overview

With rapid innovations in production and modeling technologies and growing awareness towards orthopedic ailments and rise in sports injuries. The global Orthotic devices market is expected to have a healthy growth rate in the forecast period (2012-2025).

Orthotic Devices - Orthotic Splints and Orthopedic Braces and Support Market: Region-Wise outlook

Depending on geographic regions, global orthotic devices/orthotic splints and braces market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

North America held largest share in the global orthotic devices market followed by Europe and Asia Pacific. The developing nations in Asia pacific, Middle East and Africa hold huge potential for growth in the global orthotic device market, owing to developing economies and technological advances

Orthotic Devices - Orthotic Splints and Orthopedic Braces and Support Market: Key Players

Some of the key participating players in the orthotic devices global market are DeRoyal Industries, Otto Bock Holding GmbH& Co., Bauerfeind AG, DJO Inc. and others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Australia & New Zealand)
Japan
Middle East and Africa (S. Africa, N. Africa)