Albany, NY -- (SBWIRE) -- 10/02/2018 -- The global orthopedic orthotics market is envisaged to create a lucrative opportunity for the growth of the market during the forecast period 2018-2025. Sure in musculoskeletal and neuromuscular disorders along with hip fractures across world has aided the market to grow at a stupendous rate, notices ResearchMoz.us. In a report titled, "Global Orthopedic Orthotics Market Professional Survey Report 2018", which is put for sale on ResearchMoz.us website, provide an in depth dissect of the market, which helps the readers to comprehend with the intricacies of the market. The report also provides various potential aspect such as trends, opportunities, and restraints which are anticipated to have a tremendous impact on the market. The report also provides company profiles of major players in the market.
Orthotic devices consists of splints, braces and other artificial devices which are majorly used for treating lower and upper extremities, especially for patients with spine bifida, multiple sclerosis, and muscular dystrophy. Rise in geriatric population who are more susceptible to osteoarthritis and osteoporosis, and other bone disorders are helping the market to grow. Change in lifestyle, which aids in uptake of sports activities in order to stay fit is reported to rise bone injuries case throughout the globe which in turn have augmented the market growth.
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Rise in cases of arthritis is the major driver of the market which is making the manufacturers to tune up their production level in order to match the demand. Apart from these the rise in road accidents due to rapid growth of automotive industry has helped pushed the market flow in the positive direction. However, it has been noticed that high cost required for customized orthtic devices are predicted to blow the healthy CAGR of the global orthopedic orthotics market.
On the basis of product, the global orthopedic orthotics market is segregated into lower-limb orthoses, upper-limb orthoses, and spinal orthoses. Among these, lower limb orthotics segment accounted for the major share in the market in terms of revenues. However, the spine orthotics segment is likely to become the fastest growing market, owing to spine disorders, easy recovery from spine surgery, back pain, etc. This has recently gained a lot of popularity. On the basis of application the market split into clinics, hospitals, and home care. Hospitals and clinics are likely to witness major footfall due to the presence of specialized pain management services. Rise in number of multinational hospital chains have aided the market to grow significantly.
On the basis of region the market is segregated into North America, Europe, Asia Pacific, and Rest of the world. Europe and North America held the major share of the market and is likely to keep the lead in years to come. High spending on health, rise in preference of invasive treatment, accompanied with adoption of digital platforms for pain management is helping the region to grow. Some of the major players in the market are Adhenor, DJO Global, DeRoyal Industries, Aspen, and Thusane.