Orthotic Devices Market Recent Trends, Business Opportunities and Market Growth till 2019-2027

                                                                               
Orthotic devices are commonly used to treat arthritis, musculoskeletal and orthopaedic disorders, abnormal posture alignment, and deformities, among other things.

             Orthotic Devices Market


Orthotic devices are commonly used to treat arthritis, musculoskeletal and orthopaedic disorders, abnormal posture alignment, and deformities, among other things. Externally, these devices aid in the correction of any abnormalities or biomechanical alignment of the body.

The ageing population prone to osteoporosis, osteoarthritis, and other bone disorders, increased bone injury prevalence, and increased sport-related problems are driving the rise in demand for orthotic devices. Globally, the use of orthotic devices will be encouraged as people seek alternatives to surgical deformity correction and pain management. Furthermore, advancements in this industry are making orthotic devices more accessible and affordable. The growing geriatric population around the world is one of the major factors driving the orthotic devices market. Improving healthcare facilities and disposable incomes have been critical factors in improving overall quality of life and life expectancy. The elderly are predisposed to a variety of bone-related disorders and degenerative bone diseases.

The presence of key players and their collaborations with other companies are expected to drive the growth of the global orthotic devices market. For example, in 2018, Bauerfeind USA, Inc., an orthopaedic brace manufacturer, formed a distribution partnership with AliMed, Inc. Furthermore, the primary goal of this collaboration was to provide customers with the highest quality orthotic product for patient comfort.


Market Segmentation:

On the basis of type
  • Lower Limb Orthotic Devices
  • Hand & Wrist Orthotic Devices
  • Spinal Orthotic Devices
  • Others

On the basis of application
  • Deformity
  • Functional Recovery
  • Others
The key players operating in the global orthotic devices market include Aspen Pharmacare Holdings Limited, Zimmer Biomet, Chas A Blatchford & Sons, Össur Corporate, Ottobock, The Ohio Willow Wood, SP Ultraflex Systems Pvt. Ltd., Howard Orthopedics, Inc., Bauerfeind USA, Inc, and Touch Bionics, Inc.

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