Orthopedic Orthotic Devices Market By Product (Upper Extremity Braces and Support, Lower Extremity Braces and Support and Orthotic Splints) - Growth, Future Prospects & Competitive Analysis, 2017 – 2025

Rising prevalence of chronic diseases such as osteoarthritis, spondylitis and osteoporosis etc. requiring effective bone alignment and support. Additionally the rising geriatric population with joint deformities and traumatic injuries will result in deep market penetration for the orthopedic orthotic devices. The limiting factors related to this market are the ineffective reimbursement policies deter the patients from availing orthotic devices for treatment and maintaining the orthotic devices such as cleaning, oiling etc. is a tedious job.

In accordance with the scope of the report, the products segment includes braces and support of upper extremity, braces and support of lower extremity and orthotic splints. Braces and support of upper extremity is further categorized as braces and support of elbow, braces and support of spinal, braces and support of shoulders, braces and support of wrist and braces and support of neck. Braces and support of lower extremity are further classified as braces and support of ankle, braces and support of hip and braces and support of knee. Orthotic splints are further sub segmented as lower extremity splints and upper extremity splints. The market estimation and forecast for the duration of 2015-2025 is included in the report.

In accordance with the scope of the report the geography segment comprising of major countries is categorized as:

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Latin America
  • Mexico
  • Brazil
  • Rest of LATAM
• Middle East and Africa
  • GCC
  • Rest of Middle East and Africa
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A brief understanding regarding the scope of the report has been elucidating by specifically focusing on the competition currently observed among the companies who have tremendous influence on the orthopedic orthotic devices market. Competitive landscape has been beneficial in understanding the competition. Porters five forces model has been useful in providing insights regarding business dynamics of orthopedic orthotic devices market. The market leaders in global orthopedic orthotic devices market are Ossur, Ottobock, Ltd., Ascent Meditech Limited, Bauerfeind AG, Breg, Inc., BSN Medical, ALCARE Co., DeRoyal Industries, Inc., DJO Global, and Truelife.

For the purpose of this study, the global orthopedic orthotic devices market is categorized into the following regional and country specific markets:

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC
  • Rest of Middle East and Africa

According to the Center for Disease Control and Prevention 2015 statistics approximately 30 million U.S. adult population is suffering with osteoarthritis. The factors responsible for the dominance of North America is due to rising prevalence of osteoporosis, osteoarthritis etc., existence of well-developed healthcare centers and presence of major players engaged in manufacture of orthopedic orthotic devices products. The market growth in Europe is mainly attributed to increase in geriatric population suffering with bone deformities requiring effective support and braces for bone structure alignment and supportive regulatory environment for the orthopedic orthotic devices. Increasing number of elderly patients suffering with grade 3 osteoarthritis and fast track approval for the orthopedic orthotic devices will render Asia Pacific region to record steadfast growth.