Orthopedic Orthotic Trends and Forecast
The future of the global orthopedic orthotic market looks promising with opportunities in the neuromuscular & musculoskeletal disorder, sports injury and fracture markets. The global orthopedic orthotic market is expected to reach an estimated $7.0 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are increasing prevalence of bone injuries, rising geriatric population, and growing incidence of arthritis.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Orthopedic Orthotic by Segment
The study includes a forecast for the global orthopedic orthotic by product, material, application, and region.
Orthopedic Orthotic Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Lower-Limb Orthotics
• Upper-Limb Orthotics
• Spine Orthotics
• Others
Orthopedic Orthotic Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Carbon Fibres
• Rubber
• Metal
• Plastic
• Others
Orthopedic Orthotic Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Neuromuscular & Musculoskeletal Disorders
• Sports Injuries
• Fractures
• Others
Orthopedic Orthotic Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Orthopedic Orthotic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies orthopedic orthotic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the orthopedic orthotic companies profiled in this report include-
• Hanger
• DJO Global
• Fillauer
• Ossur Corporate
• Ottobock
• Basko Healthcare
• Bauerfeind
• Breg
• DeRoyal Industries
• BSN Medical
Orthopedic Orthotic Market Insights
Lucintel forecasts that spine orthotic is expected to witness the highest growth over the forecast period due to simplicity in recovering from spine surgery, disorders, and general back pain.
Within this market, neuromuscular & musculoskeletal disorder will remain the largest segment due to growing number of people embracing painless orthopedic surgery treatment methods.
North America will remain the largest region over the forecast period due to increase in the use of orthopedic orthotics for pain management in the elderly population.
Features of the Global Orthopedic Orthotic Market
Market Size Estimates: Orthopedic orthotic market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Orthopedic orthotic market size by product, material, application, and region in terms of value ($B).
Regional Analysis: Orthopedic orthotic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, materials, applications, and regions for the orthopedic orthotic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the orthopedic orthotic market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the orthopedic orthotic market size?
Answer: The global orthopedic orthotic market is expected to reach an estimated $7.0 billion by 2030.
Q2. What is the growth forecast for orthopedic orthotic market?
Answer: The global orthopedic orthotic market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the orthopedic orthotic market?
Answer: The major drivers for this market are increasing prevalence of bone injuries, rising geriatric population, and growing incidence of arthritis.
Q4. What are the major segments for orthopedic orthotic market?
Answer: The future of the orthopedic orthotic market looks promising with opportunities in the neuromuscular & musculoskeletal disorder, sports injury and fracture markets.
Q5. Who are the key orthopedic orthotic market companies?
Answer: Some of the key orthopedic orthotic companies are as follows:
• Hanger
• DJO Global
• Fillauer
• Ossur Corporate
• Ottobock
• Basko Healthcare
• Bauerfeind
• Breg
• DeRoyal Industries
• BSN Medical
Q6. Which orthopedic orthotic market segment will be the largest in future?
Answer: Lucintel forecasts that spine orthotic is expected to witness the highest growth over the forecast period due to simplicity in recovering from spine surgery, disorders, and general back pain.
Q7. In orthopedic orthotic market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increase in the use of orthopedic orthotics for pain management in the elderly population.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the orthopedic orthotic market by product (lower-limb orthotics, upper-limb orthotics, spine orthotics, and others), material (carbon fibres, rubber, metal, plastic, and others), application (neuromuscular & musculoskeletal disorders, sports injuries, fractures, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Orthopedic Orthotic Market, Orthopedic Orthotic Market Size, Orthopedic Orthotic Market Growth, Orthopedic Orthotic Market Analysis, Orthopedic Orthotic Market Report, Orthopedic Orthotic Market Share, Orthopedic Orthotic Market Trends, Orthopedic Orthotic Market Forecast, Orthopedic Orthotic Companies, write Lucintel analyst at email:Â helpdesk@lucintel.com. We will be glad to get back to you soon.