AP NEWS

Global Orthopedic Orthotics Market Analysis & Industry Forecast 2017-2023, With an Expected CAGR of 5.8% - ResearchAndMarkets.com

June 14, 2018

DUBLIN--(BUSINESS WIRE)--Jun 14, 2018--The “Orthopedic Orthotics Market by Posture, Anatomical Region and Manufacturing - Global Opportunity Analysis and Industry Forecast, 2017-2023” report has been added to ResearchAndMarkets.com’s offering.

The global orthopedic orthotics market was valued at $3,130 million in 2016, and is projected to reach $4,658 million by 2023, growing at a CAGR of 5.8% from 2017 to 2023.

Orthotics is a specialized medical field that includes construction and design of orthotic device braces, splints, and other artificial external devices used to support the spine or limbs or to assist/prevent relative movements. Orthotic devices are commonly used to treat conditions of the upper and lower extremities, frequently for patients with spina bifida, muscular dystrophy, and multiple sclerosis. Furthermore, these devices aid in recovery of patients suffering congenital conditions, trauma injury, postoperative, osteoarthritis care, and other conditions.

The growth of the global orthopedic orthotics market is driven by surge in geriatric population and rise in prevalence of osteoporosis, osteoarthritis, and other bone disorders. Furthermore, rise in prevalence of bone injuries and increase in sports-related injuries due to growing physical health consciousness fuel the market growth. However, high costs associated with customized orthotic devices impede this growth.

The global orthopedic orthotics market is segmented on the basis of posture, anatomical region, manufacturing, and region. Based on posture, it is categorized into static orthotic device, dynamic orthotic device, and other orthotic devices. On the basis of anatomical region, the market is divided into upper limb orthotic devices, lower limb orthotic devices, and spinal orthotic devices. Based on the manufacturing, it is classified into prefabricated orthotic devices, custom-fitted orthotic devices, and custom-fabricated orthotic devices.

Companies Mentioned:

Bauerfeind AG Breg, Inc. BSN Medical DeRoyal Industries, Inc. DJO Global Ossur Ottobock Truelife Hanger, Inc. Fillauer LLC

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Executive Summary

Chapter 3 Market Overview

Chapter 4 Orthopedic Orthotics Market, By Anatomical Region

Chapter 5 Orthopedic Orthotics Market, By Posture

Chapter 6 Orthopedic Orthotics Market, By Manufacturing

Chapter 7 Orthopedic Orthotics Market, By Region

Chapter 8 Company Profile

For more information about this report visit https://www.researchandmarkets.com/research/kn2wrk/global_orthopedic?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180614005442/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Orthopedic Devices

KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA

INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/14/2018 05:31 AM/DISC: 06/14/2018 05:31 AM

http://www.businesswire.com/news/home/20180614005442/en

AP RADIO
Update hourly