Logo
Saturday, 20 April 2024
Friday, 01 Dec 2023 12:00 am

Orthotic Aids Market is expected to reach US$ 7,282.00 million by 2030

The global orthotic aids market size is estimated to grow from US$ 4,021.94 million in 2022 and to reach a value of US$ 7,282.00 million by 2030.

By The Insight Partners

Braces Segment to Lead Orthotic Aids Market Based on Product Type During 2022–2030

According to our new research study on “Orthotic Aids Market Forecast To 2030 – Global Analysis – by Product Type, Application, Distribution Channel, and Supplier Type,” the orthotic aids market size was valued at US$ 4,021.94 million in 2022 and is projected to reach US$ 7,282.00 million by 2030; the market is estimated to grow at a CAGR of 7.7% from 2022 to 2030. Key factors driving the orthotic aids market growth include the increasing prevalence of orthopedic conditions, and product launches, approvals, and business expansions by market players.

Functional knee braces with dynamic designs offer superior protection to knee joints after injuries or surgeries compared to conventional static functional knee braces. Recently developed dynamic posterior cruciate ligament (PCL) knee braces mitigate the impact of posterior translation of the tibia caused by an anterior force on the posterior proximal tibia. As a result, these braces help reduce unfavorable forces on the PCL and lessen the final posterior lag. Standard braces such as functional knee braces, unloader braces, and neoprene sleeves are being used more frequently in the treatment of chronic knee pain. They are also used to prevent injuries, accelerate recovery, and enhance physical and athletic performance. The widespread application of these braces is attributed to their consistent form for a long time. Although standard knee braces are widely used as a prevention and management aid against injuries and diseases, their primary purpose is to provide lateral stability or correct misaligned knee joint structures. These braces can go beyond structural support or alignment correction to increase leg muscular strength with technological advancements. Their application can improve knee joint function among healthy and injured people by employing modern technologies, making any movement—from basic daily tasks to weightlifting and cross-country skiing—easier.

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00030114

The knee extensor assist (KEA) design is an example of a new bracing technology. Recently, efforts have been made to address and improve the role of musculature in promoting healthy knee function through knee bracing with augmented assistive device technology. Improved muscle strength can improve performance in athletes, land-based arm forces, and manual laborers by lessening fatigue. Technological advancements in orthotics are expected to drive the growth of the orthotic aids market.

Based on product type, the orthotic aids market is categorized into braces, body belts, and others. The braces segment held the largest market share in 2022, and the same segment is estimated to register the highest CAGR during 2022–2030. Body belts such as back traction belts, elastic back braces, copper belts, back pain belts, and back braces are commonly used to treat joint sprain, muscle strain, and injuries. Most people are likely to experience back pain at some point in their lives. While injuries and illnesses are among several causes of back pain, a vast percentage of cases result from improper lifting of heavy objects and poor posture. Wearing a back brace is a common method of preventing back pain and improving posture. According to Cross River Therapy, 8 out of 10 Americans report having back issues at least once or more frequently in a year. As per the same source, 80 million workers, or 50% of all employed Americans, report back pain annually.

Ossur hf, Ottobock SE & Co KGaA, Thuasne SAS, Fillauer LLC, Lohmann & Rauscher GmbH & Co KG, DeRoyal Industries Inc, Hanger Inc, Steeper Group Holdings Ltd, Breg Inc, and DJO LLC are among the leading companies operating in the orthotic aids market.  

Based on application, the orthotic aids market is segmented into ligament injury repair, preventive care, osteoarthritis, compression therapy, and others. In terms of distribution channel, the market is divided into online and offline. The orthotic aids market, by supplier type, is bifurcated into branded and unbranded. Based on geography, the orthotic aids market is categorized into North America (US, Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia, Rest of Asia Pacific), South & Central America (Brazil, Argentina, and Rest of South & Central America), and the Middle East & Africa (Saudi Arabia, South Africa, UAE, and Rest of MEA).

 

Contact Us
Contact Us: The Insight Partners 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com


The Insight Partners :    https://www.theinsightpartners.com

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.


Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
© The News and Media Division of The Insight Partners 2024 | All Rights Reserved | Privacy Policy