Consolidation of Market Leaders To Create Significant Growth Challenge For Smaller Companies

Orthotic Devices Market Analysis: By Type (Knee Braces & Supports, Ankle Braces & Supports Upper Extremity Braces & Supports and Others), By Application (Injuries, Chronic Diseases, Disabilities, Pediatrics) - With Forecast (2015 -2020) MarketIntelReports newly published a research report on Global Orthotic Devices Market with covering detailed analysis on market segmentation, global notable vendors, geographical outlook, price & financial updates, segment & application approach and future forecasts.

Published on – 15 July, 2015 | Number of pages : 615 Single User Price: $4250

The Report “Orthotic Devices Market - By Type (Knee Braces & Supports, Ankle Braces & Supports Upper Extremity Braces & Supports and Others), By Application (Injuries, Chronic Diseases, Disabilities, Pediatrics) and By Geography, Forecast 20152020�, Published by MarketIntelReports, Manufacturing Innovations & Increasing Awareness towards Orthopedic Ailments Will Drive Orthotic Devices to a $4 Billion plus Market by 2020 The global orthotics market can be segmented on basis of method of manufacturing, type and end user applications. By method of manufacturing, the market can be divided into prefabricated, over-the-counter and custom orthotic devices. Various types of orthotic devices are used such as knee braces and supports, ankle braces and supports, spinal braces and supports and others. These are mainly used for injuries, chronic diseases, disabilities and for other problems.

The crucial driving factors accelerating the market are rapid increase in aging population; high incidence of chronic diseases and disabilities and rise in sport injuries. Another factor propelling the market is growing awareness among the people about orthotic devices.

Orthotic Devices – Market Forces Market Drivers Rapidly Aging Population To Increase Demand For Orthotic Devices Growing Incidence of Chronic Diseases To Drive the Growth of Orthotics Market Rapid Urbanization And Associated Lifestyle Diseases Drive The Demand For Orthotic Supports Disabilities To Spur The Adoption of Orthotic Devices Increased Focus On Improving Quality of Life Innovations In Production And Modeling Technologies Growing Awareness Towards Orthopedic Ailments Rise In Sports Injuries To Drive The Sales of braces And Supports Market Restraints Cultural Inhibitions To Restrict Large-Scale Use of Orthotics High Cost of Custom-Made Orthotic Devices Growth In Minimally Invasive Surgeries To Dampen The Use of Orthotic Devices Market Challenges Healthcare Budget Restraints To Challenge The Growth of Orthotic Device Market Poor Healthcare Reimbursement And Payment Models To Hamper The Adoption of Orthotics Consolidation of Market Leaders To Create Significant Growth Challenge For Smaller Companies

North America is the dominant market of orthotic devices and will continue to lead the market in future. The major trend driving the market in this region is increase in incidences of chronic diseases that includes diabetes, arthritis and cancer. Europe followed by APAC are the other leading region of the market. The major driving factor for growth of this market in Europe is rapidly aging population as well as availability of a wide patient pool requiring urgent orthotic support and attention. APAC has population account for over half of world’s aged population. Thus, this region is the fastest emerging market.

The key players of the market are: DJO Global Inc. (U.S.) Otto Bock Holding GmbH & Co. KG (Germany) Ossur hf. (Iceland) Bauerfeind AG (Germany) DeRoyal Industries, Inc. (U.S.).

The data has been gathered from primary and secondary sources. The overall market has been analyzed on basis of shipment volumes of knee braces and supports, ankle braces and supports, upper extremity braces and supports, foot insole and spinal braces and supports.

The market values are also calculated on basis of different chronic diseases, injuries and disabilities following the epidemiology model.

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Key questions answered in this report • What will the market size be in 2020 and what will the growth rate be?

• What are the key market trends?

• What is driving this market?

• What are the challenges to market growth?

• Who are the key vendors in this market space?

• What are the market opportunities and threats faced by the key vendors?

• What are the strengths and weaknesses of the key vendors?

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Orthotic Devices Market Analysis: By Type (Knee Braces & Supports, Ankle Braces & Supports Upper Extremity Braces & Supports and Others), By Application (Injuries, Chronic Diseases, Disabilities, Pediatrics) - With Forecast (2015 -2020) A detailed qualitative analysis of the factors responsible for driving and restraining growth of the Global Orthotic Devices Market and future opportunities are provided in the report.

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