There were 516 press releases posted in the last 24 hours and 159,971 in the last 365 days.

Orthotic Devices Market is anticipated to hit $5.10 billion by 2023 at a CAGR of 6.00%

Orthotic Devices Market

Americas region holds the largest market share and growth in the Orthotic Devices Market, and is anticipated to reach $2.2 billion by 2023 at a CAGR of 5.5%.

HYDERABAD, TELANGANA, INDIA, June 8, 2018 /EINPresswire.com/ -- According to the new market research report by IndustryARC titled “Orthotic Devices Market: By Type (Knee Braces & Supports, Ankle Braces & Supports Upper Extremity Braces & Supports and Others); By Application (Injuries, Chronic Diseases, Disabilities, Pediatrics); By Geography - (2013-2020)”, the market is driven by the rising demand of Orthotic devices due to rapidly aging populace.

Americas held the largest market share in the Orthotic Devices Market

Americas region holds the largest market share and growth in the Orthotic Devices Market, and is anticipated to reach $2.2 billion by 2023 at a CAGR of 5.5%. However, APAC will witness highest growth rate during the forecast period, and is expected to reach $1.04 billion by 2023 at a CAGR of 9.20%. Americas Orthotic Devices Market is mainly driven by the increased incidence of chronic diseases that include diabetes, arthritis, and cancer. The key end users in this region include injuries, chronic diseases, support applications, disabilities, and pediatrics.


Selected Value Chain Analysis done in the full report
There are variable stakeholders in global Orthotic devices market and are listed below:
Research Institutes
Raw material suppliers
Original equipment manufacturers
Contract manufacturers
Service providers
Distributors
Wholesalers
Health Insurance Players
Retailers
The quality of devices manufactured, depends on both the production process as well as the raw materials used. Once the design, product features, specifications and patent filing are finished, the company starts the manufacturing process either through its own R&D activities, or licensing agreements with research institutes or universities. The company procures a variety of raw materials to fabricate Orthotic devices from suppliers, or produces raw materials on their own. Then, company manufactures the Orthotic devices at their own factory or outsources the production process to a third-party manufacturer. The packaged Orthotic devices are then distributed to wholesalers or retailers through global or regional distributors.

To access / purchase the full report browse the link below
https://industryarc.com/Report/163/orthotic-devices-market.html

Excerpts on Market Growth Factors
Growing incidence of chronic diseases, and disabilities are the major growth drivers for Orthotic devices market.

Other key drivers include rapid urbanization and associated lifestyle diseases.
The custom made Orthotic devices are expected to reach $2.7 billion by 2020 at a CAGR of 7.3%.
The Asia Pacific market for Orthotic devices will show promising growth, owing to technological advances in bulk manufacturing of OTC orthotics as well as in the design and fabrication of custom-orthotic devices.
The changes in world demography along with high incidence of chronic diseases such as diabetes, cardiovascular diseases and other musculoskeletal disorders will result in an increased demand for efficient and affordable Orthotic devices, thereby driving the growth of the market.
The prefabricated OTC devices market is estimated to reach $1.62 billion by 2020 at a CAGR of 4.2%.

Talk to one of our sales representative about the full report by providing your details in the below link:
https://industryarc.com/support.php?id=163

Key players of Orthotic Devices Market
The market share of key players in the Orthotic devices market is analyzed by considering their shares in each segment. These companies leveraged their capabilities, product portfolio, vast distribution channels and funds to significantly expand their presence in this industry, in terms of revenue as well as geography.
Major players in the market such as Otto Bock Holding, Össur and Bauerfeind are actively involved in the evolution of the global patent scenario. These companies have been constantly investing in R&D for innovative methods of designing orthotics as well as novel Orthotic devices.
The key players were issued the highest number of patents during the period, mainly due to increased R&D spending over the past five years.
Other companies such as DJO Global Inc; Össurhf, Otto Bock Holding, Bauerfeind AG, DeRoyal Industries, DM Orthotics Ltd., Aspen Medical Products, Biomet Inc. and Bledsoe Brace System/ Medical Technology Inc. played a significant role in the evolution of the global patent scenario for Orthotic devices.

The key market players dictate the pricing of the products and hence, the Orthotic devices might not be affordable and accessible to all the users.
Orthotic Devices Market is segmented as indicated below
Orthotic Devices Market Market By Method of Manufacturing:
1.Prefabricated Over-The-Counter (Oct.) Orthotic Devices
2.Custom Orthotic Devices
Orthotic Devices Market By Type of Device
1.Knee Braces and Supports
2.Ankle Braces and Supports
3.Upper Extremity Braces and Supports
4.Spinal Braces and Supports
5.Foot Insoles Market
Orthotic Devices Market By End-User Applications
1 Injuries
2 Chronic Diseases
3 Support Applications
4 Disabilities
5 Pediatrics
Orthotic Devices Market By Geography (Covers 12 + Countries)
Orthotic Devices Market By Entropy
Companies Cited/Referenced/Interviewed:

1.The Foot Laboratories
2.Doctorinsole
3.Bayer Healthcare
4.Solescience Inc;
5.Cascade Dafo, Inc;
6.Emkiro Inc;
7.Flexor S.A.
8.Comfortfit Orthotic Labs Inc;
9.Marathon Orthotics Inc;
10.Kintec Lab Services
11.Aetrex Worldwide Inc;
12.Acor Orthopaedic, Inc;
13.Solo Laboratories Inc;
14.Footmindbody
15.Sols Systems
16.Amfit Inc;
17.Footbalance System Ltd;
18.Zimmer Holdings Inc;
19.Tynor Orthotics Pvt Ltd;
20.Townsend Design

Related Reports
A.Foot Orthotic Insoles Market
https://industryarc.com/Report/7488/foot-orthotic-insoles-market.html

B.Foot and Ankle Device Market
https://industryarc.com/Report/9590/foot-ankle-devices-market.html

What can you expect from the report?
The Orthotic Devices Market is Prepared with the Main Agenda to Cover the following 20 points:
1.Market Size by Product Categories
2.Market trends
3.Manufacturer Landscape
4.Distributor Landscape
5.Pricing Analysis
6.Top 10 End user Analysis
7.Product Benchmarking
8.Product Developments
9.Mergers & Acquisition Analysis
10.Patent Analysis
11.Demand Analysis (By Revenue & Volume)
12.Country level Analysis (15+)
13.Competitor Analysis
14.Market Shares Analysis
15.Value Chain Analysis
16.Supply Chain Analysis
17.Strategic Analysis
18.Current & Future Market Landscape Analysis
19.Opportunity Analysis
20.Revenue and Volume Analysis


Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirement. You can drop in an e-mail to sales@industryarc.com to discuss more about our consulting services.

To request for a proposal provide your details in the below link:
https://industryarc.com/subscription.php

Venkat Reddy
IndustryARC
6145888538
email us here