LAMEA Orthopedic Orthotics Market By Posture (Static Orthotic Manufacturing, Dynamic Orthotic Manufacturing), Manufacturing (Prefabricated Orthotic Devices, Custom-fitted Orthotic Devices, Custom-fabricated Orthotic Devices), Human Anatomical Region (Upper Limb Orthotic Devices - Shoulder, Elbow, Hand & Wrist; Lower Limb Orthotic Devices - Foot & Ankle, Knee, Hip; Spinal Orthotic Devices
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Market Report Description
The LAMEA Orthopedic Orthotics Market would witness market growth of 7.7% CAGR during the forecast period (2017-2023). Orthotics is a field dealing with design and construction of orthoses, an external support that modifies, controls or immobilizes movements. Orthoses assists in correcting muscle and joint by restricting and aligning bones. Orthopedic orthoses are generally prescribed in instances of deformity caused due to accidents, trauma, osteoarthritis, birth defects or sports injury. Orthoses could be prefabricated or customized to fit custom requirements.
Orthoses devices are generally made of plastic or graphite, due to flexibility offered by these materials, and at the same time restricting abnormal movements. Neoprene is also popular in soft braces as it provides comfort and is also has easy applications. Technological advances such as computer assisted design (CAD) and 3D printing have contributed to the growth of the personalized orthoses. Customized devices have the potential to deliver better results, as compared to pre-fabricated devices. The market for custom orthoses is rapidly growing due to changing customer preferences which is because of increasing disposable income, and growing awareness about medical services. Growing trend of physical fitness in baby boomers has led to more number of hospital visits for muscle pain and other skeletal muscular problems.
Based on Posture, the market report segments the market into Static Orthotic Devices, Dynamic Orthotic Devices, and Other Orthotic Devices. The Manufacturing segment covered under the report includes Prefabricated Orthotic Devices, Custom-fitted Orthotic Devices, and Custom-fabricated Orthotic Devices. Based on Human anatomical region, the market is segmented into Upper Limb Orthotic Devices, Lower Limb Orthotic Devices, and Spinal Orthotic Devices. The report also covers country wise segmentation of Orthopedic Orthotics market. The countries included in the report are Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the LAMEA Orthopedic Orthotics Market. Key companies profiled in the report include DJO Global, Inc., Ottobock, Breg Inc., Ossur, DeRoyal Industries, Medi, Biomet, Inc., Nakamura Brace Co. Ltd., Thuasne SA, and Aspen Pharmacare Holdings Limited.