North America Hip Orthosis Market By Age Group (Adults, Children, and Infants), By Product Type (Hip Abduction, Range of Motion, Sacroiliac (Si) Belt, and Hernia Belt), By Mobility (Wearable and Fixed), By Application (Osteoarthritis, Congenital Dysplasia of the Hip, Coxa Valgum, Hip Fracture, Hip Dislocation, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the North America Hip Orthosis Market
Market Report Description
The North America Hip Orthosis Market would witness market growth of 5.7% CAGR during the forecast period (2021-2027).
The hip orthosis treatment focuses on giving knee stability, control the biomechanical alignment of the hip, knee, and pelvis in locomotion, redistribute pressures on the hip & pelvis, limit excessive movements in the hip & pelvis, provide shock absorption, produce a more energy-efficient gait pattern, protect the hip & pelvis, resist external forces on the hip & pelvis, aid in adaption to surfaces, prevent knee hyperextension, and provide hip & pelvic stability while standing, sitting, and laying down.
Technological advancements like the anterior approach for total hip replacement, surging number of road accidents, increase in the incidence of musculoskeletal conditions, and growing geriatric population are some of the major factors boosting the growth of the hip orthosis market. Additionally, a large number of patients are becoming aware of the advantages of hip orthosis treatment and moving to this treatment in order to reduce the effect of hip displacement disorder. This shift towards hip orthosis treatment is majorly witnessed in emerging nations which would create new growth opportunities for the market. Further, healthcare infrastructure is evolving and developing in emerging nations which is estimated to drive the growth of the hip orthosis market in the upcoming years. On contrary, changes in reimbursement policies and the high cost of the treatment are some factors that are expected to slow down the demand and growth of the hip orthosis in the market.
The hip orthosis market would witness prominent growth in North America. The presence of key market players and favorable healthcare infrastructure are the factors accountable to drive the growth of the regional market. In addition, the growing number of road & sports injuries and the rising incidences of osteoarthritis & osteoporosis are creating lucrative opportunities for the growth of the regional market.
Additionally, governments in this region are taking several supportive initiatives and offering reimbursement policies for patients. Moreover, the surge in demand for hip orthosis is witnessed, owing to the growing number of hip disorder cases in North America. Thus, it is projected that this factor would accelerate the demand and growth of the hip orthosis in the regional market in the coming years.
The US market dominated the North America Children Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $61.8 million by 2027. The Canada market is showcasing a CAGR of 8.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 7.4% during (2021 - 2027).
Based on Age Group, the market is segmented into Adults, Children, and Infants. Based on Product Type, the market is segmented into Hip Abduction, Range of Motion, Sacroiliac (Si) Belt, and Hernia Belt. Based on Mobility, the market is segmented into Wearable and Fixed. Based on Application, the market is segmented into Osteoarthritis, Congenital Dysplasia of the Hip, Coxa Valgum, Hip Fracture, Hip Dislocation, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Hip Orthosis Market is Estimated to reach $606.9 Million by 2027, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Restorative Care of America, Inc. (RCAI), DJO Global (Colfax Corporation), Bauerfiend AG, Steeper Group, Innovation Rehab Ltd., Hanger, Inc. (Hanger Clinic), Becker Orthopedic, Ottobock SE & Co. KGaA, and össur.
Scope of the Study
Market Segments Covered in the Report:
By Age Group
By Product Type
- Hip Abduction
- Range of Motion
- Sacroiliac (Si) Belt
- Hernia Belt
- Congenital Dysplasia of the Hip
- Coxa Valgum
- Hip Fracture
- Hip Dislocation
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Restorative Care of America, Inc. (RCAI)
- DJO Global (Colfax Corporation)
- Bauerfiend AG
- Steeper Group
- Innovation Rehab Ltd.
- Hanger, Inc. (Hanger Clinic)
- Becker Orthopedic
- Ottobock SE & Co. KGaA
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free