Published Date: 18-Nov-2021
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According to a new report Global Hip Orthosis Market, published by KBV research, The Global Hip Orthosis Market size is expected to reach $606.9 Million by 2027, rising at a market growth of 6.9% CAGR during the forecast period.
The adult segment is anticipated to be largest revenue contributor to the hip orthosis market during the forecast period. The growth of the segment is attributed to the growing aging population across the world. The geriatric population is highly prone to orthopedic injuries in comparison to children and the young generation. Hence, there is a significant surge witnessed in the number of adults going for orthosis and prosthetics treatment.
In 2020, the hip abduction segment procured a major market share of the hip orthosis market and would showcase a promising growth rate during the forecast period. Hip abduction refers to the movement of the leg in to-and-fro motion in which the leg moves away from the midline of the body. The human body does this action every day while walking or running.
The North America market dominated the Global Hip Orthosis Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $253.8 million by 2027, growing at a CAGR of 5.7 % during the forecast period. The Europe market is experiencing a CAGR of 6.1% during (2021 - 2027). Additionally, The Asia Pacific market is estimated to grow at the highest CAGR of 8.9% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/hip-orthosis-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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