DUBLIN--(BUSINESS WIRE)--Oct 26, 2022--
The "Orthopedic Orthotics: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Orthopedic Orthotics Market to Reach $4.6 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Orthopedic Orthotics estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2027, growing at a CAGR of 6.5% over the analysis period 2020-2027. Lower-Limb Orthotics, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$1.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Upper-Limb Orthotics segment is readjusted to a revised 6.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $813.5 Million, While China is Forecast to Grow at 10.4% CAGR
The Orthopedic Orthotics market in the U.S. is estimated at US$813.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 10.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.
Spine Orthotics Segment to Record 7.1% CAGR
In the global Spine Orthotics segment, USA, Canada, Japan, China and Europe will drive the 6.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$471.9 Million in the year 2020 will reach a projected size of US$740.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$634.2 Million by the year 2027, while Latin America will expand at a 7.6% CAGR through the analysis period.
Select Competitors (Total 99 Featured) -
- Basko Healthcare
- Bauerfeind AG
- BREG, Inc.
- BSN Medical GmbH
- DJO Global, Inc.
- Fillauer LLC
- Hanger, Inc.
- Ossur HF
- Ottobock SE & Co. KGaA
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Companies Mentioned
- Basko Healthcare
- Bauerfeind AG
- BREG, Inc.
- BSN Medical GmbH
- DJO Global, Inc.
- Fillauer LLC
- Hanger, Inc.
- Ossur HF
- Ottobock SE & Co. KGaA
For more information about this report visit https://www.researchandmarkets.com/r/xdl7oz
View source version on businesswire.com:https://www.businesswire.com/news/home/20221026005943/en/
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