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Orthopedic Orthotics Market to Incur Steady Growth by 2026

Orthotic devices include braces, splints, and other artificial external devices that are commonly used to treat conditions of the upper and lower extremities, frequently for patients with spina bifida, muscular dystrophy, and multiple sclerosis.

MangeshPanhale
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Orthopedic Orthotics Market to Incur Steady Growth by 2026

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Orthopedic Orthotics Market No. of Pages- 210 Global Opportunity Analysis and Industry Forecast, 2017-2023 Download Report Sample

  2. Global orthopedic orthotics market was valued at $3,130 million in 2016, and is projected to reach $4,658 million by 2023, growing at a CAGR of 5.8% from 2017 to 2023. Lower-limb orthopedic orthotic devices segment held more than two-fifths share of the total market in 2016. Orthopedic orthotic devices are used to support the spine or limbs or to assist/prevent relative movements. These devices can be braces, splints or other external devices which is commonly used by patients suffering from orthopedic disorders. Download Report Sample @ https://www.alliedmarketresearch.com/request-sample/2766 Orthopedic Orthotics Market Download Report Sample

  3. The major factors that contribute to the growth of the market include rise in geriatric population, which is at a higher risk of orthopedic diseases such as osteoporosis, arthritis and sclerosis. Moreover, rise in incidence of accident cases and sports injury in turn stimulates the use of optical fibers. However, the high cost of customized orthotic devices is expected to restrain the market growth. Spinal orthopedic orthotic devices segment is expected to witness the highest CAGR of 7.0% during the forecast period. This is primarily attributed to the increasing accident cases which lead to spine injuries. On the other hand, Lower-limb orthopedic orthotic devices generated the maximum revenue, accounting for more than two-fifths share of the global Orthopedic Orthotics Market in 2016. Asia-Pacific is projected to grow at the highest CAGR of 6.9% during the forecast period owing to improvement in healthcare infrastructures and rise in expenditures in emerging markets (such as India and China) to cater to the unmet medical needs. Inquire before buying @ https://www.alliedmarketresearch.com/purchase-enquiry/2766 Orthopedic Orthotics Market Download Report Sample

  4. The Major Key Players Are: • Bauerfeind AG • Breg, Inc. • BSN Medical • DeRoyal Industries, Inc. • DJO Global • Ossur • Ottobock • Truelife • Hanger, Inc. • Fillauer LLC. Orthopedic Orthotics Market Download Report Sample

  5. Key Findings of the Orthopedic Orthotics Market: • The prefabricated orthotic devices segment is expected to grow at a significant CAGR of 4.7%, during the analysis period, i.e., 2017-2023. • The upper limb orthotic devices segment is projected to grow at a CAGR of 6.1%. • Custom-fabricated orthotic devices contributed for more than half of the global orthopedic orthotics market in 2016. • The dynamic orthopedic orthotic devices segment is projected to grow at a CAGR of 6.1%. • Japan is the major shareholder, accounting for more than one-third share of the Asia-Pacific orthopedic orthotics market in 2016. Orthopedic Orthotics Market Download Report Sample

  6. Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Orthopedic Orthotics Market Download Report Sample

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