1 / 7

Orthotic Devices Market is anticipated to hit $5.10 billion by 2023 at a CAGR of 6.00%.

Orthotic device market is valued $1,429.5 million in the year 2017 and is anticipated to grow with a CAGR of 4.2% from the year 2018 to 2023. Orthotic devices is segmented based on the methods of manufacturing where custom devices are widely used devices followed by the prefabricated OTC which are having the market share of $2,180 and $1,490 million in the year 2017 and is expected to grow with a CAGR of 7.3% and 4.2% during 2018 to 2023.

srikanthvilasarapu
Download Presentation

Orthotic Devices Market is anticipated to hit $5.10 billion by 2023 at a CAGR of 6.00%.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Orthotic Devices Market is anticipated to hit $5.10 billion by 2023 at a CAGR of 6.00%.

  2. Americas region holds the largest market share and growth in the Orthotic Devices Market, and is anticipated to reach $2.2 billion by 2023 at a CAGR of 5.5%. However, APAC will witness highest growth rate during the forecast period, and is expected to reach $1.04 billion by 2023 at a CAGR of 9.20%. Americas Orthotic Devices Market is mainly driven by the increased incidence of chronic diseases that include diabetes, arthritis, and cancer. The key end users in this region include injuries, chronic diseases, support applications, disabilities, and pediatrics. Contact : sales@industryarc.com

  3. Selected Analysis Done in the Full Report: The quality of devices manufactured, depends on both the production process as well as the raw materials used. Once the design, product features, specifications and patent filing are finished, the company starts the manufacturing process either through its own R&D activities, or licensing agreements with research institutes or universities. The company procures a variety of raw materials to fabricate Orthotic devices from suppliers, or produces raw materials on their own. Contact : sales@industryarc.com

  4. Selected Driving Factors Mentioned in the Full Report: • Growing incidence of chronic diseases, and disabilities are the major growth drivers for Orthotic devices market. • Other key drivers include rapid urbanization and associated lifestyle diseases. • The custom made Orthotic devices are expected to reach $2.7 billion by 2020 at a CAGR of 7.3%. • The Asia Pacific market for Orthotic devices will show promising growth, owing to technological advances in bulk manufacturing of OTC orthotics as well as in the design and fabrication of custom-orthotic devices. Contact : sales@industryarc.com

  5. Key Players of the Machine Othotic DevicesMarket Bayer Cropscience AG BASF SE Koppert Biological Systems Monsanto Company Camson Bio Technologies Limited And 15+ more Download Sample Report Contact : sales@industryarc.com

  6. You Can Customize the Report as Per Your Need. We have included Some Customization Options Company Profile Analyst Briefing Data Tables Key Contacts Contact : sales@industryarc.com

  7. About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact : sales@industryarc.com

More Related