The global Orthotic Devices market was valued at 353.75 Million USD in 2021 and will grow with a CAGR of 4.21% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Orthotics is a specialty within the medical field concerned with the design, manufacture and application of orthoses. An orthostics device is an externally applied device used to modify the structural and functional characteristics of the neuromuscular and skeletal system.Under the International Standard terminology, orthoses are classified by an acronym describing the anatomical joints which they contain. For example, an ankle foot orthosis (`AFO`) is applied to the foot and ankle, a thoracolumbosacral orthosis (`TLSO`) affects the thoracic, lumbar and sacral regions of the spine. Upper-limb (or upper extremity) orthoses are mechanical or electromechanical devices applied externally to the arm or segments thereof in order to restore or improve function, or structural characteristics of the arm segments encumbered by the device. A lower-limb orthosis is an external device applied to a lower-body segment to improve function by controlling motion, providing support through stabilizing gait, reducing pain through transferring load to another area, correcting flexible deformities, and preventing progression of fixed deformities.

By Market Verdors:

Alvimedica

Saudi Pharmaceutical Industries & Medical Appliances Corporation

Itamar Medical

Alshifa Medical Syringes Manufacturing

Jamjoon Hospital Supply

By Types:

Orthopedic Braces and Support

Orthotic Splints

By Applications:

Hospital

Specialty Clinic

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

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