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Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
Global Orthotic Devices Market Analysis and Forecast (2014 -2020)
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Global Orthotic Devices Market Analysis and Forecast (2014 -2020)

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The global orthotic devices market has been segmented into prefabricated over-the-counter and custom-made devices. These segments are further classified by type of device, by area of fit/use, by end …

The global orthotic devices market has been segmented into prefabricated over-the-counter and custom-made devices. These segments are further classified by type of device, by area of fit/use, by end users, by method of manufacturing and by type of materials used, providing exhaustive value analysis for the years 2013, 2014 and forecast to 2020. The end user applications for the orthotics devices are segmented into five categories, namely, Injuries, Chronic diseases, Support applications for aging population and post-operative rehabilitation, disabilities and pediatric orthotics. Each segment of the orthotic device market is analyzed expansively at micro level by geography (North America, Europe, Asia Pacific and Rest of the World) to provide a detailed perspective on the global orthotic device market scenario.

According to the IndustryARC analysis, DJO Global, Inc. and Otto Bock Holding GmbH& Co. Kg dominated the competitive landscape of the global orthotic devices market in 2013. The top five companies together held a share of over 60% in the global market, with companies such as Össurhf, DeRoyal Industries, Inc. and Bauerfeind AG contributing to the market share.

The global orthotic devices market has shown three-fold growth with respect to the number of product launches between 2012 & 2014 (as of June 2014). By end of the year 2014, the total number of product launches is expected to cross 25, with majority of the new product lines focused on patient’s comfort, durability and cost-effectiveness. Major launches were by companies such as Orthofix International, Otto Bock, Össur, Otto Bock and Becker Orthopedic. The main features that were similar in all the recent launches were light-weight, low-friction and pain management technologies.

In 2013, the new products launched by the key players in the market were knee orthotics, foot correction orthotic insoles and arch liners, and other orthotics using light-weight materials and innovative fabrics. In March 2014, BauerfeindAG launched three new sports foot orthoses based on patented weightflex technology: ErgoPad ball & racket for ball and racket sports, ErgoPad run & walk for running and walking, and ErgoPad ski & skate for winter sports. In June 2014, Becker Orthopedic launched Stride4 Shadow, a lightweight, mechanical stance control KAFO. In May 2013, Otto Bock launched a new electronicknee Joint: 3E80 in India. In January 2014, Ottobock also launched Patella PRO Orthosis.

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  • 1. IndustryARC Global Orthotic Devices Market Analysis and Forecast (2014 -2020) By Type of Device (Pediatric, cervical/spinal, Upper extremity orthotics, Lower extremity orthotics); By Application (Prophylactic braces, Functional braces, Rehabilitation braces); By Method of Manufacturing (Prefabricated Over-the-counter, Biomechanical/Custom); By Method of Designing (Castings, Impressions, Gait/Balance Analysis); By Materials Used (Rigid, Soft, Semi-rigid) & By Geography
  • 2. 1. Global Orthotic Devices Market- Market Overview 2. Executive Summary 3. Global Orthotics Devices Market- Market Landscape 3.1.Market Share Analysis 3.2.Comparative Analysis 3.2.1. Product Benchmarking 3.2.2. Top 5 Financials Analysis 4. Global Orthotics Devices Market - Market Forces 4.1.Market Drivers 4.2.Market Constraints 4.3.Market Challenges 4.4.Attractiveness of the Industry 4.4.1. Power of Suppliers 4.4.2. Power of Customers 4.4.3. Threat of New entrants 4.4.4. Threat of Substitution 4.4.5. Degree of Competition 5. Global Orthotic Devices Market - Start-up Scenario 6. Global Orthotic Devices Market – Government Regulations 7. Global Orthotics Devices Market – Strategic Analysis 7.1. Value Chain Analysis 7.2.Pricing Analysis 7.3. Opportunities Analysis
  • 3. 7.4. Product/Market Life Cycle Analysis 8. Global Orthotics Devices Market - Market Classification 8.1. Global Orthotics Devices Market – By Device Type 8.1.1.Functional 8.1.1.1. Support Abnormalities 8.1.2.Accommodative 8.1.2.1. Braces 8.1.2.2. Splints 8.1.2.3. Gait Plate 8.1.2.4. Night Bars 8.1.2.5. Shoes 8.1.2.5.1. By Type of Texture 8.1.2.5.1.1. Rigid 8.1.2.5.1.2. Soft 8.1.2.5.1.3. Semi-rigid 8.1.2.5.2. Inserts 8.1.2.5.2.1. Arch Supports 8.1.2.5.2.2. Insoles 8.1.2.5.2.3. Heel Liners 8.1.2.5.2.4. Foot cushions 8.1.2.6. Boots 8.1.2.6.1. Walker Boots
  • 4. 8.1.2.6.1.1. Pneumatic Boots 8.1.2.6.1.2. Non- Pneumatic Boots 8.1.2.6.2. Unna Boots 8.1.2.7. Others 8.2. Global Orthotics Devices Market – By Fit /Area of Use 8.2.1.Cervical/Spinal Braces 8.2.2.Upper Extremity Orthotics 8.2.2.1. Upper-limb orthoses 8.2.2.1.1. Clavicular and shoulder orthoses 8.2.2.1.2. Arm orthoses 8.2.2.1.3. Functional arm orthoses 8.2.2.2. Elbow orthoses 8.2.2.3. Forearm-wrist orthoses 8.2.2.4. Forearm-wrist-thumb orthoses 8.2.2.5. Forearm-wrist-hand orthoses 8.2.2.6. Hand orthoses 8.2.2.7. Upper-extremity orthoses 8.2.3.Lower Extremity Orthotics 8.2.3.1. Foot orthoses 8.2.3.2. Ankle-foot orthosis (AFO) 8.2.3.2.1. Flexible AFO
  • 5. 8.2.3.2.2. Anti-talus AFO 8.2.3.2.3. Rigid AFO 8.2.3.2.4. Tamarack Flexure Joint AFO 8.2.3.3. Knee-ankle-foot orthosis 8.2.3.4. Knee orthosis 8.3. Global Orthotics Devices Market – By End User Application 8.3.1.Injuries 8.3.1.1. Sports 8.3.1.2. Accidents 8.3.2.Chronic Diseases 8.3.2.1. Diabetes 8.3.2.2. Arthritis 8.3.2.3. Others 8.3.3. Support Applications 8.3.3.1. Age 8.3.3.2. Post-operative 8.3.4. Disabled 8.3.5.Pediatric Orthotics 8.4. Global Orthotics Devices Market – By Method of Manufacturing 8.4.1. Prefabricated Over-the-counter 8.4.2. Biomechanical/Custom
  • 6. 8.4.2.1. Castings 8.4.2.2. Impressions 8.4.2.3. Gait/ Balance Analysis 8.4.2.4. Digital Scaling 8.5. Global Orthotics Devices Market – By Materials Used 8.5.1.Metal 8.5.2.Carbon fibers 8.5.3.Leather 8.5.4.Metals 8.5.5.Plastic 8.5.6.Plastic polymers 8.5.7.Rubber 8.5.8.Others 9. Global Orthotics Devices Market -Geographic Analysis 9.1.Introduction 9.2. North America 9.2.1. USA 9.2.2. Canada 9.2.3. Mexico 9.3.Europe 9.3.1.France 9.3.2.Germany
  • 7. 9.3.3.Italy 9.3.4.Spain 9.3.5.U.K 9.3.6.Others 9.4.Asia Pacific 9.4.1. Australia 9.4.2. China 9.4.3. India 9.4.4. Japan 9.4.5. Korea 9.4.6. Others 9.5. Rest of the World 9.5.1. South America 9.5.2.South Africa 9.5.3.Saudi Arabia 9.5.4.Russia 9.5.5. Others 10. Market Entropy 10.1. New Product Launches 10.2. M&As, Collaborations, JVs and Partnerships 11. Company Profiles (Overview, Financials, SWOT Analysis – Top 5 Companies, Developments, Product Portfolios) 11.1. Acor Orthopaedic, Inc. 11.2. Aetrex Worldwide, Inc.
  • 8. 11.3. Alcare Co. Ltd. 11.4. Allard USA Inc. – The Camp Group 11.5. Aspen Medical Products, Inc. 11.6. Basko Healthcare B.V. 11.7. Bauerfeind Ag 11.8. Becker Orthopedic Appliance Co. 11.9. Biomet Inc. 11.10. Bledsoe Brace Systems, Inc. - United Orthopedic Group 11.11. BSN Medical GmbH & Co. 11.12. Deroyal Industries, Inc. 11.13. DJO Inc. 11.14. DM Orthotics Ltd. 11.15. Hanger Prosthetics & Orthotics Inc. 11.16. Orthofix International NV 11.17. Össur HF 11.18. Ottobock Holding GMBH & Co. Kg 11.19. Townsend Design 11.20. Tynor Orthotics Pvt. Ltd. 11.21. Zimmer Holdings Inc. 12. Appendix 12.1. Abbreviations 12.2. Sources 12.3. Research Methodology 12.4. Bibliography
  • 9. 12.5. Compilation of Expert Insights 12.6. Disclaimer
  • 10. EXECUTIVE SUMMARY The market for Orthotic Devices has seen some changes in recent times. 2013 has witnessed a surge in the number of innovations in the orthotic device industry, owing to growing demand for affordable and efficient orthoses, and the development of modern modeling and manufacturing techniques for orthotic devices has revolutionized the industry, enabling automation of the industry up to a great extent. At present, the regulations for orthotic devices market should be synchronized across the world to ensure uniformity in their quality and safety. Manufacturers of orthotic devices in the developing countries are currently exploring new markets to reduce their manufacturing and operational costs. The nations which are currently targeted as potential production zone and market are countries in Asia Pacific, as the manpower supply is high, wages are low, and the number of users growing by leaps and bounds as time goes by. In the near future, innovations will include orthotic devices that can be printed and assembled by the patients themselves within the comfort of their homes. At present, the orthotics market is already experiencing novel modeling techniques and smart phone apps that allow patients to get diagnosed through their phone and simultaneously fabricate orthotic devices through a 3D printer. North America, in particular, is expected to be responsible for the majority of innovations and R&D activities, owing to both government and private funding. The global orthotic devices market is supposed to change its course in the coming years, with respect to a number of aspects, like new manufacturing methods, measurement and analysis techniques, and the type of materials used. According to an exhaustive research conducted by IndustryARC, the global orthotic devices market was around $4.8 billion in 2013, and this is expected to reach $7.33 billion by 2020, growing at a CAGR of 6.2% from 2014 to 2020, which is an impressive amount of money.
  • 11. According to IndustryARC, "The figure above shows the market revenue forecasting for period 2014-2020. In the global market, North America will contribute to largest share in the market, followed by Europe and Asia Pacific. North America’s lead position in the market can be attributed to highly developed economy and high incidence of chronic diseases and aging population.” This shows the steady growth of the market for Orthotic devices in the years to come, and the presence of USA in the same. Asia Pacific and Europe will become major players in the market soon, and countries like South America, the Middle East, and parts of Africa will be relatively low-key players with less than 10% of the total global market. Prefabricated devices form a major chunk of the orthotic devices market, and this segment is growing rapidly at a CAGR of 5.72%, and has been predicted to grow from $3.05bn in 2014 to about $4.25bn by 2020, and this rate is quite considerable. These devices are available widely, and they do not require a licensed orthotist’s prescription to be procured. There are two major types of prefabricated devices – over-the-counter (which are pre-made and can be used by anyone) and customized. The former appeal to a lot of customers because they promise to be a quick and easy solution which can be bought without a doctor’s prescription. With the growth of new, cost- effective strategies for creating biomechanical orthotics and adding cost-effective strategies, custom- made orthoses is now becoming quite the rage in the market. In the course of their in-depth study,
  • 12. IndustryARC found that the global custom-made orthotic devices market is expected to increase from around $1.98 billion in 2014 to around $3.15 billion by 2020, growing at a CAGR of around 7.97% from 2014 to 2020, which is again, extremely impressive, given the fact that it is more than 35% growth. With the rise in demand for orthotic devices with regards to a number of diseases and disorders, like diabetes, arthritis, cancer, limb deformities, et al, there is going to be a huge pool of demand for such devices which would be catering to specialized needs of individuals. That will need the manufacturers to become more technically adept and hone special skills, and improve their technical expertise considerably to provide the user products which would be of top quality. In the future, with innovations using 3D printing and CAD/CAM based models increasingly, this will help manufacturers and researchers develop unique devices that act specifically to treat or support patients with specific disorders. Table1 Global Orthotic Devices Market, By Device Type, 2013-2020 ($m) DEVICE 2013 2014 2020 CAGR (2014 - 2020) Functional xx xx xx xx Accommodative xx xx xx xx Braces xx xx xx xx Splints xx xx xx xx Gait Plate xx xx xx xx Night Bars xx xx xx xx Shoes xx xx xx xx By Type of Texture xx xx xx Rigid xx xx xx xx Soft xx xx xx xx Semi-rigid xx xx xx xx Inserts xx xx Arch Supports xx xx xx xx Insoles xx xx xx xx
  • 13. Heel Liners xx xx xx xx Foot cushions xx xx xx xx Boots xx xx Walker Boots xx xx xx xx Pneumatic Boots xx xx xx xx Non- Pneumatic Boots xx xx xx xx Unna Boots xx xx xx xx Others xx xx xx xx TOTAL 4,810.00 5,100.00 7,330.00 xx Source: IndustryARC Analysis, Expert Interviews
  • 14. THE ARC ADVANTAGE An analytical model lies at the core of our process, ensuring logical consistency throughout our research. We complement the model with secondary data and interviews with industry experts to reflect the latest trends. With our final expert validation, we provide you with only the most accurate and actionable intelligence. THE ARC PROCESS ANALYTICAL MODEL BASE MODEL CONSOLIDATED MODEL ARC MODEL Analytical Method Base Method Consolidation Method Delphi Verification 1. Granular breakdown of drivers into factors 2. Validate all factors in terms of their present impact on the market 3. Assign weights to these factors in terms of their relevance and impact on the market 4. Build the Analytical Model 1. Get a top- down estimate of the market 2. Follow it up with a bottom-up estimate of the market 3. Check forconsistency and new growth factors that are relevant over the next 10 Years 4. Build the Base model 1. Granular breakdown of drivers into factors 2. Validate all factors in terms of their present impact on the market. 3. Assign weights to these factors in terms of their relevance and impact on the market. 4. Build the Consolidated Model 1. Verify the findings of the model with experts from across the value chain 2. Verify the findings with players across small and large enterprises 3. Tweak the model and add new factors 4. Finalize the ARC Model
  • 15. ABOUT US IndustryARC was started by a group of young, passionate professionals along with extensively experienced industry veterans across various business segments. Our focus and expertise is mainly in the field of analytics, market research and consulting. Our singular goal is to provide accurate and affordable research to our clients. Our research team has expertise in diverse fields like Automotive, Chemicals, Consumer Product & Services, Electronics, Food & Beverages, Healthcare etc., However diverse the expertise maybe, everyone in our team shares one common trait - we love data and we love providing solutions to clients using that data even more! Seeing your business flourish based on our solutions and strategy is what we love the most! IndustryARC publishes more than 30 reports on an annual basis in the mentioned Industries. Our reports are in-depth and high quality reports that can help decision makers frame better strategies for their business requirements. These reports can be further customized as per your needs. Disclaimer:  The reports sold by IndustryARC are limited publications containing valuable market information provided to a select group of customers in response to orders.  Our customers acknowledge and agree that any report bought from IndustryARC is for their own internal use and not for general publication or disclosure to third parties.  Our reports or part of the reports, information contained in the report, cannot be shared or resold to any other third party.  Disclosure to third parties, usage of data in a public document, article or blog by the customer can be done with prior permission taken from IndustryARC. For information regarding permissions and sales, contact: sales@industryarc.com | sanjay.matthews@industryarc.com
  • 16. Copyright © 2014 IndustryARC All Rights Reserved. This document contains highly confidential information and is the sole property of IndustryARC. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of IndustryARC. IndustryARC +1 614 - 588 - 8538 sales@industryarc.com

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