US Orthotic Aids Market Developments and Forecast by 2028
US Orthotic Aids Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type (Body Belts, Braces [Neck & Cervical Braces, Knee Braces, Foot Support & Braces, Elbow Support & Braces, and Others], and Others [Pouch Arm Sling, Cast Covers, and Cast Shoes]), Application (Ligament Injury Repair, Preventive Care, Osteoarthritis, Compression Therapy, and Others), Type of Supplier (Branded [MNC and Domestic], and Unbranded [Imported and Domestic]), Distribution Channel (Online, and Offline [Hospital, Pharmacy, and Retail])
- Status : Published
- Report Code : TIPRE00030204
- Category : Life Sciences
- No. of Pages : 78
- Available Report Formats :
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction 14
1.1 The Insight Partners Research Report Guidance. 14
1.2 Market Segmentation. 15
2. Executive Summary 17
2.1 Key Insights. 17
3. Research Methodology 18
3.1 Coverage. 19
3.2 Secondary Research. 19
3.3 Primary Research. 19
4. Orthotic Aid Market - Key Industry Dynamics 21
4.1 Market Drivers: 21
4.1.1 Increase in Use of Orthotic Aids in People from Different Age Groups. 21
4.1.2 New Product Launches and Approvals. 22
4.2 Market Restraints. 22
4.2.1 Unfavourable Reimbursement Plans. 22
4.3 Market Opportunities. 23
4.3.1 Government Initiatives to Increase Awareness About Orthopedic Diseases. 23
4.4 Future Trends. 23
4.4.1 Technological Advancements. 23
4.5 Impact Analysis: 24
5. Orthotic Aid Market - Market Analysis 25
5.1 Orthotic Aid Market Revenue (US$ Mn), 2022 – 2028. 25
6. Orthotic Aid Market – Revenue and Forecast to 2028 – by Product Type 27
6.1 Overview. 27
6.2 Orthotic Aid Market Revenue Share, by Product Type, 2022 & 2028 (%) 27
6.2.1 US: Orthotic Aid Market, by Product Type, 2018–2028(US$ Mn) 27
6.2.2 US: Orthotic Aid Market, by Product Type, 2018–2028( Unit) 27
6.3 Body Belts. 28
6.3.1 Overview. 28
6.3.2 Body Belts: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 28
6.4 Braces. 29
6.4.1 Overview. 29
6.4.2 Braces: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 30
6.4.3 Orthotic Aid Market, for Braces by Product Type, 2018–2028 (US$ Mn) 30
6.4.3.1 US: Orthotic Aid Market, for Braces by Product Type, 2018–2028(US$ Mn) 30
6.4.3.2 US: Orthotic Aid Market, for Braces by Product Type, 2018–2028(Unit) 30
6.5 Others. 32
6.5.1 Overview. 32
6.5.2 Others: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 32
6.5.3 Orthotic Aid Market, for Others by Product Type, 2018–2028 (US$ Mn) 33
6.5.4 Orthotic Aid Market, for Others by Product Type, 2018–2028, 2018–2028(Unit) 33
7. Orthotic Aid Market – Revenue and Forecast to 2028 – by Application 34
7.1 Overview. 34
7.2 Orthotic Aid Market Revenue Share, by Application, 2022 & 2028 (%) 34
7.2.1 US: Orthotic Aid Market, by Application, 2018–2028(US$ Mn) 34
7.3 Ligament Injury Repair 35
7.3.1 Overview. 35
7.3.2 Ligament Injury Repair: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 35
7.4 Preventive Care. 36
7.4.1 Overview. 36
7.4.2 Preventive Care: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 36
7.5 Osteoarthritis. 37
7.5.1 Overview. 37
7.5.2 Osteoarthritis: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 38
7.6 Compression Therapy. 38
7.6.1 Overview. 38
7.6.2 Compression Therapy: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 39
7.7 Others. 40
7.7.1 Overview. 40
7.7.2 Others: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 40
8. Orthotic Aid Market – Revenue and Forecast to 2028 – by Distribution Channel 41
8.1 Overview. 41
8.2 Orthotic Aid Market Revenue Share, by Distribution Channel, 2022 & 2028 (%) 41
8.2.1 US: Orthotic Aid Market, by Distribution Channel, 2018–2028(US$ Mn) 41
8.3 Online. 42
8.3.1 Overview. 42
8.3.2 Online: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 42
8.4 Offline. 43
8.4.1 Overview. 43
8.4.2 Offline: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 43
8.4.3 Orthotic Aid Market, for Offline by Distribution Channel, 2018–2028 (US$ Mn) 43
9. Orthotic Aid Market – Revenue and Forecast to 2028 – by Type of Supplier 44
9.1 Overview. 44
9.2 Orthotic Aid Market Revenue Share, by Type of Supplier, 2022 & 2028 (%) 44
9.2.1 US: Orthotic Aid Market, by Type of Supplier, 2018–2028(US$ Mn) 44
9.3 Branded. 44
9.3.1 Overview. 44
9.3.2 Branded: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 45
9.3.3 Orthotic Aid Market, for Branded by Type of Supplier, 2018–2028 (US$ Mn) 46
9.4 Unbranded. 47
9.4.1 Overview. 47
9.4.2 Unbranded: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 47
9.4.3 Orthotic Aid Market, for Unbranded by Type of Supplier, 2018–2028 (US$ Mn) 47
10. Orthotic Aids Market – Industry Landscape 48
10.1 Overview. 48
10.2 Growth Strategies in the Orthotic Aids Market 48
10.3 Inorganic Growth Strategies. 48
10.3.1 Overview. 48
10.4 Organic Growth Strategies. 50
10.4.1 Overview. 50
11. Company Profiles 51
11.1 Ossur hf 51
11.1.1 Key Facts. 51
11.1.2 Business Description. 51
11.1.3 Products and Services. 52
11.1.4 Financial Overview. 53
11.1.5 SWOT Analysis. 55
11.1.6 Key Developments. 56
11.2 Ottobock SE & Co KGaA. 57
11.2.1 Key Facts. 57
11.2.2 Business Description. 57
11.2.3 Products and Services. 57
11.2.4 Financial Overview. 58
11.2.5 SWOT Analysis. 58
11.2.6 Key Developments. 58
11.3 Thuasne SAS. 59
11.3.1 Key Facts. 59
11.3.2 Business Description. 59
11.3.3 Products and Services. 59
11.3.4 Financial Overview. 60
11.3.5 SWOT Analysis. 60
11.3.6 Key Developments. 60
11.4 Fillauer LLC. 61
11.4.1 Key Facts. 61
11.4.2 Business Description. 61
11.4.3 Products and Services. 61
11.4.4 Financial Overview. 61
11.4.5 SWOT Analysis. 62
11.4.6 Key Developments. 62
11.5 Lohmann & Rauscher GmbH & Co KG. 63
11.5.1 Key Facts. 63
11.5.2 Business Description. 63
11.5.3 Products and Services. 63
11.5.4 Financial Overview. 64
11.5.5 SWOT Analysis. 65
11.5.6 Key Developments. 65
11.6 DeRoyal Industries Inc. 66
11.6.1 Key Facts. 66
11.6.2 Business Description. 66
11.6.3 Products and Services. 66
11.6.4 Financial Overview. 67
11.6.5 SWOT Analysis. 68
11.6.6 Key Developments. 68
11.7 Hanger Inc. 69
11.7.1 Key Facts. 69
11.7.2 Business Description. 69
11.7.3 Products and Services. 69
11.7.4 Financial Overview. 70
11.7.5 SWOT Analysis. 70
11.7.6 Key Developments. 70
11.8 Steeper Group Holdings Ltd. 71
11.8.1 Key Facts. 71
11.8.2 Business Description. 71
11.8.3 Products and Services. 71
11.8.4 Financial Overview. 72
11.8.5 SWOT Analysis. 73
11.8.6 Key Developments. 73
11.9 Breg Inc. 74
11.9.1 Key Facts. 74
11.9.2 Business Description. 74
11.9.3 Products and Services. 74
11.9.4 Financial Overview. 76
11.9.5 SWOT Analysis. 77
11.9.6 Key Developments. 78
11.10.1 Key Facts. 79
11.10.2 Business Description. 79
11.10.3 Products and Services. 79
11.10.4 Financial Overview. 80
11.10.5 SWOT Analysis. 80
11.10.6 Key Developments. 80
12. Appendix 82
List of Tables
Table 1. Orthotic Aid Market Segmentation. 11
Table 2. US Orthotic Aid Market, by Product Type – Revenue and Forecast to 2028 (US$ Mn) 23
Table 3. US Orthotic Aid Market, by Product Type – Volume and Forecast to 2028 (Unit) 23
Table 4. Orthotic Aid Market, for Braces by Product Type – Revenue and Forecast to 2028 (US$ Mn) 26
Table 5. US Orthotic Aid Market, for Braces by Product Type – Revenue and Forecast to 2028 (US$ Mn) 26
Table 6. US Orthotic Aid Market, for Braces by Product Type – Volume and Forecast to 2028 (Unit) 26
Table 7. Orthotic Aid Market, for Others by Product Type – Revenue and Forecast to 2028 (US$ Mn) 29
Table 8. US Orthotic Aid Market, for Others by Product Type – Volume and Forecast to 2028 (Unit) 29
Table 9. US Orthotic Aid Market, by Application – Revenue and Forecast to 2028 (US$ Mn) 30
Table 10. US Orthotic Aid Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn) 37
Table 11. Orthotic Aid Market, for Offline by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn) 39
Table 12. US Orthotic Aid Market, by Type of Supplier – Revenue and Forecast to 2028 (US$ Mn) 40
Table 13. Orthotic Aid Market, for Branded by Type of Supplier – Revenue and Forecast to 2028 (US$ Mn) 42
Table 14. Orthotic Aid Market, for Unbranded by Type of Supplier – Revenue and Forecast to 2028 (US$ Mn) 43
Table 15. Recent Inorganic Growth Strategies in the Orthotic Aids Market 44
Table 16. Recent Organic Growth Strategies in the Orthotic Aids Market 46
List of Figures
Figure 1. Orthotic Aid Market Segmentation, By Geography. 10
Figure 2. Orthotic Aid Market - Key Industry Dynamics. 16
Figure 3. Impact Analysis of Drivers and Restraints. 19
Figure 4. Orthotic Aid Market Revenue (US$ Mn), 2022 – 2028. 20
Figure 5. Orthotic Aid Market Revenue, Geography (US$ Mn), 2022 – 2028. 21
Figure 6. Orthotic Aid Market Revenue Share, by Product Type, 2022 & 2028 (%) 22
Figure 7. Body Belts: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 23
Figure 8. Braces: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 25
Figure 9. Others: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 27
Figure 10. Orthotic Aid Market Revenue Share, by Application, 2022 & 2028 (%) 29
Figure 11. Ligament Injury Repair: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 30
Figure 12. Preventive Care: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 31
Figure 13. Osteoarthritis: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 33
Figure 14. Compression Therapy: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 34
Figure 15. Others: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 35
Figure 16. Orthotic Aid Market Revenue Share, by Distribution Channel, 2022 & 2028 (%) 36
Figure 17. Online: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 37
Figure 18. Offline: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 38
Figure 19. Orthotic Aid Market Revenue Share, by Type of Supplier, 2022 & 2028 (%) 39
Figure 20. Branded: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 41
Figure 21. Unbranded: Orthotic Aid Market – Revenue and Forecast to 2028 (US$ Mn) 42
Figure 22. Growth Strategies in the Orthotic Aids Market 43
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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