US Orthotic Aids Market Size and Forecasts (2020-2030)

US Orthotic Aids Market Size and Forecasts (2020-2030)

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])

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Description

The US orthotic aids market size was valued at US$ 1.494 Bn in 2022 and is expected to reach US$ 2.294 Bn by 2028; it is estimated to record a CAGR of 6.3% from 2022 to 2028. The US orthotic aids market growth is primarily driven by Increase in the use of orthotic aids products and new product launches and approvals

Government Initiatives to Increase Awareness About Orthopedic Diseases Opportunity for Growth of Orthotic Aids Market

Numerous illnesses impacting the musculoskeletal system of the body necessitate medical attention. Rheumatoid arthritis, osteoarthritis, and arthritis are a few examples of orthopedic diseases frequently affecting people. The governments in developed and developing countries are taking steps to raise awareness of orthopedic diseases and to increase people’s access to orthopedic products. In response to the increasing burden of osteoarthritis, the Centers for Disease Control and Prevention funded the Osteoarthritis Action Alliance (OAAA). The OAAA promotes actions to prevent and control OA and its progression through tried-and-true interventions, public policies, communication strategies, and improved research initiatives for Osteoarthritis. During National Arthritis Awareness Month, the Arthritis Foundation runs an awareness campaign to raise awareness of arthritis. The Arthritis Foundation hosts various awareness events as part of the 2023 campaign. With these activities, the Arthritis Foundation mainly focuses on raising money and awareness among the masses. Thus, governments’ initiatives to nurture awareness of orthopedic diseases among people drive the adoption of orthopedic aids

Product Type-Based Insights

The orthotic aids market, by product type, is bifurcated into Body Belts, Braces, and others. The braces segment held a larger share in orthotic aids market share in 2022, and it is anticipated to register a higher CAGR of 6.7% during 2022-2028.

Application-Based Insights

The orthotic aids market, by application, is segmented into ligament injury repair, preventive care, osteoarthritis, compression therapy, and others. The ligament injury repair segment held the most significant market share in 2022, and the same segment is anticipated to register the highest CAGR of 6.8% during 2022-2028.

Type of Supplier-Based Insights

The orthotic aids market, by type of supplier, is bifurcated into branded and unbranded. The branded segment held a larger share of the orthotic aids market share in 2022. However, the unbranded segment is anticipated to register a higher CAGR of 6.9% during 2022-2028.

Distribution Channel-Based Insights

The orthotic aids market, by distribution channel, is segmented into online and offline. The offline segment held the most significant market share in 2022. However, the online segment is anticipated to register a highest CAGR of 6.8% during 2022-2028

A few of the major primary and secondary sources referred to while preparing the report on the orthotic aids market are the Osteoarthritis Action Alliance (OAAA), Centers for Disease Control and Prevention, National Spine Health Foundation, Osteoarthritis (OA) Action Alliance.

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According to our latest study on ” US Orthotic Aids Market Size and Forecast to 2028 – Analysis – by Product Type, Application, Type of Supplier, and Distribution Channel,” the US Orthotic Aids Market size was valued at US$ 1.494 billion in 2022 and is expected to reach US$ 2.294 billion by 2028. It is estimated to register a CAGR of 6.3% during 2022–2028. The report highlights the key factors and trends impacting the market and focuses on prominent players and their strategies.

A brace called an orthotic device is designed to support weak muscles. Braces can aid in maintaining flexibility in the muscles, which helps slow the development of contractures, which happen when a muscle and its tendon shorten and lose flexibility. Braces can also help with the motions required for walking. An individual with muscular dystrophy may be able to walk independently for a more extended period and provide additional support where it is needed, such as at the ankle.

Orthopedic aids, such as body belts and braces, assist patients affected by cerebral palsy, brain injury, spinal cord injury, and other neurological/orthopedic conditions with mobility and support. According to the Centers for Disease Control and Prevention, the US reported approximately 214,110 traumatic brain injury (TBI)-related hospitalizations and 69,473 TBI-related deaths in 2020. Thus, the use of orthotic aids is increasing with the rising number of patients suffering from various orthopedic and neurological conditions.

The geriatric population is increasing in the US owing to the modernization of healthcare facilities and improvements in healthcare services, which eventually boosts people’s life expectancy. Elderlies are at a greater risk of falls, and minor accidents can also cause fractures or bone breakage due to the tendency of muscles and bones to wear off with age. Osteoporosis and other conditions that may affect older people may further raise the risk of bone breakage. Thus, an upsurge in the elderly population is correlated with the soaring number of orthopedic injuries and disorders, which creates the demand for orthotic aids. According to the Osteoarthritis (OA) Action Alliance, 88% of people with OA are at least 45 years old, and 43% are 65 or older in the US

A child’s musculoskeletal system may develop in ways that make movement and posture difficult due to orthopedic and neuromuscular conditions such as cerebral palsy, spina bifida, muscular dystrophy, and clubfoot. According to the Centers for Disease Control and Prevalence (CDC), clubfoot is one of the most common congenital disabilities in the U.S, and it affected ~6,643 babies in the country in 2022. Pediatric bracing involves the use of specialized orthotic devices or braces to support and align a child’s body joints, particularly those in the spine, hips, knees, ankles, and feet. These devices are prescribed following diagnosis and are typically made to meet the child’s needs.

Thus, increasing the use of orthotic aids among people from various age groups drives the growth of the orthotic aids market.

Ossur hf, Ottobock SE & Co KGaA, Thuasne SAS, Fillauer LLC, Lohmann & Rauscher GmbH & Co KG, DeRoyal Industries Inc, Hanger Inc, Steeper Group Holdings Ltd, Breg Inc, and DJO LLC are among the key players operating in the US orthotic aids market.

The report segments the US orthotic aids market as follows:

The US orthotic aids market is divided on the basis of product type, application, type of supplier, and distribution channel. Based on product type, the orthotic aids market is segmented into body belts, braces, and others. The orthotic aids market, by application, is segmented into ligament injury repair, preventive care, osteoarthritis, compression therapy, and others. The orthotic aids market, by type of supplier, is segmented into branded and unbranded. The orthotic aids market, by distribution channel, is segmented into online and offline.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the US orthotic aids market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the U.S. orthotic aids market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth market trends and outlook coupled with the factors driving the U.S. orthotic aids market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

TABLE OF CONTENTS

1. Introduction 14
1.1 The Research Team 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 DJO LLC. 79
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

The List of Companies – US Orthotic Aids Market
o Ossur hf
o Ottobock SE & Co KGaA
o Thuasne SAS
o Fillauer LLC
o Lohmann & Rauscher GmbH & Co KG
o DeRoyal Industries Inc
o Hanger Inc
o Steeper Group Holdings Ltd
o Breg Inc
o DJO LLC

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