Market Overview:
The global medical hand orthosis (HO) market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing prevalence of hand injuries and rising demand for advanced HO devices. Based on type, the global medical hand orthosis (HO) market is segmented into dynamic orthotics and static orthotics. The dynamic orthotics segment is expected to register a higher CAGR during the forecast period, owing to its ability to provide customized support as per individual requirements. Based on application, the global medical hand Orthosis (HO) market is segmented into medical supplies store, clinic, hospital and online store. Among these applications, hospitals are expected to account for a larger share of the global HO market in terms of revenue during the forecast period.
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Product Definition:
A medical hand orthosis is a device that is worn on the hand to support or improve its function. It may be used to treat conditions such as carpal tunnel syndrome, arthritis, and nerve damage. The importance of medical hand orthoses is that they can help to improve function and reduce pain in the hands.
Dynamic Orthotics:
Dynamic orthotics is a branch of biomedical engineering which deals with the study and treatment of foot and ankle problems by using orthopedic devices. The dynamic orthotics market is expected to grow at a lucrative rate during the forecast period owing to factors such as increasing geriatric population, rising prevalence of arthritis & osteoporosis coupled with growing awareness about these treatments. Moreover, technological advancements in this field are also anticipated to boost growth over the coming years.
Static Orthotics:
Static orthotics is a type of footwear designed to provide support and stability to people who have suffered from foot or ankle injuries. They are also used by sports players who have suffered from ligament damage. The orthotic devices are made up of materials such as springs, cork, plastic and foam which helps in providing the required amount of support while walking or running.
Application Insights:
The medical supplies store segment dominated the global market in 2017. This is attributed to a high number of orthopedic devices sold through medical supplies stores. According to the American Academy of Orthopedic Surgeons (AAOS), an estimated 80% of patients seek advice from their doctors regarding purchasing orthopedic products for treatment and prevention purposes, which also indicates a significant share held by the medical supplies stores in this industry.
The Clinic segment is expected to expand at the highest CAGR during forecast years owing to increasing awareness about musculoskeletal health among healthcare professionals and rising incidences of sports injuries and road accidents across various regions, especially developing countries such as India, China, Brazil etc., where HO devices are used frequently for diagnosis & treatment purposes.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing cases of arthritis, rising awareness about available treatment options, and availability of skilled physicians in this region. Moreover, favorable reimbursement policies are also propelling regional growth. For instance, under Medicare Part A & B covers 80% cost for hand orthoses and 60% cost for foot orthoses (inpatient or outpatient).
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to a large population base with high unmet needs regarding disabilities caused due to osteoarthritis and rheumatoid arthritis coupled with rapidly improving healthcare infrastructure in emerging countries such as China & India. Furthermore, an increase in disposable income levels will boost demand further due to rise in consumer preference towards advanced medical supplies that enable easy mobility along with comfort while performing daily activities such as writing or typing using HO devices like mouse arms/legs etc.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for medical hand orthosis (HO) products, as they help improve mobility and independence among elderly patients.
- Rising incidence of hand injuries: There has been a rise in the incidence of hand injuries due to increasing participation in sports and recreational activities, as well as workplace accidents. This is expected to lead to an increase in demand for medical hand orthosis (HO) products, which can help reduce disability caused by such injuries.
- Growing awareness about benefits of medical hand orthosis (HO): There is growing awareness among healthcare professionals and patients about the benefits of using medical hand orthosis (HO) products for treating various conditions affecting hands and wrists. This is likely to lead to an increase in demand for these devices over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Hand Orthosis (HO) Market Research Report
By Type
Dynamic Orthotics, Static Orthotics
By Application
Medical Supplies Store, Clinic, Hospital, Online Store
By Companies
Hanger Clinic, Comprehensive Prosthetics and Orthotics, DJO Global, DeRoyal Industries, Medi, Thuasne, Scheck & Siress, AbleData, Maramed Orthopedic Systems, Prosthetic & Orthotic Care, Myomo
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Medical Hand Orthosis (HO) Market Report Segments:
The global Medical Hand Orthosis (HO) market is segmented on the basis of:
Types
Dynamic Orthotics, Static Orthotics
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Supplies Store, Clinic, Hospital, Online Store
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hanger Clinic
- Comprehensive Prosthetics and Orthotics
- DJO Global
- DeRoyal Industries
- Medi
- Thuasne
- Scheck & Siress
- AbleData
- Maramed Orthopedic Systems
- Prosthetic & Orthotic Care
- Myomo
 Market Overview.svg)
Highlights of The Medical Hand Orthosis (HO) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dynamic Orthotics
- Static Orthotics
- By Application:
- Medical Supplies Store
- Clinic
- Hospital
- Online Store
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Hand Orthosis (HO) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical hand orthosis (HO) is a type of prosthetic device that helps people with disabilities use their hands more effectively. HO devices help people with conditions such as cerebral palsy, amputations, and arthritis to grip objects and perform tasks.
Some of the major companies in the medical hand orthosis (ho) market are Hanger Clinic, Comprehensive Prosthetics and Orthotics, DJO Global, DeRoyal Industries, Medi, Thuasne, Scheck & Siress, AbleData, Maramed Orthopedic Systems, Prosthetic & Orthotic Care, Myomo.
The medical hand orthosis (ho) market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Hand Orthosis (HO) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Hand Orthosis (HO) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Hand Orthosis (HO) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Hand Orthosis (HO) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Hand Orthosis (HO) Market Size & Forecast, 2020-2028
4.5.1 Medical Hand Orthosis (HO) Market Size and Y-o-Y Growth
4.5.2 Medical Hand Orthosis (HO) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Dynamic Orthotics
5.2.2 Static Orthotics
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medical Supplies Store
6.2.2 Clinic
6.2.3 Hospital
6.2.4 Online Store
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Hand Orthosis (HO) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Hand Orthosis (HO) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Dynamic Orthotics
9.6.2 Static Orthotics
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medical Supplies Store
9.10.2 Clinic
9.10.3 Hospital
9.10.4 Online Store
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Dynamic Orthotics
10.6.2 Static Orthotics
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medical Supplies Store
10.10.2 Clinic
10.10.3 Hospital
10.10.4 Online Store
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Dynamic Orthotics
11.6.2 Static Orthotics
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medical Supplies Store
11.10.2 Clinic
11.10.3 Hospital
11.10.4 Online Store
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Dynamic Orthotics
12.6.2 Static Orthotics
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medical Supplies Store
12.10.2 Clinic
12.10.3 Hospital
12.10.4 Online Store
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Dynamic Orthotics
13.6.2 Static Orthotics
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medical Supplies Store
13.10.2 Clinic
13.10.3 Hospital
13.10.4 Online Store
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Hand Orthosis (HO) Market: Competitive Dashboard
14.2 Global Medical Hand Orthosis (HO) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hanger Clinic
14.3.2 Comprehensive Prosthetics and Orthotics
14.3.3 DJO Global
14.3.4 DeRoyal Industries
14.3.5 Medi
14.3.6 Thuasne
14.3.7 Scheck & Siress
14.3.8 AbleData
14.3.9 Maramed Orthopedic Systems
14.3.10 Prosthetic & Orthotic Care
14.3.11 Myomo
