Market Overview:
The global orthotic thermoplastics market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of musculoskeletal disorders and rising demand for custom-made orthotics. In terms of type, the minimum resistance to stretch segment is expected to dominate the global orthotic thermoplastics market during the forecast period. This can be attributed to its properties such as low weight and high strength that make it suitable for use in lightweight prostheses and braces. By application, hand and arm segment is expected to account for a major share of the global orthotic thermoplastics market during the forecast period owingtoits growing popularity among consumers across all regions.
Product Definition:
Orthotic Thermoplastics are a type of medical device used to help correct or improve the function of a joint or limb. They are typically made from a plastic that can be heated and molded to fit the individual's needs, and then will retain its shape when cooled. Orthotic Thermoplastics can be used to provide support, stability, and alignment for joints and limbs, as well as reduce pain and inflammation.
Minimum Resistance to Stretch:
Orthotic Thermoplastics, also known as orthoses orOTs are a class of prosthetic devices that have been used for over two centuries. They comprise of three elements: an external framework or shell, an insulating lining and the thermoplastic material which is vulcanized (bound) to make it watertight. The most commonly used materials in OT production today include polyether ether ketone (PEEK), polyurethane (PU) and silicone rubber.
Moderate Resistance to Stretch:
Moderate resistance to stretch is referred to as modulus and is used in the production of thermosetting plastics. It can be defined as a strain rate that produces an elongation of less than or equal to 50% under stress-strain curve.
Application Insights:
The maximum resistance to stretch type held the largest market share in 2017. These products are used for orthopedic implants and spinal devices. The hand and arm application segment is expected to witness the fastest growth over the forecast period owing to rising demand for minimally invasive surgeries coupled with increasing healthcare awareness among people, especially in emerging countries such as India, China and Brazil.
Orthopedic implant procedures have become easier with advancements made in surgical techniques along with medical device technology over recent years. As a result, there has been an increase in demand for orthotic plastics that can help restore normal movement after surgery without causing additional pain or discomfort when compared to traditional metal joints or arthroplasties.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through the forecast period owing to increasing prevalence of orthopedic conditions and rising geriatric population. In addition, high adoption of advanced products for foot and ankle supports is anticipated to drive regional growth over the forecast period.
Asia Pacific is estimated to be fastest-growing regional market from 2018 to 2030 due with growing medical tourism industry in countries such as China, India, Japan, Malaysia & Singapore Orthotics are widely used for prevention & treatment of various orthopedic disorders Orthotics can reduce stress on joints caused by walking or running Shoes with built-in arch support help improve posture thereby reducing joint stress High prevalence of osteoarthritis coupled with growing geriatric population base will drive product demand in Asia Pacific Countries such as China.
Growth Factors:
- Increasing demand for custom-made orthotic devices: The Orthotic Thermoplastics market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for custom-made orthotic devices, especially in developed countries. This is because custom-made orthotics provide better fit and comfort as compared to ready-made devices.
- Growing geriatric population: The global geriatric population is expected to grow at a CAGR of 6% during the forecast period, which will lead to an increase in the demand for orthotic devices and therapies. This will create opportunities for players operating in the Orthotic Thermoplastics market.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as obesity, diabetes mellitus, and arthritis is increasing globally due to changing lifestyles and dietary habits. This has led to an increase in the demand for corrective or therapeutic footwear and orthoses, thereby driving growth in the Orthotic Thermoplastics market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthotic Thermoplastics Market Research Report
By Type
Minimum Resistance to Stretch, Moderate Resistance to Stretch, Maximum Resistance to Stretch
By Application
Hand and Arm, Foot and Knee
By Companies
Klarity Medical, Performance Health, Chesapeake Medical Products, Orfit Industries, T-Tape Company, Allard International, Breg, North Coast Medical, North Sea Plastics Ltd, JMS Plastics Supply, Klarity Medical, SIMONA
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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Orthotic Thermoplastics Market Report Segments:
The global Orthotic Thermoplastics market is segmented on the basis of:
Types
Minimum Resistance to Stretch, Moderate Resistance to Stretch, Maximum Resistance to Stretch
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
Hand and Arm, Foot and Knee
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:
- Klarity Medical
- Performance Health
- Chesapeake Medical Products
- Orfit Industries
- T-Tape Company
- Allard International
- Breg
- North Coast Medical
- North Sea Plastics Ltd
- JMS Plastics Supply
- Klarity Medical
- SIMONA
Highlights of The Orthotic Thermoplastics 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:
- Minimum Resistance to Stretch
- Moderate Resistance to Stretch
- Maximum Resistance to Stretch
- By Application:
- Hand and Arm
- Foot and Knee
- 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 Orthotic Thermoplastics 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.
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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
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- 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?
Orthotic Thermoplastics is a type of medical device that is used to correct deformities in the foot or ankle. Orthotics are made from a variety of materials, including thermoplastic elastomers (TPE), silicone, and carbon fiber. They are custom-made to fit each individual's needs and can be worn for long periods of time without discomfort.
Some of the major players in the orthotic thermoplastics market are Klarity Medical, Performance Health, Chesapeake Medical Products, Orfit Industries, T-Tape Company, Allard International, Breg, North Coast Medical, North Sea Plastics Ltd, JMS Plastics Supply, Klarity Medical, SIMONA.
The orthotic thermoplastics market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Orthotic Thermoplastics 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 Orthotic Thermoplastics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Orthotic Thermoplastics 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 Orthotic Thermoplastics 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 Orthotic Thermoplastics Market Size & Forecast, 2018-2028
4.5.1 Orthotic Thermoplastics Market Size and Y-o-Y Growth
4.5.2 Orthotic Thermoplastics Market Absolute $ Opportunity
Chapter 5 Global Orthotic Thermoplastics 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 Orthotic Thermoplastics Market Size Forecast by Type
5.2.1 Minimum Resistance to Stretch
5.2.2 Moderate Resistance to Stretch
5.2.3 Maximum Resistance to Stretch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Orthotic Thermoplastics 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 Orthotic Thermoplastics Market Size Forecast by Applications
6.2.1 Hand and Arm
6.2.2 Foot and Knee
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Orthotic Thermoplastics 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 Orthotic Thermoplastics 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 Orthotic Thermoplastics Analysis and Forecast
9.1 Introduction
9.2 North America Orthotic Thermoplastics 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 Orthotic Thermoplastics Market Size Forecast by Type
9.6.1 Minimum Resistance to Stretch
9.6.2 Moderate Resistance to Stretch
9.6.3 Maximum Resistance to Stretch
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 Orthotic Thermoplastics Market Size Forecast by Applications
9.10.1 Hand and Arm
9.10.2 Foot and Knee
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 Orthotic Thermoplastics Analysis and Forecast
10.1 Introduction
10.2 Europe Orthotic Thermoplastics 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 Orthotic Thermoplastics Market Size Forecast by Type
10.6.1 Minimum Resistance to Stretch
10.6.2 Moderate Resistance to Stretch
10.6.3 Maximum Resistance to Stretch
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 Orthotic Thermoplastics Market Size Forecast by Applications
10.10.1 Hand and Arm
10.10.2 Foot and Knee
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 Orthotic Thermoplastics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Orthotic Thermoplastics 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 Orthotic Thermoplastics Market Size Forecast by Type
11.6.1 Minimum Resistance to Stretch
11.6.2 Moderate Resistance to Stretch
11.6.3 Maximum Resistance to Stretch
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 Orthotic Thermoplastics Market Size Forecast by Applications
11.10.1 Hand and Arm
11.10.2 Foot and Knee
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 Orthotic Thermoplastics Analysis and Forecast
12.1 Introduction
12.2 Latin America Orthotic Thermoplastics 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 Orthotic Thermoplastics Market Size Forecast by Type
12.6.1 Minimum Resistance to Stretch
12.6.2 Moderate Resistance to Stretch
12.6.3 Maximum Resistance to Stretch
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 Orthotic Thermoplastics Market Size Forecast by Applications
12.10.1 Hand and Arm
12.10.2 Foot and Knee
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) Orthotic Thermoplastics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Orthotic Thermoplastics 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) Orthotic Thermoplastics Market Size Forecast by Type
13.6.1 Minimum Resistance to Stretch
13.6.2 Moderate Resistance to Stretch
13.6.3 Maximum Resistance to Stretch
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) Orthotic Thermoplastics Market Size Forecast by Applications
13.10.1 Hand and Arm
13.10.2 Foot and Knee
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 Orthotic Thermoplastics Market: Competitive Dashboard
14.2 Global Orthotic Thermoplastics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Klarity Medical
14.3.2 Performance Health
14.3.3 Chesapeake Medical Products
14.3.4 Orfit Industries
14.3.5 T-Tape Company
14.3.6 Allard International
14.3.7 Breg
14.3.8 North Coast Medical
14.3.9 North Sea Plastics Ltd
14.3.10 JMS Plastics Supply
14.3.11 Klarity Medical
14.3.12 SIMONA
