Market Overview:
The global upper limb orthotic systems 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 incidence of musculoskeletal disorders, technological advancements in orthotic devices, and rising awareness about the benefits of using upper limb orthotic systems. The global upper limb orthotic systems market can be segmented on the basis of type into soft brace and rigid brace. The soft brace segment is expected to account for a larger share of the global market than the rigid brace segment during the forecast period. This can be attributed to factors such as its low cost and easy availability compared with rigid braces. On the basis of application, the global upper limb orthotic systems market can be divided into medical supplies store, clinic, hospital, and online store segments.
Product Definition:
An Upper Limb Orthotic System (ULO) is a device used to support or correct the function of an arm or hand. ULO's are typically used to improve mobility, strength and dexterity following an injury or illness.
Soft Brace:
Soft brace is a supportive device that helps to maintain the stability of joints and protect them from injuries. It also provides pain relief by reducing pressure on the nerves, muscles, and tendons that are damaged due to trauma or arthritis. Soft braces are used in various upper limb orthotic systems such as plaster cast system, soft-cast system, rigid cast system or elastic bandage method for healing bone fractures.
Rigid Brace:
The rigid brace is a support device used to stabilize the damaged bone or joints. It helps in reducing pain and improving movement in the target area. The orthotic devices are custom made by manufacturers according to the patient’s limb measurements which include length, width, and height of each leg as well as upper extremity.
Application Insights:
The medical supplies store segment dominated the global upper limb orthotic systems market in 2017. This is attributed to growing awareness among people about purchasing orthoses for improving their mobility and reducing pain caused by Arthritis. Moreover, increasing number of hospitals and clinics offering easy-to-purchase products through online stores is expected to drive the segment growth over the forecast period.
Clinic application accounted for a significant share in 2018 owing to rising awareness about early diagnosis of conditions such as OA & RA, post surgery recovery time, and treatment compliance among patients. According to an article published by NCBI in 2015, it has been estimated that around 70% of patients suffering from arthritis have visited a doctor due to pain caused by arthritis or related joint problems during the past year while 60% had visited a doctor regarding these issues within 6 months prior to survey date.
Regional Analysis:
North America dominated the global upper limb orthotic systems market in 2017. This can be attributed to the presence of a large number of prominent players, high disposable income, and favorable reimbursement policies & regulatory reforms. The region is expected to maintain its dominance throughout the forecast period owing to factors such as advanced healthcare infrastructure and highly developed economy.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to increasing awareness about various treatment options for arthritis and other joint-related problems among patients, growing geriatric population base, improving economic conditions in countries like India & China etc. In addition, an increase in government initiatives for spreading awareness about upper extremity disorders will also help boost regional growth during future years.
Growth Factors:
- Increasing incidence of musculoskeletal disorders: The increasing incidence of musculoskeletal disorders, such as rheumatoid arthritis, osteoarthritis, and carpal tunnel syndrome is a major growth driver for the Upper Limb Orthotic Systems market. According to the Centers for Disease Control and Prevention (CDC), approximately 50 million Americans are affected by some form of arthritis, which is a major contributor to the demand for Upper Limb Orthotic Systems.
- Growing geriatric population: The growing geriatric population is another key growth driver for the Upper Limb Orthotic Systems market. With the increase in life expectancy and advancements in medical technology, more people are living longer than ever before, which is resulting in an increase in cases of age-related disabilities such as arthritis and carpal tunnel syndrome.
- Rising awareness about benefits of Upper Limb Orthotic Systems: There has been a rising awareness about the benefits of using Upper Limb Orthotic Systems among patients with musculoskeletal disorders in recent years. This has led to an increase in demand for these devices among both healthcare professionals and patients alike.
- Technological advancements: The rapid advancement of technology has led to significant improvements in upper limb orthotics devices over the past few years, making them more effective and comfortable than ever before. This is resulting in an increased adoption rate among patients worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Upper Limb Orthotic Systems Market Research Report
By Type
Soft Brace, Rigid Brace
By Application
Medical Supplies Store, Clinic, Hospital, Online Store
By Companies
Hanger, Inc., DJO Global, Inc., Ossur Corporate, Ottobock, Fillauer LLC, Basko Healthcare, Bauerfeind AG, Breg, Inc., BSN medical
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Upper Limb Orthotic Systems Market Report Segments:
The global Upper Limb Orthotic Systems market is segmented on the basis of:
Types
Soft Brace, Rigid Brace
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, Inc.
- DJO Global, Inc.
- Ossur Corporate
- Ottobock
- Fillauer LLC
- Basko Healthcare
- Bauerfeind AG
- Breg, Inc.
- BSN medical
Highlights of The Upper Limb Orthotic Systems 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:
- Soft Brace
- Rigid Brace
- 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 Upper Limb Orthotic Systems 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
- 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?
Orthotics are devices that help to correct or improve the function of a body part. Upper limb orthotics systems are designed to help support and stabilize the arm, shoulder, and hand. These systems can be used to treat conditions such as arthritis, carpal tunnel syndrome, and tennis elbow.
Some of the major players in the upper limb orthotic systems market are Hanger, Inc., DJO Global, Inc., Ossur Corporate, Ottobock, Fillauer LLC, Basko Healthcare, Bauerfeind AG, Breg, Inc., BSN medical.
The upper limb orthotic systems 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 Upper Limb Orthotic Systems 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 Upper Limb Orthotic Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Upper Limb Orthotic Systems 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 Upper Limb Orthotic Systems 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 Upper Limb Orthotic Systems Market Size & Forecast, 2020-2028
4.5.1 Upper Limb Orthotic Systems Market Size and Y-o-Y Growth
4.5.2 Upper Limb Orthotic Systems 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 Soft Brace
5.2.2 Rigid Brace
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 Upper Limb Orthotic Systems 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 Upper Limb Orthotic Systems 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 Soft Brace
9.6.2 Rigid Brace
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 Soft Brace
10.6.2 Rigid Brace
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 Soft Brace
11.6.2 Rigid Brace
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 Soft Brace
12.6.2 Rigid Brace
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 Soft Brace
13.6.2 Rigid Brace
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 Upper Limb Orthotic Systems Market: Competitive Dashboard
14.2 Global Upper Limb Orthotic Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hanger, Inc.
14.3.2 DJO Global, Inc.
14.3.3 Ossur Corporate
14.3.4 Ottobock
14.3.5 Fillauer LLC
14.3.6 Basko Healthcare
14.3.7 Bauerfeind AG
14.3.8 Breg, Inc.
14.3.9 BSN medical
