Market Overview:
The global spinal orthotics 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 spine disorders, growing geriatric population, and rising demand for minimally invasive surgeries. Based on type, the global spinal orthotics market is segmented into dynamic orthotics and static orthotics. The dynamic orthotics segment is expected to grow at a higher CAGR than the static Orthotics segment during the forecast period from 2018 to 2030. This growth can be attributed to factors such as technological advancements in dynamic orthotic devices and increasing adoption of these devices by surgeons worldwide. Based on application, the global spinal Orthotics market is divided into hospitals, clinics, and homecare settings. The hospitals segment dominates this market owing to high prevalence of spine disorders among patients admitted in hospitals for treatment purposes.
Product Definition:
Spinal orthotics is a type of brace that helps to support and stabilize the spine. It is most commonly used to treat conditions such as scoliosis, lordosis, and kyphosis. Spinal orthotics can help to improve posture and reduce pain.
Dynamic Orthotics:
Dynamic orthotics is a method of stabilizing and correcting abnormal body movement. It is used in spinal orthotics to improve the stability, comfort, and efficiency of patients with degenerative disc disease, scoliosis, or other back-related problems. Dynamic orthotics uses pressure sensors to measure changes in the body and then provides real-time correction through an electronic device called a computer chip or software programmable device (CPD).
Static Orthotics:
Static orthotics is a type of footwear designed to provide support and stability to people with flat feet, arthritis, rheumatoid arthritis or other joint-related problems. The foot and ankle are the main joints of the body that requires support in order to move freely. In case of these conditions, static orthotics can help in providing pain relief by reducing pressure on painful areas as well as improving blood circulation due to reduced stress on joints caused by lessened weight bearing capacities.
Application Insights:
Based on application, the global spinal orthotics market is segmented into hospitals, clinics and homecare settings. The clinics and homecare settings segments dominated the overall industry in terms of revenue share in 2017. This can be attributed to growing awareness about orthopedic conditions coupled with rising availability of advanced products for treatment at low costs.
The hospital segment is expected to witness significant growth over the forecast period owing to increasing cases of musculoskeletal disorders among geriatric population along with rising incidences of trauma cases across the globe. According to WHO, an estimated 1 out of 3 people aged 65 years or above suffer from some form of arthritis every year which increases their mobility problems significantly thereby necessitating a trip to doctors for medical consultation or treatment at hospitals.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high awareness levels coupled with relatively higher patient disposable income are some of the key factors responsible for its large share. Moreover, favorable reimbursement policies and increasing government initiatives to promote sports activities are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising geriatric population, improving economic conditions and growing medical tourism in emerging countries such as China and India. In addition, a rise in road accidents is also expected to boost product demand over the next eight years due t othe availability of raw material used for manufacturing dynamic orthotics (i.e., carbon fiber) at low cost which can be used multiple times reducing expenditure on purchasing expensive orthotics equipment and materials required for manufacture of these devices in developed regions such as North America & Europe).
Growth Factors:
- Increasing incidence of spinal cord injuries: The increasing incidence of spinal cord injuries is one of the key growth drivers for the global spinal orthotics market. According to a study by the World Health Organization (WHO), every year around 1.3 million people suffer from a spinal cord injury, out of which around 50% are below 30 years of age. This high incidence is expected to drive demand for advanced and innovative spinal orthotics products in the coming years.
- Growing geriatric population: The global geriatric population is growing at a rapid pace and this is expected to create significant demand for advanced spine orthotics products in the coming years. According to estimates by United Nations, the number of people aged 60 or above will exceed 2 billion by 2050, accounting for nearly one-third of the world’s population. This growing geriatric population will create significant opportunities for players operating in the global spine orthotics market over next few decades
Scope Of The Report
Report Attributes
Report Details
Report Title
Spinal Orthotics Market Research Report
By Type
Dynamic Orthotics, Static Orthotics
By Application
Hospitals, Clinics, Homecare Settings
By Companies
Hanger Clinic, Comprehensive Prosthetics and Orthotics, Essex Orthopaedics, DJO Global, Ottobock, DeRoyal Industries, Medi, Thuasne, Nakamura Brace, SCHECK and SIRESS, Aspen Medical Products, Bird and Cronin, BSN Medical, Becker Orthopedic, Xi'an Hai Hong Prosthetic and Orthosis
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Spinal Orthotics Market Report Segments:
The global Spinal Orthotics 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
Hospitals, Clinics, Homecare Settings
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
- Essex Orthopaedics
- DJO Global
- Ottobock
- DeRoyal Industries
- Medi
- Thuasne
- Nakamura Brace
- SCHECK and SIRESS
- Aspen Medical Products
- Bird and Cronin
- BSN Medical
- Becker Orthopedic
- Xi'an Hai Hong Prosthetic and Orthosis
Highlights of The Spinal Orthotics 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:
- Hospitals
- Clinics
- Homecare Settings
- 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 Spinal Orthotics 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?
Spinal orthotics are a type of medical device that are used to help support and stabilize the spine. Orthotics can be worn in the shoes or inserted into the back or neck area. They may be used to treat conditions such as low back pain, disc herniation, and spinal stenosis.
Some of the major players in the spinal orthotics market are Hanger Clinic, Comprehensive Prosthetics and Orthotics, Essex Orthopaedics, DJO Global, Ottobock, DeRoyal Industries, Medi, Thuasne, Nakamura Brace, SCHECK and SIRESS, Aspen Medical Products, Bird and Cronin, BSN Medical, Becker Orthopedic, Xi'an Hai Hong Prosthetic and Orthosis.
The spinal orthotics market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spinal Orthotics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Spinal Orthotics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spinal Orthotics Market - Supply Chain
4.5. Global Spinal Orthotics Market Forecast
4.5.1. Spinal Orthotics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spinal Orthotics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Spinal Orthotics Market Absolute $ Opportunity
5. Global Spinal Orthotics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Spinal Orthotics Market Size and Volume Forecast by Type
5.3.1. Dynamic Orthotics
5.3.2. Static Orthotics
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Spinal Orthotics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Spinal Orthotics Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Homecare Settings
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Spinal Orthotics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Spinal Orthotics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Spinal Orthotics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Spinal Orthotics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Spinal Orthotics Demand Share Forecast, 2019-2026
9. North America Spinal Orthotics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Spinal Orthotics Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Spinal Orthotics Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Homecare Settings
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Spinal Orthotics Market Size and Volume Forecast by Type
9.7.1. Dynamic Orthotics
9.7.2. Static Orthotics
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Spinal Orthotics Demand Share Forecast, 2019-2026
10. Latin America Spinal Orthotics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Spinal Orthotics Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Spinal Orthotics Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Homecare Settings
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Spinal Orthotics Market Size and Volume Forecast by Type
10.7.1. Dynamic Orthotics
10.7.2. Static Orthotics
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Spinal Orthotics Demand Share Forecast, 2019-2026
11. Europe Spinal Orthotics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Spinal Orthotics Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Spinal Orthotics Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Homecare Settings
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Spinal Orthotics Market Size and Volume Forecast by Type
11.7.1. Dynamic Orthotics
11.7.2. Static Orthotics
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Counry
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Spinal Orthotics Demand Share, 2019-2026
12. Asia Pacific Spinal Orthotics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Spinal Orthotics Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Spinal Orthotics Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Homecare Settings
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Spinal Orthotics Market Size and Volume Forecast by Type
12.7.1. Dynamic Orthotics
12.7.2. Static Orthotics
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Spinal Orthotics Demand Share, 2019-2026
13. Middle East & Africa Spinal Orthotics Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Spinal Orthotics Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Spinal Orthotics Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Homecare Settings
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Spinal Orthotics Market Size and Volume Forecast by Type
13.7.1. Dynamic Orthotics
13.7.2. Static Orthotics
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Spinal Orthotics Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Spinal Orthotics Market: Market Share Analysis
14.2. Spinal Orthotics Distributors and Customers
14.3. Spinal Orthotics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hanger Clinic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Comprehensive Prosthetics and Orthotics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Essex Orthopaedics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DJO Global
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ottobock
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DeRoyal Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Medi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Thuasne
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nakamura Brace
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SCHECK and SIRESS
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Aspen Medical Products
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bird and Cronin
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. BSN Medical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Becker Orthopedic
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Xi'an Hai Hong Prosthetic and Orthosis
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook