Market Overview:
The global wrist orthoses 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 wrist injuries and rising demand for advanced wrist orthoses products. Based on type, the global wrist orthoses 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 products and their increasing adoption by hospitals, clinics, and homecare settings across the globe. Based on application, the global wrist orthoses market is divided into hospitals, clinics, and homecare settings. The hospitals segment dominates this market with a major share owing to rising number of hospital admissions for treatment of various types of wrist injuries globally.
Product Definition:
Wrist orthoses are devices that help to support and immobilize the wrist. They can be used to treat a variety of conditions, such as carpal tunnel syndrome, tennis elbow, and arthritis. Wrist orthoses can also help to prevent injuries to the wrist.
Dynamic Orthotics:
Dynamic orthotics is a branch of biomedical engineering which deals with the study and treatment of foot and ankle problems by using orthotic devices. These are specially designed shoes that can provide additional support when walking or running. Orthotics can help in reducing pain, increasing stability, improving muscle power, preventing bone fractures & ligament damage along with providing relief from arthritis-related discomfort.
The global wrist orthoses market size was valued at USD 1.6 billion in 2015.
Static Orthotics:
Static orthotics is a type of footwear designed to provide support and stability to people who have trouble with their balance. It works by correcting the position of the foot and ankle, which is affected due to weak muscles or joints. The materials used in these products are synthetic leather or fabric and plastic.
Application Insights:
The global market is segmented by application into hospitals, clinics and homecare settings. The clinics segment dominated the overall industry in terms of revenue share in 2017. This can be attributed to factors such as increasing number of orthopedic surgeons and rising prevalence of musculoskeletal disorders among children and adults worldwide. According to WHO, an estimated 1 out of 5 adults aged over 50 years suffer from some form of arthritis every year while around 1 in 10 people aged between 15-50 have doctor-diagnosed arthritis or joint pain. Thus, growing incidence rate for various types of wrist disorders coupled with rising awareness about early diagnosis is expected to drive the demand for orthopedic wrist devices globally during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, favorable reimbursement policies, and increasing awareness about available treatment options are some factors driving the growth of this regional market. In addition, growing sports & activities’ industry is also expected to boost product demand over the forecast period.
The Asia Pacific region is anticipated to witness lucrative growth during the forecast period owing to rising geriatric population and improving economic conditions in emerging countries such as China and India. Moreover, government initiatives for providing subsidies on orthopedic devices are also expected to drive revenue generation in this region over the next eight years.
Europe accounted for a significant share of revenue generated by global wrist orthoses market due to high prevalence of osteoarthritis among geriatric population coupled with government support for R&D activities pertaining towards joint health promotion & maintenance therapies (excluding France).
Growth Factors:
- Increasing incidence of wrist injuries: The increasing incidence of wrist injuries is one of the key growth drivers for the global wrist orthoses market. This is because, with an increase in the number of accidents and sports-related injuries, there is a corresponding rise in demand for wrist orthoses products.
- Growing awareness about benefits offered by wrist orthoses: There has been a growing awareness about the benefits offered by wrist orthoses products among consumers in recent years. This has helped to fuel demand for these devices, thereby driving market growth.
- Technological advancements: The advent of new technologies has led to significant improvements in the design and functionality of wrist orthoses products, thus boosting their adoption rates among consumers worldwide.
- Rising popularity of sports activities: A growing number of people are now engaging in various sporting activities, which has resulted in an increase in instancesofwristinjuriesamong them .This provides a major opportunity for players operating intheglobalwristorthosismarketto capitalize on this trend by offering innovative and high-qualityproducts that can address such issues effectively..
Scope Of The Report
Report Attributes
Report Details
Report Title
Wrist Orthoses 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, Ambroise, 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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Wrist Orthoses Market Report Segments:
The global Wrist Orthoses 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
- Ambroise
- Xi'an Hai Hong Prosthetic and Orthosis
Highlights of The Wrist Orthoses 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 Wrist Orthoses 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
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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?
Wrist orthoses are a type of medical device that help to support and stabilize the wrist. Orthoses can be custom-made to fit each individual's unique needs, and they may be used in combination with other treatments such as splints or braces. Orthoses can provide long-term relief from wrist pain, and they may also help improve mobility and function.
Some of the key players operating in the wrist orthoses market are Hanger Clinic, Comprehensive Prosthetics and Orthotics, Essex Orthopaedics, DJO Global, Ottobock, DeRoyal Industries, Medi, Thuasne, Ambroise, Xi'an Hai Hong Prosthetic and Orthosis.
The wrist orthoses market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wrist Orthoses 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. Wrist Orthoses Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wrist Orthoses Market - Supply Chain
4.5. Global Wrist Orthoses Market Forecast
4.5.1. Wrist Orthoses Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wrist Orthoses Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wrist Orthoses Market Absolute $ Opportunity
5. Global Wrist Orthoses 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. Wrist Orthoses 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 Wrist Orthoses 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. Wrist Orthoses 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 Wrist Orthoses 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. Wrist Orthoses 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 Wrist Orthoses 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. Wrist Orthoses 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 Wrist Orthoses Demand Share Forecast, 2019-2026
9. North America Wrist Orthoses 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 Wrist Orthoses 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 Wrist Orthoses 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 Wrist Orthoses 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 Wrist Orthoses Demand Share Forecast, 2019-2026
10. Latin America Wrist Orthoses 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 Wrist Orthoses 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 Wrist Orthoses 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 Wrist Orthoses 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 Wrist Orthoses Demand Share Forecast, 2019-2026
11. Europe Wrist Orthoses 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 Wrist Orthoses 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 Wrist Orthoses 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 Wrist Orthoses 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 Cuntry
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wrist Orthoses Demand Share, 2019-2026
12. Asia Pacific Wrist Orthoses 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 Wrist Orthoses 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 Wrist Orthoses 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 Wrist Orthoses 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 Wrist Orthoses Demand Share, 2019-2026
13. Middle East & Africa Wrist Orthoses 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 Wrist Orthoses 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 Wrist Orthoses 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 Wrist Orthoses 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 Wrist Orthoses Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wrist Orthoses Market: Market Share Analysis
14.2. Wrist Orthoses Distributors and Customers
14.3. Wrist Orthoses 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. Ambroise
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Xi'an Hai Hong Prosthetic and Orthosis
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
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
