Orthopedic Orthotics: A Global Strategic Business Report
San Jose, CA (PRWEB) October 22, 2008
Taking roots from the need for pacing up the rehabilitation of limb functions at the times of war, orthopedic orthotics traversed a long evolutionary path, and is now being increasingly accorded the status of a lifestyle product that enables individuals to pursue active routines. The target pool is lot wider now, from aged populace suffering from osteoarthritis, or severely debilitating chronic diseases, populace disabled by traumatic incidents, individuals suffering with pre-mature wear out of joints triggered by obesity, and injured athletes, to people with minor/major musculoskeletal deformities and dysfunctions increasingly eyeing dynamic lifestyles.
Changing consumer profile, together with rising disposable incomes, expanded coverage of health insurance and public health programs world over, is spelling significant growth for the worldwide orthopedic orthotics market as stated in a recent report published by Global Industry Analysts, Inc.. Revolutionary improvements in the material and modeling technologies have eased the task of customizing and/or standardizing specifications of orthotic devices.
United States and Europe collectively account for about 70% share of the global market for orthopedic orthotics. Asia-Pacific market for orthopedic orthotics is projected to grow between 3.5%-5% over the analysis period 2000-2015. Orthopedic Support Devices represent the largest product segment, accounting for about 57% of the total orthopedic orthotics market, estimated for 2008. Value-added functionalities, along with technically advanced materials, are triggering higher use of support devices. In Europe, orthopedic support devices market is projected to reach US$725 million by 2010. France, Germany, Italy, and United Kingdom account for about 65% of the market.
In the United States, orthopedic braces market is estimated at US$629 million for 2008. Growing number of people suffering from arthritis and other kinds of bone ailments is driving the sales of orthopedic supports and braces, particularly osteoarthritis braces for knees in the region.
The competitive landscape in global orthopedic orthotics market features both mainstream medical companies and niche market participants. Leading players profiled in the report include Bauerfeind AG, Biomet Inc., Bledsoe Brace Systems, BSN Medical GmbH & Co. KG, DeRoyal Industries, DeRoyal International Group, DJO Incorporated, Orthofix International NV, Ossur hf., and Zimmer Holdings
The report titled "Orthopedic Orthotics: A Global Strategic Business Report" published by Global Industry Analysts, Inc., covers major market dynamics, trends, issues, and competition pertaining to the market. The report enumerates recent developments, mergers, acquisitions and other strategic industry activities. Product segments analyzed include Orthopedic Braces ((Knee Braces, Ankle Braces and Others) and Orthopedic Support Devices. The report reviews major growth drivers, retail and distribution scenario and the underlying regional demographics buoying market growth. The study also reviews product launches and recent strategic corporate activity of major market participants across various product segments. Analysis is presented for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, Spain, Asia-Pacific, Latin America, and Rest of World for the period 2000-2015.
For more details of this research report, please visit http://www.strategyr.com/Orthopedic_Orthotics_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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