Pediatric Ankle Orthoses Market
Global Pediatric Ankle Orthoses Market Size, Share, Growth, Industry Trends and Forecast 2020-2030
The Global Pediatric Ankle Orthoses Market held USD 218.9 million in 2020 and is to grow with a CAGR of 6.8% from 2020-2030. An orthosis is an external device that supports and improves corporal alignment, reduces pain and prevents further deformation of the joints or limbs. Orthoses can be designed to meet the design and tailored to the individual needs. Such tools are known as DMEs and require insurance reimbursement L codes. A prescription signed by the doctor is required for the reimbursement of these devices.
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Market Dynamics and Factors :
In pediatric patients, skeletal immaturity results in a higher risk of physical fractures than ligament tear, which may result in disability and physical impairment. An increase in the demand for pediatric knee orthoses is expected to drive market growth in the projected years due to the growing impairment or injuries in the pediatric population. For example, the incidence of infant ankle sprains was approximately 2.85 per 1,000 exposures in 2014 according to a paper published by the University of western states. However, common issues such as inaccurate application redness in areas, improper fits of AFO, body shape change, sweaty skin, decrease the use of these instruments. Moreover, the increasing prevalence of independent living disabilities in different countries is expected to boost market growth during the forecast period.
- Global Pediatric Ankle Orthoses Market – By Type
- Elastic Ankle Braces
- Light Support
- Moderate Support
- Extra Support
- Global Pediatric Ankle Orthoses Market – By Application
- Plantar Fasciitis
- Ankle Sprain
- Global Pediatric Ankle Orthoses Market – By Geography
- North America
- Rest of Europe
- Rest of Asia Pacific
- Latin America
- Middle East
- North America
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Geographic Analysis :
North America is expected to dominate the global pediatric ankle orthoses market trends due to growing government focus and development in medical infrastructure. Several government bodies are focusing on initiatives to increase access to prosthetics and orthotics. These programs are projected to accelerate orthosis and prothetics adoption and promote demand development over the forecast era. The Department of Health in the UK for example in 2016. Announced sponsorship of prothetics for girls. Similarly the Health and Social Care Department, UK, in 2018. Announced an investment of US$ 1.9 million that would allow more disabled children to benefit from the latest prothetics. Additionally, Asia Pacific is anticipated to support the pediatric ankle orthoses market growth and rise with fastest CAGR due to presence of large numbers of patients in this region.
Competitive Scenario :
Global pediatric ankle orthoses market, is witnessing cut throat competition and few of the major players currently grab the market. Key companies are also expanding their manufacturing facilities to cater to growing demand for this drug globally. Key players enhancing the global pediatric ankle orthoses market size include Orthomerica Products, Inc., RCAI, Inc., Bio Skin, ING Source, DJO, LLC, Ottobock SE & Co. KGaA, Pushfor Investments, Inc, Spinal Technology, Inc., Boston Brace International, Inc. and Allard Et Fils.
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How will this Market Intelligence Report Benefit You?
- The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
- Exclusive insight into the key trends affecting the Global Pediatric Ankle Orthoses industry, although key threats, opportunities and disruptive technologies that could shape the Global Pediatric Ankle Orthoses Market supply and demand.
- The report tracks the leading market players that will shape and impact the Global Pediatric Ankle Orthoses Market most.
- The data analysis present in the Global Pediatric Ankle Orthoses Market report is based on the combination of both primary and secondary resources.
- The report helps you to understand the real effects of key market drivers or retainers on Global Pediatric Ankle Orthoses Market business.
The 2021 Annual Global Pediatric Ankle Orthoses Market offers:
- 100+ charts exploring and analysing the Global Pediatric Ankle Orthoses Market from critical angles including retail forecasts, consumer demand, production and more
- 15+ profiles of top producing states, with highlights of market conditions and retail trends
- Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
- Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Pediatric Ankle Orthoses Market type
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