Lower limb orthotics are specialized external devices that can be used to rectify an incorrect alignment in specific lower limb locations. These could be splints, braces, insoles, or other tools. Each lower limb orthotic is uniquely created to match demands of users and podiatrists thorough evaluation and gait analysis are prerequisites.
According to the report published by Allied Market Research Lower Extremity Devices Market Size was Valued at USD 664.6 million in 2021 and is Projected to Garner USD 1.28 billion by 2031 registering a CAGR of 6.8% from 2022 to 2031.
Rise in number of patients with bone degenerative diseases and adoption of modern lifestyle that can increase the risk of trauma & fracture have boosted the growth of the global lower extremity devices market. The market across Asia-Pacific is estimated to manifest the highest CAGR of 7.6% during the forecast period. Compared to other surgeries, most of the orthopedic procedures are elective and thus, were postponed.
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Top Lower Extremity Devices Companies:-
- 3M
- Bauerfeind AG
- Enovis Corporation
- Essity AB
- DeRoyal Industries, Inc
- Orthofix Medical Inc., (Breg Inc)
- Össur
- Otto Bock HealthCare GmbH
- Thuasne group
- Trulife
Lower Extremity Devices Market Segmentation:-
Lower extremity devices market analysis is segmented into product, application, distribution channel and region. By product, the market is segmented into knee orthotics, foot & ankle orthotics, and hip orthotics. The knee orthotics segment dominated the lower extremity devices market size in 2021, and is expected to witness highest CAGR during the forecast period, owing to numerous advantages provided by these goods, including medial and lateral support, reduced knee rotation, limited damage during activity, and protection against possibility of injury following surgery.
By Product
- Knee orthotics
- Foot and ankle orthotics
- Hip orthotics
By Application
- Trauma and fractures
- Others
By Distribution channel
- Hospitals and surgical centers
- Retail pharmacies
- Others
The global lower extremity devices market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is estimated to manifest the highest CAGR of 7.6% during the forecast period. However, the market across North America held the largest share in 2021, contributing to more than two-fifths of the market.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
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- Which are main factors responsible for new product launch?
- How big is the global & regional market in terms of revenue, sales and production?
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By Region Outlook
North America
⦁ U.S.
⦁ Canada
⦁ Mexico
Europe
⦁ UK
⦁ Germany
⦁ France
⦁ Italy
⦁ Russia
⦁ Rest of Europe
Asia-Pacific
⦁ China
⦁ Japan
⦁ India
⦁ Australia
⦁ Rest of Asia-Pacific
LAMEA
⦁ Brazil
⦁ UAE
⦁ Turkey
⦁ Saudi Arabia
⦁ Rest of LAMEA
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