According to the research report titled ‘Global Orthotics Market - Analysis By Function (Static, Dynamic), Anatomical Position, End User, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027),’ available with MarketStudyReport, global orthotics market was valued at USD 3.81 billion in the year 2021 and is slated to register significant expansion during 2022-2028.

Surging prevalence of chronic ailments like cardiovascular & neurological diseases, soaring proportion of aging population, and widespread adoption of universal health coverage in emerging nations are parameters shaping global orthotics industry
dynamics.

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Besides, increasing cases of sports injuries, combined with rising healthcare expenditure across the world are prompting the demand for orthotics, thereby accelerating the market growth.

Moreover, humungous technological advancements in the field and new product launches are likely to create profitable opportunities for businesses in this domain during the review period.

During the COVID-19 pandemic, the business sphere was severely impacted as there was a steep decline in the number of patients visits due to temporary lockdowns imposed by the government. Many patients delayed their consultations due to concerns over their own health & safety. However, with the slowdown of the spread and vaccination drives, worldwide orthotics market is expected to pick up pace in the coming years. 

Based on function type, worldwide orthotics industry is classified into static orthoses, and dynamic orthoses. In terms of anatomical position, the market is categorized into spinal orthoses, lower extremity orthoses, and upper extremity orthoses.

Concerning end-user ambit, the business landscape is segmented into rehabilitation centres, hospitals, and prosthetics & orthotics clinic. While the regional landscape of the market is spread across North America, Latin America & Middle East & Africa, and Asia Pacific.

The prominent players in global orthotics market include Trulife Inc., Colfax Corporation, Fillauer LLC, Ossur hf., Thuasne USA, Otto Bock, Bauerfeind AG, Orthofix Medical Inc., DeRoyal Industries, and Chas A Blatchford & Sons Ltd. among others.