Orthotics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The global orthotics market is on a trajectory towards substantial growth, expanding at a robust CAGR over the next decade. According to Fairfield Market Research, North America led the regional market with a significant share. The market is expected to grow from $4.82 billion in 2024 to approximately $7.93 billion by 2031, driven by a 7.4% compound annual growth rate (CAGR).
Orthotics: Enhancing Neuromuscular and Skeletal Functionality
Orthoses, externally placed devices that modify the structural and functional features of the neuromuscular and skeletal systems, are gaining increased focus. These devices are integral to comprehensive treatment plans addressing various conditions, primarily targeting pain and discomfort in the legs and feet. The objectives of orthotic treatment include correcting foot abnormalities, improving foot or ankle function, supporting the ankle, and reducing the risk of further injuries.
Diverse Materials for Personalized Orthotic Products
Orthotic devices can be crafted from various materials, ranging from rigid to soft, based on individual health needs and symptoms. Physicians prescribe materials tailored to specific conditions. Common materials include plastic and carbon fiber, known for their flexibility and cushioning properties. Orthotics can take many forms, from full shoe inserts similar to those found in sporting shoes to tiny heel inserts and ankle-foot supports with shoe inserts and calf wraps.
Market Share and Revenue Insights
Orthosis sales accounted for a significant share of the global prosthetics and orthotics market. The orthotics market has seen a steady expansion, driven by factors such as increasing life expectancy, rising prevalence of lifestyle-related disorders, and various forms of arthritis.
Technological Advancements and Market Growth
Technological advancements present lucrative opportunities for market growth. Innovations such as 3D printing and digital technologies have enhanced the manufacturing process of insoles, providing additional features and comfort to users. Hospitals, in particular, have a high demand for insoles produced using these advanced techniques.
Opportunities for Manufacturers
Government regulations globally are designed to ensure better treatment options for patients. For instance, the National Association for the Advancement of Orthotics & Prosthetics (NAAOP) has emphasized the importance of orthotics and prosthetics providers as vital healthcare professionals, particularly during the COVID-19 pandemic. This recognition underscores the critical role of manufacturers and suppliers in patient care.
Challenges Restraining Market Growth
Despite the positive growth trajectory, certain factors restrain the market to some extent. Potential negative effects of orthotic devices, such as exacerbating foot pain or causing postural alterations, deter some users. Additionally, the high cost of custom devices poses a significant barrier, even though they offer numerous advantages over mass-produced alternatives.
Regional Insights
United States: A Leading Market for Orthotics
The United States held a significant share of the global market, driven by the increasing number of patients with osteoporosis and the rising demand for treatment. The European Journal of Rheumatology reports a high prevalence of osteoporosis-related hip fractures, particularly among women in Europe and the United States.
Germany: Quality Healthcare and Awareness Drive Market
Germany accounted for a notable share of the global market. The high quality of healthcare and increased awareness of health issues, including diabetes, contribute to market growth. According to the International Diabetes Federation, Germany has a significant prevalence of diabetes, posing risks for complications like diabetic foot ulcers.
Category-wise Insights
Custom Orthotics: Tailored for Individual Needs
Custom orthotics generated substantial revenue, with the segment expected to expand at a notable CAGR during the forecast period. Custom devices are preferred due to the varying sizes of feet and legs among individuals, with soft insoles being more popular than rigid ones.
Medical Applications: Leading Revenue Generation
Orthotics for medical purposes held a leading market share, with the segment projected to grow significantly. These devices are widely used to realign joints and reduce pain in affected areas.
Preferred Materials: Ethyl Vinyl Acetate (EVA)
Orthosis made from ethyl vinyl acetate (EVA) accounted for a high market share, expanding significantly. EVA materials are preferred for their control and shock absorption properties, easing foot and ankle pain by cushioning the foot and relieving pressure.
Key Market Developments
Ossur announced a collaboration with the Alfred Mann Foundation to explore mind-controlled prosthetic devices using implanted myoelectric sensors. Gait Up partnered with SIDAS, a global leader in the footwear retail market, to enhance their presence and offerings.
Competitive Analysis
Aetrex Worldwide Inc.
Bauerfeind AG
Acor Orthopedic
Amfit Inc.
Blatchford Clinical Services
Dr. Scholl's (Bayer)
Salts Techstep
The Foot Lab
Arden Orthotics Ltd.
Bolton Bros
Cascade Dafo Inc.
Algeo Limited
Tynor Orthotics Pvt. Ltd.
Ottobock, A. Algeo Ltd.
Hanger, Inc.
Bauerfeind AG
Birkenstock digital GmbH
Foot Science International
Groupe Gorge
DOLA - Digital Orthotics Laboratories Australia.
Fillauer LLC,
Ossur Corporate
Basko Healthcare.
DJO Global
Orthotics Industry Research Segmentation
By Product:
Prefabricated
Custom
Rigid/Function Orthotic Insoles
Soft/ Accommodative Insoles
By User Age Group:
Adults
Paediatrics
By Application:
Sports & Athletics
Medical
Personal Comfort
By Material:
Thermoplastics
Polyethene Foams
Leather
Cork
Composite Carbon Fibers
EVA
Gel
Others
By User:
Prefabricated
Adults
Paediatrics
Custom
Adults
Paediatrics
By Distribution Channel:
Drug Stores
Hospitals & Specialty Clinics
Online Stores
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa (MEA)
Table of Contents
1. Executive Summary
1.1. Global Orthotics Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Production Output and Trade Statistics, 2018 - 2024
3.1. Global Orthotics Market Production Output, by Region, Value (US$ Bn) and Volume (Million Units), 2018 - 2024
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. Middle East and Africa
4. Price Analysis, 2018 - 2024
4.1. Global Average Price Analysis, by User Age Group/Product, US$ Per MMT, 2018 - 2024
4.2. Prominent Factor Affecting Orthotics Prices
4.3. Global Average Price Analysis, by Region, US$ Per MMT
5. Global Orthotics Market Outlook, 2018 - 2031
5.1. Global Orthotics Market Outlook, by Product, Value (US$ Bn) and Volume (MMT), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Prefabricated
5.1.1.2. Custom
5.1.1.2.1. Rigid/Function Orthotic Insoles
5.1.1.2.2. Soft/ Accommodative Insoles
5.2. Global Orthotics Market Outlook, by User Age Group, Value (US$ Bn) and Volume (MMT), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Adults
5.2.1.2. Paediatrics
5.3. Global Orthotics Market Outlook, by Application, Value (US$ Bn) and Volume (MMT), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. Sports & Athletics
5.3.1.2. Medical
5.3.1.3. Personal Comfort
5.4. Global Orthotics Market Outlook, by Material, Value (US$ Bn) and Volume (MMT), 2018 - 2031
5.4.1. Key Highlights
5.4.1.1. Orthotics Pith
5.4.1.2. Orthotics Fiber
5.4.1.3. Tufted Mat
5.4.1.4. Handloom Mat
5.4.1.5. Curled Orthotics & Orthotics Yarn
5.4.1.6. Geo-Textile
5.4.1.7. Others
5.5. Global Orthotics Market Outlook, by User, Value (US$ Bn) and Volume (MMT), 2018 - 2031
5.5.1. Key Highlights
5.5.1.1. Prefabricated
5.5.1.1.1. Adults
5.5.1.1.2. Paediatrics
5.5.1.2. Custom
5.5.1.2.1. Adults
5.5.1.2.2. Paediatrics
5.6. Global Orthotics Market Outlook, by Distribution Channel, Value (US$ Bn) and Volume (MMT), 2018 - 2031
5.6.1. Key Highlights
5.6.1.1. Drug Stores
5.6.1.2. Hospitals & Specialty Clinics
5.6.1.3. Online Stores
5.6.1.4. Others
5.7. Global Orthotics Market Outlook, by Region, Value (US$ Bn) and Volume (MMT), 2018 - 2031
5.7.1. Key Highlights
5.7.1.1. North America
5.7.1.2. Europe
5.7.1.3. Asia Pacific
5.7.1.4. Latin America
5.7.1.5. Middle East & Africa
6. North America Orthotics Market Outlook, 2018 - 2031
6.1. North America Orthotics Market Outlook, by Product, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Prefabricated
6.1.1.2. Custom
6.1.1.2.1. Rigid/Function Orthotic Insoles
6.1.1.2.2. Soft/ Accommodative Insoles
6.2. North America Orthotics Market Outlook, by User Age Group, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Adults
6.2.1.2. Paediatrics
6.3. North America Orthotics Market Outlook, by Application, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. Sports & Athletics
6.3.1.2. Medical
6.3.1.3. Personal Comfort
6.4. North America Orthotics Market Outlook, by Material, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.4.1. Key Highlights
6.4.1.1. Orthotics Pith
6.4.1.2. Orthotics Fiber
6.4.1.3. Tufted Mat
6.4.1.4. Handloom Mat
6.4.1.5. Curled Orthotics & Orthotics Yarn
6.4.1.6. Geo-Textile
6.4.1.7. Others
6.5. North America Orthotics Market Outlook, by User, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.5.1. Key Highlights
6.5.1.1. Prefabricated
6.5.1.1.1. Adults
6.5.1.1.2. Paediatrics
6.5.1.2. Custom
6.5.1.2.1. Adults
6.5.1.2.2. Paediatrics
6.6. North America Orthotics Market Outlook, by Distribution Channel, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.6.1. Key Highlights
6.6.1.1. Drug Stores
6.6.1.2. Hospitals & Specialty Clinics
6.6.1.3. Online Stores
6.6.1.4. Others
6.7. North America Orthotics Market Outlook, by Country, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.7.1. Key Highlights
6.7.1.1. U.S. Orthotics Market by Product, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.7.1.2. U.S. Orthotics Market by User Age Group, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.7.1.3. U.S. Orthotics Market by Source, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.7.1.4. U.S. Orthotics Market by Application, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.7.1.5. U.S. Orthotics Market by Material, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.7.1.6. U.S. Orthotics Market by Distribution Channel, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.7.1.7. Canada Orthotics Market by Product, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.7.1.8. Canada Orthotics Market by User Age Group, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.7.1.9. Canada Orthotics Market by Source, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.7.1.10. Canada Orthotics Market by Application, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.7.1.11. Canada Orthotics Market by Material, Value (US$ Bn) and Volume (MMT), 2018 - 2031
6.7.1.12. Canada Orthotics Market by Distribution Channel, Value (US$ Bn) and Volume (MMT), 2018 - 2031