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 worth USD 3.81 billion in the year 2021 and is slated to expand significantly during 2022-2027.

Widespread adoption of universal health coverage, rising geriatric population, increasing product launches, technological breakthroughs, increasing frequency of sports injuries, and rising healthcare expenditure are some of the major factors driving the growth of the global orthotics market.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4814127/  

It is worth noting that the market was negatively impacted by the COVID-19 pandemic since various companies experienced monetary repercussions given the decline in the number of patients. Several patients opted to postpone their visits for concerns regarding their own health and safety from the virus. 

The global orthotics market is bifurcated on the basis of function type, anatomical position, end-user spectrum, and regional contribution.

Based on function type, the market is further divided into static orthoses and dynamic orthoses. Moving on to anatomical position, the market is segregated on the basis of lower extremity orthoses, upper extremity orthoses, and spinal orthoses.

As per the end-user spectrum, the market is segmented into hospitals, prosthetics & orthotics clinics, and rehabilitation centres.

Regionally, North America orthotics market is estimated to expand sustantially over the forecast timeline owing to the rising prevalence of chronic diseases including neurological disorders and cardiovascular diseases.

The prominent companies influencing the competitive sphere of global orthotics market are Colfax Corporation, Ottobock, Blatchford, Bauerfeind AG, Fillauer Companies Inc., Össur hf., Orthofix, DeRoyal Industries, Thuasne USA, and Trulife.