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Press Release: Pediatric Ankle Orthoses Market to Surpass US$ 354.4 Million by 2027
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
An orthoses is an external device which supports and enhances the body alignment, reduces the pain and protects a joint or limb from further deformity. Orthoses can be custom molded and custom fitted according to the requirement. These devices are classified under durable medical devices (DME) and require L-codes for insurance reimbursement. For the reimbursement of such devices, a prescription signed by the physician is required.
The global pediatric ankle orthoses market is estimated to be valued at US$ 222.1 million in 2020 and is expected to exhibit a CAGR of 6.8% over the forecast period (2020-2027).
Fig 1. Pediatric Ankle Orthoses Market Value, By Region, 2020 (US$ Mn)
The increasing incidence of injuries and trauma that require surgical procedures is expected to boost the growth of the pediatric ankle orthoses market
Skeletal immaturity in pediatric patients leads at a greater risk of physical fractures than ligament tears, which may cause physical impairment and disability. The rising disability and injuries among the pediatric population is expected to increase demand for pediatric ankle orthoses and thereby drive the market growth during the forecast period. For instance, according to an article published by the University of Western States, the prevalence of ankle sprains in children was around 2.85 per 1,000 exposures in 2014.
However, common problems such as redness in areas due to incorrect application, incorrect fit of AFO, change in body shape, sweaty skin reduces the compliance of such devices and is expected to restrain the market growth during the forecast period.
Fig 2. Pediatric Ankle Orthoses Market Value, 2020 & 2027 (US$ Mn)
Pediatric Ankle Orthoses Market - Regional Analysis
North America held the dominant position in the global pediatric ankle orthoses market in 2019 owing to the increasing number of disability cases in the region. For instance, the American Community Survey (ACS) 2016 estimated that 12.8% of the U.S. population has disabilities. Also, according to the Disability Statistics Annual Report of 2017 by the Institute of Disability/UCED, around 0.7% of the U.S. population aged below 5 years had some form of disability in 2016.
Moreover, the rising prevalence of independent living disability in the region is expected to propel the market growth during the forecast period. For instance, according to the Disability Statistics Annual Report of 2017 from the Institute of Disability/UCED, the prevalence of Independent Living in the U.S. increased from 4.4% to 4.5% for 2013 and 2016.
Key Players
Major players operating in the global pediatric ankle orthoses market are Orthomerica, Restorative Care of America (RCAI), ING Source, Inc., DJO, LLC, Ottobock, Ortho Europe, Invent Medical, Boston Orthotics & Prosthetics, Allard USA Inc., Surestep, and Trulife.
| Global Pediatric Ankle Orthoses Market Report Coverage | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2019 | Market Size in 2019: | USD 222.1 Mn |
| Historical Data for: | 2016 to 2019 | Forecast Period: | 2020 to 2027 |
| Forecast Period 2020 to 2027 CAGR: | 6.8% | 2027 Value Projection: | USD 354.4 Mn |
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| Companies covered (11): |
Orthomerica, Restorative Care of America (RCAI), ING Source, Inc., DJO, LLC, Ottobock, Ortho Europe, Invent Medical, Boston Orthotics & Prosthetics, Allard USA Inc., Surestep, and Trulife |
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Pediatric ankle orthoses are medical devices for improving the walking pattern by reducing or limiting the movements of lower extremities and by supporting the muscles. Below are examples of devices and their applications for the lower-extremity conditions
Market Dynamics
The factors impacting growth of the pediatric ankle orthoses market include the rising number of accidents, bone injuries, and fractures. For instance, according to the Disability Statistics Annual Report of 2018 by the Institute of Disability/UCED, the number of people having disability in the U.S. increased from 42,050,000 to 42,940,000 in 2015 and 2016 respectively.
Moreover, research conducted by institutions to offer customized and technologically advanced products is creating a conducive environment for growth of the pediatric ankle orthoses market. For instance, in 2019, researchers from the University of Sydney published a review on 'Feasibility of designing, manufacturing and delivering 3D printed ankle-foot orthoses' mentioning the challenges in traditionally made ankle-foot orthoses (AFO) and the potential of 3D printing technology in the manufacturing and health service delivery.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section
Table of Contents
*Browse 25 market data tables and 18 figures on "Pediatric Ankle Orthoses Market - Global forecast to 2027”
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