Global Paediatric Ankle Orthoses Market is expected to grow at a CAGR of 7% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Paediatric Ankle Orthoses Market by Type (Light Support, Moderate Support, Extra Support, Elastic Ankle Braces, and Others), Application (Flatfoot, Plantar Fasciitis, Ankle Sprain, and Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027.
The global paediatric ankle orthoses market is expected to grow from USD 205 million in 2019 to USD 352.23 million by 2027, at a CAGR of 7% during the forecast period 2020-2027. North America is expected to dominate the market during the forecast period. The rising incidences of disability cases in the region are expected to drive market growth. Amongst the disabilities, the increasing prevalence of independent living disability will further boost the market growth.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Some of the leading players of the market include Restorative Care of America (RCAI), Orthomerica, ING Source, Inc., LLC, DJO, Ottobock, Invent Medical, Ortho Europe, Trulife, Boston Orthotics & Prosthetics, Surestep, and Allard USA Inc. The companies are focusing on research and development for technology up-gradation and innovative product launches.
This study delivers a comprehensive analysis of type, application, and regions. On the basis of type, the market can be divided into light support, moderate support, extra support, elastic ankle braces, and others. On the basis of application, the market can be divided into flat foot, plantar fasciitis, ankle sprain, and others.
The technological advancements by the leading companies with the help of high-end research institutions for offering customised products to the patients will fuel the market growth. A rise in government initiatives and the increasing number of hospitals and centres for providing orthotic services are expected to contribute to market growth. An incorrect application of the product can cause redness in the skin hindering the market growth.
About the report:
The global paediatric ankle orthoses market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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