Pediatric Ankle Orthoses Market predicted to show exponential growth of CAGR 6.8% between 2020 and 2027


Posted July 29, 2020 by adwaitcoherent

USD 222.1 Mn in 2019, Pediatric Ankle Orthoses Market predicted to show exponential growth of USD$ 354.4 Mn by 2027

 
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Description:
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).
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.
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.

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Tags business consulting , coherent market insights , market research , pediatric ankle orthoses market analysis
Last Updated July 29, 2020