Wrist Orthosis Market Updates by 2031
A wrist orthosis is a molded brace that is highly recommended for highly individualized medical and therapeutic needs. A wrist orthosis supports the painful and weakened wrist and provide immobilization to wrist. Moreover, it prevents the development of neuromuscular deformities or contractures arthritic or wrist drop.
MARKET SCOPE
The "Global Wrist Orthosis Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the wrist orthosis market with detailed market segmentation by product, application, and geography. The report provides key statistics on the market status of the leading wrist orthosis market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of product, the market is segmented into ordinary splint type and inflatable type, by product segment.
- On the basis of application, the wrist orthosis market is bifurcated into children and adults.
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MARKET DYNAMICS
Drivers
- Rise in number of surgeries
- Increasing prevalence of chronic diseases
- Vast product diversity.
Restraints
- Complications caused by drainage devices.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The wrist orthosis market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the wrist orthosis market in these regions.
IMPACT OF COVID-19 ON WRIST ORTHOSIS MARKET
The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The wrist orthosis market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the wrist orthosis market in these regions.
IMPACT OF COVID-19 ON WRIST ORTHOSIS MARKET
The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future.
MARKET PLAYERS
The report covers key developments in the wrist orthosis market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from wrist orthosis market are anticipated to lucrative growth opportunities in the future with the rising demand for wrist orthosis in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wrist orthosis market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Mueller Sports Medicine, Inc
- DJO Global
- BetterBraces.com
- TONUS ELAST SIA.
- LANAFORM
- Bauerfeind USA Inc.
- Ottobock
- Dicarre LLC
- Lohmann & Rauscher GmbH & Co. KG
- Juzo
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The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Wrist Orthosis Market - By Product
1.3.2 Wrist Orthosis Market - By Application
1.3.3 Wrist Orthosis Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WRIST ORTHOSIS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. WRIST ORTHOSIS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WRIST ORTHOSIS MARKET - GLOBAL MARKET ANALYSIS
6.1. WRIST ORTHOSIS MARKET - GLOBAL MARKET OVERVIEW
6.2. WRIST ORTHOSIS MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. WRIST ORTHOSIS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. ORDINARY SPLINT TYPE
7.3.1. Overview
7.3.2. Ordinary Splint Type Market Forecast and Analysis
7.4. INFLATABLE TYPE
7.4.1. Overview
7.4.2. Inflatable Type Market Forecast and Analysis
8. WRIST ORTHOSIS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CHILDREN
8.3.1. Overview
8.3.2. Children Market Forecast and Analysis
8.4. ADULTS
8.4.1. Overview
8.4.2. Adults Market Forecast and Analysis
9. WRIST ORTHOSIS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Wrist Orthosis Market Overview
9.1.2 North America Wrist Orthosis Market Forecasts and Analysis
9.1.3 North America Wrist Orthosis Market Forecasts and Analysis - By Product
9.1.4 North America Wrist Orthosis Market Forecasts and Analysis - By Application
9.1.5 North America Wrist Orthosis Market Forecasts and Analysis - By Countries
9.1.5.1 United States Wrist Orthosis
9.1.5.1.1 United States Wrist Orthosis Market by Product
9.1.5.1.2 United States Wrist Orthosis Market by Application
9.1.5.2 Canada Wrist Orthosis
9.1.5.2.1 Canada Wrist Orthosis Market by Product
9.1.5.2.2 Canada Wrist Orthosis Market by Application
9.1.5.3 Mexico Wrist Orthosis
9.1.5.3.1 Mexico Wrist Orthosis Market by Product
9.1.5.3.2 Mexico Wrist Orthosis Market by Application
9.2. EUROPE
9.2.1 Europe Wrist Orthosis Market Overview
9.2.2 Europe Wrist Orthosis Market Forecasts and Analysis
9.2.3 Europe Wrist Orthosis Market Forecasts and Analysis - By Product
9.2.4 Europe Wrist Orthosis Market Forecasts and Analysis - By Application
9.2.5 Europe Wrist Orthosis Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Wrist Orthosis
9.2.5.1.1 Germany Wrist Orthosis Market by Product
9.2.5.1.2 Germany Wrist Orthosis Market by Application
9.2.5.2 France Wrist Orthosis
9.2.5.2.1 France Wrist Orthosis Market by Product
9.2.5.2.2 France Wrist Orthosis Market by Application
9.2.5.3 Italy Wrist Orthosis
9.2.5.3.1 Italy Wrist Orthosis Market by Product
9.2.5.3.2 Italy Wrist Orthosis Market by Application
9.2.5.4 Spain Wrist Orthosis
9.2.5.4.1 Spain Wrist Orthosis Market by Product
9.2.5.4.2 Spain Wrist Orthosis Market by Application
9.2.5.5 United Kingdom Wrist Orthosis
9.2.5.5.1 United Kingdom Wrist Orthosis Market by Product
9.2.5.5.2 United Kingdom Wrist Orthosis Market by Application
9.2.5.6 Rest of Europe Wrist Orthosis
9.2.5.6.1 Rest of Europe Wrist Orthosis Market by Product
9.2.5.6.2 Rest of Europe Wrist Orthosis Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Wrist Orthosis Market Overview
9.3.2 Asia-Pacific Wrist Orthosis Market Forecasts and Analysis
9.3.3 Asia-Pacific Wrist Orthosis Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Wrist Orthosis Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Wrist Orthosis Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Wrist Orthosis
9.3.5.1.1 Australia Wrist Orthosis Market by Product
9.3.5.1.2 Australia Wrist Orthosis Market by Application
9.3.5.2 China Wrist Orthosis
9.3.5.2.1 China Wrist Orthosis Market by Product
9.3.5.2.2 China Wrist Orthosis Market by Application
9.3.5.3 India Wrist Orthosis
9.3.5.3.1 India Wrist Orthosis Market by Product
9.3.5.3.2 India Wrist Orthosis Market by Application
9.3.5.4 Japan Wrist Orthosis
9.3.5.4.1 Japan Wrist Orthosis Market by Product
9.3.5.4.2 Japan Wrist Orthosis Market by Application
9.3.5.5 South Korea Wrist Orthosis
9.3.5.5.1 South Korea Wrist Orthosis Market by Product
9.3.5.5.2 South Korea Wrist Orthosis Market by Application
9.3.5.6 Rest of Asia-Pacific Wrist Orthosis
9.3.5.6.1 Rest of Asia-Pacific Wrist Orthosis Market by Product
9.3.5.6.2 Rest of Asia-Pacific Wrist Orthosis Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Wrist Orthosis Market Overview
9.4.2 Middle East and Africa Wrist Orthosis Market Forecasts and Analysis
9.4.3 Middle East and Africa Wrist Orthosis Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Wrist Orthosis Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Wrist Orthosis Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Wrist Orthosis
9.4.5.1.1 South Africa Wrist Orthosis Market by Product
9.4.5.1.2 South Africa Wrist Orthosis Market by Application
9.4.5.2 Saudi Arabia Wrist Orthosis
9.4.5.2.1 Saudi Arabia Wrist Orthosis Market by Product
9.4.5.2.2 Saudi Arabia Wrist Orthosis Market by Application
9.4.5.3 U.A.E Wrist Orthosis
9.4.5.3.1 U.A.E Wrist Orthosis Market by Product
9.4.5.3.2 U.A.E Wrist Orthosis Market by Application
9.4.5.4 Rest of Middle East and Africa Wrist Orthosis
9.4.5.4.1 Rest of Middle East and Africa Wrist Orthosis Market by Product
9.4.5.4.2 Rest of Middle East and Africa Wrist Orthosis Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Wrist Orthosis Market Overview
9.5.2 South and Central America Wrist Orthosis Market Forecasts and Analysis
9.5.3 South and Central America Wrist Orthosis Market Forecasts and Analysis - By Product
9.5.4 South and Central America Wrist Orthosis Market Forecasts and Analysis - By Application
9.5.5 South and Central America Wrist Orthosis Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Wrist Orthosis
9.5.5.1.1 Brazil Wrist Orthosis Market by Product
9.5.5.1.2 Brazil Wrist Orthosis Market by Application
9.5.5.2 Argentina Wrist Orthosis
9.5.5.2.1 Argentina Wrist Orthosis Market by Product
9.5.5.2.2 Argentina Wrist Orthosis Market by Application
9.5.5.3 Rest of South and Central America Wrist Orthosis
9.5.5.3.1 Rest of South and Central America Wrist Orthosis Market by Product
9.5.5.3.2 Rest of South and Central America Wrist Orthosis Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL WRIST ORTHOSIS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. WRIST ORTHOSIS MARKET, KEY COMPANY PROFILES
12.1. MUELLER SPORTS MEDICINE, INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. DJO GLOBAL
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BETTERBRACES.COM
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. TONUS ELAST SIA.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. LANAFORM
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. BAUERFEIND USA INC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. OTTOBOCK
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. DICARRE LLC
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. LOHMANN AND RAUSCHER GMBH ANDCO. KG
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. JUZO
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Mueller Sports Medicine, Inc
2. DJO Global
3. BetterBraces.com
4. TONUS ELAST SIA.
5. LANAFORM
6. Bauerfeind USA Inc.
7. Ottobock
8. Dicarre LLC
9. Lohmann & Rauscher GmbH & Co. KG
10. Juzo
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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