Wrist Orthosis Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

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.

Wrist Orthosis Market Report Analysis

Wrist Orthosis Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Mueller Sports Medicine, Inc
• DJO Global
• BetterBraces.com
• TONUS ELAST SIA.
• LANAFORM
• Bauerfeind USA Inc.
• Ottobock
• Dicarre LLC
• Lohmann & Rauscher GmbH & Co. KG

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product

• Ordinary Splint Type
• Inflatable Type

By Application

• Children
• Adults

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.

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•   Mueller Sports Medicine, Inc
  
•   DJO Global
  
•   BetterBraces.com
  
•   TONUS ELAST SIA.
  
•   LANAFORM
  
•   Bauerfeind USA Inc.
  
•   Ottobock
  
•   Dicarre LLC
  
•   Lohmann & Rauscher GmbH & Co. KG
  
•   Juzo
  

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.

Wrist Orthosis Market Report Scope