The Asia Pacific Hip Orthosis Market would witness market growth of 8.9% CAGR during the forecast period (2021-2027).
The hip orthosis is an external device used to align, support, prevent, and correct deformities or to improve the function of the hip joints. These orthoses are used to protect joints and minimize pain by holding the joints in a stationary position. In addition, these orthoses are useful for the treatment of several medical conditions such as hip dislocation, osteoarthritis, coxa Valgum/varum, hip fracture, developmental/congenital dysplasia of the hip, and post-operative. Moreover, these orthoses show the optimum results when they are directly applied against the skin. The human body may face three types of hip disorders like Perthes disease, developmental dysplasia, and chronic hip instability.
Further, the technological advancements in non-invasive surgeries and the presence of affordable healthcare facilities in well-established nations are some of the factors attributed to increased growth of the market in the coming years. The issues related to the traditional devices like deterioration of implants and increased metallic ions in the bloodstream of the patients over time are now resolved with the arrival of non-metal materials like ceramic and polymer. Moreover, the period of staying in hospital after hip replacement surgery is reduced to less than four days with the advent of the latest operating techniques.
The hip orthosis market is displaying promising growth in Asia-Pacific. The demand for hip orthosis devices is high in nations like China, India, Japan, and South Korea. Additionally, factors such as rapid urbanization, growing geriatric population, increasing government initiatives to offer better quality medical treatment, and rising disposable income are expected to drive the demand and growth of hip orthosis in the regional market.
Moreover, the availability of resources has facilitated the advancement of the latest technology at a reasonable cost that has resulted in manufacturing growth in nations like India and China. Further, a significant surge in healthcare spending in developing markets of the region is supporting the growth of the market. The chances of hip fractures and Perthes disease are high in the geriatric population and children due to which the demand for hip orthosis devices is high in this region. Thus, it is anticipated that these factors will escalate the growth of the regional hip orthosis market in the forthcoming years.
The China market dominated the Asia Pacific Hip Dislocation Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7.5 million by 2027. The Japan market is exhibiting a CAGR of 8.7% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 9.9% during (2021 - 2027).
Based on Age Group, the market is segmented into Adults, Children, and Infants. Based on Product Type, the market is segmented into Hip Abduction, Range of Motion, Sacroiliac (Si) Belt, and Hernia Belt. Based on Mobility, the market is segmented into Wearable and Fixed. Based on Application, the market is segmented into Osteoarthritis, Congenital Dysplasia of the Hip, Coxa Valgum, Hip Fracture, Hip Dislocation, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Hip Orthosis Market is Projected to reach USD 606.9 Million by 2027, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Restorative Care of America, Inc. (RCAI), DJO Global (Colfax Corporation), Bauerfiend AG, Steeper Group, Innovation Rehab Ltd., Hanger, Inc. (Hanger Clinic), Becker Orthopedic, Ottobock SE & Co. KGaA, and össur.
By Age Group
By Product Type
By Mobility
By Application
By Country
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