Australia markets closed
  • ALL ORDS

    7,707.20
    +102.00 (+1.34%)
     
  • AUD/USD

    0.7129
    +0.0010 (+0.15%)
     
  • ASX 200

    7,405.40
    +91.50 (+1.25%)
     
  • OIL

    71.57
    -0.48 (-0.67%)
     
  • GOLD

    1,793.30
    +8.60 (+0.48%)
     
  • BTC-AUD

    69,528.09
    -3,072.59 (-4.23%)
     
  • CMC Crypto 200

    1,287.74
    -33.54 (-2.54%)
     

Hip Orthosis Market Predicted to Jump Over $552.3 Million by 2030- Allied Market Research

·4-min read

North America contributed to the highest Hip orthosis market share in 2020, and is expected to continue its lead position by 2030.

Portland, OR, Oct. 20, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global hip orthosis market generated $354.7 million in 2020, and is estimated to reach $552.3 million by 2030, witnessing a CAGR of 4.7% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.

Surge in incidence of musculoskeletal conditions and rise in number of road accidents drive the growth of the global hip orthosis market. However, changes in payer reimbursements hinder the market growth. On the other hand, increase in awareness regarding benefits of hip orthosis on the quality of life, especially in developing nations such as India and China presents new opportunities in the coming years.

Download Report Sample PDF- https://www.alliedmarketresearch.com/request-sample/3416

Impact of Covid-19 on Hip Orthosis Market-

  • The Covid-19 pandemic impacted outpatient clinics, rehabilitation centers, emergency & elective surgeries, resident training, telemedicine, personnel management, and all sub-specialties of orthopedics.

  • There has been a significant shift in resources to Covid wards in hospitals with rapid increase in number of patients infected with the Covid-19. This shift postponed non-urgent surgeries. Moreover, there has been a decline in patient visits to avoid cross-contamination.

  • Manufacturing activities of hip orthosis products were hampered due to lockdown restrictions. The raw material shortage occurred due to supply chain disruptions.

Get detailed COVID-19 impact analysis on the Hip Orthosis Market- https://www.alliedmarketresearch.com/request-for-customization/3416?reqfor=covid

The report offers detailed segmentation of the global hip orthosis market based on modality, product type, application, age group, and region.

Based on modality, the wearable hip orthosis segment accounted for the largest share in 2020, contributing to around two-thirds of the total share, and is projected to maintain its leadership status during the forecast period. In addition, this segment is estimated to manifest the highest CAGR of 5.1% from 2021 to 2030. The research also analyzes the fixed hip orthosis segment.

Based on application, the osteoarthritis segment held the highest share in 2020, accounting for nearly half of the global hip orthosis market, and is expected to maintain its dominant share throughout the forecast period. Moreover, this segment is projected to register the largest CAGR of 5.5% from 2021 to 2030.

For Purchase Inquiry- https://www.alliedmarketresearch.com/purchase-enquiry/3416

Based on region, North America contributed to the highest share in 2020, accounting for more than one-third of the total market share, and is expected to continue its lead position by 2030. However, Europe is estimated to portray the fastest CAGR of 5.6% during the forecast period.

Leading players of the global hip orthosis market analyzed in the research include RCAI, Bauerfeild, DJO Global, Blunding, Steeper, Hanger Clinic, Innovation Rehab, Ottobock, Becker Orthopedic, and Ossur.

Official Press Release- https://www.alliedmarketresearch.com/press-release/hip-orthosis-market.html

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) Offered by Allied Market Research:

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact
David Correa

5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting