Global Orthotic Devices Market Analysis and Forecast (2014 -2020) June 2014

IndustryARC found that the global custom-made orthotic devices market is expected to increase from around $1.98 billion in 2014 to around $3.15 billion by 2020, growing at a CAGR of around 7.97% from 2014 to 2020, which is again, extremely impressive, given the fact that it is more than 35% growth. With the rise in demand for orthotic devices with regards to a number of diseases and disorders, like diabetes, arthritis, cancer, limb deformities, et al, there is going to be a huge pool of demand for such devices which would be catering to specialized needs of individuals. That will need the manufacturers to become more technically adept and hone special skills, and improve their technical expertise considerably to provide the user products which would be of top quality. In the future, with innovations using 3D printing and CAD/CAM based models increasingly, this will help manufacturers and researchers develop unique devices that act specifically to treat or support patients with specific disorders. Table1 Global Orthotic Devices Market, By Device Type, 2013-2020 ($m) DEVICE 2013 2014 2020 xx xx xx xx xx xx xx xx Braces xx xx xx xx Splints xx xx xx xx Gait Plate xx xx xx xx Night Bars xx xx xx xx Shoes xx xx xx xx xx xx xx Functional Accommodative By Type of Texture CAGR (2014 2020) Rigid xx xx xx xx Soft xx xx xx xx Semi-rigid xx xx xx xx xx xx Inserts Arch Supports xx xx xx xx Insoles xx xx xx xx

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