An orthosis is an external device which supports and enhances the body alignment, reduces the pain and protects a joint or limb from further deformity. Orthoses can be custom molded and custom fitted according to the requirement. These devices are classified under durable medical devices (DME) and require L-codes for insurance reimbursement. A prosthetic is an artificial limb designed to substitute a missing body part of a patient. Artificial limbs make it possible for people who have lost limb/limbs to functions efficiently and these prosthetics resemble original or natural limbs. The major manufacturers of orthosis in China include Ottobock Healthcare GmbH, Össur hf., TEH LIN PROS. & ORTHO. INC., and Shijiazhuang Wonderfu Rehabilitation Device Technology Co., Ltd., which offer technologically advanced orthosis and prosthetic devices in the country.
Market Dynamics
The increasing prevalence of osteoporosis in the Chinese population is expected to propel growth of China orthosis and prosthetic market, as it increases the demand of orthotic products to improve mobility, immobilization of an injured body part to promote healing, correction of biomechanical misalignments of the injured body part. For instance, according to the study titled ‘The Prevalence of Osteoporosis in China’, published in October 2019, the age-standardized prevalence of osteoporosis at the spine or hip was 6.46% and 29.13% for men and women aged 50 years and older, respectively. Around 10.9 million men and 49.3 million women in China had osteoporosis in 2019.
Key features of the study:
- This report provides in-depth analysis of the China orthosis and prosthetics market, market size (US$ Mn), and compound annual growth rate (CAGR (%)) for the forecast period: 2020-2027, considering 2019 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by leading players
- It profiles key players in the China Orthosis And Prosthetics market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
- Key players covered as a part of this study include Ottobock, Össur hf, Teh Lin Pros. & Ortho. Inc., Shijiazhuang Wonderfu Rehabilitation Device Technology Co., Ltd., Hebei Baisite Prosthetic Orthotic Technology Co., Ltd., Beijing Jingbo Prosthetics & Orthotics Technical Co., Ltd., Nobel China Limited, Shijiazhuang Aofeite Import & Export Co., Ltd., e-Life International Co., Ltd., Rehan International Co., Ltd., and Xiamen Huakang Orthopedic Co., Ltd.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions with respect to future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
- The China Orthosis And Prosthetics market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for progressive familial intrahepatic cholestasis type 2 treatment market, research and consulting firms, new entrants, and financial analysts
Detailed Segmentation:
- China Orthosis And Prosthetics Market, By Product Type:
- Orthosis
- Knee Ankle Foot Orthoses (KAFO)
- Wrist Hand Orthoses (WHO)
- Foot Orthoses (FO)
- Ankle Foot Orthoses (AFO)
- Elbow Orthosis (EO)
- Hip Knee Ankle Foot Orthoses (HKAFO)
- Shoulder Orthoses
- Upper Limb Orthoses
- Others
- Prosthetic
- Below Knee (BK) – Transtibial
- Above Knee (AK) – Transfemoral
- Upper Extremity (UE) - Transradial, Transhumeral
- China Orthosis And Prosthetics Market, By Age Group:
- China Orthosis And Prosthetics Market, By Indication:
- Lower Limb Deformities
- Upper Limb Deformities
- Others (Spinal)
- Company Profiles
- Ottobock*
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Össur hf
- Teh Lin Pros. & Ortho. Inc.
- Shijiazhuang Wonderfu Rehabilitation Device Technology Co., Ltd.
- Hebei Baisite Prosthetic Orthotic Technology Co., Ltd.
- Beijing Jingbo Prosthetics & Orthotics Technical Co., Ltd.
- Nobel China Limited
- Shijiazhuang Aofeite Import & Export Co., Ltd.
- e-Life International Co., Ltd.
- Rehan International Co., Ltd.
- Xiamen Huakang Orthopedic Co., Ltd.
“*” marked represents similar segmentation in other categories in the respective section.
