PEDIATRIC ANKLE ORTHOSES MARKET ANALYSIS

The global pediatric ankle orthoses market is estimated to be valued at US$ 269.8 million in 2023 and is expected to exhibit a CAGR of 6.9% during the forecast period (2023-2030).

Analysts’ Views on Global pediatric ankle orthoses market:

Patients with immature skeletons are more likely to suffer from physical fractures than ligament tears, which can result in physical damage and incapacity. The necessity and demand for the use of ankle orthoses is growing due to an increase in injuries and trauma requiring surgical procedures, which is anticipated to fuel the expansion of the global market for pediatric ankle orthoses over the forecast period. For instance, in December 2020, according to an article published in the journal of PLoS one, the overall incidence was 1,229 fractures per 100,000 individuals per year with yearly fracture incidence rate of 1.2% in Sweden.

Figure 1. Global pediatric ankle orthoses market Share (%), by Product Type, 2023

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Global pediatric ankle orthoses market – Driver

Rising awareness about the benefits of ankle braces

Ankle sprains are one of the most common injuries among athletes, often causing discomfort and time away from the game. Ankle braces are a fortunate answer to this problem. Increasing awareness of ankle braces usage leads to the use of it for prevention of ankle sprains, which is expected to boost growth of the global pediatric ankle orthoses market over the forecast period. For instance, on May 23 2023, according to an article published by the Seniority.in, a holistic health & lifestyle platform, to meet the physical, mental & social wellbeing of senior adults, stated advantages of wearing ankle braces for athletes during sports.

Growing sports participation among children

The participations of children in organizational sports and recreational activities continues to rise. With this increase there is greater emphasis on injury prevention and the use of ankle braces. For instance, in December 2022, according to an article published by Decathlon Sports India, Ankle braces are used in basketball contests to assist prevent ankle sprains and, as a result, to secure your ankles from any injuries that can interfere with the performance. This tends to the growth of use ankle braces for the forecast period.

Figure 2. Global pediatric ankle orthoses market Value (US$ Million), by Region, 2023

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Global pediatric ankle orthoses market- Regional Analysis

Among regions, North America is estimated to hold a dominant position in the global pediatric ankle orthoses market over the forecast period. North America is estimated to hold 41.5% of the market share in 2023. The North America pediatric ankle orthoses market is expected to witness significant growth in the coming years, driven by factors such as the increasing prevalence of muscular instability and ankle injuries among the pediatrics. Thus, the rise in pediatric ankle orthoses market growth over the forecast period.

Global pediatric ankle orthoses market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others are facing problems with the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a positive impact on the global pediatric ankle orthoses market. COVID-19 has caused a global public health catastrophe that has affected almost every business and industry. The long-term effects are predicted to have an effect on industry growth during the forecasted timeframe. The decline in sales had an effect on major market players, indicating that COVID-19 had a significant effect on the market and restrained its growth. However, throughout the pandemic, orthotics research and development expanded. For instance, in November 2021, according to an article published in the Journal of Function & Disability Journal, there are about 40 million amputees in developing countries, and only 5% of them have access to prosthetic care as reported by the World Health Organization. The professionals' strength is lacking for proper service delivery. The standard need for prosthetics and orthotics delivery is 5 to 10 orthotics and prosthetics clinicians per million population. However, for middle and low-income countries such as India, there is the need for the orthotics and prosthetic care.

Global pediatric ankle orthoses market Segmentation:

The global pediatric ankle orthoses market report is segmented into by Product Type, by Application, and Region.

By Product Type, the pediatric ankle orthoses market is segmented into Elastic Ankle Braces, Light Support, Moderate Support, Extra Support, and Others. Out of which, the Elastic ankle braces segment is expected to dominate the pediatric ankle orthoses market during the forecast period and this is due to the increase in the incidence of ankle sprain injuries and skeletal immaturity in pediatric patients.

By Application, the pediatric ankle orthoses market is segmented into Plantar Fasciitis, Flatfoot, Ankle Sprain, and Others. The ankle sprain segment is expected to dominate the market over the forecast period and this is due to the increasing injuries to the ankle.

Based on Region, the North America is expected to dominate the global pediatric ankle orthoses market over the forecast period. Owing to the rising disability and injuries among the pediatric population, is attributed to the growth of pediatric ankle orthoses market in North America.

Among all segmentation, the product segment has the highest potential due to the increasing inorganic strategies such as partnerships as well as acquisitions over the forecast period. For instance, in April 2021, DJO, LLC., a subsidiary of Colfax Corporation and a global provider of medical technologies to get and keep people moving, announced that it has completed the acquisition of MedShape, Inc., a privately held orthopedic medical device company founded in 2005. MedShape provides innovative surgical solutions for foot and ankle surgeons using its patented superelastic nickel titanium (NiTiNOL) shape memory alloy and shape memory polymer technologies.

Global pediatric ankle orthoses market Cross Sectional Analysis:

Rising incidence of ankle injuries, plantar fasciitis and muscular instabilities in is also expected to boost demand for pediatric ankle orthoses technologies in North America region. For instance, on March 23 2023, according to an article published by Medscape, approximately 10% of the U.S. population experiences bouts of heel pain, which results in 1 million visits per year to medical professionals for treatment of plantar fasciitis.

Global pediatric ankle orthoses market: Key Developments

For instance, in October 2020, WishBone Medical, a pediatric orthopedic company focused globally on the unmet needs of children suffering from orthopedic issues, announced that it received U.S. FDA 510(k) clearance for its pediatric Smart Correction external fixation system.

On April 03 2023, Enovis, an innovation-driven, medical technology growth company, announced a definitive agreement to acquire Novastep, a subsidiary of Amplitude Surgical SA, and global developer of clinically proven foot and ankle solutions. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the second quarter of 2023.

On May 02 2023, Enovis, an innovation-driven, medical technology growth company, announced a definitive agreement to acquire the SEAL external fixation product line from D.N.E., LLC, a company that operates in the Hospital & Health Care industry. The transaction is subject to customary closing conditions and is expected to close towards the end of the second quarter of 2023.

On January 17 2023, Enovis, an innovation-driven medical technology company, announced the launch of the DynaClip Delta and DynaClip Quattro bone staples, the latest additions to the Company’s growing foot and ankle portfolio and the DynaClip family of bone fixation systems.

Global pediatric ankle orthoses market: Key Trends

Rising demand of ankle foot orthoses, increasing need to treat muscular instability

Increasing prevalence of muscular instability in pediatric population, provides a vast for the development in the surge of ankle orthoses, which is attributed to the growth of global pediatric ankle orthoses market. Ankle braces are used to immobilize the joint while providing heat and compression to the bones. For instance, on February 03 2023, The Massachusetts Institute of Technology K. Lisa Yang Center for Bionics has entered into a collaboration with the government of Sierra Leone to strengthen the capabilities and services of that country’s orthotic and prosthetic (O&P) sector. Tens of thousands of people in Sierra Leone need orthotic braces and artificial limbs, but access to such specialized medical care in this African nation is limited.

Global pediatric ankle orthoses market: Restraint

High adoption of alternative therapies for the treatment of foot and ankle disorders

Adoption of various therapies for the treatment of foot and ankle disorders involved the use of implants which is attributed to restrict the growth of global pediatric ankle orthoses over the forecast period. For instance, in December 2022, Enovis, an innovation-driven medical technology company, announced that the U.S. Food and Drug Administration (FDA) has approved the STAR Patient Specific Instrumentation (STAR PSI System) for use with the Company’s STAR total ankle replacement system.

Global Pediatric Ankle Orthoses Market - Key Players

Major players operating in the global pediatric ankle orthoses market include Orthomerica Products, Inc., Restorative care of America, Inc. (RCAI), Bioskin, ING Source, Inc., DJO, LLC, Ottobock, Ortho Europe, Invent Medical Group, Boston Orthotics & Prosthetics, Allard USA, Inc., Surestep, and Truelife

*Definition: A pediatric ankle orthoses is also called as pediatric ankle foot orthotic (AFO) must be prescribed by a specialist and is most often used along with one or more other treatments, such as physical therapy, surgery, or medication. In less severe cases, a pediatric AFO can support healing a foot injury. In the most serious situations, the orthotic may be prescribed for an indefinite period. A pediatric ankle orthoses is a lower extremity braces that provide thin, flexible, external support to the foot, ankle and/or lower leg. They have the particularity to fit firmly the ankle and correct concisely the foot deformity within special pressure points. It is designed to help in improving mobility and stability of the ankle joint and evidence shows that immediate gross motor function improved with the use of (Dynamic Ankle Foot Orthosis) DAFO’s as well. Designed to help a