Lower Extremity Post-operative Orthotics Market Is Projected To Expand At a CAGR of ~5% from 2019 to 2027

Transparency Market Research (TMR) has published a new report on the lower extremity post-operative orthotics market for the forecast period of 2019–2027. According to the lower extremity post-operative orthotics market report, the global lower extremity post-operative orthotics market was valued at ~US$ 785 Mn in 2018, and is projected to expand at a CAGR of ~5% from 2019 to 2027. Rise in the number of surgeries and favorable government policies & initiatives in developing countries are the major factors anticipated to drive the global lower extremity post-operative orthotics market during the forecast period.

Increase in Number of Hospitals and e-Commerce Platforms to Propel Lower Extremity Post-operative Orthotics Market

Changing demographics in developing countries such as China, India, Brazil, and South Africa are expected to provide opportunities for medical device manufacturers in the next few years. Public and private healthcare expenditure in these countries is likely to rise during the forecast period. This, in turn, is projected to increase the number of hospitals in these countries in the near future.

According to China’s National Health and Family Planning Commission (NHFPC), the number of private hospitals in China doubled in just six years, i.e., from 2011 to 2017, to reach 16,900. Private hospitals accounted for over 57% of the total hospitals in the country.

Get Sample Copy of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=72776

According to the Department of Industrial Policy and Promotion (DIPP) of India, hospitals and diagnostic centers in India witnessed foreign direct investments (FDIs) of US$ 6.09 Bn between April 2000 and March 2019.

China and India are also witnessing technological advancements and development of e-Commerce platforms at a significant rate. Online platforms offer orthotic products at discounted prices as compared to retail sellers, thereby driving the lower extremity post-operative orthotics market.

Increase in healthcare expenditure coupled with rise in the global per capita income augments the global orthopedics industry, including the lower extremity post-operative orthotics market.

Asia Pacific Lower Extremity Post-operative Orthotics Market to Grow at Rapid Pace

North America held a major share of the global lower extremity post-operative orthotics market in terms of revenue in 2018, and is projected to sustain its share in the global lower extremity post-operative orthotics market during the forecast period. This is due to the high adoption of better treatment options and favorable reimbursement policies. The region is also home to several key players such as DJO GlobalHanger, Inc., and Breg, Inc. This is likely to boost the global lower extremity post-operative orthotics market in North America even further.

Get Report Methodology @ https://www.transparencymarketresearch.com/sample/sample.php?flag=RRM&rep_id=72776

The lower extremity post-operative orthotics market in Asia Pacific is anticipated to expand at a high CAGR from 2019 to 2027.

Increase in affordability and adoption of novel treatment methods for the well-being of the rapidly growing population with orthopedic disorders in the region makes it one of the most lucrative markets for lower extremity post-operative orthotics.

Enquiry Before Buying @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=72776

Related Reports – 

Closed System Transfer Devices Market – https://www.prnewswire.com/news-releases/closed-system-transfer-devices-market-cstd-market-to-reach-us2-4-bn-by-2030-tmr-study-301645816.html

Metagenomics Market – https://www.globenewswire.com/news-release/2022/10/11/2532175/0/en/Metagenomics-Market-Exclusive-Report-on-Revenue-and-Profit-Sources-Analysis-TMR-Study.html

About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update – https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-345

Leave a Comment

%d bloggers like this: