Spinal Orthosis Market Report Overview
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The global spinal orthosis market size was USD 397.7 million in 2022 and market is projected to touch USD 611.7 million by 2031, at a CAGR of 4.9% during the forecast period. The sudden decline in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
An external support system called a spinal orthosis is used to improve or correct the spine's alignment. Many different spine disorders, such as scoliosis, kyphosis, and lordosis, can be treated with it. Spinal orthoses can be constructed specifically for each patient's needs and come in a variety of sizes and shapes. The field of medicine known as orthotics, which means "to straighten, to align," focuses on the creation and usage of braces or orthoses. "An externally applied device used to modify the structural and functional properties of the neuromuscular and skeletal system" is what an orthosis is defined as in the dictionary.
The demand for spinal orthoses is rising as the population ages. The expansion of this industry is also being driven by the rise in the number of people suffering from back discomfort. Future market growth will also be influenced by rising patient and healthcare provider awareness of spinal orthoses and their advantages. Improved patient treatment options brought about by technological developments in orthosis design are anticipated to result in higher acceptance rates of these devices by both patients and healthcare professionals, fueling the expansion of this market over time. Due to their capacity to reduce pain brought on by chronic conditions like arthritis, diabetes, obesity, etc., spinal orthoses are projected to see an increase in popularity over time.
COVID-19 Impact: Cancellation of Numerous Spine Surgeries to Hamper Market Growth
The broad relocation of hospital resources to deal with the influx of COVID-19 cases as a result of COVID-19 led to the cancellation of numerous spine surgery. The objective of this study was to measure the effect that COVID-19 had on the number of diagnosed and treated spinal problems throughout the pandemic. The coronavirus illness (COVID-19) pandemic has had an extraordinary effect on medical services all around the world. In this ever-changing and uncertain environment, surgical specialties in particular had to react quickly and adapt to keep up with the needs of their patients. The majority of spinal surgeons' work was eliminated with the closure of elective surgery and outpatient clinics. Throughout the pandemic, it was crucial to continue providing emergency spinal treatment.
Latest Trends
"Standard Anterior Panel to Attract Customers"
In a orthosis, the standard anterior panel (SAP) is a piece of equipment that gives the spine support and stability. It aids in easing lower back discomfort brought on by herniated discs, degenerative disc disease, or injuries. A sandwich of aluminum honeycomb is sandwiched between two plastic or fiberglass reinforced nylon fabric panels that make up the SAP. One of the main purposes of this product is to shield the nerve roots from pressure while also giving uncomfortable areas a firm support.
Spinal Orthosis Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into extended anterior panel, standard anterior panel and spinal orthosis.
In terms of product, standard anterior panel is the largest segment.
- By Application Analysis
Based on application, the market can be divided into household and commercial use.
In terms of application, commercial use is the largest segment.
Driving Factors
"Rising Rates of Back and Neck Discomfort to Enhance Market Sales"
Over half of the total revenue came from the residential application category, which led the worldwide spinal orthosis market growth. The demand for spinal orthoses in this market is primarily driven by the ageing population and rising rates of back and neck discomfort. Due to a surge in sports injuries and military uses in various countries, commercial utilization is anticipated to develop at a CAGR exceeding. Additionally, during the projection period, the high expenses of medical treatments can act as a limitation on this segment's expansion.
"Rising Awareness About Spine Health to Augment Market Growth"
People are becoming more and more conscious of the importance of spine health to overall health and wellbeing. As a result, there is now more need for preventive measures such spinal orthoses, which can aid with posture and back pain reduction. The global market is expanding as a result of the increased incidence of chronic disorders like obesity, arthritis, and diabetes. These ailments frequently result in musculoskeletal issues including joint discomfort that can be efficiently treated by using the right orthoses equipment.
Restraining Factors
"Prolapsed Or Herniated Disc in humans to Impede Market Expansion"
The intervertebral disc is linked to a variety of problems. A prolapsed or herniated disc frequently results in consequences, many of which are degenerative in nature. Ageing, trauma, recurrent stresses, or wear and tear are all potential causes of disc degeneration. More commonly referred to as a spine bend to the side. The curve may take the form of a S or C. However, congenital, degenerative, or brought on by trauma or tumors are frequently the causes. Sometimes they are idiopathic in origin.
Spinal Orthosis Market Regional Insights
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"North America to Dominate the Market Due to Rise in Back Pain Cases"
In terms of revenue share, North America dominated the world market. Due to the rise in back pain cases, the ageing population, and expanding public awareness of post-operative rehabilitation, the spinal orthosis market share is anticipated to experience rapid expansion. Adults endure low back discomfort at least once a year, and some have had it within the last three months, according to the American Chiropractic Association. Additionally, extended anterior panel-based products hold a leading position in the Asia Pacific and North American regions due to their broad application potential and accessibility at lower costs than conventional anterior panel-based products when all regions are taken into account.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Corflex (U.S.)
- Proteor (U.S.)
- OPTEC (U.S.)
- DJO Global (U.S.)
- Bauerfeind (German)
- DeRoyal (France)
- US Orthotics (U.S.)
- Freeman Mfg (U.S.)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 397.7 Million in 2022 |
Market Size Value By |
US$ 611.7 Million by 2031 |
Growth Rate |
CAGR of 4.9% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global spinal orthosis market expected to touch by 2031?
The global spinal orthosis market is expected to touch USD 611.7 million by 2031.
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What CAGR is the spinal orthosis market expected to exhibit during 2022-2031?
The spinal orthosis market is expected to exhibit a CAGR of 4.9% over 2022-2031.
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Which are the driving factors of the market?
Rising rates of back and neck discomfort and rising awareness about spine health are the driving factors of the market.
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Which are the top companies operating in the market?
Corflex, Proteor, OPTEC, DJO Global, Bauerfeind, DeRoyal, US Orthotics, Freeman Mfg, Kingston Clinic, Professional Technologies International, Boston Orthotics?Prosthetics, Steeper, Orthomerica Products, Aspen, FLA Orthopedics, Skyland Prosthetics?Orthotics, Trulife, Spinal Technology, Allard are the top companies operating in the market.