Market Analysis

March 2014

Orthotic and Prosthetic Devices | US | 2014 | Market Analysis

Introduction:

The US market for orthotic and prosthetic devices will continue to grow through 2022, despite significant reimbursement issues that will restrict device ASPs and, in some segments, the provision of certain premium products.

This Medtech 360 Report provides comprehensive data and analysis on the current state of the market for orthotic and prosthetic devices in the US across a 10-year period.

Millennium Research Group has up-to-date reports on a wide range of medical device markets worldwide.

Questions Answered in This Report:

  *   In 2013, the market for orthopedic braces was, by far, the largest segment of the orthotic device market in the US.

Which bracing segments will see the strongest unit sale growth over the forecast period?

What factors will contribute to ASP declines across various bracing segments?

  *   Over-the-counter orthotic devices available via retail channels represent an increasingly prevalent sales model.

How will the market for prescription-based orthotic devices be impact by this ongoing shift?

How is this development influencing the overall competitive landscape of the orthotic device market?

  *   Increasing prevalence of diabetes and PAD will contribute to amputation volumes, and therefore prosthetic device sales, through 2022.

How will declining rates of amputation within specific disease populations mitigate this expansion?

Over time, how will amputation volumes breakdown by anatomy?

  *   Medicare audits of lower extremity prosthetic device provision have negatively impacted the foot and knee component markets.

What device subsegments will be most heavily impacted by this increased scrutiny?

What strategies are large manufacturers using to mitigate the negative impact of this trend?

Scope:

Geographies Covered: US

Procedures Covered: Millennium Research Group's analysis uses the following breakdown of procedures:

Procedure Type

Amputation

Anatomy

Upper-Extremity

Anatomy

Below Elbow

Above Elbow

Lower-Extremity

Anatomy

Below Knee

Above Knee

Products Covered: Millennium Research Group's analysis uses the following breakdown of products in the market:

Product Type

Orthotic Devices

Product Type

Orthopedic Braces

Product Type

Rigid Braces

Anatomy

Knee

Product Type

Ligament

Postoperative

Osteoarthritis

Back

Ankle

Elbow

Wrist

Shoulder

Hip

Soft Braces

Anatomy

Knee

Back

Ankle

Elbow

Wrist

Shoulder

Hip

Walker Boots

Product Type

Pneumatic

Nonpneumatic

Other Orthotic Devices

Product Type

Orthotic Shoes

Product Type

Stock

Custom

Orthotic Inserts

Product Type

Stock

Custom

Prosthetic Devices

Product Type

Anatomic Components

Anatomy

Lower-Extremity

Anatomy

Foot

Component

Mechanical

Microprocessor

Knee

Component

Mechanical

Microprocessor

Hip

Upper-Extremity

Anatomy

Hand

Component

Mechanical

Myoelectric

Elbow

Component

Body-Powered

Externally Powered

Shoulder

Liners

Sockets

Modular Components*

Market Forecast Features: Based on primary research with industry professionals, Millennium Research Group uses its proprietary forecasting model to provide an in-depth examination of current and future trends in procedure volumes, unit sales, ASPs, and market values over a 10-year period (2012–2022).

Competitive Analysis: Millennium Research Group provides a detailed analysis of the competitive landscape and market shares for leading competitors.

Authors:

Brady Baker

Contributors
April Chan
Samuli Heilala, M.Sc.
Veronica Ross



Search Reports

Mentioned in this report:

  • 3M Health Care
  • 3-Point Products
  • Ability Dynamics
  • Acor Orthopaedic
  • Acsys Orthopedic
  • Aesthetic Prosthetics
  • Aetrex
  • Allied Plastic Supply
  • ALPS
  • American Prosthetic Components
  • Apis Footwear
  • A&P Technology
  • Aspen Medical Products
  • Aulie Devices
  • Bauerfeind USA
  • Becker Orthopedic
  • Bell-Horn Orthopedics
  • BiOM
  • Biomedical Horizons
  • Biomet
  • BioQuest Prosthetics
  • Bio Skin
  • Bird and Cronin
  • Bledsoe Brace Systems
  • Bort-Swiss Orthopedic Supply
  • Boston Brace
  • Breg
  • Brownmed
  • BSN medical
  • BULLDOG Tools
  • Cascade Orthopedic Supply
  • Center for Orthotics Design
  • Cho-Pat
  • College Park
  • Comfort Products
  • Coyote Design
  • Crocs
  • Cybertech Medical
  • DARCO International
  • DeRoyal
  • DJO Global
  • Dycor Technologies
  • Dynatronics
  • Elite Orthopaedics
  • Endolite
  • Engineered Silicone Products
  • Euro International
  • Fabtech Systems
  • Factor II
  • Ferrier Coupler
  • Fillauer
  • FITBIONIC
  • FLA Orthopedics
  • FLO-TECH O&P Systems
  • Foot Petals
  • Foresee Orthopedic Products
  • Freedom Innovations
  • Freeman Manufacturing
  • Friddle's Orthopedic Appliances
  • GRACE Prosthetic Fabrication
  • Heel That Pain
  • Hely & Weber
  • Hope Orthopedic
  • Juzo USA
  • KeepingPace
  • Kinetic Revolutions
  • Kingsley
  • KISS Technologies
  • Liberating Technologies
  • LTI
  • Markell
  • Medical Specialties
  • New Options Sports
  • Orfit Industries
  • Orthaheel
  • Orthocare Innovations
  • Orthofeet
  • Orthomerica Products
  • Ortho-Rite
  • Össur
  • Ottobock
  • Pedag USA
  • Pedors
  • Powerstep
  • PRO Orthopedic Devices
  • Prosthetic Concepts
  • Prosthetic Research Specialists
  • PROTEOR
  • P.W. Minor & Son
  • RS Medical
  • SAI
  • Silipos
  • Sky Medical
  • SoleTech
  • Sorbothane
  • Spenco
  • Spinal Technology
  • SteeperUSA
  • ST&G
  • Superfeet
  • Swede-O
  • Texas Assistive Devices
  • TiMed
  • Touch Bionics
  • Townsend Design
  • Troppman Prosthetics
  • TRS
  • Trulife
  • UCO International
  • U.S. Orthotics
  • VQ OrthoCare
  • WillowWood
  • Zimmer
Decision Resources Group brands include: