Orthotic Devices Market - Forecast(2021 - 2026)
Orthotic Devices Market Overview Orthotic devices are particularly beneficial for the patients suffering from arthritis, musculoskeletal and orthopedic ailments, deformities and abnormal posture alignment among others. These devices are applied externally and can help correct any abnormalities or biomechanical alignment of the body. The market is estimated to grow at a CAGR of 5.25% during the forecast period 2018-2023. The Asia-Pacific orthotic devices market is forecast to grow at a CAGR of 8.14%, which can be mainly attributed to the technological advances in bulk manufacturing of OTC orthotics. Request Sample Orthotic Devices Market Outlook There are various types of orthotic devices available in the market with each having its own benefit. Based on their manufacturing method, the global orthotics market is divided into two types: prefabricated orthotic devices and custom-made orthotic devices. The share of custom orthotic devices in the overall market is expected to increase i