Toll Free: 1-888-928-9744

Orthotic and Prosthetic (O&P) Devices - US Analysis and Market Forecasts

Published: Aug 1, 2015 | Pages: 136 | Publisher: GlobalData | Industry: Medical Devices | Report Format: Electronic (PDF)

Orthotic and Prosthetic (O&P) Devices - US Analysis and Market Forecasts

Summary

The global orthotics and prosthetics (O&P) market, which includes braces and supports and prosthetic devices, is an expansive market covering a broad range of indications. Braces and supports, external devices that provide support to joints and weakened musculoskeletal groups to facilitate function and healing, are utilized prominently in osteoarthritis management; fracture, sprain, strain, and tear treatment; and prophylactic sports use. For this report, prosthesis use is focused on a single indication: extremity amputation.

The growing global aging population and subsequent rise in the prevalence of diseases that primarily affect the elderly, including diabetes, vascular disease, and osteoarthritis, as well as the increase in adoption of braces and supports for non-invasive treatment, particularly in fracture management and post-operative rehabilitation, are expected to drive growth in the O&P market. Emerging O&P technologies focus on improving patient comfort and functionality to facilitate increased product adoption.

This report examines O&P device adoption and challenges faced by current competitors in the US. The analysis also identifies unmet needs in the market, specifies the major drivers and barriers to device adoption, and provides an understanding of physician perception and outlook with an overall emphasis on current and future industry trends in the US.

Highlights

Key Questions Answered

- What is the current and future O&P market outlook in the US market? What trends are affecting this O&P market?
- Which are the key, high growth markets that O&P manufacturers should expand into? Which markets are growing the fastest, and what are the top-selling products in each segment?
- What are the unmet needs with O&P products currently on the market? How will emerging technologies fulfill these unmet needs?
- What clinical factors and technical specifications influence a physician to use one type of brace or prosthetic device over another? What is physician perception and market outlook of O&P?
- What are the challenges and complications of O&P that have hindered widespread adoption?
- With developing the next-generation of O&P products, what aspects of the technology are device manufacturers focused on optimizing? How will new entrants impact the global O&P market?

Scope

- Annualized total O&P market revenue by type of device, direct and indirect costs of disease, procedure trends, and market outlooks for the US through 2021.
- Key topics covered include strategic competitor assessment, market characterization, identification of unmet needs, reimbursement and regulatory considerations, evaluating market access in the US, and implications of the emerging technologies on the market.
- Pipeline analysis: Comprehensive data split across different stages of development, including a discussion of emerging trends and O&P products in development.
- Analysis of the current and future market competition in the US O&P market. Insightful review of the key industry drivers, opportunities, barriers and challenges. Each trend is independently researched to provide qualitative analysis of its implications.

Reasons to Buy

- "What Physicians Think" quotes provide a unique insight into how healthcare professionals are reacting to events within the industry, and what their responses could mean for industry strategists. In this report you will understand the perceptions of leading orthopedic surgeons and O&P practitioners from around the world. This information is essential for all strategic decision makers in every organization allowing them to act on high quality information.
 Table of Contents
Table of Contents 5 1.1 List of Tables 11 1.2 List of Figures 14 2 Introduction 15 2.1 Catalyst 15 2.2 Related Reports 16 3 Industry Overview 17 3.1 Overview 17 3.2 Procedure Trends 17 3.2.1 By Country 17 3.3 Market Access 18 3.3.1 Purchasing Decisions 18 3.4 Brand Loyalty 19 3.5 Adoption 20 3.6 Regulation 21 3.6.1 US 21 3.7 Reimbursement 22 3.7.1 US 22 3.8 Product Recalls 24 3.8.1 Ability Dynamics Recalls Rush81 Prosthetic Foot (June 2014) 24 3.8.2 Zimmer Recalls Drop-Lok Knee Brace, Cartilage Knee Brace, Hinged Knee Support, and Tennis Elbow Support (April 2014) 25 3.8.3 Ossur Recalls Symbionic Leg (February 2014) 25 3.9 Mergers and Acquisitions 26 3.9.1 Ottobock Entered Licensing Agreement with Ekso Bionics (November 2014) 27 3.9.2 Breg to Merge with United Orthopedic Group (October 2014) 27 3.9.3 Ottobock to Distribute Artec's 3D Scanners (July 2014) 27 3.9.4 Hanger Acquired Prosthetic Laboratories of Rochester (June 2014) 27 3.9.5 Hanger Acquired Four Patient Care Companies (August 2013) 28 3.9.6 Ossur Acquired TeamOlmed for $47m (May 2013) 28 3.9.7 DJO Global Acquired Exos (December 2012) 28 3.9.8 Hanger Acquired Two Patient Care Companies (December 2012) 28 3.9.9 Hanger Acquired Five Companies (August 2011) 29 3.9.10 Thuasne Acquired Townsend Design (January 2011) 29 3.10 Economic Impact 29 3.10.1 Indirect Costs 29 3.10.2 Direct Costs 30 4 Unmet Needs 32 4.1 Need for More Upper Limb Prostheses 32 4.2 Reducing Custom Orthosis and Prosthesis Production Timeline 34 4.3 Lower Limb Prosthetic Socket Fit 36 4.4 Changes in Patient Need 38 4.5 Replacement and Reimbursement Limitations 39 4.6 Shortage of Orthotic and Prosthetic Professionals 43 5 Market Drivers, Barriers, and Opportunities 46 5.1 Driver: Combat Injuries 46 5.2 Driver: Aging Global Population 46 5.3 Driver: Orthoses Used as Non-invasive and Mobile Treatments 48 5.4 Driver: Diabetes and Vascular Disease 49 5.5 Barrier: Medical Device Excise Tax 50 5.6 Barrier: Established Orthotics and Prosthetics Market 50 5.7 Barrier: Restricted Reimbursement 51 5.8 Opportunity: Active Lower Extremity Prostheses 52 5.9 Opportunity: Computer Aided Design and Computer Aided Manufacture 53 5.10 Opportunity: 3D Printing 54 5.11 Opportunity: Osseointegration 55 6 Competitive Assessment 58 6.1 Overview 58 6.2 Technology and Product Offerings 58 6.3 Product Portfolios 59 6.3.1 Bauerfeind 59 6.3.2 Breg 60 6.3.3 BSN 62 6.3.4 DeRoyal 63 6.3.5 DJO 64 6.3.6 Endolite (Blatchford) 66 6.3.7 Hanger 67 6.3.8 Medi 68 6.3.9 Ossur 69 6.3.10 Ottobock 71 6.3.11 Spinal Tech 73 6.3.12 Touch Bionics 74 6.3.13 WillowWood 76 6.4 Product Category SWOT Profiles 78 6.4.1 Orthotics 78 6.4.2 Prosthetics 79 7 Pipeline Assessment 81 7.1 Orthotic Products 81 7.2 Prosthetic Products 82 8 Clinical Trials to Watch 86 8.1 Overview 86 8.2 Osseointegrated Prostheses for the Rehabilitation of Amputees (OPRA) 86 8.3 Use of Subtle Vibration to Improve Walking Ability by Lower Limb Amputees 87 8.4 Home Study of an Advanced Upper Limb Prosthesis 88 8.5 Feasibility of Implantable Myoelectric Sensors to Control Upper Limb Prostheses (IMES) 88 8.6 The General Use of Robots in Stroke Recovery: The Anklebot 89 8.7 Validation of a New Generation of Optimized Orthoses for Personalized Treatment of Adolescent Idiopathic Scoliosis 89 8.8 Comparing Functional Outcomes in Individuals Using Micro-processor Controlled Orthosis Versus Stance Control Orthosis 90 8.9 Comparative Effectiveness Between Microprocessor Knees and Non-Microprocessor Knees (MPK-AOPA) 91 9 Current and Future Players 93 9.1 Overview 93 9.2 Trends in Corporate Strategy 93 9.3 Bauerfeind AG 94 9.3.1 Overview 94 9.3.2 Portfolio Assessment 95 9.3.3 SWOT Analysis 95 9.4 Breg, Inc. 95 9.4.1 Overview 95 9.4.2 Portfolio Assessment 97 9.4.3 SWOT Analysis 97 9.5 BSN Medical GmbH 97 9.5.1 Overview 97 9.5.2 Portfolio Assessment 98 9.5.3 SWOT Analysis 98 9.6 DeRoyal Industries, Inc. 99 9.6.1 Overview 99 9.6.2 Portfolio Assessment 99 9.6.3 SWOT Analysis 100 9.7 DJO Global, Inc. 100 9.7.1 Overview 100 9.7.2 Portfolio Assessment 101 9.7.3 SWOT Analysis 101 9.8 Endolite (Blatchford) 102 9.8.1 Overview 102 9.8.2 Portfolio Assessment 102 9.8.3 SWOT Analysis 103 9.9 Hanger, Inc. 103 9.9.1 Overview 103 9.9.2 Portfolio Assessment 104 9.9.3 SWOT Analysis 104 9.10 Medi GmbH & Co. KG 105 9.10.1 Overview 105 9.10.2 Portfolio Assessment 105 9.10.3 SWOT Analysis 106 9.11 Ossur hf. 106 9.11.1 Overview 106 9.11.2 Portfolio Assessment 107 9.11.3 SWOT Analysis 107 9.12 Ottobock HealthCare GmbH 108 9.12.1 Overview 108 9.12.2 Portfolio Assessment 109 9.12.3 SWOT Analysis 109 9.13 Spinal Technology, Inc. 110 9.13.1 Overview 110 9.13.2 Portfolio Analysis 110 9.13.3 SWOT Analysis 111 9.14 Touch Bionics Limited 111 9.14.1 Overview 111 9.14.2 Portfolio Assessment 112 9.14.3 SWOT Analysis 112 9.15 WillowWood 112 9.15.1 Overview 112 9.15.2 Portfolio Assessment 113 9.15.3 SWOT Analysis 113 10 Strategic Competitive Assessment 114 10.1 Orthotics: Company Market Share 114 10.1.1 By Country 114 10.2 Prosthetics: Company Market Share 115 10.2.1 By Country 115 11 Market Outlooks by Geography 116 11.1 Orthotics 116 11.1.1 US 116 11.2 Prosthetics 118 11.2.1 US 118 12 Appendix 121 12.1 Bibliography 121 12.2 Abbreviations 126 12.3 Report Methodology 129 12.3.1 Overview 129 12.3.2 Coverage 129 12.3.3 Secondary Research 129 12.4 Forecasting Methodology 131 12.5 Physicians and Specialists Included in This Study 132 12.5.1 Key Opinion Leaders 132 12.6 Primary Research - Prescriber Survey 133 12.7 About the Authors 133 12.7.1 Analysts 133 12.7.2 Global Head of Healthcare 134 12.8 About GlobalData 135 12.9 Disclaimer 135
List of Tables
Table 1: Medicare ICD-9 Codes and DRG codes for Common Orthotic and Prosthetic Needs 22 Table 2: HCPCS Codes for Common Orthotic and Prosthetic Devices, 2015 24 Table 3: Mergers and Acquisitions (2011-2014) 26 Table 4: Bauerfeind's Orthotics Portfolio 60 Table 5: Breg's Orthotics Portfolio 61 Table 6: Bledsoe Brace Systems' Orthotics Portfolio 62 Table 7: BSN Medical's Orthotics Portfolio 63 Table 8: DeRoyal's Orthotics Portfolio 64 Table 9: DJO's Orthotics Portfolio 65 Table 10: Endolite's Prosthetics Portfolio 66 Table 11: Hanger's Orthotics Portfolio 68 Table 12: Medi's Orthotics and Prosthetics Portfolio 69 Table 13: Ossur's Orthotics and Prosthetics Portfolio 70 Table 14: Ottobock's Orthotics and Prosthetics Portfolio 72 Table 15: Spinal Tech's Orthotics Portfolio 74 Table 16: Touch Bionics' Prosthetics Portfolio 76 Table 17: WillowWood's Prosthetics Portfolio 77 Table 18: SWOT Analysis - Custom-Fabricated Orthoses 78 Table 19: SWOT Analysis - Off-the-Shelf Orthoses 78 Table 20: SWOT Analysis - Active Upper Extremity Prostheses 79 Table 21: SWOT Analysis - Passive Upper Extremity Prostheses 79 Table 22: SWOT Analysis - Mechanical Lower Limb Prostheses 79 Table 23: SWOT Analysis - Microprocessor Lower Limb Prostheses 80 Table 24: SWOT Analysis - Non-functional Lower Limb Prostheses 80 Table 25: Pipeline Products in the Global Orthotics Market, 2015 81 Table 26: Pipeline Products in the Global Prosthetics Market, 2015 83 Table 27: Osseointegrated Prostheses for the Rehabilitation of Amputees (OPRA) 87 Table 28: Use of Subtle Vibration to Improve Walking Ability by Lower Limb Amputees 87 Table 29: Home Study of an Advanced Upper Limb Prosthesis 88 Table 30: Feasibility of Implantable Myoelectric Sensors to Control Upper Limb Prostheses (IMES) 89 Table 31: The General Use of Robots in Stroke Recovery: The Anklebot 89 Table 32: Validation of a New Generation of Optimized Orthoses for Personalized Treatment of Adolescent Idiopathic Scoliosis 90 Table 33: Comparing Functional Outcomes in Individuals Using Micro-processor Controlled Orthosis Versus Stance Control Orthosis 91 Table 34: Comparative Effectiveness Between Microprocessor Knees and Non-Microprocessor Knees (MPK-AOPA) 92 Table 35: Company Profile - Bauerfeind AG 95 Table 36: SWOT Analysis - Bauerfeind 95 Table 37: Company Profile - Breg, Inc. 96 Table 38: SWOT Analysis - Breg 97 Table 39: Company Profile - BSN Medical GmbH 98 Table 40: SWOT Analysis - BSN 98 Table 41: Company Profile - DeRoyal Industries, Inc. 99 Table 42: SWOT Analysis - DeRoyal 100 Table 43: Company Profile - DJO Global, Inc. 101 Table 44: SWOT Analysis - DJO 101 Table 45: Company Profile - Endolite 102 Table 46: SWOT Analysis - Endolite 103 Table 47: Company Profile - Hanger 104 Table 48: SWOT Analysis - Hanger 104 Table 49: Company Profile - Medi GmbH & Co. KG 105 Table 50: SWOT Analysis - Medi 106 Table 51: Company Profile - Ossur hf. 107 Table 52: SWOT Analysis - Ossur 107 Table 53: Company Profile - Ottobock HealthCare GmbH 109 Table 54: SWOT Analysis - Ottobock 109 Table 55: Company Profile - Spinal Technology, Inc. 110 Table 56: SWOT Analysis - Spinal Tech 111 Table 57: Company Profile - Touch Bionics Limited 111 Table 58: SWOT Analysis - Touch Bionics 112 Table 59: Company Profile - WillowWood 113 Table 60: SWOT Analysis - WillowWood 113 Table 61: US Market Value Forecast by Market Segment for Orthotics, $m, 2012-2021 117 Table 62: US Market Value Forecast by Market Segment for Prosthetics, $m, 2012-2021 119


List of Figures
Figure 1: US Procedure Volume Forecast by Market Segment, 2012-2021 18 Figure 2: US Company Market Shares for Orthotics, 2014 114 Figure 3: US Company Market Shares for Prosthetics, 2014 115 Figure 4: US Market Value Forecast by Market Segment for Orthotics, $m, 2012-2021 116 Figure 5: US Market Value Comparison by Market Segment for Orthotics, 2014 & 2021 118 Figure 6: US Market Value Forecast by Market Segment for Prosthetics, $m, 2012-2021 119 Figure 7: US Market Value Comparison by Market Segment for Prosthetics, 2014 & 2021 120

To request a free sample copy of this report, please complete the form below.

This website is secure and your personal details are safe. Privacy policy

Global non halogenated flame retardants market size is anticipated to be valued at USD 2.54 billion by 2020, as per a new research report by Radiant Insights, Inc. Increasing safety materials demand owing to low heat & smoke emission properties in c

Read More...

Global intelligent transportation system (ITS) market is estimated to attain USD 38.68 billion by 2020, as per a new research report by Radiant Insights, Inc. Cost effectiveness along with escalating need for road safety is likely to boost global dem

Read More...

Global contact lenses market size is estimated to reach USD 12.5 billion by 2020, according to a new industry report by Radiant Insights, Inc. Growing number of ophthalmic disorder observed in global population especially children is likely to drive

Read More...

Global lignin market size is expected to exceed USD 6 billion by 2022, growing at 4.9% from 2015 to 2022. Rising demand for animal feed and potential as a feedstock substitute to crude oil are expected to drive lignin market demand over the forecast

Read More...

Global Automated Test Equipment (ATE) market is expected to be valued at USD 4.48 billion by 2020, as per a new research report by Radiant Insights, Inc. Increasing design complexity coupled with need for effective testing is expected to drive the gl

Read More...
Choose License Type
Single User - US $4450
Multi User - US $8900
Why Choose Us

24/5 Research support

Get your queries resolved from an industry expert. Request for a free product review before report purchase.

Phone: 1-415-349-0054

Toll Free: 1-888-928-9744

Email: [email protected]

Custom research service

Speak to the report author to design an exclusive study to serve your research needs.

Quality assurance

A testimonial for service excellence represented in the form of BBB "A" Accreditation.

Information security

Your personal and confidential information is safe and secure.

verify