Hip Orthosis Market Overview

Orthoses are external devices that are used to support, align, prevent, or correct deformities or improve the function of movable parts of the body. The hip orthosis market is a segment of the orthosis market specifically focused on devices that support and provide stability to the hip joint. These devices are commonly used in patients with hip injuries, hip dysplasia, or after hip replacement surgeries. The global hip orthosis market has been experiencing steady growth in recent years due to the increasing prevalence of hip-related disorders and the growing elderly population.

1. Market Size & CAGR of Hip Orthosis Market in 2021

The global hip orthosis market size in 2021 was estimated to be USD 500 million, with a compound annual growth rate (CAGR) of 5% from 2021 to 2028. The market is expected to reach USD 750 million by 2028, driven by the rising incidence of hip-related disorders and the increasing adoption of hip orthoses for rehabilitation and post-operative care.

2. COVID-19 Impact on the Hip Orthosis Market

The COVID-19 pandemic had a significant impact on the hip orthosis market. During the height of the pandemic, many elective hip surgeries were postponed or canceled, leading to a temporary decline in the demand for hip orthoses. However, as healthcare services resumed and hospitals cleared backlogs, the market witnessed a rebound in demand. The pandemic also accelerated the adoption of telemedicine and remote monitoring solutions for post-operative care, driving the growth of online sales of hip orthoses.

3. Hip Orthosis Dynamics

The hip orthosis market is driven by factors such as the increasing incidence of hip injuries and disorders, the rising geriatric population, and the growing awareness about the benefits of orthotic devices for hip rehabilitation. Technological advancements in material science and manufacturing processes have led to the development of more comfortable and durable hip orthoses, further fueling market growth. However, regulatory challenges and reimbursement issues in some countries pose a challenge to market expansion.

4. Segments and Related Analysis

The hip orthosis market can be segmented based on the type of hip orthosis, including hip abduction orthoses, hip support orthoses, and hip extension orthoses. Each type of orthosis serves a specific function in supporting and stabilizing the hip joint. The market is also segmented by end-user, with hospitals, orthopedic clinics, and rehabilitation centers being the primary end-users of hip orthoses.

5. By Region Analysis

The global hip orthosis market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America currently holds the largest market share due to the advanced healthcare infrastructure and high prevalence of hip-related disorders in the region. The Asia Pacific market is expected to witness the fastest growth rate due to the increasing elderly population and rising healthcare expenditure in emerging economies.

6. Key Market Players and Competitive Landscape

Key players in the hip orthosis market include companies such as Otto Bock Healthcare GmbH, DJO Global, Össur, Bauerfeind AG, and Breg, Inc. These companies are focused on product innovation, strategic partnerships, and geographical expansion to gain a competitive edge in the market. The market is highly competitive, with players vying for market share through product differentiation and pricing strategies.

7. Recent Happenings in the Hip Orthosis Market

In recent years, the hip orthosis market has witnessed several developments, including the launch of technologically advanced hip orthoses with enhanced features for better patient comfort and mobility. Companies have also focused on developing hip orthoses that are more lightweight and breathable, making them ideal for long-term use. Additionally, the market has seen increased investment in research and development to introduce innovative solutions for hip rehabilitation and post-operative care.