Hip Orthosis Market Overview
Hip Orthosis Market Size was estimated at 1.66 (USD Billion) in 2022. The Hip Orthosis Market Industry is expected to grow from 1.74(USD Billion) in 2023 to 2.56 (USD Billion) by 2032. The Hip Orthosis Market CAGR (growth rate) is expected to be around 4.41% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Hip Orthosis Market Trends Highlighted
The development of recent technologies and new designs has an impact on the hip orthoses market. The growing number of hip osteoarthritis patients as well as other hip related disorders creates the necessity of managing the pain and improving mobility. With the increasing emphasis on personalized medicine, orthoses are also produced in a bespoke manner. Furthermore, the enhancement of hip orthoses is done through advances such as incorporation of 3D printing and sensors for improved fit, comfort, and function.
There are opportunities in the market for third world countries that are underprivileged in terms of medical care and also among the aging population that have risks of having hip related problems. Moreover, the use of artificial intelligence and machine learning in the designing and manufacturing of the orthoses has a possibility of increasing the outcomes and cutting down the costs of production.
Latest trends registered in the industry include the movement towards non-invasive surgical procedures which has increased the need to manufacture hip orthoses for patients after surgery. In addition, attention to the new sources and configuration is devoted to the patient's comfort, strength, and price. Patient satisfaction and compliance will be achieved with the use of collagen based and ergonomically designed materials.
Hip Orthosis Market Drivers
Increasing Prevalence of Hip Conditions
Hip conditions, such as osteoarthritis, hip fractures, and hip dysplasia, are becoming increasingly common worldwide. This is due to several factors, including the aging population, rising obesity rates, and increasing participation in sports and other physical activities. As the prevalence of these conditions increases, so too does the demand for hip orthoses. Hip orthoses can help to stabilize the hip joint, reduce pain and inflammation, and improve mobility.This can be especially beneficial for people with severe hip conditions who are unable to participate in other forms of treatment, such as surgery or physical therapy. The increasing prevalence of hip conditions is a major driver of growth in the Hip Orthosis Market Industry. As the number of people with hip conditions continues to rise, so will the demand for hip orthoses. This is expected to lead to a significant increase in the market for hip orthoses in the coming years.
Technological Advancements
Technological advancements are also playing a key role in the growth of the Hip Orthosis Market Industry. New materials and manufacturing techniques are making it possible to develop hip orthoses that are more comfortable, durable, and effective than ever before. For example, some new hip orthoses are made from lightweight materials that are breathable and moisture-wicking. This makes them more comfortable to wear for extended periods of time.Other hip orthoses are equipped with sensors that can track the patient's progress and provide feedback to the doctor. This can help to ensure that the patient is getting the most benefit from their orthosis. Technological advancements are making hip orthoses more accessible and affordable for patients. This is expected to lead to a further increase in the demand for hip shoes in the coming years.
Growing Awareness of Hip Orthoses
Rising adoption of hip orthoses is also one of the factors propelling the growth of the Hip Orthosis Market Industry. As people are becoming more aware of the benefits of hip orthoses, the demand for these devices is likely to rise. There are several factors behind this growing awareness. Firstly, the growing prevalence of hip conditions is attracting more people towards these orthoses. With more people getting diagnosed with hip conditions, they are now more informed and are aware of the treatment options available to them.Secondly, the increasing availability of information related to hip orthoses on the internet and in the media is helping people understand the advantages of hip orthoses and how they can be better for their quality of life. Due to this factor, there is likely to be an increase in the demand for these orthoses in the years to come.
Hip Orthosis Market Segment Insights
Hip Orthosis Market Indication Insights
The Hip Orthosis Market is segmented into various indication segments, including Hip Osteoarthritis, Hip Fractures, Hip Arthritis, and Hip Instability. These segments play a significant role in shaping the overall market dynamics and growth prospects. Hip Osteoarthritis, a degenerative condition that affects the hip joint, represents a major indication segment within the Hip Orthosis Market. The increasing prevalence of osteoarthritis, particularly among the aging population, is a key driver for the growth of this segment. In 2023, the Hip Osteoarthritis segment accounted for approximately 45% of the Hip Orthosis Market revenue.This dominance is expected to continue over the forecast period, with a projected market size of USD 1.2 billion by 2032, exhibiting a CAGR of 4.5%.
Hip Fractures, another significant indication segment, is primarily driven by the rising incidence of falls and accidents among the elderly. The increasing number of osteoporosis cases further contributes to the demand for hip orthoses in this segment. In 2023, the Hip Fractures segment held a market share of around 28%, and it is projected to grow at a CAGR of 4.2% during the forecast period, reaching a market size of USD 750 million by 2032.Hip Arthritis, a condition characterized by inflammation and pain in the hip joint, represents a niche but growing indication segment within the Hip Orthosis Market. The increasing awareness about the benefits of early intervention and pain management is driving the adoption of hip orthoses in this segment. In 2023, the Hip Arthritis segment accounted for approximately 15% of the market revenue, and it is expected to grow at a CAGR of 4.4% over the forecast period, reaching a market size of USD 400 million by 2032. Hip Instability, a condition that affects the stability of the hip joint, is another important indication segment in the Hip Orthosis Market.Technological advancements in hip orthosis design and materials are contributing to the growth of this segment. In 2023, the Hip Instability segment held a market share of around 12%, and it is projected to grow at a CAGR of 4.1% during the forecast period, reaching a market size of USD 310 million by 2032.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Hip Orthosis Market Material Insights
The Market of Hip Orthosis Segmented by Material is classified into Metal, Plastic, Carbon Fiber and Hybrid. Among these, Metal is the material used most frequently because it is very durable, strong and can bear high loads. Plastic is another material which is widely employed owing to it being lightweight, cheap and easy to customize. Carbon Fiber is also being used increasingly because of its high strength-to-weight ratio and low corrosion susceptibility. Hybrid, which utilizes different materials to provide the benefits of each material, is also in high demand.The Market of Hip Orthosis Segmented by Material is projected to increase from USD 1.24 billion by 2032 to USD 1.74 billion in 2032, at a CAGR of 4.5%. The reason for the increase in the market size is the increasing problems of hip disorders, rising geriatric population, the advances in technology and the increasing awareness of hip orthoses.
Hip Orthosis Market Design Insights
The Hip Orthosis Market is segmented into various designs, including rigid, semi-rigid, dynamic, and custom-made. Each design caters to specific patient needs and offers unique advantages. Rigid hip orthoses provide maximum support and immobilization, making them suitable for severe hip injuries or post-surgical recovery. They restrict movement to promote healing and prevent further damage. Semi-rigid orthoses offer a balance between support and mobility, allowing limited movement while providing stability. They are commonly used for conditions like hip arthritis or muscle weakness.Dynamic hip orthoses are designed to control and guide hip movement, assisting patients in regaining function and mobility. They are often used in rehabilitation programs to improve gait and reduce pain. Custom-made hip orthoses are tailored to the individual patient's anatomy, providing a precise fit and optimal support. They are typically prescribed for complex hip conditions or patients with unique requirements. The market growth for each design segment varies depending on factors such as patient demographics, treatment protocols, and technological advancements.Statistics indicate that the rigid hip orthoses segment held the largest market share in 2023 due to their extensive use in severe hip injuries. The dynamic hip orthoses segment is projected to experience significant growth in the coming years, driven by increasing demand for rehabilitation and mobility assistance.
Hip Orthosis Market Application Insights
The Hip Orthosis Market is segmented based on application into Post-Operative, Conservative Treatment, and Preventative. Among these, the post-operative segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. This can be attributed to the increasing number of hip replacement surgeries and the need for post-operative support and rehabilitation. The Conservative Treatment segment is also expected to witness significant growth during the forecast period due to the rising prevalence of hip osteoarthritis and other hip conditions that can be managed conservatively.The Preventative segment is expected to grow at a steady pace, driven by the increasing awareness of the benefits of hip orthoses in preventing hip injuries and deformities.
Hip Orthosis Market End-User Insights
The Hip Orthosis Market is segmented by End-User into Hospitals, Rehabilitation Centers, Orthopedic Clinics, and Home Healthcare. Hospitals are expected to hold the largest market share due to the increasing number of hip surgeries and the rising prevalence of hip disorders. The Hip Orthosis Market revenue in the Hospitals segment is projected to reach USD 1.23 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period. Rehabilitation Centers are anticipated to witness significant growth due to the rising demand for post-operative rehabilitation services for hip disorders.The Orthopedic Clinics segment is projected to experience steady growth, driven by the increasing number of orthopedic surgeries and the growing adoption of hip orthoses for non-surgical treatment. Home Healthcare is expected to gain traction because of the increasing preference for home-based care and the rising geriatric population.
Hip Orthosis Market Regional Insights
The regional segmentation of the Hip Orthosis Market provides insights into the market's geographical distribution and growth potential. North America is expected to hold a significant market share due to the high prevalence of hip conditions and advanced healthcare infrastructure. Europe is another major market, driven by rising disposable income and increasing awareness about hip health. APAC is projected to witness substantial growth over the forecast period, owing to the growing geriatric population and increasing healthcare expenditure in developing countries.South America and MEA are expected to contribute moderately to the Hip Orthosis Market, with growth driven by improving healthcare systems and rising demand for orthopedic devices. These regional insights are crucial for market players to understand the specific needs and opportunities in each region and tailor their strategies accordingly.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Hip Orthosis Market Key Players and Competitive Insights
Major players in the Hip Orthosis Market are continuously involved in developing innovative products to cater to the evolving needs of patients. They are also focused on expanding their geographical presence and forming strategic partnerships to gain a competitive edge. Leading Hip Orthosis Market players are investing heavily in research and development to introduce advanced products with enhanced features and functionality. The industry is witnessing a rise in mergers and acquisitions, as companies seek to consolidate their market position and gain access to new technologies and markets. The competitive landscape is expected to remain dynamic, with ongoing advancements in technology and the entry of new players.ssur, a leader in Hip Orthosis Market industry, offers a wide range of high-quality hip orthoses designed to meet the specific needs of patients with hip instability, fractures, or other conditions. The company's products are known for their innovative designs, advanced materials, and exceptional fit and comfort. ssur has a strong distribution network and a dedicated team of professionals who provide excellent customer service and support. The company is committed to continuous research and development to improve its products and services, and it actively participates in industry events and collaborations to stay abreast of the latest trends and technologies.Zimmer Biomet, another prominent player in the Hip Orthosis Market, offers a comprehensive portfolio of hip orthoses that cater to a wide range of patient needs. The company's products are designed to provide optimal support, stability, and protection while promoting mobility and comfort. Zimmer Biomet has a strong presence and a well-established distribution network. The company is focused on providing innovative solutions that improve patient outcomes and enhance the quality of life. It actively collaborates with healthcare professionals and research institutions to develop advanced products and technologies. The company's commitment to patient care and innovation has made it a trusted partner for healthcare providers and patients worldwide.
Key Companies in the Hip Orthosis Market Include
- Breg
- NuVasiv
- Globus Medical
- Wright Medical
- Medtronic
- Stryker
- Ossur
- DePuy Synthes
- Aspen Medical Products
- SmithNephew
- Rebotec
- Ottobock
- Zimmer Biomet
- Exactech
- Alphatec
Hip Orthosis Market Industry Developments
The Hip Orthosis Market is anticipated to grow with a CAGR of 4.41% from 2023 to 2032, reaching a market size of USD 2.56 billion by 2032. Key factors driving market expansion include increasing incidence of osteoarthritis, hip fractures, and sports injuries, coupled with rising geriatric population and growing demand for minimally invasive surgical procedures. The market is witnessing advancements in materials and designs, including the incorporation of lightweight and breathable materials, as well as customized and patient-specific orthoses. Furthermore, favorable reimbursement policies and increasing healthcare expenditure are expected to contribute to market growth. Strategic partnerships, acquisitions, and new product launches are notable trends shaping the competitive landscape.
Hip Orthosis Market Segmentation Insights
Hip Orthosis Market Indication Outlook
- Hip Osteoarthritis
- Hip Fractures
- Hip Arthritis
- Hip Instability
Hip Orthosis Market Material Outlook
- Metal
- Plastic
- Carbon Fiber
- Hybrid
Hip Orthosis Market Design Outlook
- Rigid
- Semi-Rigid
- Dynamic
- Custom-Made
Hip Orthosis Market Application Outlook
- Post-Operative
- Conservative Treatment
- Preventative
Hip Orthosis Market End-User Outlook
- Hospitals
- Rehabilitation Centers
- Orthopedic Clinics
- Home Healthcare
Hip Orthosis Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Report Attribute/Metric |
Details |
Market Size 2022 |
1.66(USD Billion) |
Market Size 2023 |
1.74(USD Billion) |
Market Size 2032 |
2.56(USD Billion) |
Compound Annual Growth Rate (CAGR) |
4.41% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
Breg, NuVasiv, Globus Medical, Wright Medical, Medtronic, Stryker, Ossur, DePuy Synthes, Aspen Medical Products, Smith Nephew, Rebotec, Ottobock, Zimmer Biomet, Exactech, Alphatec |
Segments Covered |
Indication, Material, Design, Application, End-User, Regional |
Key Market Opportunities |
Increasing demand for noninvasive hip pain management Rising prevalence of hip osteoarthritis Technological advancements in hip orthosis design Growing geriatric population Expanding healthcare infrastructure |
Key Market Dynamics |
Aging population Rising incidence of hip injuries Technological advancements Growing demand for noninvasive treatments Increase in sports injuries |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Hip Orthosis Market is anticipated to be valued at approximately USD 1.74 billion in 2023.
The Hip Orthosis Market is projected to exhibit a CAGR of 4.41% during the forecast period from 2023 to 2032.
The Hip Orthosis Market is expected to reach a valuation of around USD 2.56 billion by the end of 2032.
North America is expected to dominate the Hip Orthosis Market, capturing a significant share due to the high prevalence of hip disorders and advanced healthcare infrastructure.
The osteoarthritis segment is projected to experience the highest growth rate in the Hip Orthosis Market, driven by the increasing prevalence of osteoarthritis and the growing geriatric population.
Major players in the Hip Orthosis Market include ssur, Ottobock, Wright Medical Technology, Inc., Zimmer Biomet, and Enrich Medical Technologies.
Rising incidence of hip disorders, increasing geriatric population, and technological advancements are the key drivers propelling the growth of the Hip Orthosis Market.
Stringent regulatory approvals, reimbursement issues, and intense competition pose challenges to the growth of the Hip Orthosis Market.
Advancements in materials, personalized orthoses, and the integration of technology are key trends influencing the Hip Orthosis Market.
Technological advancements, such as 3D printing and robotics, are revolutionizing the design, manufacturing, and fitting of hip orthoses, enhancing patient outcomes.