Orthotic and Prosthetic (O&P) Devices - South American Analysis and Market Forecasts
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 South America. 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 South America.
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Key Questions Answered
- What is the current and future O&P market outlook in the South American markets? 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 South American O&P market?
- Annualized total O&P market revenue by type of device, direct and indirect costs of disease, procedure trends, and market outlooks in Brazil through 2021.
- Key topics covered include strategic competitor assessment, market characterization, identification of unmet needs, reimbursement and regulatory considerations, evaluating market access in South America, 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 South American 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.
1 Table of Contents
1.1 List of Tables
1.2 List of Figures
2.2 Related Reports
3 Industry Overview
3.2 Procedure Trends
3.3 Market Access
3.3.1 Purchasing Decisions
3.4 Brand Loyalty
3.6.1 South America
3.7.1 South America
3.8 Product Recalls
3.8.1 Ability Dynamics Recalls Rush81 Prosthetic Foot (June 2014)
3.8.2 Zimmer Recalls Drop-Lok Knee Brace, Cartilage Knee Brace, Hinged Knee Support, and Tennis Elbow Support (April 2014)
3.8.3 Ossur Recalls Symbionic Leg (February 2014)
3.9 Mergers and Acquisitions
3.9.1 Ottobock Entered Licensing Agreement with Ekso Bionics (November 2014)
3.9.2 Breg to Merge with United Orthopedic Group (October 2014)
3.9.3 Ottobock to Distribute ArtecÂ’s 3D Scanners (July 2014)
3.9.4 Hanger Acquired Prosthetic Laboratories of Rochester (June 2014)
3.9.5 Hanger Acquired Four Patient Care Companies (August 2013)
3.9.6 Ossur Acquired TeamOlmed for $47m (May 2013)
3.9.7 DJO Global Acquired Exos (December 2012)
3.9.8 Hanger Acquired Two Patient Care Companies (December 2012)
3.9.9 Hanger Acquired Five Companies (August 2011)
3.9.10 Thuasne Acquired Townsend Design (January 2011)
3.10 Economic Impact
3.10.1 Indirect Costs
3.10.2 Direct Costs
4 Unmet Needs
4.1 Need for More Upper Limb Prostheses
4.2 Reducing Custom Orthosis and Prosthesis Production Timeline
4.3 Lower Limb Prosthetic Socket Fit
4.4 Changes in Patient Need
4.5 Replacement and Reimbursement Limitations
4.6 Shortage of Orthotic and Prosthetic Professionals
5 Market Drivers, Barriers, and Opportunities
5.1 Driver: Combat Injuries
5.2 Driver: Aging Global Population
5.3 Driver: Orthoses Used as Non-invasive and Mobile Treatments
5.4 Driver: Diabetes and Vascular Disease
5.5 Barrier: Medical Device Excise Tax
5.6 Barrier: Established Orthotics and Prosthetics Market
5.7 Barrier: Restricted Reimbursement
5.8 Opportunity: Active Lower Extremity Prostheses
5.9 Opportunity: Computer Aided Design and Computer Aided Manufacture
5.10 Opportunity: 3D Printing
5.11 Opportunity: Osseointegration
6 Competitive Assessment
6.2 Technology and Product Offerings
6.3 Product Portfolios
6.3.1 Bauerfeind AG
6.3.2 Breg, Inc.
6.3.3 BSN Medical GmbH
6.3.4 DeRoyal Industries, Inc.
6.3.5 DJO Global, Inc.
6.3.6 Endolite (Blatchford)
6.3.7 Hanger, Inc.
6.3.8 Medi GmbH & Co. KG
6.3.9 Ossur hf.
6.3.10 Ottobock HealthCare GmbH
6.3.11 Spinal Technology, Inc.
6.3.12 Touch Bionics Limited
6.4 Product Category SWOT Profiles
6.4.1 Braces and Supports
7 Pipeline Assessment
7.1 Orthotic Products
7.2 Prosthetic Products
8 Clinical Trials to Watch
8.2 Osseointegrated Prostheses for the Rehabilitation of Amputees (OPRA)
8.3 Use of Subtle Vibration to Improve Walking Ability by Lower Limb Amputees
8.4 Home Study of an Advanced Upper Limb Prosthesis
8.5 Feasibility of Implantable Myoelectric Sensors to Control Upper Limb Prostheses (IMES)
8.6 The General Use of Robots in Stroke Recovery: The Anklebot
8.7 Validation of a New Generation of Optimized Orthoses for Personalized Treatment of Adolescent Idiopathic Scoliosis
8.8 Comparing Functional Outcomes in Individuals Using Micro-processor Controlled Orthosis Versus Stance Control Orthosis
8.9 Comparative Effectiveness Between Microprocessor Knees and Non-Microprocessor Knees (MPK-AOPA)
9 Current and Future Players
9.2 Trends in Corporate Strategy
9.3 Bauerfeind AG
9.3.2 Portfolio Assessment
9.3.3 SWOT Analysis
9.4 Breg, Inc.
9.4.2 Portfolio Assessment
9.4.3 SWOT Analysis
9.5 BSN Medical GmbH
9.5.2 Portfolio Assessment
9.5.3 SWOT Analysis
9.6 DeRoyal Industries, Inc.
9.6.2 Portfolio Assessment
9.6.3 SWOT Analysis
9.7 DJO Global, Inc.
9.7.2 Portfolio Assessment
9.7.3 SWOT Analysis
9.8 Endolite (Blatchford)
9.8.2 Portfolio Assessment
9.8.3 SWOT Analysis
9.9 Hanger, Inc.
9.9.2 Portfolio Assessment
9.9.3 SWOT Analysis
9.10 Medi GmbH & Co. KG
9.10.2 Portfolio Assessment
9.10.3 SWOT Analysis
9.11 Ossur hf.
9.11.2 Portfolio Assessment
9.11.3 SWOT Analysis
9.12 Ottobock HealthCare GmbH
9.12.2 Portfolio Assessment
9.12.3 SWOT Analysis
9.13 Spinal Technology, Inc.
9.13.2 Portfolio Analysis
9.13.3 SWOT Analysis
9.14 Touch Bionics Limited
9.14.2 Portfolio Assessment
9.14.3 SWOT Analysis
9.15.2 Portfolio Assessment
9.15.3 SWOT Analysis
10 Strategic Competitive Assessment
10.1 Orthotics: Company Market Share
10.2 Prosthetics: Company Market Share
11 Market Outlooks by Geography
13.3 Report Methodology
13.3.3 Secondary Research
13.4 Forecasting Methodology
13.5 Physicians and Specialists Included in This Study
13.5.1 Key Opinion Leaders
13.6 Primary Research - Prescriber Survey
13.7 About the Authors
13.7.2 Global Head of Healthcare
13.8 About GlobalData
13.9 Contact Us
1.2 List of Figures
Figure 1: Brazil Procedure Volume Forecast by Market Segment, 2012-2021
Figure 2: Prosthetic Device Adoption Rates, 2014
Figure 3: Brazil Company Market Shares for Upper Limb Orthopedic Braces and Supports, 2014
Figure 4: Brazil Company Market Shares for Lower Limb Orthopedic Braces and Supports, 2014
Figure 5: Brazil Company Market Shares for Upper Limb Prosthetics, 2014
Figure 6: Brazil Company Market Shares for Lower Limb Orthopedic Prosthetics, 2014
Figure 7: Brazil Market Value Forecast by Market Segment for Orthopedic Braces and Supports, $m, 2012-2021
Figure 8: Brazil Market Value Comparison by Market Segment for Orthopedic Braces and Supports, 2014 & 2021
Figure 9: Brazil Market Value Forecast by Market Segment for Orthopedic Prosthetics, $m, 2012-2021
Figure 10: Brazil Market Value Comparison by Market Segment for Orthopedic Prosthetics, 2014 & 2021
Figure 11: Physicians and Physical Therapists Surveyed By Country
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.