What is Global Ankle Foot Orthosis (AFO) Market?
The Global Ankle Foot Orthosis (AFO) Market is a specialized sector within the broader medical device industry. Ankle Foot Orthosis (AFO) are braces, usually made of plastic, that are worn on the lower leg and foot to support the ankle and correct foot drop. They are used to control position and motion of the ankle, compensate for weakness, or correct deformities. They can also assist with weight bearing and stability for those with lower limb weaknesses or deficiencies. The AFO market is a global one, with products being used by patients all over the world. The market is driven by a growing aging population, increasing incidences of stroke, rising demand for orthotic devices, and technological advancements in the field. However, the market also faces challenges such as high device costs and lack of awareness in developing regions.
Carbon Fiber AFO, Plastic AFO, Others in the Global Ankle Foot Orthosis (AFO) Market:
The Global Ankle Foot Orthosis (AFO) Market is segmented into different types based on the material used in their construction. These include Carbon Fiber AFO, Plastic AFO, and others. Carbon Fiber AFOs are lightweight, durable, and provide superior support and control. They are often used by individuals with severe foot drop caused by conditions such as stroke, multiple sclerosis, or spinal cord injury. Plastic AFOs, on the other hand, are more affordable and easier to adjust for fit and comfort. They are commonly used for conditions like drop foot, post-stroke recovery, and lower limb paralysis. Other materials used in AFOs include metal and leather, though these are less common. Each type of AFO has its own advantages and disadvantages, and the choice of AFO often depends on the patient's specific needs and circumstances.
Functional Recovery, Deformity in the Global Ankle Foot Orthosis (AFO) Market:
The Global Ankle Foot Orthosis (AFO) Market finds its application in various areas, primarily in Functional Recovery and Deformity. In terms of Functional Recovery, AFOs are used to help patients regain normal movement and function in their lower limbs. They provide support and stability, improve gait, and help prevent falls. In cases of Deformity, AFOs are used to correct or accommodate physical deformities in the foot and ankle. They can help align the foot and ankle, reduce pain, and improve mobility. The use of AFOs in these areas is driven by a growing aging population, increasing incidences of conditions that affect mobility, and advancements in AFO technology.
Global Ankle Foot Orthosis (AFO) Market Outlook:
The future outlook of the Global Ankle Foot Orthosis (AFO) Market appears promising. In 2022, the market was valued at US$ 211 million and it is expected to grow to US$ 269.8 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period from 2023 to 2029. The leading manufacturer in the North American & EMEA Ankle Foot Orthoses market is DJO (Colfax Corporation), which held a market share of 17% in 2019. This data indicates a steady growth in the market, driven by factors such as an aging population, increasing incidences of conditions that affect mobility, and technological advancements in the field.
| Report Metric | Details |
| Report Name | Ankle Foot Orthosis (AFO) Market |
| Accounted market size in 2023 | US$ 219.5 million |
| Forecasted market size in 2029 | US$ 269.8 million |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | DJO, Össur, Ottobock, DeRoyal Industries, Stryker, Anatomical Concepts, Inc., Allard USA, Restorative Care of America, Bracemasters International, LLC, Fillauer LLC, Chesapeake Medical Products, Orthomerica, Trulife, Boston Orthotics & Prosthetics, Acor Orthopaedic |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
