What is Global Ankle Foot Orthosis (AFO) Market?
The Global Ankle Foot Orthosis (AFO) Market is a comprehensive study of the various types of Ankle Foot Orthosis (AFO) available worldwide. This market is a significant segment of the healthcare industry, focusing on the production, distribution, and use of AFOs. These devices are primarily used to support the foot and ankle, helping patients with mobility issues regain functionality and improve their quality of life. The market's value was estimated at US$ 211 million in 2023, and it is projected to grow to US$ 269.8 million by 2030. This growth is attributed to the increasing prevalence of conditions that require the use of AFOs, such as stroke, multiple sclerosis, and cerebral palsy, among others. The market is also driven by technological advancements in the design and manufacturing of AFOs, making them more comfortable and effective for patients.
Carbon Fiber AFO, Plastic AFO, Others in the Global Ankle Foot Orthosis (AFO) Market:
The Global Ankle Foot Orthosis (AFO) Market is segmented based on the material used in the production of the AFOs. These include Carbon Fiber AFO, Plastic AFO, and others. Carbon Fiber AFOs are lightweight and durable, offering excellent support and flexibility. They are often used by patients with severe mobility issues as they provide the necessary rigidity while still allowing for some movement. On the other hand, Plastic AFOs are more affordable and are commonly used for patients with less severe conditions. They are easy to adjust and can be molded to fit the patient's foot and ankle perfectly. Other materials used in the production of AFOs include metal and leather, each offering unique benefits and drawbacks. The choice of material largely depends on the patient's specific needs and the recommendation of the healthcare provider.
Functional Recovery, Deformity in the Global Ankle Foot Orthosis (AFO) Market:
The Global Ankle Foot Orthosis (AFO) Market also categorizes the usage of AFOs into two main areas: Functional Recovery and Deformity. Functional Recovery refers to the use of AFOs to help patients regain their mobility after suffering from conditions that affect their ability to move. These conditions include stroke, spinal cord injury, and other neurological disorders. AFOs provide the necessary support and stability, allowing patients to move more freely and independently. On the other hand, Deformity refers to the use of AFOs to correct or manage foot and ankle deformities. These deformities can be congenital or acquired due to injury or disease. AFOs help align the foot and ankle, reducing pain and improving function.
Global Ankle Foot Orthosis (AFO) Market Outlook:
Looking at the market outlook, the Global Ankle Foot Orthosis (AFO) Market is set for significant growth. In 2023, the market was valued at US$ 211 million. However, it is expected to reach a value of US$ 269.8 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period from 2024 to 2030. This growth is driven by the increasing demand for AFOs, particularly in North America and the EMEA region. DJO (Colfax Corporation), a leading manufacturer of AFOs, held a market share of 17% in 2019, demonstrating the potential for other players in the market to expand and increase their market share.
| Report Metric | Details |
| Report Name | Ankle Foot Orthosis (AFO) Market |
| Accounted market size in 2023 | US$ 211 million |
| Forecasted market size in 2030 | US$ 269.8 million |
| CAGR | 3.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption 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 |
