Lumbus Sacrum Orthosis Market
The Lumbus Sacrum Orthosis Market is expected to grow from USD 341.00 Million in 2022 to USD 621.88 Million by 2030, at a CAGR of 7.80% during the forecast period.
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Lumbus Sacrum Orthosis Market Size
Lumbosacral orthosis (LSO) is a medical device designed to support the lower back and sacrum area. The global Lumbus Sacrum Orthosis market is segmented by type (soft brace and rigid brace), application (medical supplies store, clinic, hospital, and online store), and region (North America, Asia Pacific, Middle East, Africa, Australia, and Europe), with major market players such as Mueller Sports Medicine Inc, Vive, ComfyMed, Thuasne USA, Aspen Medical Products, Advanced Orthopaedics, Medi, Berg, Bauerfeind, LifeBack Works LLC, BSN Medical, Ossur, Rehan Health Care, LP Support, OTC Brace, and Sparthos. Regulatory and legal factors specific to market conditions include FDA clearance and CE marking, along with the need for compliance with healthcare regulations and reimbursement policies. The increasing prevalence of back pain among the geriatric population, sports injuries, and rising awareness about preventive healthcare are the major driving factors for the Lumbus Sacrum Orthosis market. However, the high cost of LSO devices, availability of alternate therapies and lack of reimbursement policies in developing regions are the major challenges faced by this market.
Lumbus Sacrum Orthosis Market Key Player
Mueller Sports Medicine Inc
Vive
ComfyMed
Thuasne USA
Aspen Medical Products
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Lumbus Sacrum Orthosis Market Segment Analysis
The target market for Lumbus Sacrum Orthosis includes patients suffering from lower back pain, degenerative disc disease, herniated discs, spinal stenosis, and other spinal disorders. The aging population is a significant driver of revenue growth in the Lumbus Sacrum Orthosis market. With an increase in the number of elderly people, the prevalence of spinal disorders is also increasing, which is driving the demand for Lumbus Sacrum Orthosis.
The rising awareness about the benefits of non-invasive treatment options is also contributing to the growth of this market. Lumbus Sacrum Orthosis is an effective non-surgical treatment option for spinal disorders, which is gaining traction among patients with mild to moderate spinal disorders. Moreover, the growing trend of sedentary lifestyle and poor posture among the younger population is increasing the risk of spinal injuries, which is also contributing to market growth.
Lumbus Sacrum Orthosis is commonly used in the treatment of lower back pain, which is a significant challenge faced by patients. The pain can be debilitating and affect daily activities, leading to a decreased quality of life. Additionally, the cost of Lumbus Sacrum Orthosis can be a barrier for some patients, especially in developing countries, where access to healthcare is limited.
The latest trend in the Lumbus Sacrum Orthosis market is the use of advanced technologies, such as 3D printing, to develop custom-fit orthoses. This allows for better patient comfort and improved treatment outcomes. Manufacturers are also focusing on product innovation to differentiate themselves from competitors, by incorporating new materials and designs.
The main finding of the report is that the Lumbus Sacrum Orthosis market is expected to grow at a CAGR of 7.80% during the forecast period (2022-2030). The report recommends that manufacturers focus on developing custom-fit orthoses using advanced technologies to improve patient outcomes and increase market share. Additionally, manufacturers should explore emerging markets in Asia-Pacific and Latin America to expand their geographical presence and tap into untapped market opportunities.
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Market Segmentation (by Application):
Medical Supplies Store
Clinic
Hospital
Online Store
Information is sourced from www.reportprime.com
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