Overview
The orthosis gadget is a remotely applied gadget used to change the primary or utilitarian qualities of the neuro-outer muscle framework. A contraption used to help, adjust, forestall, or right disfigurements or to work on the capacity of versatile pieces of the body. The prosthetic gadget is a counterfeit substitute for a missing piece of the body. The most common fake parts used for prostheses are those that replace lost arms and legs; however, bone, corridor, and heart valve substitutions are common, and fake eyes and teeth are also correctly named prostheses. In China, different web-based business platforms like Alibaba, JD.com, and Pinduoduo offer orthosis items with limited rates, as would be considered normal to support the China orthosis and prosthetics market’s development.
The China orthosis and prosthetics market had a valuation of US$ 1,509.46 million in 2021 and is anticipated to grow at a CAGR of 5.0% during the estimated timeframe (2022-2028).
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Effect of the Coronavirus (Covid-19) Pandemic
Since the COVID-19 episode in December 2019, the illness has spread to more than 100 nations across the globe and the World Health Organization has announced it as a general well-being crisis. As per the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, more than 83 million cases and 1.8 million deaths due to COVID-19 were accounted for up till January 03, 2021, across the globe. Furthermore, the global pandemic has resulted in an abrupt end to assembling exercises all over the world, particularly in China, influencing interest in prosthesis and orthosis, as well as the creation and handling of clinical gadgets, embellishments, or parts used in the assembly of prosthesis and orthosis parts.
Drivers
The expanding predominance of sports wounds, breaks, and business-related messes are projected to drive development of the China orthosis and prosthetics market during the estimated timeframe.
An expansion in the quantity of sports wounds and cracks is anticipated to drive the development of the China orthosis and prosthetic market during the forecasted timeframe. An examination article was distributed in the International Journal of Sports and Exercise Medicine in September 2019, verifying that 47% of lower leg wounds, 34% of midsection wounds, 25% of knee wounds, 20% of face and head wounds, and 16% of leg and foot wounds were experienced by futsal players at five colleges (China Three Gorges University, Hubei University, Beijing Sport University, Shanghai University of Engineering Science, and Guangzhou Sport University).
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Moreover, mechanical headways in the field of orthotics and prosthetics are foreseen to give a critical lift to the development of the China orthosis and prosthetics market during the conjectured timeframe. The advancement of mind-controlled or neuroprosthetic prosthetic devices is paving the way for market players to launch cutting-edge items on the market. Neuroprosthesis gadgets are gadgets that improve the information and results of neural frameworks. Myoelectric prostheses can be controlled through the signals created by muscles in the body.
Limitations
The high cost of modified and myoelectric prostheses is a major consideration, as it would be expected to stymie the development of the China orthosis and prosthetics market. These prosthetics have an existence of three to five years independent of their expense. The high cost of the hardware may increase the high monetary burden on patients and medical services frameworks in developing countries such as China, where medical care foundation is less exceptional than in developed economies. These variables are foreseen to hamper the development of the China orthosis and prosthetics market.
Competitive Landscape
Major companies contributing to the China orthosis and prosthetics market include Beijing Jingbo Prosthetics & Orthotics Technical Co., Ltd., Hebei Baisite Prosthetic Orthotic Technology Co., Ltd., Shijiazhuang Wonderfu Rehabilitation Device Technology Co., Ltd., Teh Lin Pros. & Ortho. Inc., Ltd., Ossur HF, Ottobock, Xiamen Huakang Orthopedic Co., Ltd., Rehan International Co., Ltd., e-Life International Co., Shijiazhuang Aofeite Import & Export Co., Ltd., and Nobel China Limited.
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The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of China Orthosis and Prosthetics Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of China Orthosis and Prosthetics Market are also given.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 China Orthosis and Prosthetics Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: China Orthosis and Prosthetics Industry Impact
Chapter 2 Global China Orthosis and Prosthetics Competition by Types, Applications, and Top Regions and Countries
2.1 Global China Orthosis and Prosthetics (Volume and Value) by Type
2.3 Global China Orthosis and Prosthetics (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global China Orthosis and Prosthetics Sales, Consumption, Export, Import by Regions
Chapter 5 North America China Orthosis and Prosthetics Market Analysis
Chapter 6 East Asia China Orthosis and Prosthetics Market Analysis
Chapter 7 Europe China Orthosis and Prosthetics Market Analysis
Chapter 8 South Asia China Orthosis and Prosthetics Market Analysis
Chapter 9 Southeast Asia China Orthosis and Prosthetics Market Analysis
Chapter 10 Middle East China Orthosis and Prosthetics Market Analysis
Chapter 11 Africa China Orthosis and Prosthetics Market Analysis
Chapter 12 Oceania China Orthosis and Prosthetics Market Analysis
Chapter 13 South America China Orthosis and Prosthetics Market Analysis
Chapter 14 Company Profiles and Key Figures in China Orthosis and Prosthetics Business
Chapter 15 Global China Orthosis and Prosthetics Market Forecast (2021-2028)
Chapter 16 Conclusions
Research Methodology….
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