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Otto Bock HealthCare company logo
Corporation
HEALTHCARE | Medical Devices & Equipment / Prosthetics
ottobock.com

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Founded Year

1919

Stage

Loan | Alive

Total Raised

$815.49M

Valuation

$0000 

Last Raised

$111.49M | 2 yrs ago

About Otto Bock HealthCare

Otto Bock HealthCare is a medical technology company specializing in prosthetics and technical orthopaedics.

Otto Bock HealthCare Headquarter Location

Max-Näder-Straße 15

Duderstadt, 37115,

Germany

+49 5527 848-0

Latest Otto Bock HealthCare News

Global Orthopedic Braces And Support Devices And Equipment Market Report 2021 Featuring DJO Global, Bauerfeind, Otto Bock Healthcare, Breg, And Ossur Hf

Sep 13, 2021

Global Orthopedic Braces And Support Devices And Equipment Market Report 2021 Featuring DJO Global, Bauerfeind, Otto Bock Healthcare, Breg, And Ossur Hf DUBLIN, Sept. 13, 2021 /PRNewswire/ -- The "Orthopedic Braces and Support Devices and Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets. Author: Sep 13, 2021 2:45 PM EDT The global orthopedic braces and support devices and equipment market is expected to grow from $3.45 billion in 2020 to $3.89 billion in 2021 at a compound annual growth rate (CAGR) of 12.8%. The market is expected to reach $5.02 billion in 2025 at a CAGR of 6.6%.Major players in the orthopedic braces and support devices and equipment market are DJO Global, Bauerfeind AG, Otto Bock Healthcare GmbH, Breg, Inc. and Ossur Hf.The orthopedic braces and support devices and equipment market consists of sales of orthopedic braces and support devices and equipment and related services. Orthopedic braces and support systems are primarily used in injury prevention, injury rehabilitation, post-operative care and osteoarthritic care. These are also used to protect, support and strengthen the joints and muscles and are used by atheltesathletes to prevent themselves from injuries. The orthopedic braces and support devices and equipment market is segmented into lower extremity braces, upper extremity braces and back and hip braces.Due to increase in the demand for orthopedic braces and support devices and equipment, various companies are adapting themselves to use the innovative technologies such as bionic energy savers to solve problems related to injuries in knee, arms or any other movable part of the body. These technologies are providing better quality life to people and positively impacts growth of the market.In March 2018, 3M's consumer health care division issued orders to recall ankle braces and supports as the product contained undeclared natural latex rubber which may lead to allergic reactions in a few users. FDA ranked the recall as class 2, which are labelled as products causing a temporary health issue or pose a risk of minimal adversity. Thus, any product recall may hamper the market's growth as it would create a negative feedback regarding the product and people would hesitate to use the products. On November 2018, Colfax acquired DJO Global for $3.15 Billion. Colfax aims at creating a new platform for itself in orthopedic solution market as DJO Global is a leader in braces and support devices it brings a plethora of opportunities for Colfax to diversify product portfolio, gain end-market exposure and increase profitability. DJO manufactures a variety of orthopedic products for rehabilitation and physical therapy. It was founded in 1978 and headquartered in California, USA.Rise in geriatric population is driving the orthopedic braces and support devices and equipment market. Elderly people are more prone to injuries as their bones and connective tissues weakens with age. For example, In US 70% of the population aged between 50-70 years suffers from osteoarthritis and is likely to increase further in the forecast period. This is one of the major contributing factor for the growth of this market. High adoption of pain medications worldwide restraints the growth of orthopedic braces and support devices market. As more amount of people rely on pain killers for pains related to orthopedic disorders instead of adopting the use of a proper support device/braces. For example, Americans consume 80% of the world supply of painkillers including painkillers for orthopedic treatments, thereby, hindering the orthopedic braces and support devices and equipment market. Key Topics Covered: 1. Executive Summary 2. Orthopedic Braces And Support Devices And Equipment Market Characteristics 3. Orthopedic Braces And Support Devices And Equipment Market Trends And Strategies 4. Impact Of COVID-19 on Orthopedic Braces And Support Devices And Equipment 5. Orthopedic Braces And Support Devices And Equipment Market Size And Growth5.1. Global Orthopedic Braces And Support Devices And Equipment Historic Market, 2015-2020, $ Billion 5.1.1. Drivers of the Market 5.1.2. Restraints on The Market 5.2. Global Orthopedic Braces And Support Devices And Equipment Forecast Market, 2020-2025F, 2030F, $ Billion 5.2.1. Drivers of the Market 5.2.2. Restraints on the Market 6. Orthopedic Braces And Support Devices And Equipment Market Segmentation6.1. Global Orthopedic Braces And Support Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion Lower extremity braces

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Research containing Otto Bock HealthCare

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Otto Bock HealthCare in 1 CB Insights research brief, most recently on Jun 24, 2021.

Expert Collections containing Otto Bock HealthCare

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Otto Bock HealthCare is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

832 items

M

Medical Devices

10,433 items

Companies developing medical devices (per the IMDRF's definition of "medical device"). Includes software, lab-developed tests (LDTs), and combination products. Excludes CDMOs/CMOs. *Columns updated as regularly as possible.

D

Digital Health

10,290 items

Companies using/incorporating digital tech into health, wellness, and life science offerings. Includes cos operating within the hc, consumer health, and life science industries + tech vendors catering to them. Excludes cos exclusively focused on fitness/sports & performance

Otto Bock HealthCare Patents

Otto Bock HealthCare has filed 287 patents.

The 3 most popular patent topics include:

  • Prosthetics
  • Implants (medicine)
  • Orthopedic surgical procedures
patents chart

Application Date

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7/1/2019

9/7/2021

Prosthetics, Implants (medicine), Mechanics, Actuators, Rotation

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9/7/2021

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Related Topics

Prosthetics, Implants (medicine), Mechanics, Actuators, Rotation

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Status

Grant

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