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Orthotics market poised for growth, innovation

July 23, 2014HME News Staff

HAMILTON, N.Y. - The global orthotics device market is expected to reach $7.33 billion by 2020, a growth rate of 6.2%, according to a new report from IndustryARC. Prefabricated devices, which comprise a major segment of the market, are expected to reach $4.25 billion by 2020, while custom-made devices are expected to increase to $3.15 billion. Much of the demand can be attributed to the increase in chronic diseases and an aging population, according the report. The report also forecasts increased...

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