Global Orthopedic Braces and Supports Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx billion over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 5.36% during the forecast period that is 2017-2025.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

Market Dynamic

Orthopedic braces and supports helps in stabilizing, supporting and correcting injuries or irregular alignment through the process of recovery and rehabilitation. These are basically used in injury rehabilitation, osteoarthritic care, injury prevention, and post-operative care among others. These braces are made of soft materials such as spandex and rigid materials, such as hard plastics, and or other tightly-knit fabrics that are designed to restrict the movement of a joint. The key purpose of these braces is to assure that a joint is incapable to move beyond a certain motion, or in some cases do not allow any movement at all. This enhances all connective tissues to get the chance to restore properly. Distinct from a cast, a brace and supports can be easily removed or worn for physical therapy or bathing.

The growing sports-related injuries are rising with increasing number of sports activities. Athletes are focusing more on fitness-related activities such as cycling, swimming running, and others. Along with gaining health benefits via such activities, the probability of getting injuries are likely to sustain, which can also lead to serious ligament injury. Whereas, indoor athletes are prone to high risk for injuries related to ankle ligaments. Henceforth, they are anticipated to generate considerable demand for ankle braces.

Market Segment

Orthopedic braces and supports market are categorized into product, type, application, end-users and geography. Based on product the market is bifurcated into lower extremity braces and supports and upper extremity braces and supports. On the bases of type the market is segmented into hinged braces and supports, soft & elastic braces and support, hard and rigid braces and support. Application segment is divided into preventive care, osteoarthritis, ligament injury, post-operative and rehabilitation among others. End-users segment is categorized into hospitals, orthopedic clinics, OTC and others. Lower extremity braces is further categorized into Knee braces and support, foot and ankle braces and support. Upper extremity braces and support is further categorized into spinal orthoses, wrist & hand support and shoulder support. Among all the segments knee supports and braces accounted as the key revenue generator in 2017, as many athletes are getting affected by knee joint related injuries. These braces helps in various methods such as releasing pressure from knee joints which are affected by arthritis.

Foot & ankle braces and support is expected to grow at higher CAGR over the forecast period 2018-2025. This is majorly due to the rising foot and ankle injuries happening among the young athletes during various sports activities.

Regional Analysis

The global orthopedic braces and supports market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America accounted for the largest market share in the recent years due to the advantageous medical reimbursement scenario & accessibility of insurance for major orthopedic bracing procedures, additionally, expansion of target patient population (specifically osteoarthritis and osteoporosis patients along with people those suffering from musculoskeletal injuries). Nevertheless, Asia Pacific is projected to register the highest CAGR growth during the forecast period owing to growing healthcare expenditures and rising public awareness about orthopedic treatments. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.    

Global Orthopedic Braces and Supports Market Size, Share Analysis By Region 2017

Global Orthopedic Braces and Supports Market Study Objective

1. To forecast the market size of orthopedic braces and supports market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of orthopedic braces and supports market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of orthopedic braces and supports market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of orthopedic braces and supports market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the orthopedic braces and supports market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players landscape

The key players in orthopedic braces and supports market are Ossur HF, BSN Medical, 3M Company, Deroyal Industries, Inc., Thuasne Group, Zimmer Biomet Holdings, Inc., Remington Products Company, Breg, Inc., Bauerfeind GA, DJO Finance LLC, Otto Bock Healthcare, Medi GmbH & Co. KG, Alcare Co., Ltd., and Bird & Cronin among other key players. Key manufacturers of orthopedic industry are diverting their focus on designing the orthopedic braces with the help of smart technology. Key manufacturers have launched some new technologies in the recent days integrated with smart technologies such as smart AFO braces, smart braces, and smart spine braces.

Global Orthopedic Braces and Supports Market Study Report Offer You!

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