Orthopedics Braces and Support Market is expected to experience a moderate growth in coming years between 2017 and 2025. The market is expected to become $5.89 billion by 2025 at a growing CAGR of 5.12%. Orthopedic braces and support devices are mainly used to strengthen and support joints and muscle. These are used in cases ofprophylaxis of injury and patient care settings, right from the emergency room through the hospitalization period to rehabilitation and post care. Increasing geriatric population, rising awareness about the orthopedic support systems among people, increasing co-morbid conditions leading to orthopedic diseases and increasing cases of road accidents, will be the major drivers of orthopedic braces and support market over the forecast period. Orthopedic disorders are a common phenomenon among the geriatric population across the globe. In addition, increasing incidence of road accidents has also contributed to the market growth to a large extent. For instance, as per National Highway Traffic Safety Administration, in US, the cases of road accidents have increased more than 7.5% in 2015. This indicates increase of demand of orthopedic braces, as it provides a good support to the victims. However, unfavorable reimbursement policies and clashes between healthcare organizations with the vendors of orthopedic braces will restrain the market growth in future years. Thus, considering all these drivers and challenges, orthopedics braces and support market is expected to experience a moderate growth over the forecast period.
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Orthopedics Braces and Support – Competitive Outlook and Trend Analysis:
The key players operating in the orthopedic braces and support market emphasizes on product development in order to introduce improve orthopedic disorder treatment and capture a larger share of the market. Some of the major players in this market are Bauerfeind AG, McDavid Knee Guard, Inc., DeRoyal Industries, Allcare, Breg, Inc, Otto Bock Healthcare GmbH, Össur Corporate, Frank Stubbs Co., Inc., FLA Orthopedics, Inc., DJO Global, Inc. and BSN Medical.
Orthopedics Braces and Support – Market Opportunities:
The key opportunity for the players operating in orthopedic braces and support market lies in the development of various types of cost effective orthopedic braces for better assistance of the patients. Apart from that, innovative marketing strategies will further broaden the opportunities of the key players to grow significantly over the forecast period. In addition, changing lifestyles for orthopedic braces and support, will further increase demand of this market, creating a lucrative opportunities for growth, for the key players of this market.
Orthopedic Braces and Support Market Segmentation:
Orthopedics Braces and Support – By Product: Upper Extremity Braces & Supports, Shoulder Supports, Wrist & Hand Supports, Spinal Orthoses, Foot and Ankle Braces & Supports, Soft Braces, Hinged Braces, Knee Braces & Supports, Knee Braces for Osteoarthritis and Ligament Injuries, Post-operational Knee Braces
Orthopedics Braces and Support – By End User:
Over the Counter
Orthopedics Braces and Support – Product Outlook and Trend Analysis:
Orthopedic braces and supports are medical systems designed to address issues related to musculoskeletal. These are used to protect, support, stabilize, and correct the position of certain body parts. These are predominantly used during the rehabilitation and recovery process. There are two types of braces, namely, upper and lower limb, depending upon its application. Upper limb braces are used for the recovery of injuries related to collarbones, elbows, wrists, fingers, shoulders, and arms; while the lower limb braces are fitted over the ankles, feet, legs, and knees. These devices allow recovering mobility and function of the injured body part.
Orthopedics Braces and Support – By Region:
North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific – Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Orthopedics Braces and Support – Regional Outlook and Trend Analysis:
North America held a significant share of the orthopedic braces and support market in 2016 due to the increase in geriatric population in various states. In addition, increase in cases of road accidents and injuries will also enhance the market growth in this region. The Asia-Pacific market has not experienced any substantial growth due to lack of large scale adoption of orthopedic braces and support but can experience favorable growth in coming years owing to changing lifestyles related to orthopedic disorder and increasing geriatric population in the region.
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Orthopedics Braces and Support – List of Tables:
Table 1.Global Orthopedic Braces and Support Market, By Product, 2016-2025 ($Million)
Table 2.Upper Extremity Braces and Support Market, By Type, 2016-2025 ($Million)
Table 3.Upper Extremity Braces and Support Market, By Region, 2016-2025 ($Million)
Table 4.Shoulder Supports Market, By Region, 2016-2025 ($Million)
Table 5.Wrist and hand Supports Market, By Region, 2016-2025 ($Million)
Table 6.Spinal Orthoses Market, By Region, 2016-2025 ($Million)
Table 7.Foot and Ankle Braces and Support Market, By Type, 2016-2025 ($Million)
Table 8.Foot and Ankle Braces and Support Market, By Region, 2016-2025 ($Million)
Orthopedics Braces and Support – List of Figures:
Figure 1.Global Orthopedic Braces and Support Market Share, By Product, 2016 & 2025
Figure 2.Global Orthopedic Braces and Support Market, By End Users, 2016, ($Million)
Figure 3.Global Orthopedic Braces and Support Market, By Region, 2016, ($Million)
Figure 4.Otto Bock Healthcare GmbH: Net Revenues, 2014-2016 ($Million)
Figure 5.Otto Bock Healthcare GmbH: Net Revenue Share, By Segment, 2016
Figure 6.Otto Bock Healthcare GmbH: Net Revenue Share, By Geography, 2016
Figure 7.Össur Corporate: Net Revenues, 2014-2016 ($Million)
Figure 8.Össur Corporate: Net Revenue Share, By Segment, 2016
Figure 9.Össur Corporate: Net Revenue Share, By Geography, 2016
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Orthopedics Braces and Support market based on product and application. It also provides market size and forecast till 2025 for overall Orthopedics Braces and Support market with respect to five major regions, namely; North America, Europe, Asia-Pacific, Rest of the World, which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
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Also, key Orthopedics Braces and Support market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered.
Reason to Buy –
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- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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