The Global Orthopaedic Braces and Supports Market Report offers details on current and future growth trends pertaining to the business besides information on numerous regions across the geographical landscape of the Orthopaedic Braces and Supports Market. The study includes global, regional, and country-level market size, shares, growth rate analysis (include the causes of highest and lowest peak industry analysis), product launches, latest trends, the impact of covid19 on worldwide.
Orthopaedic Braces and
Supports Market Research Methodology overview consists of primary and secondary
research, company share analysis, model (including Demographic data,
Macroeconomic indicators, and Industry indicators i.e. Expenditure,
infrastructure, sector growth, and facilities, etc), Research Limitations, and
Revenue Based Modelling. Comprehensive analysis of Orthopaedic Braces and
Supports Market based on current & future analysis depending on historic
data also featured in this Report.
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Industry Insights
The global orthopaedic braces and supports market
size was worth USD 3.1 billion in 2015 which is anticipated to grow at a CAGR
of more than 6.7% during the forecast period. Increasing prevalence of
arthritis is one of the leading cause of the growth of orthopedic braces and
supports market. It is the most common form of arthritis which affects the
population of all ages.
Sports related injuries are increasing with the
increase in participation of people of different ages in various sports
activities. Athletes are engaged in fitness related activities such as cycling,
running, and others. While performing health benefit related activities,
athletes tend to sustain injuries which may give rise to ligament injuries.
Athletes involved in indoor health activities are at high risk of ligament
tear. This generates the demand for ankle braces. These products help to
restrict the movement of affected part thereby making the healing process
faster. Orthopedic braces help athletes to protect themselves from further
injury. It helps to restrict the movement of the unwanted part during any activity,
thereby facilitating a convenient play.
Product Insights
Knee supports and braces segment held the largest
market share in 2015, due to a large number of people affected by knee joint
and related injuries. Knee braces helps in pressure relief from the joints that
are affected by arthritis.
Foot and ankle braces are anticipated to show
lucrative growth over the forecast period. This is due to the rising number of
participation in sports related activities by people of all age group. The
increasing number of participants in Paralympics also supports the growth of
the market. Upper extremity supports and braces segment are also expected to
grow at a significant rate in near future.
End use Insights
On the basis of end use, the market is segmented
into hospitals, orthopedic clinics, Over-the-Counter (OTC), and other
facilities. Orthopedic clinics contributed to the largest market share in 2015,
due to reluctance of patients to visit speciality clinics for acute
musculoskeletal disorders.
OTC segment is expected to witness an attractive
growth over the forecast period as the orthopedic braces and supports are
easily available in retail pharmacies. OTC products do not require any
prescription of doctor, so patients with acute muscle problems prefer OTC
products.
Regional Insights
North America held the largest market share in 2015,
due to the rising prevalence of arthritis in the U.S. People are at a high risk
of osteoporosis in the U.S. due to increase in geriatric and obese population.
Increased participation in sports related activities in conjunction with rise
in awareness level among people related to orthopedic braces and supports is
expected to further support market growth.
Asia Pacific is expected to exhibit fastest growth
over the forecast period. This is due to the rise in geriatric population in
the region which in turn increases the demand for orthopedic braces and
supports, thereby accentuating the growth of the market.
Table of Contents:-
Chapter
1 Methodology and Scope
Chapter
2 Executive Summary
Chapter
3 Orthopaedic Braces and Supports: Market Variables, Trends & Scope
Chapter
4 Orthopaedic Braces and Supports: Product Estimates & Trend Analysis
Chapter
5 Orthopaedic Braces and Supports: Application Estimates & Trend Analysis
Chapter
6 Orthopaedic Braces and Supports: End-use Estimates & Trend Analysis
Chapter
7 Orthopaedic Braces and Supports: Industrial End-use Estimates & Trend
Analysis
Chapter
8 Orthopaedic Braces and Supports: Regional Estimates & Trend Analysis
Chapter
9 Competitive Landscape
Chapter
10 Orthopaedic Braces and Supports: Manufacturers Company Profiles
Top Key Players of Orthopaedic
Braces and Supports Market :
DJO Global, Inc.;Breg, Inc.;Alcare Company
Ltd.;Bauerfeind AG;Össur Corporate;McDavid Knee Guard, Inc.; FLA Orthopedics,
Inc.; Otto Bock Healthcare GmbH; and Frank Stubbs Co., Inc.
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