Press release
Global Orthopedic Braces and Support Systems Market Projected to Surpass US$ 6.0 billion by 2025
The global orthopedic braces and support systems market is expected to grow at growth rate of 4.7% to reach USD 6.1 billion by 2025. This comprehensive study reveals the market estimate numbers for different market segments. Along with that, the study covers qualitative insights, strategic bench-marking and thorough competitive landscaping in the report spreading over 111 pages.
Orthopedic braces and support systems are medical devices, designed to correct, support, protect and stabilize musculoskeletal issues. Physicians prescribe these devices to patients with preventing & rehabilitating injuries, osteoarthritic and post-operative care. Orthopedic braces are commonly categorized into two parts depending upon the location of its applications, i.e. upper limb and lower limb. Upper limb braces are designed to use on collarbones, shoulders, elbows, hands, wrists, and fingers. Whereas, lower limb brace product can be fitted over the ankles, feet, legs, and knees. Rising number of sport related injuries coupled with road accidents along with introduction of technological advanced devices is expected to drive the industry growth. Other factors such as aging population, increasing number of hospitals and ambulatory settings and rising investment by key companies in this market further support the growth of this market. On other hand, the global market has been stifled by key impediments such as high cost of devices, and low awareness regarding the use of such equipment especially in developing regions.
To request free sample copy:
www.analystviewmarketinsights.com/request_sample/av162/
Key Takeaways:
- Knee braces and support products accounted for the largest share with USD 1,251 million revenue share in 2017. These products are increasingly used by individuals suffering from joint related disorders such as arthritis, sports players, and knee surgery patients.
- Spinal orthoses captured significant revenue share owing to the increasing scoliosis incidences. According to the American Association of Neurological Surgeons, around 2% to 3% of the total population is affected by scoliosis, which accounted for around 6 to 9 million individuals who are currently suffering from the disease.
- Hospital segment is accounted for the largest share of the global industry. Growing number of hospital settings coupled with rising incidence of orthopedic injuries support the growth of this end user application.
- North America accounted for the largest share of the global market. Growth of this region is primarily attributed to the rising incidences of arthritis due to growing obese and geriatric population.
- According to Centers for Disease and Prevention 2017 statistics, 23% of overweight and 31% of obese population in the U.S. are diagnosed with arthritis.
- In Asia Pacific, foot and ankle products represent one of the fastest growing segments, enjoying an annual average growth rate of over 7.9%. Increasing incidences of food and ankle injuries coupled with rising demand for orthopedic products support the segment growth in this region.
- The global market is largely controlled by companies such as DeRoyal Industries, Inc., DJO Global, Inc., Breg, Inc., Bauerfeind AG, and Alcare Company Ltd.
- Key players are concentrating on providing cost effective and innovative solutions to their customers to capture the untapped market. For instance, in March 2017, DJO Global, Inc., launched OA Reaction TriFit Knee brace, which is designed to provide pain relief to patients who are suffering from the degenerative joint disease that affects over 11.0 million U.S. population.
Browse full report with in-depth ToC on “Orthopedic Braces and Support Systems Market, By Product (Foot and Ankle, Knee, Upper Extremity and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025” at
www.analystviewmarketinsights.com/report-highlight-orthopedic-braces-and-support-systems-market/
The scope of this report covers the market by its major segments, as follows:
Market, by product: Foot and Ankle, Knee, Upper Extremity and others;
Market, by Region: North America, Europe, Asia Pacific, Latin America, Middle East and Africa and Rest of the World; Market, by Country: U.S., Canada, Germany, France, India, and China;
Key players profiled in this report with special attention on competitive landscape includes, (can be further customized to include additional 10 profiles of companies):
DeRoyal Industries, Inc.
DJO Global, Inc.
Breg, Inc.
Bauerfeind AG
Alcare Company Ltd.
Key benefits of the report:
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments
Find out more by getting in touch: https://www.analystviewmarketinsights.com/get-in-touch/
About Us
AnalystView Market Insights is a market research and consulting firm that adopts a proactive approach to provide the diverse need for accurate and precise market research, custom research, and consulting solutions across geographies and industry verticals. We strive to develop meaningful and evidence-based research data that helps our clients, empowering organizations and brands of all sizes with strategic analysis, accurate data, and consumer trends for various industries such as Healthcare, Bulk Chemicals, Semiconductors, Electronics, and Foods and Beverages.
Contact Us
Mr. Jose (Press & Marketing Manager)
Corporate Sales, USA
AnalystView Market Insights
Email: sales@analystviewmarketinsights.com
Tel: +91-757-498-5725 (Asia-Pacific Business Centre)
Web: www.analystviewmarketinsights.com
Orthopedic braces and support systems are medical devices, designed to correct, support, protect and stabilize musculoskeletal issues. Physicians prescribe these devices to patients with preventing & rehabilitating injuries, osteoarthritic and post-operative care. Orthopedic braces are commonly categorized into two parts depending upon the location of its applications, i.e. upper limb and lower limb. Upper limb braces are designed to use on collarbones, shoulders, elbows, hands, wrists, and fingers. Whereas, lower limb brace product can be fitted over the ankles, feet, legs, and knees. Rising number of sport related injuries coupled with road accidents along with introduction of technological advanced devices is expected to drive the industry growth. Other factors such as aging population, increasing number of hospitals and ambulatory settings and rising investment by key companies in this market further support the growth of this market. On other hand, the global market has been stifled by key impediments such as high cost of devices, and low awareness regarding the use of such equipment especially in developing regions.
To request free sample copy:
www.analystviewmarketinsights.com/request_sample/av162/
Key Takeaways:
- Knee braces and support products accounted for the largest share with USD 1,251 million revenue share in 2017. These products are increasingly used by individuals suffering from joint related disorders such as arthritis, sports players, and knee surgery patients.
- Spinal orthoses captured significant revenue share owing to the increasing scoliosis incidences. According to the American Association of Neurological Surgeons, around 2% to 3% of the total population is affected by scoliosis, which accounted for around 6 to 9 million individuals who are currently suffering from the disease.
- Hospital segment is accounted for the largest share of the global industry. Growing number of hospital settings coupled with rising incidence of orthopedic injuries support the growth of this end user application.
- North America accounted for the largest share of the global market. Growth of this region is primarily attributed to the rising incidences of arthritis due to growing obese and geriatric population.
- According to Centers for Disease and Prevention 2017 statistics, 23% of overweight and 31% of obese population in the U.S. are diagnosed with arthritis.
- In Asia Pacific, foot and ankle products represent one of the fastest growing segments, enjoying an annual average growth rate of over 7.9%. Increasing incidences of food and ankle injuries coupled with rising demand for orthopedic products support the segment growth in this region.
- The global market is largely controlled by companies such as DeRoyal Industries, Inc., DJO Global, Inc., Breg, Inc., Bauerfeind AG, and Alcare Company Ltd.
- Key players are concentrating on providing cost effective and innovative solutions to their customers to capture the untapped market. For instance, in March 2017, DJO Global, Inc., launched OA Reaction TriFit Knee brace, which is designed to provide pain relief to patients who are suffering from the degenerative joint disease that affects over 11.0 million U.S. population.
Browse full report with in-depth ToC on “Orthopedic Braces and Support Systems Market, By Product (Foot and Ankle, Knee, Upper Extremity and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025” at
www.analystviewmarketinsights.com/report-highlight-orthopedic-braces-and-support-systems-market/
The scope of this report covers the market by its major segments, as follows:
Market, by product: Foot and Ankle, Knee, Upper Extremity and others;
Market, by Region: North America, Europe, Asia Pacific, Latin America, Middle East and Africa and Rest of the World; Market, by Country: U.S., Canada, Germany, France, India, and China;
Key players profiled in this report with special attention on competitive landscape includes, (can be further customized to include additional 10 profiles of companies):
DeRoyal Industries, Inc.
DJO Global, Inc.
Breg, Inc.
Bauerfeind AG
Alcare Company Ltd.
Key benefits of the report:
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments
Find out more by getting in touch: https://www.analystviewmarketinsights.com/get-in-touch/
About Us
AnalystView Market Insights is a market research and consulting firm that adopts a proactive approach to provide the diverse need for accurate and precise market research, custom research, and consulting solutions across geographies and industry verticals. We strive to develop meaningful and evidence-based research data that helps our clients, empowering organizations and brands of all sizes with strategic analysis, accurate data, and consumer trends for various industries such as Healthcare, Bulk Chemicals, Semiconductors, Electronics, and Foods and Beverages.
Contact Us
Mr. Jose (Press & Marketing Manager)
Corporate Sales, USA
AnalystView Market Insights
Email: sales@analystviewmarketinsights.com
Tel: +91-757-498-5725 (Asia-Pacific Business Centre)
Web: www.analystviewmarketinsights.com
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