DUBLIN, October 23, 2017 /PRNewswire/ --
The "Orthopedic Braces and Supports Market by Product (Lower Extremity (Knee, Foot, Ankle, Back), Upper Extremity (Shoulder, Elbow, Wrist)), Application (Ligament Injury, Preventive Care, Osteoarthritis), End User (Hospitals, OTC)-Global Forecast to 2022" report has been added to Research and Markets' offering.
The global orthopedic braces market is projected to reach USD 4.93 Billion by 2022 from USD 3.76 Billion in 2017, at a CAGR of 5.6%.
The development of specialized orthopedic bracing and support products, increased off-the-shelf and online product sales, and product promotion & branding initiatives undertaken by major product manufacturers are the key factors driving the growth of the market.
This report broadly segments the orthopedic supports market into product, type, application, end user, and region. On the basis of product, the market is categorized into lower extremity and upper extremity braces and supports. In 2017, the lower extremity braces and supports segment is expected to account for the largest share of the market. It is also expected to register the highest CAGR during the forecast period due to growing prevalence of obesity & diabetes and higher prevalence of orthopedic disorders and diseases.
Of the four geographic regions studied in the report, North America is expected to command the largest share of the market in 2017 owing to the favorable medical reimbursement scenario & availability of insurance for major orthopedic bracing procedures and expansion of target patient population (especially osteoporosis and osteoarthritis patients as well as those suffering from musculoskeletal injuries). However, Asia Pacific is expected to register the highest growth rate during the forecast period due to increasing GDP & healthcare expenditure and growing public awareness about various orthopedic treatments.
Factors such as high adoption of pain medications, limited clinical evidence to support the efficacy of orthopedic braces and supports, and limited patient qualification for bracing-mediated orthopedic treatment are expected to restrain the growth of the market during the forecast period.
The major players in the market are DJO Finance LLC (US), Breg, Inc. (US), Ossur Hf (Iceland), DeRoyal Industries, Inc. (US), Bauerfeind AG (Germany), Otto Bock Holding GmbH & Co. KG (Germany), BSN medical (Germany), medi GmbH & Co. KG (Germany), THUASNE Group (France), and 3M Company (US).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Orthopedic Braces And Supports Market, By Product
7 Orthopedic Braces And Supports Market, By Type
8 Orthopedic Braces And Supports Market, By Application
9 Orthopedic Braces And Supports Market, By End User
10 Orthopedic Braces And Supports Market, By Region
11 Competitive Landscape
12 Company Profiles
- 3M Company
- Alcare Co. Ltd
- Ascent Meditech Ltd. (India)
- Bauerfeind Ag
- Becker Orthopedic (Us)
- Bio Skin (Us)
- Bird & Cronin
- Bort Medical (Germany)
- Breg Inc.
- BSN Medical
- Chase Ergo Inc. (Us)
- Corflex Inc. (Us)
- Deroyal Industries Inc.
- Dicarre Llc (Us)
- Djo Finance Llc
- Medi Gmbh & Co. Kg
- Otto Bock Healthcare
- Pelican Manufacturing(Australia)
- Reh4Mat (Poland)
- Remington Products Company
- Thuasne Group
- United Ortho (Us)
- Zimmer Biomet Holdings Inc.
For more information about this report visit https://www.researchandmarkets.com/research/6n6bhb/orthopedic_braces
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