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Orthopedic Braces and Supports Market By Usage Area (Hospitals, Specialty Clinics, Home Care, Others), By Product (Knee, Foot and Ankle, Upper Extremity, Neck and Spine Braces and Supports, Exoskeletons) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Orthopedic braces and supports are the products used to change or alter the functioning of the musculoskeletal system. These devices are mainly used for rehabilitation from illness, trauma, and even congenital conditions. At present, the global orthopedic braces and supports market is driven by the baby boomer population, a high focus on improving quality of life, innovation in the nature of braces and supports, the rising incidence of sports injuries, and others. Conversely, restricted reimbursement and payment models and healthcare budgets put constraints on the growth of this market.

The purpose of this research study titled "Orthopedic Braces and Supports Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" is to provide investors, developers, company executives, and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global orthopedic braces and supports market. This report presents and analyses the major trends prevalent in the global orthopedic braces and supports the market, and provides market size and forecast.

This report categorizes the global orthopedic braces and supports the market in terms of product type, usage areas, and geographical distribution. Based on product type, the global orthopedic braces and supports market is categorized into knee braces and supports (knee support braces, knee braces for osteoarthritis and ligament injuries, and post-surgery knee braces), foot and ankle braces and supports (soft braces and hinged braces), upper extremity braces and supports (wrist and hand supports, shoulder supports, and elbow supports), neck and spine braces and supports, and exoskeletons. On the basis of usage area, the global orthopedic braces and supports market is categorized into hospitals, specialty clinics, home care, and others. The market size and forecast for each mentioned segment for the period 2015–2025 are presented in the report, along with respective CAGRs for the forecast duration of 2017–2025.

Geographically, the global orthopedic braces and supports market is best understood by segmenting it into five major regions and five major region-level markets, as follows:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

This study presents the market size and forecast for each considered geographical market for the period 2015-2025, as well as CAGRs for the forecast period 2017-2025, and is further cross-sectional presented in terms of product type, usage areas, and constituent region or country-level markets.

This report also includes qualitative assessment factors such as market dynamics (drivers, restraints, and opportunities) to have a good understanding of the current and anticipated trends in the global orthopedic braces and supports market. Competition assessment tools such as major agreements, partnerships, and collaborations, market attractiveness assessment, and competitive landscape analysis by key players are also demonstrated in the study. Furthermore, this report concludes with a profile of key market players currently enjoying prominent positions in the orthopedic braces and supports market. The key players profiled in this report are Alcare Co., Ltd., Ascent Meditech Ltd., Bauerfeind AG, Breg, Inc., BSN Medical, DeRoyal Industries, Inc., DJO Global, FLA Orthopedics, Inc., Frank Stubbs Co., Inc., McDavid, Inc., Otto Bock Healthcare GmbH, OPPO Medical, Inc., ReWalk Robotics, and Trulife.

The global orthopedic braces and supports market is divided into the following segments based on usage areas:

  • Hospitals
  • Specialty Clinics
  • Home Care
  • Others

Among the considered usage areas, specialty clinics and facilities are observed to be the largest segment for orthopedic braces and supports. Higher influxes of patients in orthopedic specialty clinics, as opposed to hospitals, chiefly contribute to the dominance of this segment. There is also a reported trend toward increasing the over-the-counter availability of these products. This has further led to significant growth in demand for orthopedic braces and supports in-home care. The home care segment is expected to further proliferate on the grounds of increasing sports injuries and the growing demand for orthopedic braces and supports, particularly for extremities, for the purpose of injury prevention and pain management.

Based on the product types, the global orthopedic braces and supports market is segmented as follows:

  • Knee Braces and Supports
  • Knee Braces for Osteoarthritis and Ligament Injuries
  • Post-surgery Knee Braces
  • Foot and ankle braces and supports
  • Soft Braces
  • Hinged Braces
  • Upper Extremity Braces and Supports
  • Wrist and Hand Supports
  • shoulder supports
  • Elbow Supports
  • Neck and spine braces and supports
  • Exoskeletons

Most of the market segments considered for the purpose of this study are expected to progress steadily, mainly due to the growing geriatric population and the prevalence of osteoarthritis and obesity. The knee braces and supports segment is expected to retain its dominance through and beyond the forecast period. The high global prevalence of osteoarthritis and obesity, as well as rising disposable incomes among the general population, are key factors supporting this segment's dominance.

Additionally, neck and spine braces and supports will experience the highest demand during the forecast period of 2017–2025. Technological development and rapid regulatory approvals will open lucrative market penetration opportunities for the exoskeleton segment, particularly in the developed markets of North America and Western Europe.

Geographically, the global orthopedic braces and supports market is cumulative for North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America.

North America and Western Europe account for more than 55% of the global market for orthopedic braces and supports. The high prevalence of obese and arthritic patients, the growing geriatric population, and evolving reimbursement policies and healthcare infrastructure mainly contribute to the dominance of the mentioned regional markets. Furthermore, the entry of several players in Asia Pacific's emerging economies, as well as rising domestic awareness and disposable incomes, as well as the revival of healthcare infrastructure make the Asia Pacific the fastest-growing regional market for orthopedic braces and supports.

The detailed regional classification of the global orthopedic braces and supports market is as follows:

  • North America (U.S. and Canada)
  • Europe (Germany, the U.K., and the Rest of Europe)
  • Asia Pacific (China, Japan, and the Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and the Rest of Latin America)
  • Middle East and Africa (GCC plus the rest of the Middle East and Africa) 

Frequently Asked Question:

The market for Orthopedic Braces and Supports Market is expected to reach USD$ 5,356.2 Mn in 2025.

The Orthopedic Braces and Supports Market is expected to see significant CAGR growth over the coming years, at 5.4%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Alcare Co., Ltd., Ascent Meditech Ltd., Bauerfeind AG, Breg, Inc., BSN Medical, DeRoyal Industries, Inc., DJO Global, FLA Orthopedics, Inc.are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Aug 2017
Category:  Medical Devices
Report ID:   58639
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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