The global orthopedic braces and
supports market is expected to reach a value of USD 5.8 billion by 2025,
according to a new report by Grand View Research, Inc. There is a growing
demand for orthopedic support systems in order to improve the structural and
functional features of skeletal and neuromuscular systems. These kinds of
support systems restrict mobility to a particular direction, thereby, assisting
the overall movement of a patient.
Osteoporosis is one of the leading
causes of musculoskeletal disorders amongst the aging population. This
generates the need for orthopedic support systems. Geriatric population plays a
vital role in accelerating the demand for the products in the market. This
population base exhibits highest incidence of musculoskeletal disorders. Aging
leads to significant changes in the skeletal and neuromuscular systems,
resulting in weak ligament, arthritis, and Anterior Cruciate Ligament (ACL)
tear. Currently, the geriatric population is growing at an unprecedented rate.
As a result, the demand for orthopedic braces and supports is expected to grow
in the near future.
 |
| U.S. orthopedic braces & support systems market, by product, 2014 - 2025 (USD Million) |
Rising incidence of sport-related
injuries has also become a leading cause for osteoarthritis among athletes.
Health conscious people are continuously engaged in fitness-related activities.
This might lead to muscle pain, which results in increased demand for braces
& supports. Sometimes, athletic activities can also result in knee joint
disorder, which facilitates rise in demand for knee braces.
In depth research report on
Orthopedic Braces & Supports Market
Further Key Findings From the Study
Suggest:
·
Knee braces and supports
held the largest market share in 2015 as knees are extremely vulnerability to
injury at the time of sports-related activities
·
Amongst the end-use
segment, orthopedic clinic was the largest revenue contributor in 2015 due to
increasing preference for orthopedic consultations for quick check up
·
The Over-the-counter
(OTC) segment is anticipated to grow at a lucrative CAGR over the forecast
period owing to the fact that the braces and support systems are readily
available in the retail stores without a doctor’s prescription
·
North America dominated
the market in 2015 owing to rising healthcare spending and high purchasing
power associated with this region
·
Asia Pacific is expected
to witness attractive growth over the forecast period due to rising geriatric
population in China
·
Some of the key companies
are Bauerfeind AG; DJO Global, Inc.; Össur Corporate; Breg, Inc.; DeRoyal
Industries, Inc.; Otto Bock Healthcare GmbH; and BSN Medical GmbH.
Grand View Research has segmented the
orthopedic braces & supports market on the basis of product, end use, and
region:
Orthopedic Braces & Supports Product Outlook (Revenue, USD Million;
2014 - 2025)
·
Knee Braces &
Supports
o Knee Braces for Osteoarthritis and Ligament Injuries
o Post-operational Knee Braces
·
Foot and Ankle Braces
& Supports
o Soft Braces
o Hinged Braces
·
Spinal Orthoses
·
Upper Extremity Braces
& Supports
o Shoulder Supports
o Wrist & Hand Supports
Orthopedic Braces & Supports End-Use Outlook (Revenue, USD Million;
2014 - 2025)
·
Orthopedic Clinics
·
Over the Counter (OTC)
·
Hospitals
·
Others
Orthopedic Braces & Supports Regional Outlook (Revenue, USD Million;
2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
·
Latin America
o Brazil
o Mexico
·
MEA
o South Africa
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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