The global orthopedicbraces 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.
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.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/orthopedic-braces-support-systems-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.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
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
View press release of this research
report by Grand View Research:
http://www.grandviewresearch.com/press-release/global-orthopedic-braces-support-systems-marketAbout 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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
