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.
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.
Full Research Report On orthopedic braces and
supports market Analysis: 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.
View More Reports Of This Category By Grand View Research
At: https://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: https://www.grandviewresearch.com/press-release/global-orthopedic-braces-support-systems-market
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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.
For More Information: www.grandviewresearch.com
