Orthopedic Braces and Supports Market 5.6% CAGR Led by Lower Extremity Braces and Supports Segment to 2022
PUNE, India, September 20, 2017 /PRNewswire/ --
The orthopedic braces and supports market is forecast to reach $4.93 billion by 2022 from $3.76 billion in 2017 at a CAGR of 5.6% during (2017-2022) driven by rising number of accident-related injuries, increasing sports participation across the globe, growing prevalence of orthopedic disorders and disease, and increasing availability of reimbursements for orthopedic braces and supports says a latest report at ReportsnReports.com.
Browse 74 Market Data Tables and 30 Figures spread through 331 Pages and in-depth TOC on "Orthopedic Braces and Supports Market Global Forecast to 2022" at http://www.reportsnreports.com/reports/431611-orthopedic-braces-supports-market-by-product-knee-braces-foot-ankle-braces-spinal-orthoses-upper-extremity-braces-by-end-user-orthopedic-clinics-over-the-counter-hospitals-and-others-by-geography-global-forecast-to-2020.html .
Geographically, the orthopedic braces and supports market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected to register the highest growth rate during the forecast period owing to increasingly localized manufacturing, favorable government regulations, and growing focus of global product manufacturers on expanding their presence in APAC countries.
The lower extremity braces and supports segment is expected to witness the highest growth during the forecast period. In 2017, on the basis of product, the lower extremity braces and supports segment is expected to register the highest growth rate during the forecast period, due to rising geriatric population, growing adoption of braces among athletes, and increasing use of braces and supports by osteoarthritis patients and athletes for preventive care.
Inquire for Discount on 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 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=431611 .
The global orthopedic braces and supports market is competitive, with a large number of global and local players. In 2016, the market was dominated by DJO Finance LLC (US), Breg, Inc. (US), and Ossur Hf (Iceland). Product launches, strategic acquisitions, and partnerships were the major strategies adopted by market players to achieve growth in the market.
In 2017, on the basis of type, the soft & elastic braces and supports segment is expected to account for the largest share of the market, majorly due to the significant public participation in sports and outdoor activities (such as mountain biking, skateboarding, and snowboarding), rising geriatric population (at greater risks of joint inflammation, joint sprains, and flexibility loss), and the increasing prevalence of osteoarthritis & osteoporosis.
In 2017, on the basis of application, the ligament injury segment is expected to register the highest growth rate during the forecast period, owing to increasing public participation in sports & athletic activities (coupled with the rising incidence of sports-related injuries) and public awareness related to the clinical benefits of these products in the effective clinical management of ligament injuries.
Make an Inquiry on "Orthopedic Braces and Supports Market Global Forecast to 2022" research report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=431611 .
In 2017, on the basis of end user, the orthopedic clinics segment is expected to account for the largest share of the market primarily due to the rising number of ambulatory care units across mature countries, significant rise in road accident injuries, higher availability of well-trained & skilled orthopedic technicians across major markets, and greater availability of reimbursements for outpatient orthopedic procedures.
Breakdown of supply-side primary interviews: by company type, designation, and region:
- By Company Type: Tier 1 - 25%, Tier 2 - 30% and Tier 3 - 45%
- By Designation: C-level - 26%, Director-level - 30%, others - 44%
- By Region: North America - 34%, Europe - 26%, APAC - 23%, RoW - 17%
This report studies the orthopedic braces and supports market based on product, type, application, and end user. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting the market growth. It analyzes opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for the market leaders. The report forecasts the revenue of the market segments with respect to four main regions.
Another research titled OTC Orthopedic Braces Market Global Forecast to 2021 says, the global OTC orthopedic braces market is projected to grow at a CAGR of 4.8% from 2016 to 2021, to reach $1.33 billion by 2021. Although the developed regions (such as North America and Europe) held dominant positions in the OTC orthopedic braces market in 2016, the Asian region is projected to grow at the highest CAGR during the forecast period. Geographically, North America is estimated to command the largest share of the global OTC orthopedic braces market in 2016, followed by Europe. Companies such as DJO Finance LLC (U.S.), DeRoyal Industries Inc. (U.S.), Breg, Inc. (U.S.), Össur hf. (Iceland), Bauerfeind AG (Germany), BSN Medical (Germany), Otto Bock HealthCare (Germany), medi GmbH & Co. KG (Germany), Thuasne Group (France), 3M Company (U.S.) have been profiled in this 306 pages research report available athttp://www.reportsnreports.com/reports/731029-otc-orthopedic-braces-market-by-product-otc-back-brace-otc-knee-brace-otc-ankle-brace-foot-walkers-shoulder-braces-elbow-braces-indication-prophylactic-injury-osteoarthritis-geography-north-america-eu-st-to-2021.html .
Explore more reports on Medical Devices Market at http://www.reportsnreports.com/market-research/medical-devices/ .
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