Orthopedic Braces and Supports Market Size 2020, Statistics, Trends, Regional Analysis by Key Players
According to The Insight Partners market research study titled ‘Orthopedic Braces and Supports Market to 2025 – Global Analysis and Forecasts by Product and Application. The global orthopedic braces and supports market is expected to reach US$ 5,429.3Mn in 2025 from US$ 3,631.2Mn in 2017. The market is estimated to grow with a CAGR of 5.3% from 2018-2025. The report highlights the trends prevalent in the global orthopedic braces and supports market and the factors driving the market.
Global orthopedic braces and supports market,
based on product was segmented into knee, back & hip, shoulder, elbow, foot
and ankle and spine. In 2017, knee segment held the largest share of the
market, by product. Whereas, the shoulder segment is reported to be the fastest
growing of the market owing to the advantages provided by the braces such as
providing support for the shoulder and the joint pains. Also the shoulder brace
braces provides correct posture habits, keeps shoulder elevated that enables
the blood flow, aids healing, reduces shoulder instability, compress the
shoulder joints that reduces the inflammation and it also allow the adjustment
of the temperature of the braces that provides hot and cold therapy. In
addition, the increasing incidences of the road accidents and incorrect
postures of the employees working in the information technology and others are
prone to the shoulder aches. Thus, owing to these factors the rise in the
segment for the orthopedic braces and supports market is likely to enhance the
growth of the market in the coming years.
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The market for orthopedic braces and supports
market is expected to grow due to the increase in the number of orthopedic
surgeries, rise in the geriatric population, growing incidents of road
accidents and increase in the awareness and adoption of orthopedic braces and
supports are expected to boost the market over the years. The trends such as
demand for the higher quality product is likely to maintain the demand of the
orthopedic braces in the coming period.
The major players operating in the orthopedic
braces and supports market includes DJO Global, Zimmer Biomet, Ossur Corporate,
3M, Breg Inc., Bauerfeind, BSN medical, DeRoyal Industries, Inc., Thuasne,
ALCARE Co.Ltd, and Ottobock. The recent developments such product launch in the
market were done by these companies in the year 2018. Companies such as DJO
global and Breg Inc. introduced their new products in the market.
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