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Orthopaedic Braces and Supports Market Drivers, Industry Survey and Business Development Analysis till 2025

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Viraj Patil

The Orthopaedic Braces and Supports Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.


Market Insights

The global orthopaedic braces and supports market size was worth USD 3.1 billion in 2015 which is anticipated to grow at a CAGR of more than 6.7% during the forecast period. Increasing prevalence of arthritis is one of the leading cause of the growth of orthopedic braces and supports market. It is the most common form of arthritis which affects the population of all ages.

 

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According to the Centres for disease Control and Prevention, in 2015, 30 million US adults were estimated to suffer from osteoarthritis. It is estimated that 54.4 million of the US adults are affected with some form of arthritis. People with arthritis are the major target for orthopedic braces and supports. The second most common form of arthritis is rheumatoid arthritis which cause muscle pain.

 

Increase in geriatric population is one of the primary driver for the growth of the market. This population is highly affected by musculoskeletal disorders. According to International Osteoporosis Foundation, osteoporosis and low bone mass is a major threat to around 44 million U.S. men and women of age 50 and older. Approximately, 30% of the post-menopausal women suffer from osteoporosis in the US. Weakening of bones, connecting tissues such as cartilages and ligaments with age increases the risk of muscle injury in knees and shoulders. This supports the increasing need of orthopedic braces and supports.

 

Orthopedic Braces & Supports Product Outlook (Revenue, USD Million; 2014 - 2025)

       • Knee Braces & Supports

               • Knee Braces for Osteoarthritis and Ligament Injuries

               • Post-operational Knee Braces

       • Foot and Ankle Braces & Supports

               • Soft Braces

               • Hinged Braces

       • Spinal Orthoses

       • Upper Extremity Braces & Supports

               • Shoulder Supports

               • Wrist & Hand Supports

 

Orthopedic Braces & Supports End-Use Outlook (Revenue, USD Million; 2014 - 2025)

       • Orthopedic Clinics

       • Over the Counter (OTC)

       • Hospitals

       • Others

 

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Key Players Analysis covered in these report

·        DJO Global

·        Breg

·        Alcare Company Ltd

·        Otto Bock Healthcare GmbH

·        FLA Orthopedics

·        McDavid Knee Guard

·        Frank Stubbs Co. and many others


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