Worldwide Orthopedic Braces & Support Systems Market Size was valued at USD 2.97 billion in 2017and is estimated to reach up to USD XX.XX billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 5.3% during the forecast period, i.e. 2017-2025.

Worldwide Orthopedic Braces & Support Systems Market Growth Opportunities (Revenue, Growth) By 2017-2025

Orthopedic Braces & Support Systems are considered to the strong line of support that prevents injury. The sports braces are basically designed as support systems for the knees, ankles, backs, elbows, wrists and more. These medical devices are often prescribed for the patient to wear during the process of recovery and rehabilitation. Many specialized healthcare fields use orthopaedic braces, including those concerned with rehabilitating and preventing injuries, post-operative care, osteoarthritic care, and more. A qualified medical professional can determine what type of orthopaedic brace is ideal for the patient, as well as the fit, type of support, function, and level of stability or protection. Orthopaedic devices fall under the medical specialty of orthotics, a field that involves the design, manufacture, and application of orthopaedic braces and other similar devices that are used outside the patient’s body to modify or improve the function and structure of the affected muscles and bones.

Market Dynamics

Orthopedic Braces & Support Systems market was valued at USD 2.97 billion in 2017. The market is expected to grow at a faster pace during the forecast period.  The Orthopedic Braces & Support Systems market is primarily driven by growing prevalence of knee and foot injury has led to an increasing demand for orthopedic braces globally. Furthermore, increasing incidences of fractures, ruptured or bulging disks, and scoliosis and back pains due to heavy or improper lifting is further expected to impact growth of the global orthopedic braces & support system positively.

Increasing demand for convenience and comfort has led the manufacturers to focus on integrating innovative features in range of orthotic shoe devices, which offers cushion to keep the foot safe from exertion and keep it in neutral position. Demand for faster restoration process of fracture after removing the cast continues to contribute towards growth of the global orthopedic braces & support system market.

Segment Analysis 

Based on the products type, the Orthopedic Braces & Support Systems market is segmented as lower extremity, and Upper extremity. Lower extremity segment is sub segmented as Knee, Foot, Ankle, and Back. While, upper extremity is sub segmented as Shoulder, Elbow, and Wrist.

On the basis of application, the Orthopedic Braces & Support Systems market is segmented as Ligament Injury, Preventive Care, and Osteoarthritis. Ligament injury to be the leading segment in the market owing to rising number of accidents worldwide and growing availability of medical reimbursement for the treatment of ligament injuries.

The global market, on the basis of end use is segmented as hospitals, OTC (over-the-counter), and others. The hospitals and surgical centers segment is expected to register the highest CAGR during the forecast period. This can be attributed to the growing number of orthopedic surgical procedures that require post-operative patient rehabilitation, favorable reimbursement for customized braces and supports, and availability of medical coverage for the surgical treatment of orthopedic disorders.

Regional Analysis

Regionally, the market is segmented as North America, Europe, Asia Pacific, and Middle East & Africa. North America to the major market growth contributor owning to continuous development and commercialization of novel orthopedic braces & support products and a significant level of medical reimbursements & insurance available for major orthopedic bracing procedures. Whereas, Asia Pacific to be the fastest growing market during the forecast period. Middle East and Africa market gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period.

Global Orthopedic Braces & Support Systems Market Size, Share Analysis By Region 2017

Orthopedic Braces & Support Systems Market: Secondary Research

To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors, General Service Administration, Department of Transportation, and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.

Orthopedic Braces & Support Systems Market: Primary Research

For conducting primary research, several primary sources of the demand as well as supply sides have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in orthopedic braces & support systems market are included as primary sources of the supply side.

After performing comprehensive engineering of orthopedic braces & support systems market (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.

Key Players

Major players operating in global Orthopedic Braces & Support Systems market include DJO Finance LLC, Breg, Inc., Ossur Hf, DeRoyal Industries, Inc., Bauerfeind AG, Otto Bock HealthCare, BSN Medical, medi GmbH & Co. KG, 3M Company, and THUASNE Group.

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