Growing prevalence of knee and foot injury has led to an increasing demand for orthopedic braces globally. In addition, increasing incidences of fractures, ruptured or bulging disks, scoliosis and back pains due to heavy or improper lifting is further expected to impact growth of the global orthopedic braces & support system positively. Fact.MR states that the global market of orthopedic braces & support system is projected to register a CAGR of 5.1% over the forecast period, 2017-2022.
Factors Fuelling Growth of the Global Market
Growth of the global orthopedic braces and support system market is mainly bound by various macro-economic and micro-economic factors. Prevalence of spinal deformities, impaired muscles, fracture injury, arthritis, paralysis and sciatic nerve has revved up adoption of orthopedic braces in the global market. A recent report by CDC states that an estimated 22.7% of adults had doctor-diagnosed arthritis in 2015 along with higher age-adjusted prevalence in women (23.5%) then in men (18.1%). Growing prevalence of foot issues has led to increasing adoption of orthotic shoe devices and braces globally.
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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. Surge in demand to support weak limbs has revved up sales of various orthopedic braces and support products in the global market. Moreover, application of orthopedic braces enables controlling and guiding a joint or injured body part in order to limit or immobilize extremities during the foot injury.
In addition, demand for orthopedic braces remain high among obese persons due to growing need for weight management. Obese people face difficulties while walking and moving around attributed to weight issues. Adoption of orthopedic braces continue to remain high among obese persons in order to reduce weight bearing.
Moreover, companies in the orthopedic industry continue concentrating on designing orthopedic braces and support systems in parallel with the smart technology. Smart AFO braces, smart spine braces and step smart braces include some of the recently launched orthopedic devices. Companies in this industry is mainly concentrating on development and innovation of products in order to achieve an advantage in the global market. Moreover, manufacturers are increasingly focusing on offering features in the orthopedic devices that allow the end users to avoid bad smell and allows the injured skin to breathe. In order to design products with improved efficiency and accuracy, manufacturers are witnessed to adopt hypoallergenic materials and anatomical modelling software applications. Attributed to water-resistant and lightweight features, demand for orthopedic devices will continue to rev up significantly.
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Sales to Remain High through Knee Braces & Support Products
Increasing instances of injuries in legs and knee has led to a surge in demand for the knee braces & support products. Based on product type, the knee braces & supports segment is projected to represent a robust revenue growth, recording more than US$ 500 Mn by 2022-end. During the forecast period, this segment is projected to reflect a healthy CAGR in the global market. The hospital end users segment is projected to generate highest revenues, representing more than US$ 500 Mn by 2017-end. On the other hand, the ASCs end users segment is projected to reflect a robust CAGR throughout the forecast period.
Major players in the global market of orthopedic braces & support system are Breg, Inc., Bauerfeind AG, DeRoyal Industries, Inc., BSN Medical GmbH, Ossur hf., DJO Global, Inc., Promedics Orthopedics Ltd., Otto Bock Healthcare GmbH, Trulife Inc. and Ascent Meditech Ltd.
To deliver a seamless understanding of the Orthopedic Braces and Support System market, the report is divided into 18 sophisticated chapters whose snapshots are provided below.
Chapter 1 – Executive Summary
The report commences with the chapter of the executive summary which delivers brief yet affluent information of the Orthopedic Braces and Support System market. The chapter includes discussion on the market overview, market analysis and market recommendations regarding the Orthopedic Braces and Support System market derived based on Fact.MR’s proprietary wheel of fortune.
Chapter 2 – Market Introduction
In the market introduction chapter, the Orthopedic Braces and Support System market is introduced along with the
market segmentation in the form of market taxonomy. The chapter also introduces the Orthopedic Braces and Support System in the market definition section.
Chapter 3 – Orthopedic Braces and Support System Market Background
In this chapter, macroeconomic factors, market dynamics, a complete value chain and pricing
analysis with regard to Orthopedic Braces and Support System market is elaborately discussed. Discussion on the
market drivers, restraints, trends and opportunities and their impact on the market forecast is also
covered in this chapter.
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Chapter 4 – Global Orthopedic Braces and Support System Market Analysis 2013–2017 and Forecast 2018–2026
This chapter provides the Orthopedic Braces and Support System market size in terms of market volume and value
during the forecast period. Market analysis based on absolute $ opportunity and y-o-y growth of the Orthopedic Braces and Support System market is also covered in this chapter.
Chapter 5 – Global Orthopedic Braces and Support System Market Analysis 2013–2017 and Forecast 2018–2026,
By System Type Based on system types in the Orthopedic Braces and Support System market, the chapter elaborates market size of individual systems and analysis by system types and summary of this section is covered in the chapter.
Chapter 6 – Global Orthopedic Braces and Support System Market Analysis 2013–2017 and Forecast 2018–2026, By Application
Based on applications, Market size of individual applications, their market attractiveness analysis and summary are also covered.
Chapter 7 – Global Orthopedic Braces and Support System Market Analysis 2013–2017 and Forecast 2018–2026, By End User
This chapter elaborates the segmentation of the Orthopedic Braces and Support System market based on end users
including independent end users, Market attractive analysis by end users is also discussed to fathom relative lucrativeness of different end users of the Orthopedic Braces and Support System market.
Chapter 8 – Global Orthopedic Braces and Support System Market Analysis 2013–2017 and Forecast 2018–2026, By Region
With the geographical perspective, the Orthopedic Braces and Support System market is analyzed on a total of seven regions including North America, Latin America, Europe, South East Asia & Pacific, Middle East & Africa, China and Japan. Historical data and prevailing trends in the Orthopedic Braces and Support System market and their influence on the global market performance is discussed in this chapter.
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