Transparency Market Research Report Added "Bracing and Support Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020"
Albany, NY -- (SBWIRE) -- 11/18/2016 -- As an outcome of the increasing incidence of musculoskeletal and sports injuries, the bracing and support devices market has gained considerable momentum in the past few years. In a report, titled "Bracing and Support Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020" Transparency Market Research (TMR) gauges the impact of various growth drivers and restraints on the market. It is intended to provide an executive-level blueprint of the global bracing supporting devices market, to let stakeholders know the prevailing market dynamics.
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Driven by factors such as the increasing aging population, growing prevalence of dietary diseases and sedentary lifestyle, and the rising use of braces in the treatment of sports injuries, growth witnessed by the global bracing and support devices market is poised to be robust. The rising number of sports and musculoskeletal injuries has prompted orthotics manufacturers to design and develop advanced medical devices.
As per the National Health Statistics and National Ambulatory Medical Care Survey over 3.8 million visited physicians with musculoskeletal complaints. The number represented a significant increase over previous year's statistics. The likelihood of the number to increase in future is quite high as per TMR, thus bolstering the demand for high-performing and advanced bracing and support devices.
The global bracing and support devices market can be segmented into Asia Pacific, Europe, North America, and Rest of the World based on geography. Among these regions, North America led the global market in 2013. Europe in the same year emerged as the second-largest market for bracing and support devices. These regions witness a high incidence of musculoskeletal diseases. Besides this, the geriatric population across these regions is growing at a rapid pace. The increasing awareness among patients about the benefits of the bracing and support devices in the treatment of musculoskeletal and sports injuries will help the market gain impetus in the near future.
During the course of the forecast period, the market is expected to witness strong growth in Asia Pacific as well. The increasing healthcare spending in these and flexible regulatory requirements have been aiding the expansion of the bracing and support devices market in Asia Pacific. Singapore, China, India, and South Korea are currently the largest markets for bracing support devices across Asia Pacific.
To study the prevailing competition, the report will also include the profiles of the leading companies operating in the market. Some of the most prominent companies currently operating in the market are Aspen Technology, Inc., DJO, LLC., DeRoyal Industries, Inc., Biomet, Inc., Cybertech, Ossur Corporate, Spinal Technology, Bledsoe Brace Systems, Chase Ergonomics, Boston Brace, Xback, McDavid, FLA Orthopedics, Orthomerica, and Otto Bock.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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