Orthopedic Braces and Supports Market Making CAGR of 6.6% by 2018 Through 2024 - Global Study & Impact Analysis
Orthopedic Braces and Supports Market, By Product Type (Upper Extremity, Lower Limb Neck and Spine, Pelvis-Hip-Femur), By End-User (Hospitals, Clinics, Home Healthcare and Other End-Users), By Distribution Channel (Orthopedic Clinics, Hospitals, Over The Counter (OTC), E-Commerce, Prescription), By Geography
Pune, India -- (SBWire) -- 04/10/2018 --Global Orthopedic Braces and Supports Market is expected to reach USD 5.91 billion by 2024 from USD 3.62 billion in 2016, at a CAGR of 6.6% in the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The main restrains regarding the orthopedic braces and support is lack of knowledge. New technologies are upgrading from time to time. Although innovative surgery has currently increased the adoption of knee, ankle and joint braces, those same improvements could potentially pose a challenge to the orthopedic device sector in the future. By wearing a brace and decreasing the load on the injured area, may indeed increase the load on another area of the body, which could lead to injury.
Unawareness regarding the new orthopedic braces and support lead to restrain the market. Misleading leads to restrain regarding orthopedic braces and support and lack of trust among the general public.
The Orthopedic Braces and Supports Market is segmented on the basis of product type, usability, end-user, distribution channel and geography.
By product type the market for Orthopedic Braces and Supports Market is segmented into upper extremity, lower extremity, spine and neck and pelvis-hip and femur braces and supports. The upper extremity braces and supports product segment is further segmented into Elbow and Forearm, wrist-hand, shoulders. Lower limb braces and support product segment is further segmented into ankle and foot, knee-Tibia, pelvis-hip-Femur. Neck and spine is further classified as Head-Cervical Spine, thoracic spine-thorax, Lumbar spine. Spine braces and support are further classified on the basis of use of time like Full time and night time. Full time is further classified as Milwaukee brace, Boston brace, Wilmington Brace and night time is further classified as Charleston bending brace, Providence Brace) Cervical spine brace(Halo Ring, Crowns, or Vest. Upper extremity product is expected to grow at the highest CAGR in forecast period 2017 to 2024
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The Global Orthopedic Braces and Supports Market segment is further categorized on the basis of application into injury rehabilitation, injury prevention, osteoarthritis care, post-operative care and more. The unloader b (valgus) knee brace is recommended for pain reduction in patients with osteoarthritis of the medial compartment of the knee.
The Orthopedic Braces and Supports Market is segmented on the basis of end-User like hospitals, Clinics, home health care and other end-users.
Based on geography the market is segmented into 5 geographical regions, North America, Europe, Asia Pacific, Latin America, MEA (Middle East & Africa).The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others.
The Orthopedic Braces and Supports Market is highly fragmented with various companies operating in local regions. The major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The global orthopedic braces and support market report contains an in-depth profiling of the key market players, along with the recent developments (New product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market. Some of the major players operating in this market are DJO global, Zimmer Biomet, Medtronic, Smith and Nephew, Stryker, Ossur, NuVasive, Integra LifeSciences, Globus Medical, DePuy Synthes, Ottobock., AC Mould, Johnson&Johnson, Weber Orthopedic Inc., Bledsoe Brace Systems, FLA Orthopedics, Bauerfeind USA Inc., OPPO Medical Inc., Langer Biomechanics and BSN medical.
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