The main applications and end users, consumption (sales), market share, and growth rate for each application are the main topics of this Orthopedic Braces and Support Market study. The report is divided geographically into multiple areas, including Asia Pacific, North America, South America, the Middle East and Africa, and the rest of the world. In addition, the study provides an analysis of the impact of COVID-19 on the Orthopedic Braces and Support Market, allowing organizations to comprehend the market's drivers and constraints.
Orthopedic Braces and Support Market Overview
The global orthopedic braces and support market is anticipated to reach USD 5.2 billion by 2020 growing at a CAGR of 5.2% during the forecasting period, 2020-2028. Orthopedic braces and support are the medical devices that are designed for addressing musculoskeletal issues and they are used for aligning properly, correcting the position, supporting, stabilizing, and protecting certain parts of the body. Factors such as the rising prevalence of orthopedic diseases & disorders and continuous product commercialization are some of the major drivers for orthopedic braces and support market.
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Key Findings
The global orthopedic braces and support market is segmented into product, type, application, end-user, distribution channel, and geography.
The product segment is segmented into Lower Extremities Braces and Support, Upper Extremities Braces and Support.
The type segment is segmented into Hinged Braces and Support, Soft & Elastic Braces and Support, Hard & Rigid Braces and Support
Application segment is segmented into Preventive Care, Ligament Injury, Osteoarthritis, Post-Operative Rehabilitation, and Others
The end-User segment is segmented into Hospitals, Clinics, Home Healthcare and Others
Distribution Channel segment is segmented into OTC, Orthopedic Clinics, Hospitals & Surgical Centers and Others
Geographically, the global orthopedic braces and support market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
Orthopedic Braces and Support Market Regional Analysis
North America region is the largest contributor to the orthopedic braces and support market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028.
Orthopedic Braces and Support Market Competitive Landscape
· 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
· BSN Medical
· Frank Stubbs Co. Inc.
· Mcdavid Knee Guard Inc.
· Alcare Company Ltd
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Orthopedic Braces and Support Market Recent Developments
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
- In 2017, Johnson & Johnson has introduced an Orthopaedic Platform for improving clinical outcomes by helping health systems and surgeons drive improvements in orthopedic care
- In 2019, NuVasive Inc. has announced that its LessRay radiation reduction and workflow enhancement system has been voted a winner & won gold at the 2019 Medical Design Excellence Awards
Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.
Reasons to Acquire in the Orthopedic Braces and Support Market
- Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
- Gain authentic and granular data access for orthopedic braces and support market so as to understand the trends and the factors involved behind changing market situations
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Frequently Asked Questions
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The data included in this Orthopedic Braces and Supports Market report provides detailed information of the geographic landscape, competitive scenarios and upcoming opportunities in the Industry.
The inclusion of the statistical records in the Orthopedic Braces and Supports Market report helps in authenticating the results that are being presented and thus provide a clear vision and indication to clients in understanding the response of the participants.Global orthopedic braces and supports market is estimated to reach USD 6.8 billion by 2026 registering a substantial CAGR of 6.6%.
The increased awareness of public about preventive care, affordability of products and growth in the sector are major key drivers of the market.Fill Out Details to Receive Sample Report Copy Here: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-orthopedic-braces-and-supports-marketMarket Definition: Global Orthopedic Braces and Supports MarketThe global orthopedic braces and supports market is driven by the rising population of geriatric population globally.
Some of the major healthcare condition driving this market is osteoarthritis, sports injuries, other traumatic wounds, orthopedic surgeries, obesity and osteoporosis.
Manufacturers and suppliers developing and promoting braces and supports for prophylactic and performance-enhancing products are expected to fueling the market revenue.
Also stock and bill programs allow manufacturers to bill insurers directly another positive factor for this markets growth.Segmentation: Global Orthopedic Braces and Supports MarketGlobal Orthopedic Braces and Supports Market By Type (Soft & Elastic Braces and Supports, Hard & Rigid Braces and Supports, Hinged Braces and Supports)Product Type (Upper Extremity, Lower Limb Neck and Spine, Pelvis-Hip-Femur)End-User (Hospitals, Clinics, Home Healthcare and Others)Distribution Channel (Orthopedic Clinics, Hospitals, Over the Counter (OTC), E-Commerce, Prescription)Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)Top Manufacturers Covered in the Report:Few of the major market competitors currently working in the global orthopedic braces and supports market are DJO global, Zimmer Biomet, Medtronic, Smith and Nephew, Stryker, Össur, NuVasive®, Inc., Integra LifeSciences, Globus Medical Inc., DePuy Synthes, Ottobock., AC Mould Engineering Limited, Johnson & Johnson Services, Inc., Weber Orthopedic Inc., BSN medical, Inc., Becker Orthopedic, OPPO Medical Inc., Langer Biomechanics, McDavid Inc., Frank Stubbs Company Inc., DeRoyal Industries, Inc., Ascent Meditech Limited, Alcare Co., Ltd., among othersFocal points covered in this Orthopedic Braces and Supports Market reportThis Orthopedic Braces and Supports Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.
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.
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.
Weakening of bones, connecting tissues such as cartilages and ligaments with age increases the risk of muscle injury in knees and shoulders.
While performing health benefit related activities, athletes tend to sustain injuries which may give rise to ligament injuries.
It helps to restrict the movement of the unwanted part during any activity, thereby facilitating a convenient play.
Data Bridge Market Research has provides the Qualitative and informative knowledge by adding titled “Orthopedic Braces and Supports Market by By Type (Soft & Elastic Braces and Supports, Hard & Rigid Braces and Supports, Hinged Braces and Supports), Product Type (Upper Extremity, Lower Limb Neck and Spine, Pelvis-Hip-Femur), End-User (Hospitals, Clinics, Home Healthcare and Others), Distribution Channel (Orthopedic Clinics, Hospitals, Over the Counter (OTC), E-Commerce, Prescription), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) Analysis and Forecast, 2019 – 2026”.
The Orthopedic Braces and Supports Market report additionally states import/trade utilization, free market activity figures, cost, value, volume and gross edges.
Few of the leading organizations’ names are listed here- DJO global, Zimmer Biomet, Medtronic, Smith and Nephew, Stryker, Össur, NuVasive®, Inc., Integra LifeSciences, Globus Medical Inc., DePuy Synthes, Ottobock., AC Mould Engineering Limited, Johnson & Johnson Services, Inc., Weber Orthopedic Inc., BSN medical, Inc., Global orthopedic braces and supports market is estimated to reach USD 6.8 billion by 2026 registering a substantial CAGR of 6.6%.
The increased awareness of public about preventive care, affordability of products and growth in the sector are major key drivers of the market.For In-Depth Review | Get Sample PDF @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-orthopedic-braces-and-supports-marketMarket Definition: Global Orthopedic Braces and Supports Market Orthopedic braces and supports are the devices or product made to support the body parts after injury as well as they also provide prevention from the injury.
They also provide alignment on abnormal injury through rehabilitation and recovery Top Manufacturers Covered in the Report: Few of the major market competitors currently working in the global orthopedic braces and supports market are DJO global, Zimmer Biomet, Medtronic, Smith and Nephew, Stryker, Össur, NuVasive®, Inc., Integra LifeSciences, Globus Medical Inc., DePuy Synthes, Ottobock., AC Mould Engineering Limited, Johnson & Johnson Services, Inc., Weber Orthopedic Inc., BSN medical, Inc., Becker Orthopedic, OPPO Medical Inc., Langer Biomechanics, McDavid Inc., Frank Stubbs Company Inc., DeRoyal Industries, Inc., Ascent Meditech Limited, Alcare Co., Ltd., among others Competitive Analysis: Global Orthopedic Braces and Supports Market The global orthopedic braces and supports market is highly fragmented and 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 report includes market shares of orthopedic braces and supports market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
