The 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. A new trend of increasing sales of orthopedic braces and supports via e-commerce is expected to become the biggest sales channel for these devices by 2025. Also stock and bill programs allow manufacturers to bill insurers directly another positive factor for this markets growth.
The increasing trend of lifestyle activities in the elderly populations has caused to a rising incidence of osteoarthritis and the increasing awareness of braces and supports will definitely create growth in this market more than what is expected. Also larger the customer base larger is the main focus of this market, the user pool is mostly of geriatric population but the spread into other age’s population is the new market goal.
The global orthopedic braces and supports market is segmented into type (Knee braces and supports, Foot and ankle braces and supports, Spinal orthoses, Upper extremity braces and supports and Leg walkers), end-user (Hospitals, Orthopedic clinics and Others).
The knee braces and supports market is segmented into 4 product types (Knee Support, Knee braces for osteoarthritis, Knee braces for ligament injury and Post operative knee braces. Knee support holds a lion’s share of 57.0% of the knee braces and supports market in 2014, expected to reach $1,112.5 million by 2020 growing at 6.2% CAGR from 2015 to 2020.
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Global Orthopedic Braces and Supports Market – Industry Trends and Forecast to 2027
Europe Orthopedic Braces and Supports Market - Trends and Forecast to 2027
Asia-Pacific Orthopedic Braces and Supports Market – Industry Trends and Forecast to 2027
North America Orthopedic Braces and Supports Market – Industry Trends and Forecast to 2027
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Europe Orthopedic Braces and Supports Market is Poised to Grow at 7.3%
Global Orthopedic Braces And Supports Market is Expected to Grow at CAGR 6.6% from 2017 to 2024
Orthopedic Braces and Supports Market to grow at a CAGR of 6.6% due to increasing sports related injury