Global Orthopedic Braces and Supports Market, By Type (Soft and Elastic Braces and Supports, Hard and Rigid Braces and Supports, Hinged Braces and Supports), Product Type (Upper Extremity, Lower Extremity, 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), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2027
Orthopedic braces and supports market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 7.28 billion by 2027 and will grow at a CAGR of 7.1% in the above-mentioned forecast period.
The rapid increase in the orthopedic surgeries is majorly driven by surgeries done by the replacements of knee and hip and thus is directly impacting the growth of the orthopedic braces and supports market over the forecast period of 2020 to 2027. In comparison with other invasive treatments, braces and supports are less painful, help in quick recovery and decrease the incidences of post-surgical complications and such factors are preferred by patients across the world which is stimulate the overall orthopedic braces and supports market growth.
Furthermore, factors such as the increased awareness of public about preventive care, reasonably priced products with greater availability, increasing sport industry sector, increased number of accidental injuries, increasing incidence of osteoarthritis and rising public awareness related to preventive care are some of the key aspects driving the market of orthopedic braces and supports globally. However, the limited patient qualification for bracing-mediated orthopedic treatment as well as the limited clinical evidence to support the therapeutic efficiency of orthopedic braces will impede the growth of the orthopedic braces and supports market. In addition the orthopedic braces and supports are largely used by the majority of the geriatric population as a help which is expected to fuel demand and enable the growth of the orthopedic braces and supports market in the above mentioned forecast period.
Additionally, the increased sales of off-the-shelf and online products along with the endorsement and branding initiatives undertaken by major product manufacturers will present ample growth opportunities for the orthopedic braces and supports market to grow in the forecast period of 2020 to 2027. The significant adoption of pain medications is the major factor expected to challenge the orthopedic braces and supports market.
This orthopedic braces and supports market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on orthopedic braces and supports market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Orthopedic Braces and Supports Market Scope and Market Size
Orthopedic braces and supports market is segmented on the basis of type, product type, end user and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Based on type, the orthopedic braces and supports market is segmented into soft and elastic braces and supports, hard and rigid braces and supports and hinged braces and supports.
The product type segment of the orthopedic braces and supports market is segmented into upper extremity, lower extremity, limb neck and spine and pelvis-hip-femur. Upper extremity is further segmented into elbow and forearm, wrist-hand and shoulders. Lower extremity is further segmented into ankle and foot and knee-tibia. Limb neck and spine is further segmented into Head-cervical spine, thoracic spine-thorax and lumbar spine.
Based on end user, the orthopedic braces and supports market is divided into upper extremity, lower limb neck and spine and pelvis-hip-femur.
On the basis of distribution channel, the orthopedic braces and supports market is segmented into orthopedic clinics, hospitals, over the counter (OTC), e-commerce and prescription.
Global Orthopedic Braces and Supports Market Country Level Analysis
Orthopedic braces and supports market is analyzed and market size insights and trends are provided by country, type, product type, end user and distribution channel as referenced above.
The countries covered in the orthopedic braces and supports market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the orthopedic braces and supports market owing to the increasing awareness regarding bracing devices that aid mobility and prevent further injury in this particular region.
Europe is expected to expand at a significant growth rate over the forecast period of 2020 to 2027 owing to the strong presence of well-developed healthcare infrastructure, availability of advanced products, and skilled professionals along with increasing demand for advanced therapies and products in the region.
The country section of the orthopedic braces and supports market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Orthopedic braces and supports market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for orthopedic braces and supports market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the orthopedic braces and supports market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Orthopedic Braces and Supports Market Share Analysis
Orthopedic braces and supports market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to orthopedic braces and supports market.
The major players covered in the orthopedic braces and supports market report are DJO, LLC, Zimmer Biomet, Medtronic, Stryker Corporation, Össur, NuVasive®, Inc., Integra LifeSciences Corporation, Globus Medical, OTTOBOCK, AC Mould Engineering Limited, Johnson & Johnson Services, Inc., Weber Orthopedic LP. DBA Hely & Webe., BSN medical, Becker Orthopedic, OPPO MEDICAL INC., Langer Biomechanics, McDavid, Frank Stubbs Company Inc., DeRoyal Industries, Inc., Ascent Meditech Limited, and Alcare Co., Ltd., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Orthopedic Braces and Supports Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.