According to a report,"Orthopedic Braces And Support Systems Market Analysis By Product (Knee Braces & Supports, Foot and Ankle Braces & Supports, Spinal Orthoses, Upper Extremity Braces & Supports), By End-use, And Segment Forecasts, 2018 - 2025", published by Grand View Research, Inc., the global orthopedic braces and supports market is expected to reach a value of USD 5.8 billion by 2025. There is a growing demand for orthopedic support systems in order to improve the structural and functional features of skeletal and neuromuscular systems. These kinds of support systems restrict mobility to a particular direction, thereby, assisting the overall movement of a patient.
Key Takeaways from the report:
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Knee braces and supports held the largest market share in 2015 as knees are extremely vulnerability to injury at the time of sports-related activities
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Amongst the end-use segment, orthopedic clinic was the largest revenue contributor in 2015 due to increasing preference for orthopedic consultations for quick check up
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The Over-the-counter (OTC) segment is anticipated to grow at a lucrative CAGR over the forecast period owing to the fact that the braces and support systems are readily available in the retail stores without a doctor’s prescription
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North America dominated the market in 2015 owing to rising healthcare spending and high purchasing power associated with this region
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Asia Pacific is expected to witness attractive growth over the forecast period due to rising geriatric population in China
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Some of the key companies are Bauerfeind AG; DJO Global, Inc.; Össur Corporate; Breg, Inc.; DeRoyal Industries, Inc.; Otto Bock Healthcare GmbH; and BSN Medical GmbH.
U.S. orthopedic braces & support systems market, by product, 2014 - 2025 (USD Million)
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U.S. orthopedic braces & support systems market share, by end use, 2015 (%)
Osteoporosis is one of the leading causes of musculoskeletal disorders amongst the aging population. This generates the need for orthopedic support systems. Geriatric population plays a vital role in accelerating the demand for the products in the market. This population base exhibits highest incidence of musculoskeletal disorders. Aging leads to significant changes in the skeletal and neuromuscular systems, resulting in weak ligament, arthritis, and Anterior Cruciate Ligament (ACL) tear. Currently, the geriatric population is growing at an unprecedented rate. As a result, the demand for orthopedic braces and supports is expected to grow in the near future.
Rising incidence of sport-related injuries has also become a leading cause for osteoarthritis among athletes. Health conscious people are continuously engaged in fitness-related activities. This might lead to muscle pain, which results in increased demand for braces & supports. Sometimes, athletic activities can also result in knee joint disorder, which facilitates rise in demand for knee braces.
Grand View Research has segmented the orthopedic braces & supports market on the basis of product, end use, and region:
Orthopedic Braces & Supports Product Outlook (Revenue, USD Million; 2014 - 2025)
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Knee Braces & Supports
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Knee Braces for Osteoarthritis and Ligament Injuries
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Post-operational Knee Braces
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Foot and Ankle Braces & Supports
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Soft Braces
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Hinged Braces
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Spinal Orthoses
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Upper Extremity Braces & Supports
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Shoulder Supports
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Wrist & Hand Supports
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Orthopedic Braces & Supports End-Use Outlook (Revenue, USD Million; 2014 - 2025)
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Orthopedic Clinics
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Over the Counter (OTC)
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Hospitals
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Others
Orthopedic Braces & Supports Regional Outlook (Revenue, USD Million; 2014 - 2025)
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North America
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U.S.
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Canada
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Europe
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Germany
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UK
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Asia Pacific
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China
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India
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Latin America
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Brazil
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Mexico
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MEA
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South Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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