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Orthopedic Braces and Supports Market - Growth, Future Prospects and Competitive
Posted by david23 on December 27th, 2017
According to the latest report published by Credence Research, Inc. “Orthopedic Braces and Supports Market - Growth, Future Prospects and
Competitive Analysis,
2017-2025 Cheap College Jerseys
Wholesale ,” the global orthopedic braces and supports market was valued
at US$ 3,285.5 Mn in 2016, and is expected to reach US$ 5,356.2 Mn by 2025,
expanding at a CAGR of 5.4% from 2017 to 2025.
Browse the full report report at >Market Insights:
The global orthopedic braces and supports market is expected to witness steady growth during the forecast period 2017-2025, on the
ground of growing incidence of
arthritis Cheap College
Jerseys , osteoporosis and increasing number of road accidents and sports
injuries. Arthritis and trauma patients are the major consumers of orthopedic
braces. Furthermore, rising population of geriatric individuals and the
corresponding risk of musculoskeletal disorders such as osteoarthritis,
osteoporosis and related fractures mainly drive the global orthopedic braces and
supports market. Increasing sporting activities and respective rise in incidence
of sports injuries and trauma also contribute to the growth of this market.
Also, use of braces such as elbow and ankle braces by sportsmen as a preventive
measure has led to growth in demand for these products in the market.
The global orthopedic braces and supports market is segmented on the basis of
products, usage areas and geography. Knee braces and supports, foot and ankle
braces and supports Cheap
Jerseys Shop , upper extremity braces and supports, neck and spine braces
and supports, and exoskeletons form the major product types of orthopedic braces
and supports. Among these, knee braces and supports segment capture the largest
revenue share, globally. Huge target population suffering with knee injuries and
conditions and higher prevalence of arthritis majorly contribute to the
dominance of this segment. Additionally, due to increasing incidence of sports
injuries Cheap Sports
Jerseys , the market for foot and ankle braces and supports will exhibit
lucrative growth during the forecast period. The same factor will also
facilitate attractive proposition in the upper extremity braces and supports
such as for hand and wrist, shoulder and elbow supports.
Among the usage areas such as hospitals, specialty clinics, home care and others, orthopedic
clinics held the largest revenue share in 2016. The dominance of this segment is
mainly due to growing footfall and admissions of patients in orthopedic clinics
as against hospitals for treating acute musculoskeletal conditions. The demand
from home care is anticipated to be the fastest during the forecast period and
the market growth of this segment is attributed to easy availability of almost
every type of support products over-the-counter.
Geographically, the global orthopedic braces and supports market is segmented into regional markets of
North America Cheap Jerseys
Discount , Europe, Asia Pacific, Latin America and Middle East and Africa.
Each of these regional markets are further sub-segmented into constituent top
country-level markets. Among the considered regions, North America is the
largest consumer of orthopedic braces and supports. Vast senescent and obese
population, better reimbursements, and greater awareness are the key factors
driving the growth of North America market. On the other
hand Cheap Jerseys
China , Asia Pacific is expected to be the fastest growing regional market
for orthopedic braces and supports. Huge geriatric population, rapid
proliferation of orthopedic goods, and growing disposable incomes has resulted
in growth in demand for orthopedic braces and
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