Orthopedic Braces and Supports Market is expected to reach USD 5.91 billion till 2024
According to Data Bridge Market Research new Market report “Global Orthopedic Braces and Supports Market, By Product Type (Upper Extremity, Lower Limb Neck and Spine, Pelvis-Hip-Femur), By End-User (Hospitals, Clinics, Home Healthcare and Other End-Users). By Distribution Channel (Orthopedic Clinics, Hospitals, Over The Counter (OTC), E-Commerce, Prescription). By Geography (North America, Europe, Asia Pacific, Latin, America, MEA (Middle East & Africa))- Industry Trends and Forecast to 2024”, is projected to reach USD 5.91 billion by 2024 from USD 3.62 billion in 2016, at a CAGR of 6.6% in the forecast period 2017 to 2024.
The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Aging Factor is the main driver for orthopedic braces and support and its increased awareness of health and fitness. Orthopedic braces and supports are now in boom owing to sports injuries and Arthritis. The aforementioned healthcare ailments are expected to create growth in this market. There is good evidence to support the use of some braces and supports; others are used because of subjective reports from patients, relatively low cost, and few adverse effects, despite limited data on their effectiveness. Osteoarthritis (OA) may affect over 80% of people over the age of 60. More than 250,000 Americans are affected by multiple sclerosis, women are twice as likely to be diagnosed as compared to men.
Orthopedic Braces and Supports Market – Market Segmentation:
The Orthopedic Braces and Supports Market are segmented on the basis of product type, end-user, distribution channel and geography.
On the basis of product type the global orthopedic braces and supports market is segmented into upper extremity, lower extremity, spine and neck and pelvis-hip and femur braces and supports. The upper extremity braces and supports product segment is further segmented into Elbow and Forearm, wrist-hand, shoulders. Lower limb braces and support product segment is further segmented into ankle and foot, knee-Tibia, pelvis-hip-Femur. Neck and spine is further classified as Head-Cervical Spine, thoracic spine-thorax, Lumbar spine.
Based on end-user the market is segmented into hospitals, clinics, home healthcare and other end-users.
On the basis of distribution channel the market is segmented into Orthopedic Clinics, Hospitals, Over the Counter (OTC), E-Commerce, and Prescription.
Orthopedic Braces and Supports Market – Geographical Segmentation:
Based on geography the orthopedic braces and supports market is segmented into geographical regions such as North America, Europe, Asia Pacific, Latin America, MEA (Middle East & Africa). The report of this market covers data for major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, and South Africa.
Orthopedic Braces and Supports Market – Competitive Landscape:
Some of the major players operating in thi market are DJO global, Zimmer Biomet, Medtronic, Smith and Nephew, Stryker, 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 and BSN medical.
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