Orthopedic Braces and Support Market Emerging Trends,Forecasts 2018-2025 And Major Key Companies Ossur Corporate, Bauerfeind AG, DeRoyal Industries, DJO Global, Breg, BSN Medical GmbH

Coherent Market Insights has announced the addition of the “Orthopedic Braces and Support Market Size Status and Forecast 2026”, The report classifies the global Orthopedic Braces and Support Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Orthopedic Braces and Support Market Speaker market, analyzes and researches the Orthopedic Braces and Support Market Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Ossur Corporate, Bauerfeind AG, DeRoyal Industries, DJO Global, Breg, BSN Medical GmbH

Orthopedic braces are wearable medical devices that provide appropriate alignment, positional correction, supporting the muscles, stabilizing and protecting several parts of the body that mainly includes joints, bones, and muscles. These devices are mainly prescribed by orthopedics and orthotists to the patients who have suffered from major injuries and are used in prophylaxis of these damages. Orthopedic braces and support devices are used by patients immediately after the injury and are suggested to be worn throughout the course of hospitalization, and also during the rehabilitation. Orthopedic braces and facilitate specific motion and movements of certain body parts after injury that majorly involves knee, ankle, hip, elbow, neck wrist and fingers and are helpful in healing the deformities caused to an individual after various distressing events such as accidents, sport injuries, falls, fractures, sprains, and dislocations. Besides serving as healing aids, these braces can also be used as preventive wearable devices by athletes and any other sport players in order to keep injuries away.

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According to The National Institute of Health (NIH), in 2010, around 524 million people were registered to fall under the age group of 65 years and above, which accounts to 8% of the global population. This number is expected to rise by three times and rise up to 1.5 billion by 2050, which will account up to 16% of the global population. This suggests a high probability of increase in the incidence rates of diseases, specifically related to bones like that of osteoarthritis and osteoporosis. Hence, these patients can act as potential consumers of the increasing orthopedic braces and support market.

North America to be the largest geographical segment in the orthopedic braces and support market

North America, followed by Europe was the largest revenue contributor in the global orthopedic braces and support market in 2016. Certain factors responsible for stimulating the growth of orthopedic braces in Asian countries such as China and India and also in Brazil are increasing GDP, growing healthcare spending, increasing public awareness regarding availability of various treatments, preventive measures adopted by the growing middle class population and change in lifestyle.

The major factors which is driving the orthopedic braces and support market are emerging technologies and innovation in surgical sectors that could provide same improvements, as compared to the orthopedic braces and supports and thus can prove to be potential challenge to the orthopedic braces and support market in the future. The market is mainly inhibited by low awareness about products, especially in emerging economies.

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