Top Trends in Orthopedic Braces and Supports Market to 2022 - Growth Factors, Business Developments, Segmentation and Technologies

Orthopedic Braces and Supports market research report has focused on various levels of analysis—industry trends, market share analysis of top players, & company profiles, which together comprise & discuss basic views on competitive landscape, emerging and high-growth segments of orthopedic braces and supports market, and high-growth regions & countries & their respective drivers, restraints, challenges, and opportunities.

Global orthopedic braces market projected to reach USD 4.93 Billion by 2022 from USD 3.76 Billion in 2017, at a CAGR of 5.6%. Development of specialized orthopedic bracing and support products, increased off-the-shelf & online product sales, and product promotion & branding initiatives undertaken by major product manufacturers are key factors driving growth of market.

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Report studies orthopedic braces and supports market based on product, type, application, and end user. Report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting the market growth. It analyzes opportunities and challenges in market for stakeholders and provides details of competitive landscape for market leaders.

Orthopedic Braces and Supports market research study involves extensive usage of secondary sources, directories, & databases (such as Hoover’s, Bloomberg Business, Factiva, & Avention), in order to identify & collect information useful for this technical, market-oriented, & financial study of orthopedic braces market. In-depth interviews were conducted with various primary respondents, including subject-matter experts (SMEs), C-level executives of key market players, & industry consultants to obtain and verify qualitative & quantitative information and to assess market prospects.

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The orthopedic clinics segment is expected to account for the largest share of the market primarily due to rising number of ambulatory care units across mature countries, significant rise in road accident injuries, higher availability of well-trained & skilled orthopedic technicians across major markets, and greater availability of reimbursements for outpatient orthopedic procedures.

The market is diversified and highly competitive, with a large number of players competing for market space, including mid-tier companies and startup firms. Thermo Fisher Scientific, Inc. (US), LabWare (US), LabVantage Solutions, Inc. (US), Abbott Informatics (US), Waters (US), Agilent Technologies (US), IDBS (UK), PerkinElmer Inc. (US), Autoscribe Informatics (UK), Arxspan LLC (US), Dassault Systèmes (France), RURO Inc. (US), Kinematik (Ireland), LabLynx, Inc. (US), and LABWORKS (US) are prominent players in the global laboratory informatics market.

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Geographical Analysis and Forecast -
The global laboratory informatics market, by component is segmented into services and software. In 2017, services are expected to account for the largest market share and are expected to witness high growth during the forecast period.

Growth in this segment can be attributed to the technological advancements in solution offerings by various vendors, increasing adoption of cloud-based solutions, growing need for consulting services, and the recurring nature of services.

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