Orthopedic Braces and Supports Market: Increasing Incidence of Arthritis and Osteoporosis Drives the Market Growth and Demand

DataM Intelligence
25 Jun 2019

Berlin, Germany
The market report titled ‘Global Orthopedic Braces and Supports Market - Size, Share and Forecast (2019 - 2026)’ produced by DataM Intelligence analyses the industry dynamics in this competitive space to provide a comprehensive analysis of the market opportunities.
Orthopedic Braces and Supports Market Dynamics
Factors such as road accidents, workplace injuries, sports injuries, and growing musculoskeletal disorders driving the orthopedic braces and supports market growth. Increasing incidence of arthritis and osteoporosis drives demand for orthopedic braces and assists in the aging population globally.
According to the World Health Organization (WHO) (2018), approximately 37.3 million falls are severe enough to require medical attention. According to the Centers for Disease Control (CDC), more than 300,000 older people in the U.S. are hospitalized each year from broken hips, and 95% of these fractures are the result of a fall.

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Orthopedic Braces and Supports Market Segmentation
By-product market is segmented into upper extremity, lower extremity, back, hip, & spine braces and supports and others. Upper extremity is further segmented into the shoulder, elbow, and hand & wrist braces and support and for lower extremity, knee, ankle and foot walkers and orthoses.
Segmentation by applications, ligament injury, preventive care, post-operative rehabilitation, osteoarthritis and other forms (osteoporosis, Paget’s disease, and degenerative spinal conditions). The ligament injury segment accounts for the largest share of the market, owing to rising number of accidents worldwide and the growing availability of medical reimbursement for the treatment of ligament injuries.

Global Orthopedic Braces and Supports Industry Regional Share
By Geography, the global orthopedic braces and supports market is segmented into regional markets of North America, Europe, Asia Pacific, South America and rest of the world. Among the considered regions, North America is the largest consumer of orthopedic braces and supports. Key factors driving the growth in the North American orthopedic braces and supports market is owed to the increasing geriatric population and their need for orthopedic braces and supports, the availability of insurance and favorable medical reimbursement scenarios, and the vast senescent and obese population cause the need for orthopedic braces and supports.
According to the United Nations ESCAP in 2016, approximately 12.4 percent of the population in the Asia Pacific was 60+ years and is projected to increase to more than 1.3 billion people by 2050.

Orthopedic Braces and Supports Competitive Analysis
Several companies adopt merger and acquisitions policies such as a partnership with associated companies to help them stand out as strong competitors in the market and also expand the sales in the global orthopedic braces and supports the market. New product launches and expansion of production sites are other key strategies adopted by the leading players to improve their market share.
In November 2018, Colfax Corp purchased DJO Global Inc. for 3.15 billion from Blackstone Group in hopes of tapping into the growing demand for medical devices such as knee and hip implants. The transaction is expected to close in the first quarter of 2019.

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Table of contents overview-
1. Orthopedic Braces and Supports Market – Methodology and Scope
2. Orthopedic Braces and Supports Market Trends
3. Orthopedic Braces and Supports Market Outlook
4. Orthopedic Braces and Supports Market – Segmentation Analysis
4.1. By Product Type
4.1.1. Upper extremity braces and supports
4.1.2. Back, hip, & spine braces and supports
4.1.3. Lower extremity braces and supports
4.1.4. Others
4.2. By Application
4.3. By Distribution Channel
5. Orthopedic Braces and Supports Market – Regional, Country-level Analysis
5.1. Geographic Overview
5.2. North America
5.3. Europe
5.4. South America
5.5. Asia Pacific
5.6. Rest of World
6. Orthopedic Braces and Supports Market – Competitive Analysis
7. Orthopedic Braces and Supports Market – Company Profiles
8. Orthopedic Braces and Supports Market – Appendix

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DataM Intelligence 4Market Research is a Market Intelligence and Business Research firm, based in India. It aims to bridge the two main aspects of a business decision - opinion and supportive data.

Market Research for long has been losing its credibility owing to low reliability and high proportions of estimations. Having identified this gap, DataM was established to provide businesses with reliable and near-market intelligence. Reporting the actual market scenario has been made possible by our proprietary methodology, that essentially revolves around gathering inputs from industry participants and integrating the trends into statistical Databank. This approach not only aligns the findings with historical data but also allows a highly justifiable forecast model.

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