Press release
Orthopedic Braces And Support Devices And Equipment Market 2020 Strategic Assessments- DJO Global, Bauerfeind AG, Breg
Global Orthopedic Braces And Support Devices And Equipment Market report include current market scenario and offers a comprehensive analysis on Orthopedic Braces And Support Devices And Equipment industry, standing on the readers' perspective, delivering detailed market data and understanding insights. It comprises inclusive important points that significantly affect the growth of the market at a global level. It analyzes present scenario along with future trends in the market. The report is made after a pin-point research and exhaustive investigation of the market development in different sectors that requires theoretical analysis, technology-based ideas, and its validity.The global orthopedic braces and support devices and equipment market was valued at about $2.2 billion in 2018 and is expected to grow to $2.51 billion at a CAGR of 3.3% through 2022.
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The orthopedic braces and support devices and equipment market consists of sales of orthopedic braces and support devices and equipment and related services. Orthopedic braces and support systems are primarily used in injury prevention, injury rehabilitation, post-operative care and osteoarthritic care. These are also used to protect, support and strengthen the joints and muscles and are used by atheltes to prevent themselves from injuries. The orthopedic braces and support devices and equipment market is segmented into lower extremity braces, upper extremity braces and back and hip braces.
Scope of the Report:
Markets Covered: 1) By Type: Lower extremity braces, Upper extremity braces, Back and hip braces, Other braces 2) By End User: Hospitals , Home Healthcare, Clinics, Other End-Users 3) By Product: Soft & Elastic Braces and Supports, Hinged Braces and Supports, Hard & Rigid Braces and Supports
Companies Mentioned: DJO Global, Bauerfeind AG, Otto Bock Healthcare GmbH, Breg, Inc., Ossur Hf (Iceland)
Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And Africa
Latest Market Developments:
May 9, 2019: Otto Bock Healthcare GmbH: Ottobock: FTC judge upholds unraveling of microprocessor prosthetic knee firms deal
March 2013: Breg, Inc: Breg launches new braces, cervical collar
Company has announced the launch of four new orthopedic products, including a postoperative knee brace for patients recovering from knee surgery and injuries.
Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/11081540842/orthopedic-braces-and-support-devices-and-equipment-global-market-report-2020-including-1-by-type-lower-extremity-braces-upper-extremity-braces-back-and-hip-braces-other-braces-2-by-end-user-hospitals-home-healthcare-clinics-other-end-users-3-by-product-soft-elastic-braces-and-supports-hinged-braces-and-supports-hard-rigid-braces-and-supports-covering-djo-global-bauerfeind-ag-otto-bock-healthcare-gmbh-breg-inc-ossur-hf-iceland?source=OpenPR&Mode=SD48
Rise in geriatric population is driving the orthopedic braces and support devices and equipment market. Elderly people are more prone to injuries as their bones and connective tissues weakens with age. For example, In US 70% of the population aged between 50-70 years suffers from osteoarthritis and is likely to increase further in the forecast period. This is one of the major contributing factor for the growth of this market. High adoption of pain medications worldwide restraints the growth of orthopedic braces and support devices market. As more amount of people rely on pain killers for pains related to orthopedic disorders instead of adopting the use of a proper support device/braces. For example, Americans consume 80% of the world supply of painkillers including painkillers for Orthopedic treatments, thereby, hindering the orthopedic braces and support devices and equipment market.
Highlights of Orthopedic Braces And Support Devices And Equipment Market Report:
-Market dynamics, Orthopedic Braces And Support Devices And Equipment economy manufacturing, opportunities on the total pricing of this top manufacturer and improvement trend analysis;
-Orthopedic Braces And Support Devices And Equipment industry players at the general regional industry and economy synopsis;
-Deep analysis of the most significant market players included by Worldwide Orthopedic Braces And Support Devices And Equipment Market study report;
-Understand more about the market plans that are increasingly now being adopted by leading Orthopedic Braces And Support Devices And Equipment businesses;
-Evaluation of this market character, namely market development drivers, essential challengers, inhibitors, and chances;
-Strategically profile the key players and comprehensively analyze their growth strategies.
Key Takeaways:
-An extensive analysis of the Orthopedic Braces And Support Devices And Equipment market trends and shares from 2017 to 2023 to identify market opportunities and analyze industry developments.
-Comprehensive analysis with respect to investments and price trends that impact the outlook of the Global Orthopedic Braces And Support Devices And Equipment market between 2020 and 2023.
Due to increase in the demand for orthopedic braces and support devices and equipment, various companies are adapting themselves to use the innovative technologies such as bionic energy savers to solve problems related to injuries in knee, arms or any other movable part of the body. For example, Spring loaded technology uses LevitationTM bionic knee brace that enhances mobility and provides strength to legs by storing energy when a person sits or rests. These technologies are providing better quality life to people and positively impacts growth of the market.
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