Orthopedic Braces And Support Devices And Equipment Market 2020-2026 | DJO Global, Bauerfeind AG, Otto Bock Healthcare GmbH, Breg, Inc.

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.

Orthopedic Braces And Support Devices And Equipment Market Global Report 2020 provides the strategists, marketers and senior management with the critical information they need to assess the global Orthopedic Braces And Support Devices And Equipment market.

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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:

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. and Ossur Hf.

Metrics Covered: Number of Enterprises, Number of Employees

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA

Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, Orthopedic Braces And Support Devices And Equipment indicators comparison.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Industry Latest News:

On 24 March, 2020, the International Olympic Committee (IOC) decided to postpone the Olympic Games until 2021. The reason for this decision is the worldwide corona pandemic. The International Paralympic Committee (IPC) endorsed this decision a few hours later.

"The love for the Paralympics is deeply rooted in the DNA of our company," said Professor Hans Georg N?der, owner and Chairman of the Board of Ottobock, in response to the postponement of the Games. "During this unprecedented crisis, we are sticking together. Postponing the Games is the right thing to do. At this time, it is crucial that we protect the well-being of the athletes, spectators and the global Paralympic Family. Stay safe!"

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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.

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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