Orthopedic Braces and Supports Market (Covid-19) Impact and Analysis by 2025 | DJO Global, Zimmer Biomet, Ossur Corporate, 3M, Breg, Bauerfeind, BSN medical, DeRoyal Industries, Thuasne, ALCARE Co. and Ottobock

The Insight Partners analysts forecasts the latest report on “Orthopedic Braces and Supports Market (Covid-19) Impact and Analysis by 2025”, according to report; The Orthopedic Braces and Supports Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Orthopedic Braces and Supports Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Orthopedic Braces and Supports Market.

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The global orthopedic braces and supports market accounted to US$ 3,631.2 Mn in 2017 and is expected to grow at a CAGR of 5.3% during the forecast period 2018 – 2025, to account to US$ 5,429.3 Mn by 2025.

Some of the Major Market Players Are:

DJO Global
Zimmer Biomet
Ossur Corporate
3M, Breg Inc.
Bauerfeind
BSN medical
DeRoyal Industries, Inc.
Thuasne
ALCARE Co.Ltd
Ottobock.

Market Insights

Increase In The Numbers of Orthopedic Surgeries

The rise in the orthopedic surgeries is majorly driven by the surgeries done for the replacements of knee and hip. The surgeries are also been done for the amputations of the limbs due to the damages and injuries caused in the accidents or due to the various diseases. The number of the surgeries for the amputation is observed for the patients suffering from diabetes and have developed condition of gangrene. For instance, according to the U.S. Agency for Healthcare Research and Quality, in United States approximately 600,000 knee replacement surgeries are performed per year. Similarly according to the International Osteoporosis Foundation, in 2018, osteoporosis is estimated to affect 200 million women across the world, among which near around one-tenth of women are above the age of 60, one-fifth of women aged more than 70, two-fifths of women aged above 80 and two-thirds of women aged more than 90.

High Market Potential In Developing Nations

The treatment of the orthopedic conditions and musculoskeletal diseases have become simpler due to the help of the advancement in the technologies. As compared to consuming heavy dose medicines and hectic therapies, braces and supports have reduced the number of the consumption of the medication and the therapies. The advantages of the orthopedic braces have helped so many patients to manage and reduce their pains and helped to move along with the other normal people. Also the healthcare expenditure have created lots of opportunities for the developing nations to provides better and more services and facilities to their people. The adoption of the braces and supports are likely to increase in the emerging regions such as Asia, Middle East and Africa. These regions are investing more on the healthcare sectors and the awareness regarding health is been aggressively increased. In addition, the population in these regions are rising, the number of the geriatric population is also increased. Therefore, the incidences of the orthopedic conditions are increasing.
Strategic Insights

Approvals and agreements were observed as the most adopted strategy in global orthopedic braces and supports industry. Few of the recent product launch and collaboration and others are listed below;

2018: In May, 2018, DJO, announces strategic partnership with XPO Logistics.

2017: In September, 2017, Bauerfeind announces the launch of SacroLoc. This product is the first one of its kind for the treatment of deep back pain caused by structural disturbances of the sacroiliac joints.

2016: In October 2016, Zimmer Biomet Expands Foot and Ankle Portfolio Through Exclusive Global Distribution Agreement with Nextremity Solutions, Inc.

MARKET SEGMENTATION

By Product

Knee
Back & Hip
Shoulder
Elbow
Foot and Ankle
Spine

By Application

Ligament Injury
Osteoarthritis
Preventive Care
Cold Bracing
Others

The report analyses factors affecting the Orthopedic Braces and Supports Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Orthopedic Braces and Supports Market in these regions.

Moreover, the report entails the estimate and analysis for the Orthopedic Braces and Supports Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Orthopedic Braces and Supports Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Orthopedic Braces and Supports Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2025 with respect to five major regions. The Orthopedic Braces and Supports Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Orthopedic Braces and Supports Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Orthopedic Braces and Supports Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Orthopedic Braces and Supports market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Orthopedic Braces and Supports market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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