Press release
Leg and Knee Injury to Boost Adoption of Orthopedic Braces and Support System Through 2022
Growing prevalence of knee and foot injury has led to an increasing demand for orthopedic braces globally. In addition, increasing incidences of fractures, ruptured or bulging disks, scoliosis and back pains due to heavy or improper lifting is further expected to impact growth of the global orthopedic braces & support system positively. Fact.MR states that the global market of orthopedic braces & support system is projected to register a CAGR of 5.1% over the forecast period, 2017-2022.For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=327
Factors Fuelling Growth of the Global Market
Growth of the global orthopedic braces and support system market is mainly bound by various macro-economic and micro-economic factors. Prevalence of spinal deformities, impaired muscles, fracture injury, arthritis, paralysis and sciatic nerve has revved up adoption of orthopedic braces in the global market.
A recent report by CDC states that an estimated 22.7% of adults had doctor-diagnosed arthritis in 2015 along with higher age-adjusted prevalence in women (23.5%) then in men (18.1%). Growing prevalence of foot issues has led to increasing adoption of orthotic shoe devices and braces globally.
Increasing demand for convenience and comfort has led the manufacturers to focus on integrating innovative features in range of orthotic shoe devices, which offers cushion to keep the foot safe from exertion and keep it in neutral position. Demand for faster restoration process of fracture after removing the cast continues to contribute towards growth of the global orthopedic braces & support system market.
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Market Taxonomy
Product
• Knee Braces & Supports
• Foot and Ankle Braces & Supports
• Spinal Orthoses
• Shoulder Braces & Supports
• Wrist & Hand Braces & Supports
End User
• Hospitals
• Orthopedic Clinics
• ASCs
• Home Care Settings
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Sales to Remain High through Knee Braces & Support Products
Increasing instances of injuries in legs and knee has led to a surge in demand for the knee braces & support products. Based on product type, the knee braces & supports segment is projected to represent a robust revenue growth, recording more than US$ 500 Mn by 2022-end. During the forecast period, this segment is projected to reflect a healthy CAGR in the global market. The hospital end users segment is projected to generate highest revenues, representing more than US$ 500 Mn by 2017-end. On the other hand, the ASCs end users segment is projected to reflect a robust CAGR throughout the forecast period.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/07/26/1892334/0/en/Optometry-Equipment-Sales-Surge-in-Line-with-Industry-s-Focus-on-Easy-Access-and-Competitive-Price-Point-Says-Fact-MR.html
Market Players
Major players in the global market of orthopedic braces & support system are Breg, Inc., Bauerfeind AG, DeRoyal Industries, Inc., BSN Medical GmbH, Ossur hf., DJO Global, Inc., Promedics Orthopedics Ltd., Otto Bock Healthcare GmbH, Trulife Inc. and Ascent Meditech Ltd.
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