Press release
Joint Braces Market Projected to Garner Significant Revenues by 2021
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In spite of strict regulations, entry in the global joint braces market is relatively easy. Global joint braces market is highly fragmented with many market players competing with each other. Many players are operating at global layer while many players are operating at domestic level. Key players in the joint braces market are expected to implement predatory growth strategies such as mergers and acquisitions, long term contracts with orthopedic hospitals and institutions to sustain in the market and expand their market share.
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Geographically, global joint braces market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW) market. Presently, North America is a market leader in global joint braces market and is closely followed by Europe. Factors driving the growth of joint braces market in the North America are developed sports infrastructure boosting more people to enter into sports field, higher healthcare spending and presence of geriatric population.
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Asia-Pacific joint braces market is a lucrative market. Factors expected to escalate the growth of joint braces market in the Asia-Pacific region are rapidly improving healthcare infrastructure on the rapidly increasing medical tourism industry in this region mainly in countries, India and China. India and China accounts for largest population pool globally, and thus on the basis of large pool of geriatric population demand for joint braces in India and China is expected to increase drastically and thereby driving the Asia-Pacific joint braces market towards growth.
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