Aug 17, 2017   SOURCE: PR NewsWire

Orthopedic Braces and Supports Market Expected to Grow at 6.7% CAGR From 2014 To 2025: Million Insights

FELTON, California, August 17, 2017 /PRNewswire/ --

The global orthopedic braces and supports market [https://www.millioninsights.com/industry-reports/orthopedic-braces-supports-market ] size was worth USD 3.1 billion in 2015 which is anticipated to grow at a CAGR of more than 6.7% during the forecast period. Increasing prevalence of arthritis is one of the leading cause of the growth of orthopedic braces and supports market. It is the most common form of arthritis which affects the population of all ages.

According to the Centers for disease Control and Prevention, in 2015, 30 million US adults were estimated to suffer from osteoarthritis. It is estimated that 54.4 million of the US adults are affected with some form of arthritis. People with arthritis are the major target for orthopedic braces and supports. The second most common form of arthritis is rheumatoid arthritis which cause muscle pain.

Increase in geriatric population is one of the primary driver for the growth of the market. This population is highly affected by musculoskeletal disorders. According to International Osteoporosis Foundation, osteoporosis and low bone mass is a major threat to around 44 million U.S. men and women of age 50 and older. Approximately, 30% of the post-menopausal women suffer from osteoporosis in the US. Weakening of bones, connecting tissues such as cartilages and ligaments with age increases the risk of muscle injury in knees and shoulders. This supports the increasing need of orthopedic braces and supports.

Knee supports and braces segment held the largest market share in 2015, due to a large number of people affected by knee joint and related injuries. Knee braces helps in pressure relief from the joints that are affected by arthritis.

Browse full research report with TOC on "Orthopedic Braces and Supports Market Size & Forecast Report, 2014 - 2025" at: https://www.millioninsights.com/industry-reports/orthopedic-braces-supports-market

Foot and ankle braces are anticipated to show lucrative growth over the forecast period. This is due to the rising number of participation in sports related activities by people of all age group. The increasing number of participants in Paralympics also supports the growth of the market. Upper extremity supports and braces segment are also expected to grow at a significant rate in near future.

On the basis of end use, the market is segmented into hospitals, orthopedic clinics, Over-the-Counter (OTC), and other facilities. Orthopedic clinics contributed to the largest market share in 2015, due to reluctance of patients to visit specialty clinics for acute musculoskeletal disorders.

North America held the largest market share in 2015, due to the rising prevalence of arthritis in the U.S. People are at a high risk of osteoporosis in the U.S. due to increase in geriatric and obese population. Increased participation in sports related activities in conjunction with rise in awareness level among people related to orthopedic braces and supports is expected to further support market growth.

Few major companies of the market include DJO Global, Inc.; Breg, Inc.; Alcare Company Ltd.;Bauerfeind AG;Ossur Corporate; McDavid Knee Guard, Inc.; FLA Orthopedics, Inc.; Otto Bock Healthcare GmbH; and Frank Stubbs Co., Inc.

Browse reports of similar category available with Million Insights:  

        
        - Cardiac Rhythm Management System Industry
          [https://www.millioninsights.com/industry-reports/cardiac-rhythm-management-system-market ]
          - Global cardiac rhythm management system market, on the basis of application, 
          is segmented into tachyarrhythmia, heart failure, bradyarrhythmia etc.
        - Intracranial Pressure Monitoring Devices Market
          [https://www.millioninsights.com/industry-reports/intracranial-pressure-icp-monitoring-devices-market ]
          - Global Intracranial Pressure (ICP) Monitoring Devices Market is 
          segmented on the basis of technique as Invasive, and Noninvasive. The segment of
          invasive technology can be further segmented as External Ventricular Drainage (EVD),
          and Microtransducer ICP Monitoring.
        - Pen Needles Market
          [https://www.millioninsights.com/industry-reports/pen-needles-market ] - Global pen
          needles market was valued at USD 1.5 billion in 2015, which is projected to grow at a
          CAGR of more than 13.0% during the forecast period.
        - Air Ambulance Services Market
          [https://www.millioninsights.com/industry-reports/air-ambulance-services-market ] -
          The market size for global air ambulance services was worth USD 3.7 billion in 2016
          which is anticipated to grow at a CAGR of more than 9.3% during the forecast period.

Market Segment: 

Orthopedic Braces & Supports Product Outlook (Revenue, USD Million; 2014 - 2025) 

        - Knee Braces & Supports

                - Knee Braces for Osteoarthritis and Ligament Injuries

                - Post-operational Knee Braces

        - Foot and Ankle Braces & Supports

                - Soft Braces

                - Hinged Braces

        - Spinal Orthoses

        - Upper Extremity Braces & Supports

                - Shoulder Supports

                - Wrist & Hand Supports

Orthopedic Braces & Supports End-Use Outlook (Revenue, USD Million; 2014 - 2025) 

        - Orthopedic Clinics

        - Over the Counter (OTC)

        - Hospitals

        - Others

Orthopedic Braces & Supports Regional Outlook (Revenue, USD Million; 2014 - 2025) 

        - North America

                - U.S.

                - Canada

        - Europe

                - Germany

                - UK

        - Asia Pacific

                - China

                - India

        - Latin America

                - Brazil

                - Mexico

        - MEA

                - South Africa

About Million Insights: 

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive. 

            Contact: 
        Ryan Manuel 
        Research Support Specialist, USA 
        Million Insights 
        Phone: +1-408-610-2300 
        Toll Free: 1-866-831-4085 
        Email: sales@millioninsights.com

 

Web: https://www.millioninsights.com/ [https://www.millioninsights.com ]

SOURCE Million Insights