Feb 27, 2019   SOURCE: PR NewsWire

Global $4.9 Bn Orthopedic Braces and Supports Markets, 2019-2024

DUBLIN, Feb. 27, 2019 /PRNewswire/ -- The "Orthopedic Braces and Supports Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

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The global orthopedic braces and supports market was worth US$ 3.8 Billion in 2018

Braces and supports are orthopedic equipment which are used externally for holding, aligning, correcting and supporting certain parts of the body while healing from an injury. They are manufactured using specialized materials with intelligent designs that offer intense targeted support to the knee, spine, foot, ankle, upper elbow, shoulder, hip and other body parts. Braces and supports also aid in safeguarding joints after surgeries and offer a sense of mobility to the patients suffering from musculoskeletal problems.

Looking forward, the market value is projected to reach US$ 4.9 Billion by 2024, growing at a CAGR of 4.5% during 2019-2024.

Global Orthopedic Braces and Supports Market Drivers:

    --  In comparison with invasive treatments, braces and supports are less
        painful, assist in quick recovery and reduce the incidences of
        post-surgical complications. On account of these factors, orthopedic
        braces and supports are preferred by patients worldwide.
    --  Nowadays, consumers spend a significant part of their day in front of
        PCs, TVs and smart devices which result in the development of minor and
        major musculoskeletal deformities and dysfunctions. As a result, the
        demand for braces and supports is proliferating at a healthy rate.
    --  The geriatric population is at a relatively higher risk of developing
        spondylitis, osteoarthritis, degenerative disc disease, and other
        mobility issues. Therefore, the growing elderly population is also
        contributing to the sales of braces and supports across the globe.
    --  Manufacturers are developing pliable braces with a simplified
        user-interface, considering the requirements of consumers. They are also
        incorporating Velcro instead of laces to enable easy application and
        pulley systems in lumbar supports to allow easy customization.
    --  Technological advancements have led to significant improvements in
        modeling and material technology and increased flexibility, contouring,
        and utilization of low-weight materials. Innovations have also led to
        the incorporation of advanced data sensors and synchronization systems.

Market Summary:

    --  Based on the product, the market has been segmented into lower extremity
        braces and supports; spinal braces and supports; and upper extremity
        braces and supports.
    --  Based on the type, the market has been segmented into soft and elastic
        braces and supports; hinged braces and supports; and hard and rigid
        braces and supports. Soft and elastic braces and supports currently have
        the highest share.
    --  Based on the application, the market has been segmented into ligament
        injury, preventive care, post-operative rehabilitation, osteoarthritis
        and others. Ligament injury currently accounts for the highest share.
    --  Based on the end-user, the market has been segmented into orthopedic
        clinics; hospitals and surgical centers; over-the-counter (OTC)
        platforms; and others. Orthopedic clinics currently account for the
        highest share.
    --  North America is the biggest market, accounting for the majority of the
        global share.

Key Questions Answered in This Report:

    --  How has the global orthopedic braces and supports market performed so
        far and how will it perform in the coming years?
    --  What are the key regional markets in the global orthopedic braces and
        supports industry?
    --  What is the breakup of the global orthopedic braces and supports market
        on the basis of product?
    --  What is the breakup of the global orthopedic braces and supports market
        on the basis of type?
    --  What is the breakup of the global orthopedic braces and supports market
        on the basis of application?
    --  What is the breakup of the global orthopedic braces and supports market
        on the basis of end-user?
    --  What are the various stages in the value chain of the global orthopedic
        braces and supports market?
    --  What are the key driving factors and challenges in the global orthopedic
        braces and supports market?
    --  What is the structure of the global orthopedic braces and supports
        market and who are the key players?
    --  What is the degree of competition in the global orthopedic braces and
        supports market?

Companies Mentioned 

    --  Breg Inc.
    --  ssur Hf
    --  Bauerfeind AG
    --  BSN Medical
    --  DJO Finance LLC
    --  3M Company
    --  Otto Bock Healthcare
    --  Deroyal Industries Inc.
    --  Medi GmbH & Co. KG
    --  Thuasne Group
    --  Alcare Co.
    --  Ltd
    --  Zimmer Biomet Holdings Inc.
    --  Trulife
    --  Remington Products Company
    --  Bird & Cronin.

For more information about this report visit https://www.researchandmarkets.com/research/z2zs3h/global_4_9_bn?w=5

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