Orthopedic Braces & Supports Market Is Likely To Be Influenced By Rising Incidence Of Osteoarthritis Till 2025: Grand View Research, Inc.
The
global orthopedic braces and supports market is expected
to reach a value of USD 5.8 billion by 2025, according to a new report by Grand
View Research, Inc. There is a growing demand for orthopedic support systems in
order to improve the structural and functional features of skeletal and
neuromuscular systems. These kinds of support systems restrict mobility to a
particular direction, thereby, assisting the overall movement of a patient.
Osteoporosis
is one of the leading causes of musculoskeletal disorders amongst the aging
population. This generates the need for orthopedic support systems. Geriatric
population plays a vital role in accelerating the demand for the products in
the market. This population base exhibits highest incidence of musculoskeletal
disorders. Aging leads to significant changes in the skeletal and neuromuscular
systems, resulting in weak ligament, arthritis, and Anterior Cruciate Ligament
(ACL) tear. Currently, the geriatric population is growing at an unprecedented
rate. As a result, the demand for orthopedic braces and supports is expected to
grow in the near future.
Rising
incidence of sport-related injuries has also become a leading cause for
osteoarthritis among athletes. Health conscious people are continuously engaged
in fitness-related activities. This might lead to muscle pain, which results in
increased demand for braces & supports. Sometimes, athletic activities can
also result in knee joint disorder, which facilitates rise in demand for knee
braces.
U.S.
orthopedic braces & support systems market, by product, 2014 - 2025 (USD
Million)
Browse full
research report on Orthopedic Braces & Supports Market: http://www.grandviewresearch.com/industry-analysis/orthopedic-braces-support-systems-market
Further key
findings from the report suggest:
- Knee braces and supports held the largest
market share in 2015 as knees are extremely vulnerability to injury at the
time of sports-related activities
- Amongst the end-use segment, orthopedic clinic
was the largest revenue contributor in 2015 due to increasing preference
for orthopedic consultations for quick check up
- The Over-the-counter (OTC) segment is
anticipated to grow at a lucrative CAGR over the forecast period owing to
the fact that the braces and support systems are readily available in the
retail stores without a doctor’s prescription
- North America dominated the market in 2015
owing to rising healthcare spending and high purchasing power associated
with this region
- Asia Pacific is expected to witness attractive
growth over the forecast period due to rising geriatric population in
China
- Some of the key companies are Bauerfeind AG;
DJO Global, Inc.; Össur Corporate; Breg, Inc.; DeRoyal Industries, Inc.;
Otto Bock Healthcare GmbH; and BSN Medical GmbH.
Browse more
reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the orthopedic braces & supports
market on the basis of product, end use, and region:
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
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-orthopedic-braces-support-systems-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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