Tag: global orthopedic braces and support system market

Key Segments in Orthopedic Braces and Support System Industry Research

• Product

  • Knee Braces and Supports
  • Ankle Braces and Supports
  • Foot Walkers and Orthoses
  • Hip, Back, & Spine Braces and Supports
  • Shoulder Braces and Supports
  • Neck & Cervical Spine Braces and Supports
  • Hand & Wrist Braces and Supports
  • Others
    • Upper Extremity Braces and Supports
    • Lower Spine Braces and Supports
    • Upper Spine Orthoses
    • Elbow Braces and Supports
    • Facial Braces and Supports
    • Post-Operational Knee Braces
    • TLSOs
    • LSOs
    • Walker Boots
    • Pneumatic Walker Boots
    • Non-pneumatic Walker Boots

• Type

  • Soft & Elastic Braces and Supports
  • Hinged Braces and Supports
  • Hard Braces and Supports

• Application

  • Application of Orthopedic Braces and Support Systems in Preventive Care
  • Application of Orthopedic Braces and Support Systems in Ligament Injury
  • Application of Orthopedic Braces and Support Systems in Anterior Cruciate Ligament Injury
  • Application of Orthopedic Braces and Support Systems in Lateral Collateral Ligament Injury
  • Application of Orthopedic Braces and Support Systems in Post-operative Rehabilitation
  • Application of Orthopedic Braces and Support Systems in Osteoarthritis
  • Application of Orthopedic Braces and Support Systems in Compression Therapy

• End User

  • Use of Orthopedic Braces and Supports in Orthopedic Clinics
  • Use of Orthopedic Braces and Supports in Hospitals
  • Use of Orthopedic Braces and Systems at ASCs
  • Use of Orthopedic Braces and Systems in Home Care Settings
  • Over the Counter (OTC) Orthopedic Braces and Supports

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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.

Surge in demand to support weak limbs has revved up sales of various orthopedic braces and support products in the global market. Moreover, application of orthopedic braces enables controlling and guiding a joint or injured body part in order to limit or immobilize extremities during the foot injury.

In addition, demand for orthopedic braces remain high among obese persons due to growing need for weight management. Obese people face difficulties while walking and moving around attributed to weight issues. Adoption of orthopedic braces continue to remain high among obese persons in order to reduce weight bearing.

Moreover, companies in the orthopedic industry continue concentrating on designing orthopedic braces and support systems in parallel with the smart technology. Smart AFO braces, smart spine braces and step smart braces include some of the recently launched orthopedic devices.

Companies in this industry is mainly concentrating on development and innovation of products in order to achieve an advantage in the global market. Moreover, manufacturers are increasingly focusing on offering features in the orthopedic devices that allow the end users to avoid bad smell and allows the injured skin to breathe.

In order to design products with improved efficiency and accuracy, manufacturers are witnessed to adopt hypoallergenic materials and anatomical modelling software applications. Attributed to water-resistant and lightweight features, demand for orthopedic devices will continue to rev up significantly.

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.

Key Segments in Orthopedic Braces and Support System Industry Research

• Product

  • Knee Braces and Supports
  • Ankle Braces and Supports
  • Foot Walkers and Orthoses
  • Hip, Back, & Spine Braces and Supports
  • Shoulder Braces and Supports
  • Neck & Cervical Spine Braces and Supports
  • Hand & Wrist Braces and Supports
  • Others
    • Upper Extremity Braces and Supports
    • Lower Spine Braces and Supports
    • Upper Spine Orthoses
    • Elbow Braces and Supports
    • Facial Braces and Supports
    • Post-Operational Knee Braces
    • TLSOs
    • LSOs
    • Walker Boots
    • Pneumatic Walker Boots
    • Non-pneumatic Walker Boots

• Type

  • Soft & Elastic Braces and Supports
  • Hinged Braces and Supports
  • Hard Braces and Supports

• Application

  • Application of Orthopedic Braces and Support Systems in Preventive Care
  • Application of Orthopedic Braces and Support Systems in Ligament Injury
  • Application of Orthopedic Braces and Support Systems in Anterior Cruciate Ligament Injury
  • Application of Orthopedic Braces and Support Systems in Lateral Collateral Ligament Injury
  • Application of Orthopedic Braces and Support Systems in Post-operative Rehabilitation
  • Application of Orthopedic Braces and Support Systems in Osteoarthritis
  • Application of Orthopedic Braces and Support Systems in Compression Therapy

• End User

  • Use of Orthopedic Braces and Supports in Orthopedic Clinics
  • Use of Orthopedic Braces and Supports in Hospitals
  • Use of Orthopedic Braces and Systems at ASCs
  • Use of Orthopedic Braces and Systems in Home Care Settings
  • Over the Counter (OTC) Orthopedic Braces and Supports

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Orthopedic Braces and Support System Market: Report Scope

A recent study by Fact.MR on the orthopedic braces and support system market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates recent market developments, strategic market growth analysis, market size, category market growths, product approvals, product launches, geographical expansions, and technological innovations associated with orthopedic braces and support systems.

The study also provides the dynamics responsible for influencing the future status of the orthopedic braces and support system market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the orthopedic braces and support system market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of orthopedic braces and support systems across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of orthopedic braces and support systems during the forecast period. Price point comparison by region with global average price is also considered in the study.

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Market estimates at global and regional levels for orthopedic braces and support system is available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global orthopedic braces and support system market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the orthopedic braces and support system market during the forecast period.

Country-specific valuation on demand for orthopedic braces and support systems has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

Competition Analysis

The report sheds light on leading manufacturers of orthopedic braces and support systems, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering orthopedic braces and support systems have been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the orthopedic braces and support system market.

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.

Surge in demand to support weak limbs has revved up sales of various orthopedic braces and support products in the global market. Moreover, application of orthopedic braces enables controlling and guiding a joint or injured body part in order to limit or immobilize extremities during the foot injury.

In addition, demand for orthopedic braces remain high among obese persons due to growing need for weight management. Obese people face difficulties while walking and moving around attributed to weight issues. Adoption of orthopedic braces continue to remain high among obese persons in order to reduce weight bearing.

Moreover, companies in the orthopedic industry continue concentrating on designing orthopedic braces and support systems in parallel with the smart technology. Smart AFO braces, smart spine braces and step smart braces include some of the recently launched orthopedic devices.

Companies in this industry is mainly concentrating on development and innovation of products in order to achieve an advantage in the global market. Moreover, manufacturers are increasingly focusing on offering features in the orthopedic devices that allow the end users to avoid bad smell and allows the injured skin to breathe.

In order to design products with improved efficiency and accuracy, manufacturers are witnessed to adopt hypoallergenic materials and anatomical modelling software applications. Attributed to water-resistant and lightweight features, demand for orthopedic devices will continue to rev up significantly.

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.