Market Analysis
The global Orthopedic Braces Market is anticipated to grow at a 6.1% CAGR between 2019-2025, states the latest Market Research Future (MRFR) report. Orthopedic braces, simply put, are medical devices that have been specially designed for musculoskeletal issues. These braces are generally used to accurately align, support, correct the position, stabilize, and protect various body parts, especially the bones, joints, and muscles, as they recover from trauma or injury. A qualified medical expert after conducting a diagnosis and becoming familiar with the causes and symptoms can begin with the treatment that is determines the type of brace that is ideal for a patient along with the protection, level of stability, function, and support. Patients that have suffered from broken bones, dislocated joints, pulled muscles, fractures, and sprains can benefit largely from using orthopedic braces.
Various factors are propelling the orthopedic braces market growth. Such factors, according to the latest Market Research Future report, include increasing number of road accidents, various technological advancements, growing prevalence of osteoarthritis, increasing public awareness regarding preventive care, increasing number of accident-related and sports injuries, easy availability, and greater product affordability. Additional factors propelling the growth of the orthopedic braces market include continuous product commercialization, increasing incidence of various orthopedic disorders and diseases, and increasing geriatric population.
On the contrary, lack of personalization, inadequate reimbursement, and preference of patients for alternative treatment are factors that may deter the orthopedic braces market growth during the forecast period.
The Market Research Future report offers a complete segmental analysis of the orthopedic braces market based on end user, application, type, and product.
By product, the orthopedic braces market is segmented into upper extremity braces, foot & ankle braces, knee braces, and others. Of these, the knee braces will lead the market during the forecast period as they offer lateral and medial support, protection from post-surgical risks of injuries, restricted injury during motion, and reduces knee rotation.
By type, the orthopedic braces market is segmented into hard braces, hinged braces, and soft & elastic braces. Of these, the soft & elastic braces will dominate the market during the forecast period as they are highly customizable, flexible, as well as easy to use.
By application, the orthopedic braces market is segmented into osteoarthritis, post-operative rehabilitation, preventive care, ligament injury, and others. Of these, ligament injury will have the maximum share in the market during the forecast period for the rising number of accidents worldwide and rising incidence of ligament injuries.
By end user, the orthopedic braces market is segmented into surgical centers, hospitals, orthopedic clinics, and others. Of these, orthopedic clinics will have the largest share in the market during the forecast period for the increasing number of orthopedic surgeries carried out in orthopedic clinics worldwide.
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