Market Highlights
The Global Orthopedic Braces Market is expected to cross USD 5.8 Billion by 2025 at a CAGR
of 6.1%.Orthopedic Braces Market are
devices used to support and strengthen the muscles and joints of the knee,
ankle, neck, elbow, back, wrist, hip, and fingers. These are used to rectify
structural deformities as well as for controlling the movement of limbs and
joints. These braces are designed to provide mechanical strength and support to
reduce pain due to sprain, strain, and other musculoskeletal disorders.
The growth of the global
orthopedic braces market is driven by various factors such as rising geriatric
population, rising incidence cases of sports-related injuries among athletes, easy
availability of orthopedic braces, growing public awareness related to
preventive care, and increasing prevalence of osteoarthritis. However, high
patient preference for alternative treatment is expected to curb the growth of
the global orthopedic braces market.
The global orthopedic braces
market is currently dominated by several market players. The key players are
involved in product launches and strategic collaborations to strengthen their
market positions.
Regional Analysis
The market has been divided, by
region, into the Americas, Europe, Asia-Pacific, and the Middle East &
Africa. The Americas is expected to be the largest market owing to the
increasing prevalence of osteoarthritis and rising per capita healthcare
expenditure. The orthopedic braces market in the Americas has further been
branched into North America and Latin America, with the North American market
divided into the US and Canada. The European orthopedic braces market has been
categorized as Western Europe and Eastern Europe. The Western European market
has further been classified as Germany, France, the UK, Italy, Spain, and the
rest of Western Europe. The orthopedic braces market in Asia-Pacific has been
segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific.
The rising geriatric population has increased the growth of the orthopedic
braces market. The market in Asia-Pacific is expected to be the
fastest-growing. The orthopedic braces market in the Middle East & Africa
has been divided into the Middle East and Africa.
Segmentation
The global orthopedic braces
market has been segmented based on product, type, application, and end user.
The market, based on product, has
been divided into knee braces, foot and ankle braces, upper extremity braces,
and others. The knee braces segment is likely to be the fastest during the
review period as knee braces provide medial and lateral support, reduces
rotation of the knee, limited injury during motion, and protection from the
post-surgical risk of injury.
The global orthopedic
braces market has been segmented, on the basis of type, into soft and elastic
braces, hinged braces, and hard braces. The soft and elastic braces segment is
expected to be the fastest market as they are easy to use, flexible as well as
highly customizable as compared to other surgical alternatives.
The global orthopedic
braces market has been segmented, on the basis of application into ligament
injury, preventive care, post-operative rehabilitation, osteoarthritis, and
others. Ligament injury is expected to hold the largest market share due to the
increasing number of ligament injuries, as well as an increasing number of
accidents globally. Additionally, around 150,000 anterior cruciate ligaments
(ACL) injuries occur in the US every year.
The end user segment of
the market includes orthopedic clinics, hospitals, and surgical centers, and
others. The orthopedic clinics segment is expected to hold the largest share of
the market due to the growing number of orthopedic surgical procedures that are
to be performed in orthopedic clinics across the globe.
Key Players
Some of the key
players in the global orthopedic
braces market are BSN medical (Germany),
Bauerfeind (Germany), Breg, Inc. (US), Ottobock (Germany), DJO LLC (US), Weber
Orthopedic Inc. (US), Frank Stubbs Company Inc. (USA), DeRoyal Industries, Inc.
(US), THUASNE SA (France), and Aspen Medical Products (US).
TABLE OF CONTENT:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Orthopedic Braces Market, By Type
Chapter 7. Orthopedic
Braces Market, By Diagnosis
Chapter 8. Orthopedic Braces Market, By
Treatment
Chapter 9. Orthopedic Braces Market, By
End-User
Chapter 10. Orthopedic Braces Market,
By Region
Chapter 11. Company Landscape
Chapter 12 Company Profiles
Chapter 13 MRFR Conclusion
Chapter 14 Appendix
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