Market Highlights
The Global Orthopedic Braces Market Trends is expected to cross USD 5.8 Billion by 2025 at a CAGR
of 6.1%.Orthopedic
Braces Market Trends 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 Trends 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 Trends.
The global Orthopedic Braces Market
Trends 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 Trends 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 Trends 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 Trends 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 Trends. The market in Asia-Pacific is expected to be the
fastest-growing. The Orthopedic Braces Market Trends in the Middle East &
Africa has been divided into the Middle East and Africa.
Segmentation
The global Orthopedic Braces Market
Trends 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 Trends 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 Trends 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 Trends 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).
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