Orthopedic Braces and Support System Market will grow at a CAGR of 5.1% during forecast period 2017-2022

Rising incidence of osteoarthritis is considered as one of the key growth drivers. It is the most common form of arthritis affecting population of all ages. The Centers for Disease Control and Prevention (CDC) estimated that nearly 78 million U.S. adults above 18 years of age are anticipated to be diagnosed with arthritis by 2040. Thus, people with arthritis are the primary consumer base for orthopedic brace industry. Rheumatoid arthritis is also another form, which affects the joints, thereby leading to muscle pain. According to Fact.MR, the global orthopedic braces & support system market is expected to represent a value of over US$ 3,000 Mn by the end of 2022.

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Leg and Knee Injury to Boost Adoption

In order to offer comfort and convenience, the manufacturers in the orthopedic industry are focusing on exploring leading technology to integrate advanced features in the orthotic shoe devices that enable the end users to keep their foot in the neutral position and offer cushioning to protect the foot from overuse. Increasing incidences of fracture has led to surge in demand for speedy restoration process post removal of the cast. In addition, growing need to support the weak limbs continues to boost sales of the orthopedic braces and supports globally. The orthopedic braces guide or control an injured body segment or joint and immobilizes or limits an extremity during foot injury.

Application of the orthopedic braces also witness significant demand for managing weight issues among obese people. Obese patients struggle to walk or move comfortably and conveniently due to unmanageable weight. In order to reduce the weight bearing, the orthopedic braces are increasingly used among the obese people.

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
• Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

The Report Covers Exhaustive Analysis On:

• Market Segments
• Market Dynamics
• Market Size & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Competition Tracking

Leading market players operating in the global orthopedic braces & support system market include Bauerfeind AG, Breg, Inc., BSN Medical GmbH, DeRoyal Industries, Inc., DJO Global, Inc., Ossur hf., Otto Bock Healthcare GmbH, Promedics Orthopedics Ltd., Ascent Meditech Ltd. and Trulife Inc.

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Posted by Neha Bhosle on Friday February 19 2021, 10:04 AM EST. All trademarks acknowledged. Filed under Healthcare, Medical Devices. Comments and Trackbacks closed. Follow responses: RSS 2.0