The
global Orthopedic Braces And Supports Market size is
expected to reach a value of USD 8.0 billion by 2026, according to a new report
by Grand View Research, Inc. It is anticipated to register a CAGR of 6.4%
during the forecast period. Rising prevalence of chronic diseases such as
osteoarthritis and rheumatoid arthritis has led to the market growth. The
products restrict mobility to a particular direction, thereby, assisting the
overall movement of a patient.
Osteoporosis
is considered as one of the leading causes of musculoskeletal or joint
disorders among geriatric population, leading to the need for orthopedic
braces. Geriatric population base exhibits highest incidence of musculoskeletal
disorders. Thus, this group of population plays a vital role in accelerating
the demand for the products. Aging leads to significant changes in the skeletal
and neuromuscular systems, resulting in weak ligaments, arthritis, and Anterior
Cruciate Ligament (ACL) tear. The geriatric population is also expected to grow
at an unprecedented rate in the years to come. This factor is anticipated to
propel the product demand in orthopedic braces and supports market.
Rising
incidence of sport-related injuries has also become a leading cause for
osteoarthritis among athletes. Health conscious people continuously engage in
fitness-related activities. This might lead to muscle pain, which results in
increased demand for braces and supports. Sometimes, athletic activities can
also result in knee joint disorder or ankle injuries, which facilitate rise in
demand for knee and ankle braces.
Browse
Details of Report @ https://www.grandviewresearch.com/industry-analysis/orthopedic-braces-support-systems-market
Further key findings from the study suggest:
- Brace type
held the maximum market share in 2018 owing to rising number of
osteoarthritis cases, which has increased the need for braces and support
devices
- Pain
management products also held significant market share in 2018 due to high
prevalence of joint-related disorders
- Under pain
management segment, cold therapy and DVT products contributed immensely to
the market growth through developmental strategies
- Orthopedic
clinic was the largest revenue contributor in terms of end use segments in
2018, due to increasing preference for orthopedic consultations for quick
check up
- The
Over-the-Cunter (OTC) segment is anticipated to exhibit lucrative CAGR
over the forecast period owing to the fact that the products are readily
available in retail stores without a doctor’s prescription
- North
America held the largest market share in 2018 owing to the rising
healthcare expenditure and high purchasing power of the consumers
- Asia Pacific
is anticipated to showcase attractive growth over the forecast period due
to rising geriatric population in China
- Few key
companies operating in the orthopedic braces and supports market are
Bauerfeind AG; DJO Global, Inc.; Hely & Weber; Össur Corporate; Breg,
Inc.; DeRoyal Industries, Inc.; Otto Bock Healthcare GmbH; and BSN Medical
GmbH
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
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