Dallas, TX, May 04, 2016 --(PR.com
)-- The global orthopedic braces and supports market is driven by the rising population of geriatric population globally. Some of the major healthcare conditions driving this market is osteoarthritis, sports injuries, other traumatic wounds, orthopedic surgeries, obesity and osteoporosis. Manufacturers and suppliers developing and promoting braces and supports for prophylactic and performance-enhancing products are expected to fueling the market revenue. A new trend of increasing sales of orthopedic braces and supports via e-commerce is expected to become the biggest sales channel for these devices by 2025. Also stock and bill programs allow manufacturers to bill insurers directly another positive factor for this markets growth.
The increasing trend of lifestyle activities in the elderly populations has caused to a rising incidence of osteoarthritis and the increasing awareness of braces and supports will definitely create growth in this market more than what is expected. Also larger the customer base larger is the main focus of this market, the user pool is mostly of geriatric population but the spread into other age’s population is the new market goal.
The global orthopedic braces and supports market is segmented into type (Knee braces and supports, Foot and ankle braces and supports, Spinal orthoses, Upper extremity braces and supports and Leg walkers), end-user (Hospitals, Orthopedic clinics and Others).
The knee braces and supports market is segmented into 4 product types (Knee Support, Knee braces for osteoarthritis, Knee braces for ligament injury and Post-operative knee braces. Knee support holds a lion’s share of 57.8% of the knee braces and supports market in 2015, expected to reach $1,258.3 million by 2022 growing at 6.4% CAGR from 2016 to 2022.
Currently North America dominates the market with a revenue share of 45.4% in 2015 expected to grow to $2,150.2 million by 2022 growing at 4.5% in the forecast period. Asia-Pacific is the fastest growing geography in this market, at a CAGR of 9.5% from 2016 to 2022, owing to the rising incidence of orthopedic ailments in countries like India and China.
Some of the major players operating in this market are DJO Global, Ossur Corporate, Bauerfeind AG, Breg, Inc., BSN Medical GmbH, DeRoyal Industries, Inc., Otto Bock Healthcare GmbH, Alcare Company Ltd., Oppo Medical, Trulife among other vernacular players. DJO Global dominates the market in terms of market revenue with 18.2% market share globally.
For free sample of the report
Mail at - firstname.lastname@example.org
Or visit - http://databridgemarketresearch.com/reports/global-orthopedic-braces-and-supports-market/