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The
growing demand for orthopedic support system can be attributed to a number
of factors, such as the rising aging population, rising awareness about the
orthopedic support systems among the people, and increasing cases of road
accidents and sports injuries and co-morbid conditions leading to orthopedic
disorders or diseases.
The
global orthopedic braces & support market was valued at USD 3.2 Billion in
2014 and is expected to reach USD 4.3 Billion by 2020, at a CAGR of 5.0% from
2015 to 2020.
Key players :
Some of the major
players in the orthopedic braces market include Bauerfeind AG (Germany) Breg,
Inc. (U.S.) DeRoyal Industries, Inc. (U.S.), DJO Global (U.S.), Ossur
(Iceland), Ottobock (Germany), and BSN Medical (Germany).
Geography:
The global
orthopedic braces market has been categorized into major geographical regions,
including Europe, North America, Asia, and Rest of the world. North America is
the most dominant region in the global orthopedic braces market, and
contributed a share of 47.4% in 2014; the market in this region was valued at
USD 1.5 billion in the same year.
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Orthopedic
braces and supports are devices that are used to support and strengthen muscles
and joints. These are used in prophylaxis of injury and patient care settings,
right from the emergency room through the hospitalization period to
rehabilitation and after care. Ligament injuries are one of the most common
injuries in any sport; thus, braces and support systems are used to treat knee
& ankle sprains, torn knee ligaments, and so on.
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