Factors such as growing prevalence of musculoskeletal disorders and diseases, rapid growth in the geriatric population, increasing sport participation across the globe (coupled with rising number of sports-related injuries), and growing market availability of orthopedic braces through e-commerce online sales and retail shops are driving the growth of the market.
The report studies the global orthopedic braces and supports market over the forecast period of 2017 to 2022. The market is projected to reach USD 4.93 Billion by 2022 from USD 3.76 Billion in 2017, at a CAGR of 5.6%.
Browse 74 Market Data Tables
30 Figures
331 Pages and in-depth TOC on "Orthopedic Braces and Supports Market"
The major players in the market are DJO Finance LLC (US), Breg, Inc. (US), Ossur Hf (Iceland), DeRoyal Industries, Inc. (US), Bauerfeind AG (Germany), Otto Bock Holding GmbH & Co. KG (Germany), BSN medical (Germany), medi GmbH & Co. KG (Germany), THUASNE Group (France), and 3M Company (US).
By Region, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to account for the largest share of the market in 2017, followed by Europe. The market in North America is primarily driven by the continuous development and commercialization of novel orthopedic braces & support products and a significant level of medical reimbursements & insurance available for major orthopedic bracing procedures.
However, Asia Pacific is expected to register the highest growth rate during the forecast period due to the rising geriatric and obese population (coupled with the significant prevalence of orthopedic & diabetes-related diseases in this population segment).
To Know More @ https://www.marketsandmarkets.com/Market-Reports/orthopedic-braces-support-market-24806829.html
The report studies the global orthopedic braces and supports market over the forecast period of 2017 to 2022. The market is projected to reach USD 4.93 Billion by 2022 from USD 3.76 Billion in 2017, at a CAGR of 5.6%.
Browse 74 Market Data Tables
30 Figures
331 Pages and in-depth TOC on "Orthopedic Braces and Supports Market"
The major players in the market are DJO Finance LLC (US), Breg, Inc. (US), Ossur Hf (Iceland), DeRoyal Industries, Inc. (US), Bauerfeind AG (Germany), Otto Bock Holding GmbH & Co. KG (Germany), BSN medical (Germany), medi GmbH & Co. KG (Germany), THUASNE Group (France), and 3M Company (US).
By Region, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to account for the largest share of the market in 2017, followed by Europe. The market in North America is primarily driven by the continuous development and commercialization of novel orthopedic braces & support products and a significant level of medical reimbursements & insurance available for major orthopedic bracing procedures.
However, Asia Pacific is expected to register the highest growth rate during the forecast period due to the rising geriatric and obese population (coupled with the significant prevalence of orthopedic & diabetes-related diseases in this population segment).
To Know More @ https://www.marketsandmarkets.com/Market-Reports/orthopedic-braces-support-market-24806829.html
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