Orthopedic Braces and Support Systems Market worth 4.3 Billion USD by 2020 The report "Orthopedic Braces & Supports Market by Product (Knee Braces, Foot & Ankle Braces, Spinal Orthoses, Upper Extremity Braces), by End User (Orthopedic Clinics, Over the Counter, Hospitals and Others), by Geography - Global Forecast to 2020", the global orthopedic braces and support systems market was valued at USD 3.2 Billion in 2014, and is estimated to reach USD 4.3 Billion by 2020, at a CAGR of 5.0% from 2015 to 2020. Browse 54 market data Tables and 39 Figures spread through 114 Pages and in-depth TOC on "Orthopedic Braces & Supports Market by Product (Knee Braces, Foot & Ankle Braces, Spinal Orthoses, Upper Extremity Braces), by End User (Orthopedic Clinics, Over the Counter, Hospitals and Others), by Geography - Global Forecast to 2020" http://www.marketsandmarkets.com/Market-Reports/orthopedic-braces-support-market-24806829.html
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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. Based on the condition for which these braces & supports are used, orthopedic braces & supports are segmented in four types, namely, knee braces and supports, foot and ankle braces & supports, spinal orthoses, and upper extremity braces and supports. The knee braces & supports segment accounted for the largest share of 42.5% of the market in 2014 and was valued at 1.4 billion in the same year. According to National Institute of Health (NIH), in 2010 approximately 524 Million people across the globe were registered to be within the age group of 65 years or above, representing 8.0% of the global population. By 2050, this number is expected to rise threefold and reach 1.5 Billion, representing 16.0% of the global population. Thus, the incidence rate of various diseases, especially the disorders and diseases related to bones, is expected to increase. The prevalence of other comorbidities associated with aging population, such as osteoarthritis, diabetes, obesity, and osteoporosis also contribute to the increase in the patient pool for the global orthopedic braces & support system, thereby driving the growth of the market. In the recent years, a large number of population is opting for recreational and sport activities. Orthopedic braces are used by this population to prevent any sports injuries. These braces are readily available in pharmacies and can be sold over-the-counter. Some of the major players in the orthopedic braces & supports market globally include Bauerfeind AG (Germany) Breg, Inc. (U.S.) DeRoyal Industries, Inc. (U.S.), DJO, LLC (U.S.), Ossur (Iceland), Ottobock (Germany), and BSN Medical (Germany), among others.
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