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Orthopedic Bracing and Support Market Expected To Reach USD 4.17 Billion By 2020

According to estimates, the global orthopedic bracing and support market was valued at USD 3.40 billion in 2015, and is expected to reach USD 4.17 billion by 2020, registering a CAGR of 4.21% during the forecast period from 2016 to 2020. The growing demand for orthopedic bracing and support 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.
Orthopedic Bracing and Support includes both sports braces designed to prevent injury and orthopedic braces designed to support existing conditions. There is a complete selection of orthopedic braces and supports for knees, ankles, backs, elbows, wrists and more.

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……………………In terms of applications, orthopedics clinic is the largest market of the orthopedic bracing and support, followed by over the counter (OTC). And the OTC will be the fastest growing market of global orthopedic bracing and support market is projected to grow at a CAGR of 7.0% in the forecast period. Orthopedic bracing and supports are prescribed post-surgery as they help in keeping bones in position, allowing limited movement and faster healing. The other end users include gyms/health clubs, sports academies/outlets, pharmacy outlets, emergency centers and trauma centers.
On the basis of geographies, North America held a major market share of global orthopedic bracing and support market, about 50% market share in 2015, the market share will continue to remain within the forecast period, followed by Europe. Asia pacific is estimated to grow at the highest rate.
The key players in the orthopedic bracing & supports market are Bauerfeind AG (Germany) Breg, Inc. (U.S.) DeRoyal Industries, Inc. (U.S.), DJO LLC (U.S.), Ossur (Iceland), Ottobock (Germany), and BSN Medical (Germany).
Global Orthopedic Bracing and Support Market Share Analysis, by Geographies, 2020

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Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
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Joanna | Executive - International Business and partner Relations
E-mail: [email protected] 
Tel: 001-510-400-8520
Web: www.gosreports.com