Market Analysis and Insights: Global Orthopedic Braces and Supports Market
Orthopedic braces and supports market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 7.28 billion by 2027 and will grow at a CAGR of 7.1% in the above-mentioned forecast period.
The rapid increase in the orthopedic surgeries is majorly driven by surgeries done by the replacements of knee and hip and thus is directly impacting the growth of the orthopedic braces and supports market over the forecast period of 2020 to 2027. In comparison with other invasive treatments, braces and supports are less painful, help in quick recovery and decrease the incidences of post-surgical complications and such factors are preferred by patients across the world which is stimulate the overall orthopedic braces and supports market growth.
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Orthopedic Braces and Supports Market Scope and Market Size
Global Orthopedic braces and supports market is segmented on the basis of type, product type, end user and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Based on type, the orthopedic braces and supports market is segmented into soft and elastic braces and supports, hard and rigid braces and supports and hinged braces and supports.
The product type segment of the orthopedic braces and supports market is segmented into upper extremity, lower extremity, limb neck and spine and pelvis-hip-femur. Upper extremity is further segmented into elbow and forearm, wrist-hand and shoulders. Lower extremity is further segmented into ankle and foot and knee-tibia. Limb neck and spine is further segmented into Head-cervical spine, thoracic spine-thorax and lumbar spine.
Based on end user, the orthopedic braces and supports market is divided into upper extremity, lower limb neck and spine and pelvis-hip-femur.
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Global Orthopedic Braces and Supports Market Country Level Analysis
Orthopedic braces and supports market is analyzed and market size insights and trends are provided by country, type, product type, end user and distribution channel as referenced above.
The countries covered in the orthopedic braces and supports market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the orthopedic braces and supports market owing to the increasing awareness regarding bracing devices that aid mobility and prevent further injury in this particular region.
Europe is expected to expand at a significant growth rate over the forecast period of 2020 to 2027 owing to the strong presence of well-developed healthcare infrastructure, availability of advanced products, and skilled professionals along with increasing demand for advanced therapies and products in the region.
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Competitive Landscape and Orthopedic Braces and Supports Market Share Analysis
Orthopedic braces and supports market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to orthopedic braces and supports market.
The major players covered in the orthopedic braces and supports market report are DJO, LLC, Zimmer Biomet, Medtronic, Stryker Corporation, Össur, NuVasive®, Inc., Integra LifeSciences Corporation, Globus Medical, OTTOBOCK, AC Mould Engineering Limited, Johnson & Johnson Services, Inc., Weber Orthopedic LP. DBA Hely & Webe., BSN medical, Becker Orthopedic, OPPO MEDICAL INC., Langer Biomechanics, McDavid, Frank Stubbs Company Inc., DeRoyal Industries, Inc., Ascent Meditech Limited, and Alcare Co., Ltd., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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