Middle East And Africa OTC Orthopedic Braces Market: Industry Analysis & Opportunities-Market Data Forecast
Middle East And Africa OTC Orthopedic Braces Market By Product, By Indication And By Region-Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2016 to 2021
(EMAILWIRE.COM, October 26, 2017 ) The Middle East and Africa OTC Orthopedic Braces Market is estimated to be growing from 94 million in 2016 at a CAGR of 4.5%, to reach USD 117 million by 2021. The market is showcasing significant growth potential in the mentioned period and is also expected to grow in the future years owing to the developments in medical sector.
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Orthopedic braces, also called as orthopedic splints, provide protection, stabilization, support and rectification of injuries or unusual alignment by rehabilitation and recovery. They are used for various purposes like injury rehabilitation, prevention, and more. The braces are also made to take the place of muscles if there is less strength in them. They correct the structural anomalies and assist in the detection of cerebral palsy, spina bifida, as well as to treat the symptoms of stroke.
The rising geriatric population, increasing popularity and awareness regarding orthopaedic braces, developing research activities in the medical sector are driving the growth of this market. Also, growing amount of bone-degenerative ailments and stabilization of the economy over the previous years are the factors that fuel the growth of the Middle-East and Africa OTC Orthopedic Braces market. However, rising preference of patients towards alternative treatment methods, uncertain reimbursements, below average efficiency of orthopedic braces and lack of customization for OTC orthopedic braces are the major factors hampering the Middle-East and Africa OTC orthopedic braces market.
The Middle-East and Africa OTC Orthopedic Braces market size is broadly categorized on the basis of Product into Lower Extremity Braces, Knee Braces, Foot & Ankle Braces, Upper Extremity Braces, Shoulder Braces, Elbow Braces, Wrist Braces, Back & Hip Braces and Other Braces. Based on Indication, the market is segmented into Prophylactic, Injury, Osteoarthritis (OA) and Other Indications. The prophylactic braces segment is expected to hold the largest share of the Middle-East and Africa OTC orthopedic braces market in 2016 owing to increased participation in sports, studies proving the efficacy of prophylactic braces in decreasing the injuries, and increased awareness.
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On the basis of region the Middle-East and Africa market is analyzed under the regions Middle East and Africa. This region is filled with many countries which are on the developing stage and are undergoing a lot of advancement in the medical technology. Thus, the market has substantial growth potential during the mentioned forecast period.
Some of the major competitors dominating the market are DJO Finance LLC, DeRoyal Industries Inc, Breg Inc, Bauerfeind AG, BSN Medical, Otto Bock HealthCare, Medi GmbH & Co. KG, Thuasne Group and 3M Company.
Market Segmentation :
1) Product
2) Indication
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About us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.
For more information, kindly visit, www.marketdataforecast.com
Browse more details @ http://marketdataforecast.com/market-reports/middle-east-and-africa-otc-orthopedic-braces-market-3262/
Orthopedic braces, also called as orthopedic splints, provide protection, stabilization, support and rectification of injuries or unusual alignment by rehabilitation and recovery. They are used for various purposes like injury rehabilitation, prevention, and more. The braces are also made to take the place of muscles if there is less strength in them. They correct the structural anomalies and assist in the detection of cerebral palsy, spina bifida, as well as to treat the symptoms of stroke.
The rising geriatric population, increasing popularity and awareness regarding orthopaedic braces, developing research activities in the medical sector are driving the growth of this market. Also, growing amount of bone-degenerative ailments and stabilization of the economy over the previous years are the factors that fuel the growth of the Middle-East and Africa OTC Orthopedic Braces market. However, rising preference of patients towards alternative treatment methods, uncertain reimbursements, below average efficiency of orthopedic braces and lack of customization for OTC orthopedic braces are the major factors hampering the Middle-East and Africa OTC orthopedic braces market.
The Middle-East and Africa OTC Orthopedic Braces market size is broadly categorized on the basis of Product into Lower Extremity Braces, Knee Braces, Foot & Ankle Braces, Upper Extremity Braces, Shoulder Braces, Elbow Braces, Wrist Braces, Back & Hip Braces and Other Braces. Based on Indication, the market is segmented into Prophylactic, Injury, Osteoarthritis (OA) and Other Indications. The prophylactic braces segment is expected to hold the largest share of the Middle-East and Africa OTC orthopedic braces market in 2016 owing to increased participation in sports, studies proving the efficacy of prophylactic braces in decreasing the injuries, and increased awareness.
Download Free Sample Report @ http://marketdataforecast.com/market-reports/middle-east-and-africa-otc-orthopedic-braces-market-3262/request-sample
On the basis of region the Middle-East and Africa market is analyzed under the regions Middle East and Africa. This region is filled with many countries which are on the developing stage and are undergoing a lot of advancement in the medical technology. Thus, the market has substantial growth potential during the mentioned forecast period.
Some of the major competitors dominating the market are DJO Finance LLC, DeRoyal Industries Inc, Breg Inc, Bauerfeind AG, BSN Medical, Otto Bock HealthCare, Medi GmbH & Co. KG, Thuasne Group and 3M Company.
Market Segmentation :
1) Product
2) Indication
Inquire before buying @ http://marketdataforecast.com/market-reports/middle-east-and-africa-otc-orthopedic-braces-market-3262/inquire
About us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.
For more information, kindly visit, www.marketdataforecast.com
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Market Data Forecast.
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Tel: +1-888- 702-9626
Email us
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results