Orthopedic Braces and Supports Market – Analysis and Forecast to 2020
Global Orthopedic Braces and Supports Market is expected to reach USD 5.91 billion by 2024 from USD 3.62 billion in 2016, at a CAGR of 6.6% in the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base y
(EMAILWIRE.COM, September 20, 2018 ) The global orthopedic braces and supports market is driven by the rising population of geriatric population globally. Some of the major healthcare condition driving this market is osteoarthritis, sports injuries, other traumatic wounds, orthopedic surgeries, obesity and osteoporosis. Manufacturers and suppliers developing and promoting braces and supports for prophylactic and performance-enhancing products are expected to fueling the market revenue. A new trend of increasing sales of orthopedic braces and supports via e-commerce is expected to become the biggest sales channel for these devices by 2020. Also stock and bill programs allow manufacturers to bill insurers directly another positive factor for this markets growth.
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The increasing trend of lifestyle activities in the elderly populations has caused to a rising incidence of osteoarthritis and the increasing awareness of braces and supports will definitely create growth in this market more than what is expected. Also larger the customer base larger is the main focus of this market, the user pool is mostly of geriatric population but the spread into other age’s population is the new market goal.
The global orthopedic braces and supports market is segmented into type (Knee braces and supports, Foot and ankle braces and supports, Spinal orthoses, Upper extremity braces and supports and Leg walkers), end-user (Hospitals, Orthopedic clinics and Others).
The knee braces and supports market is segmented into 4 product types (Knee Support, Knee braces for osteoarthritis, Knee braces for ligament injury and Post operative knee braces. Knee support holds a lion’s share of 57.0% of the knee braces and supports market in 2014, expected to reach $1,112.5 million by 2020 growing at 6.2% CAGR from 2015 to 2020.
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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Email: sopan.gedam@databridgemarketresearch.com
Request for free sample: https://databridgemarketresearch.com/request-a-sample/?dbmr=global-orthopedic-braces-and-supports-market-3
The increasing trend of lifestyle activities in the elderly populations has caused to a rising incidence of osteoarthritis and the increasing awareness of braces and supports will definitely create growth in this market more than what is expected. Also larger the customer base larger is the main focus of this market, the user pool is mostly of geriatric population but the spread into other age’s population is the new market goal.
The global orthopedic braces and supports market is segmented into type (Knee braces and supports, Foot and ankle braces and supports, Spinal orthoses, Upper extremity braces and supports and Leg walkers), end-user (Hospitals, Orthopedic clinics and Others).
The knee braces and supports market is segmented into 4 product types (Knee Support, Knee braces for osteoarthritis, Knee braces for ligament injury and Post operative knee braces. Knee support holds a lion’s share of 57.0% of the knee braces and supports market in 2014, expected to reach $1,112.5 million by 2020 growing at 6.2% CAGR from 2015 to 2020.
Report Link: https://databridgemarketresearch.com/reports/global-orthopedic-braces-and-supports-market
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
Contact Information:
Data Bridge Market Research
Data Bridge Market Research
Tel: +1-888-387-2818
Email us
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Data Bridge Market Research
Data Bridge Market Research
Tel: +1-888-387-2818
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results