Europe OTC Orthopedic Braces Market is expected to be valued at USD 410 Million by 2023.
Europe OTC Orthopedic Braces Market is estimated to be growing from 320 million in 2018 at a CAGR of 5.15%, to reach USD 410 million by 2023.
(EMAILWIRE.COM, October 27, 2018 ) Overview:
In the year 2018, Europe OTC Orthopedic Braces Market was valued at USD 320 Million. By the year 2023, it is expected to reach USD 410 Million at pace of 5.15% CAGR.
Orthopedic Braces devices are used to strengthen and support the joints and muscles of the knee, ankle, back, hip, neck, fingers, elbow and wrist. These are used to control the movement of joints and limbs, as well as to identify structural deformities. These devices are designed to provide mechanical strength and support for pain relief from tension, sprain and other musculoskeletal disorders. Applications of orthopedic appliances include injury treatment and prevention, post-operative care and osteoarthritis care.
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Underlying Causes
The growth for OTC Orthopedic Braces market is driven due to factors like rising incidences of bone-degenerative diseases, increasing geriatric and obese population, growing awareness about availability of different orthopedic treatment among people, and rising disposable income. In addition, increasing demand for orthopedic braces, and advancement of technologies in the medical industry is expected to drive the market growth. However, unfavorable reimbursement policies, high cost of treatments, and growing preference towards other treatment alternatives are the major restraining factors which is expected hinder the growth rate for Europe OTC Orthopedic Braces Market during the forecast period.
To know more read: https://www.marketdataforecast.com/market-reports/europe-otc-orthopedic-braces-market-3059/
Geographic Segmentation:
Based on geography the Europe OTC Orthopedic Braces market has been primarily divided into United Kingdom, France, Spain, Italy and Germany. Europe has been the second largest market for OTC orthopedic braces due to increasing number of orthopedic patients, rising incidences of bone-degenerative diseases, rising healthcare expenditure and well-developed healthcare infrastructure are the driving factors in this region
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Key Players:
Leading companies for Europe OTC Orthopedic Braces 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.
About MarketDataForecast™
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Information:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank Filmnagar Branch, B 44, Rd Number 3, Journalist Colony, Hyderabad, Telangana 500033.
Phone: +1-888-702-9626
In the year 2018, Europe OTC Orthopedic Braces Market was valued at USD 320 Million. By the year 2023, it is expected to reach USD 410 Million at pace of 5.15% CAGR.
Orthopedic Braces devices are used to strengthen and support the joints and muscles of the knee, ankle, back, hip, neck, fingers, elbow and wrist. These are used to control the movement of joints and limbs, as well as to identify structural deformities. These devices are designed to provide mechanical strength and support for pain relief from tension, sprain and other musculoskeletal disorders. Applications of orthopedic appliances include injury treatment and prevention, post-operative care and osteoarthritis care.
View sample and decide: https://www.marketdataforecast.com/market-reports/europe-otc-orthopedic-braces-market-3059/request-sample
Underlying Causes
The growth for OTC Orthopedic Braces market is driven due to factors like rising incidences of bone-degenerative diseases, increasing geriatric and obese population, growing awareness about availability of different orthopedic treatment among people, and rising disposable income. In addition, increasing demand for orthopedic braces, and advancement of technologies in the medical industry is expected to drive the market growth. However, unfavorable reimbursement policies, high cost of treatments, and growing preference towards other treatment alternatives are the major restraining factors which is expected hinder the growth rate for Europe OTC Orthopedic Braces Market during the forecast period.
To know more read: https://www.marketdataforecast.com/market-reports/europe-otc-orthopedic-braces-market-3059/
Geographic Segmentation:
Based on geography the Europe OTC Orthopedic Braces market has been primarily divided into United Kingdom, France, Spain, Italy and Germany. Europe has been the second largest market for OTC orthopedic braces due to increasing number of orthopedic patients, rising incidences of bone-degenerative diseases, rising healthcare expenditure and well-developed healthcare infrastructure are the driving factors in this region
Get your customized report: https://www.marketdataforecast.com/market-reports/europe-otc-orthopedic-braces-market-3059/customize-report
Key Players:
Leading companies for Europe OTC Orthopedic Braces 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.
About MarketDataForecast™
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Information:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank Filmnagar Branch, B 44, Rd Number 3, Journalist Colony, Hyderabad, Telangana 500033.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
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