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Orthopedic Braces Market Comprehensive Evaluation of The Market Via In-Depth Qualitative Insights 2030

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Orthopedic Braces Market Comprehensive Evaluation of The Market Via In-Depth Qualitative Insights 2030

According to Market Research Future (MRFR), the global orthopedic braces market is estimated to cross USD 5.8 Billion at a CAGR of 6.1% from 2019 to 2025. The study provides for a thorough analysis of the effect of COVID-19 on current / future market situations. The study also focuses on key market factors that will impact this sector's growth, such as market share, the top region, and major producers.

Orthopedic braces market are mainly used in injury prevention, injury rehabilitation, post-operative treatment, and osteoarthritis. These are also used to support, protect, and strengthen the joints and muscles and are used by athletes to avoid injury.

The increase in the number of orthopedic surgeries is anticipated to fuel the global market's growth for orthopedic braces. In 2017, it was projected that almost 78 million U.S. adults over 18 years of age would be diagnosed with osteoarthritis by 2040. An increased geriatric population is expected to propel the market growth. The number of Americans aged 65 and older is estimated to nearly double from 52 million in 2018 to 95 million by 2060. Bones and connective tissues, such as ligaments and cartilage, are gradually damaged by increasing age. This poses a high risk of muscle injury, particularly in the knees and shoulders. This increases the need for braces to boost mobility.

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Market Segmentation

The global market for orthopedic braces has been segmented into product, type, application, and end-user.

By Product

  • Knee Braces
  • Foot and Ankle Braces
  • Upper Extremity Braces
  • Others

By Type

  • Soft & Elastic Braces
  • Hinged Braces
  • Hard Braces

By Application

  • Ligament Injury
  • Preventive Care
  • Post-Operative Rehabilitation
  • Osteoarthritis
  • Others

By End-user

  • Orthopedic Clinics
  • Hospitals & Surgical Centers
  • Others

Key Players

Some of the leading participants identified by MRFR in this market are Bauerfeind (Germany), Aspen Medical Products (US), Breg, Inc. (US), DeRoyal Industries, Inc. (US), Ottobock (Germany), Weber Orthopedic Inc. (US), DJO LLC (US), BSN medical (Germany), Frank Stubbs Company Inc. (US), THUASNE SA (France).

Regional Analysis

Regionally, the global market for orthopedic braces has been segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa.

The Americas is the largest market in the world. Favorable reimbursement of major orthopedic bracing procedures and favorable government regulations for the marketing of products are significant factors propelling the growth of the orthopedic braces market in this region. The involvement of highly developed European countries in the medical sector will fuel the market's growth for orthopedic braces in Europe.

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The Asia Pacific is the fastest-growing orthopedic brace market in the world. The growing geriatric population and the increasing number of cases of sports-related injuries are expected to augment the growth of the market in this area.

Rising healthcare spending and growing public awareness of orthopedic braces will boost demand for the orthopedic braces market in the Middle East and Africa.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Market Research Future (MRFR) team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. 

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited), 

99 Hudson Street,5Th Floor, New York, New York 10013, 

United States of America

+1 646 845 9312

Email: [email protected]  

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