According to the new market research report “Orthopedic Braces and Supports Market by Product (Knee, Ankle, Hip, Spine, Shoulder, Neck, Elbow, Hand, Wrist), Category (Soft, Hard, Hinged), Application (Ligament (ACL, LCL), Preventive, OA), Distribution (Hospital) & Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Orthopedic Braces Market size is estimated to be USD 3.1 billion in 2020 and projected to reach USD 4.1 billion by 2025, at a CAGR of 5.8 %.Browse in-depth TOC on “Orthopedic Braces and Supports Market”280 – Tables30 – Figures374 – PagesDownload PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=24806829The Increasing prevalence of orthopedic diseases & disorders, continuous product commercialization, greater product affordability & market availability, rising number of sports and accident-related injuries, and growing public awareness related to preventive care are the key factors driving the growth of the orthopedic braces and supports industry.The Orthopedic Braces And Supports Market includes major Tier I and II suppliers like DJO Finance LLC (US), Össur Hf (Iceland), Breg, Inc. (US), Bauerfeind AG (Germany), and DeRoyal Industries, Inc. (US).

These suppliers have their manufacturing facilities spread across regions such as North America and Europe.

COVID-19 has impacted their businesses as well.

Demand for orthopedic braces and supports from key end-users has significantly declined amidst the global COVID-19 pandemic.

Industry experts believe that COVID-19 will have short-term negative growth for the orthopedics and supports market in 2020, but will experience normal growth as the market gradually steadies by the end of 2020.Demand for knee braces and supports among medical professionals and athletes is expected to result in the segment occupying the majority of the market shareThe knee braces and supports market is estimated to have the largest market share by value.

Growth of this segment can be attributed to the growing demand for knee braces & supports among medical professionals and athletes and favorable reimbursement scenario for knee braces in developed countries.

The study involved four major activities to estimate the current size of the orthopedic braces and supports market.

The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.

Top-down and bottom-up approaches were employed to estimate the complete market size.The report “Orthopedic Braces and Supports Market by Product (Knee, Ankle, Hip, Spine, Shoulder, Neck, Elbow, Hand, Wrist), Category (Soft, Hard, Hinged), Application (Ligament (ACL, LCL), Preventive, OA), Distribution (Hospital) & Region – Global Forecast to 2025″, the global orthopedic braces market size is estimated to be USD 3.1 billion in 2020 and projected to reach USD 4.1 billion by 2025, at a CAGR of 5.8 %.Opportunity: Increased sales of off-the-shelf and online products;Specific orthopedic braces can only be used under the supervision of medical practitioners or orthopedic technicians as they require customization or product alternation according to patient features.

However, some braces (such as ankle braces, wrist/hand braces, shoulder braces, elbow braces, and facial braces) are increasingly being sold through retailers (off-the-shelf), and e-commerce websites since their use do not require an authorization from medical professionals.

Patients regularly use such products as preventive measures to avoid injuries.

BraceAbility (US), Amazon.com (US), and Alibaba.com (China) are common e-commerce websites selling orthopedic products.Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=24806829Market Segmentation in Detailed:Demand for knee braces and supports among medical professionals and athletes is expected to result in the segment occupying the majority of the orthopedic braces and supports market share;The knee braces and supports market is estimated to have the largest market share by value.

The study involved four major activities to estimate the current size of the orthopedic braces and supports market.

The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.

Thereafter, market breakdown and data triangulation procedures were used to estimate the size of segments and sub-segments.Expected Revenue Surge: The Global Orthopedic Braces and Supports Market size is projected to reach USD 4.1 billion by 2025 from USD 3.1 billion in 2020, at a CAGR of 5.8% during the forecast periodOpportunity: Increased sales of off-the-shelf and online products;Specific orthopedic braces can only be used under the supervision of medical practitioners or orthopedic technicians as they require customization or product alternation according to patient features.

However, some braces (such as ankle braces, wrist/hand braces, shoulder braces, elbow braces, and facial braces) are increasingly being sold through retailers (off-the-shelf), and e-commerce websites since their use do not require an authorization from medical professionals.

BraceAbility (US), Amazon.com (US), and Alibaba.com (China) are common e-commerce websites selling orthopedic products.Governments and insurance bodies across major countries increasingly recognize the effective patient care offered by such products and are thus supportive of online sales, higher reimbursement, and insurance coverage.

Therefore, increasing sales of orthopedic braces through e-commerce websites and off-the-shelf channels, as well as the greater availability of reimbursement for such products across mature markets, are expected to offer significant growth opportunities for manufacturers of orthopedic braces and supports.Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=24806829Orthopedic Braces and Supports Market Segmentation in Detailed:By product;Knee braces are utilized as a follow-up treatment post knee surgery associated with injuries such as anterior cruciate ligament (ACL) rupture, sprained medial knee ligament, patella tendonitis, torn knee cartilage, posterior cruciate ligament (PCL) rupture, knee arthritis, and runner’s knee.

The study involved four major activities to estimate the current size of the orthopedic braces market.

Exhaustive secondary research was carried out to collect information on the market and its different subsegments.

The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.According MarketsandMarkets Research – The Global Orthopedic Braces and Supports Market size is projected to reach USD 4.1 billion by 2025 from USD 3.1 billion in 2020, at a CAGR of 5.8% during the forecast periodThe Key Factors Who will Drives the Market Growth?Increasing prevalence of orthopedic diseases and disordersContinuous product commercializationGreater product affordability and market availabilityRising number of sports and accident-related injuriesGrowing public awareness related to preventive careGrowth Opportunity: Increased sales of off-the-shelf and online products;Specific orthopedic braces can only be used under the supervision of medical practitioners or orthopedic technicians as they require customization or product alternation according to patient features.

However, some braces (such as ankle braces, wrist/hand braces, shoulder braces, elbow braces, and facial braces) are increasingly being sold through retailers (off-the-shelf), and e-commerce websites since their use do not require an authorization from medical professionals.

Patients regularly use such products as preventive measures to avoid injuries.

BraceAbility (US), Amazon.com (US), and Alibaba.com (China) are common e-commerce websites selling orthopedic productsRequest Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=24806829Market Segmentation in Detailed:Soft and elastic braces are the most common bracing & support products in orthopedics.

According to the new market research report “Orthopedic Braces and Supports Market by Product (Knee, Ankle, Hip, Spine, Shoulder, Neck, Elbow, Hand, Wrist), Category (Soft, Hard, Hinged), Application (Ligament (ACL, LCL), Preventive, OA), Distribution (Hospital) & Region – Global Forecast to 2025″, published by MarketsandMarkets™, is estimated to be USD 3.1 billion in 2020 and projected to reach USD 4.1 billion by 2025, at a CAGR of 5.8 %.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=24806829The Increasing prevalence of orthopedic diseases & disorders, continuous product commercialization, greater product affordability & market availability, rising number of sports and accident-related injuries, and growing public awareness related to preventive care are the key factors driving the growth of the orthopedic braces and supports industry.The otc braces and supports market includes major Tier I and II suppliers like DJO Finance LLC (US), Össur Hf (Iceland), Breg, Inc. (US), Bauerfeind AG (Germany), and DeRoyal Industries, Inc. (US).

These suppliers have their manufacturing facilities spread across regions such as North America and Europe.

COVID-19 has impacted their businesses as well.

Demand for orthopedic braces and supports from key end-users has significantly declined amidst the global COVID-19 pandemic.

Industry experts believe that COVID-19 will have short-term negative growth for the orthopedics and supports market in 2020, but will experience normal growth as the market gradually steadies by the end of 2020.Browse in-depth TOC on “Orthopedic Braces and Supports Market”280 – Tables30 – Figures 374 – PagesDemand for knee braces and supports among medical professionals and athletes is expected to result in the segment occupying the majority of the market shareThe knee braces and supports market is estimated to have the largest market share by value.

Growth of this segment can be attributed to the growing demand for knee braces & supports among medical professionals and athletes and favorable reimbursement scenario for knee braces in developed countries.

The study involved four major activities to estimate the current size of the orthopedic braces and supports market.

The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.

Top-down and bottom-up approaches were employed to estimate the complete market size.Secondary Research;In the secondary research process, various secondary sources, such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D Hoovers, Bloomberg Business, and Factiva) were referred to in order to identify and collect information for the orthopedic braces and supports market study.Browse 280 market data Tables and 30 Figures spread through 374 Pages and in-depth TOC on “Orthopedic Braces & Supports Market”Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=24806829Expected Revenue Surge: The global orthopedic braces and supports market size is projected to reach USD 4.1 billion by 2025 from USD 3.1 billion in 2020, at a CAGR of 5.8% during the forecast periodCOVID-19 Impact on the global orthopedic braces and supports market;The orthopedic braces market is impacted due to the pandemic, resulting in short term negative growth due to factors such as a sharp decline in elective surgeries and ban on organized sports.

Thus, limited access to clinics, social distancing, the lockdown of the population, which results in less trauma and workplace injuries, and slow-down in patient flow and referrals has also impacted the market growth.Geographical Scenario in Depth: Asia Pacific is estimated to be the fastest-growing market for orthopedic braces and supports during the forecast period.

The Asia Pacific market is driven principally by the rising geriatric and obese population (coupled with the significant prevalence of orthopedic & diabetes-related diseases in this population segment), increasing GDP and healthcare expenditure in APAC countries, and growing public awareness.

Furthermore, increasingly localized product manufacturing, favorable government regulations, and the focus of global product manufacturers on expanding their presence in APAC countries are aiding the market growth.Leading Key-Players:DJO Finance LLC (US), Össur Hf (Iceland), Breg, Inc. (US), Bauerfeind AG (Germany), and DeRoyal Industries, Inc. (US) are the key players in the global orthopedic braces and supports market.DJO Finance LLC (US) is one of the major players operating in this market.