Orthopedic Braces and Supports Market Worth 5.5 billion by 2024 | Rising Number of Sports and Accident-Related Injuries

Orthopedic Braces and Supports Market

PUNE, India, 2020-Jun-01 — /EPR Network/ —

[279 Pages Report] The Orthopedic Braces and Supports Market is projected to reach USD 5.5 billion by 2024 from USD 4.1 billion in 2019, at a CAGR of 5.7%

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

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&B Hoovers, Bloomberg Business, and Factiva) were referred to in order to identify and collect information for this study.

Primary Research;

The orthopedic braces and supports market comprises several stakeholders such as hospitals, surgical centers, orthopedic clinics, pharmacies, retailers, e-commerce government agencies, and research organizations. The demand side of this market is characterized by the increasing incidence of sports injuries and rising adoption of novel orthopedic braces for preventive care.

Browse 126 market data Tables and 38 Figures spread through 279 Pages and in-depth TOC – Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=24806829

Market Size Estimation;

Both top-down and bottom-up approaches were used to estimate and validate the total size of the orthopedic braces and supports market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

Market Segmentation in Detailed:

Knee braces and supports segment accounted for the largest share of the orthopedic braces and supports market, by product, in 2018

The knee braces and supports segment accounted for the largest share of the orthopedic braces and supports market, by product, in 2018. The large share of this segment can be attributed to the several benefits offered by these products, such as medial and lateral support, reduced rotation of the knee, limited injury during motion, and protection from the post-surgical risk of injury.

Soft & elastic braces and supports segment to register the highest growth in the orthopedic braces and supports market, by type, during the forecast period

The soft & elastic braces and supports segment is expected to grow at the highest CAGR during the forecast period. Growth in this market can primarily be attributed to the growing availability of advanced products, increasing adoption & patient preference for orthopedic braces in post-operative & preventive care, and the supportive reimbursement scenario for target products across mature markets.

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The orthopedic braces and supports market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. North America accounted for the largest share of the orthopedic braces and supports market in 2018.

The major players operating in the orthopedic braces and supports market are Bauerfeind AG (Germany), Össur Hf (Iceland), DJO Finance LLC (US), Breg, Inc. (US), and DeRoyal Industries, Inc. (US). Other prominent players operating in this market include Bird & Cronin, Inc. (US), medi GmbH & Co. KG (Germany), Ottobock Holding GmbH & Co. KG (Germany), BSN medical (Germany)

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