Global orthopedic braces market is set to witness a substantial CAGR of 5.85% in the forecast period of 2020- 2026. Orthopedic braces are those medical devices which are specially designed to deal with musculoskeletal issues. It’s main function to properly align, support, and stabilize the different part of the body. They have the ability to improve the function of the muscles and bones which are affected.
Key Market Competitors: Global Orthopedic Braces Market
Few of the major competitors currently working in the global orthopedic braces market are 3M, ALCARE Co., Ltd., Bauerfeind, Bird & Cronin, Breg, Inc., BSN medical, DeRoyal Industries, Inc., DJO Global, medi Deutschland, Össur India, Ottobock, Remington Products, Ascent Meditech Limited, Bauerfeind, FLA Orthopedics, Frank Stubbs Company Inc., McDavid Inc., Ottobock SE & Co. KGaA, OPPO Medical, Inc., ReWalk Robotics, TRULIFE and others.
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There are different braces available for different part of the body such as knee braces and supports, shoulder braces and supports hand and wrist braces, facial braces and supports and others. These braces are usually made of nylon and neoprene. Usually, they are used by patients with sprains, fractures, broken bones and others.
Segmentation: Global Orthopedic Braces Market
· By Product (Knee Braces and Supports, Ankle Braces and Supports, Foot Walkers and Orthoses, Back, Hip, & Spine Braces and Supports, Shoulder Braces and Supports, Elbow Braces and Supports, Hand & Wrist Braces and Supports, Facial Braces and Supports)
· By Types (Soft & Elastic Braces and Supports, Hard & Rigid Braces and Supports, Hinged Braces and Supports)
· By Application (Ligament Injury, Preventive Care, Post-Operative Rehabilitation, Osteoarthritis, Compression Therapy, Others)
· By Distribution Channel (Orthopedic Clinics, Hospitals & Surgical Centers, Pharmacies & Retailers, E-Commerce Platforms, Others)
· By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Competitive Analysis: Global Orthopedic Braces Market
Global orthopedic braces market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of orthopedic braces market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
· Rising prevalence of orthopedic disease worldwide will drive the market growth
· Increasing sports and accident injuries will also propel the market growth
· Affordable price of these orthopedic braces will also drive the market growth
· Increasing public awareness about preventive care will enhance the market growth
· Availability of limited clinical evidence to support the therapeutic efficacy will restrain the market
· Limited patient qualification for bracing-mediated orthopedic treatment will also restrict the market
Reasons to Purchase this Report
· Current and future of global orthopedic braces market outlook in the developed and emerging markets
· The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
· Regions/Countries that are expected to witness the fastest growth rates during the forecast period
· The latest developments, market shares, and strategies that are employed by the major market players
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Customization of the Report:
· All segmentation provided above in this report is represented at country level
· All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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