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Global Orthopedic Bracing and Support Systems Market 2017-2021

Global Orthopedic Bracing and Support Systems Market 2017-2021

About Orthopedic Bracing and Support Systems

Orthopedic braces and support systems are used to restrict or assist physical movement, reduce weight-bearing forces, assist in recovery from fractures, and reduce pain. The proper selection and design of a suitable orthotic product help in the recovery of the affected joint and associated area of the limb. This, in turn, prevents further degenerative of the joints, muscles, and ligaments. The preference for non-invasive treatment is the major driving force in the market. Considering the operative trauma and the recovery time associated with invasive treatments, consumers tend to put off surgery in the case of injuries or other orthopedic conditions and rely on braces and supports for treatment.

Technavio’s analysts forecast the global orthopedic bracing and support systems market to grow at a CAGR of 4.35% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global orthopedic bracing and support systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of various types of products, which are used for treatment purposes.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Thoracic Surgery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • DeRoyal Industries
  • DJO Global
  • Össur
  • Zimmer Biomet
Other prominent vendors
  • Anatomical Concepts
  • Aspen Medical Products
  • Brace Orthopaedic
  • Breg
  • BSN medical
  • Cascade Dafo
  • FastForm Research
  • Green Sun Medical
  • Lethbridge Orthotic
  • Myomo
  • NIPPON SIGMAX
  • New Options Sports
  • Orthopaedic Appliances
  • PROTEOR
  • Promedionics
  • Redyns Medical
  • Rehband
  • Skeletal Support Systems
  • Spring Loaded Technology
  • Surgical Appliance Industries
  • TRULIFE
  • The Thuasne Group
  • United Ortho
Market driver
  • Growing bone degeneration complications in elderly population.
  • For a full, detailed list, view our report
Market challenge
  • High cost of orthopedic braces and increased pricing pressure.
  • For a full, detailed list, view our report
Market trend
  • Growing popularity of minimally invasive procedures.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Orthopedic Bracing and Support Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global orthopedic bracing and support systems market: DeRoyal Industries, DJO Global, Össur, and Zimmer Biomet.

Other Prominent Vendors in the market are: Anatomical Concepts, Aspen Medical Products, Brace Orthopaedic, Breg, BSN medical, Cascade Dafo, FastForm Research, Green Sun Medical, Lethbridge Orthotic, Myomo, NIPPON SIGMAX, New Options Sports, Orthopaedic Appliances, PROTEOR, Promedionics, Redyns Medical, Rehband, Skeletal Support Systems, Spring Loaded Technology, Surgical Appliance Industries, TRULIFE, The Thuasne, and United Ortho.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is growing popularity of minimally invasive procedures. Traditional open surgeries can cause post-operative complications such as pain, partially collapsed lungs, blood clots, fatigue, muscle atrophy, and infections. The anesthesia administered before surgeries can cause nausea, sore throat, confusion, and sleepiness. To reduce such complications, medical facilities have started implementing minimally invasive techniques in their surgical procedures.”

According to the report, one driver in market is cost-effective alternative in developing countries. Braces and supports are more economical than surgeries, and one does not need any special knowledge or skills to use them. For early osteoarthritis treatment in lower and upper extremities, orthopedic braces and support systems are used, which are cheaper compared with hip and knee replacement procedures. For instance, the estimated cost of a knee replacement surgery ranges between $70,000 and $90,000, which includes hospital stay, cost of implant, and other cost factors (medicines, nursing, and consultation fee). But if osteoarthritis is detected early, then braces and support systems can be used, which cost between $5,000 and $18,000 based on the type, thereby curbing the cost. These factors are driving the adoption of braces and support systems in developing countries. Additionally, medical treatments for certain musculoskeletal disorders, such as arthritis, are focused on maintaining joint movements and pain alleviation. Also, limited access to hospitals creates an opportunity for the adoption of braces and supports in rural areas.

Further, the report states that one challenges in market is high cost of orthopedic braces and increased pricing pressure. Physicians prefer customized orthopedic bracing and support systems rather than non-prescription traditional braces owing to better alignment and support. The estimated cost of a customized lower limb brace (ankle or foot) ranges between $750 and $1,200. The cost of a customized knee or a leg brace is higher, which impacts the market adoption. On online stores, the estimated cost of an ankle or foot brace and support system ranges between $300 and $450. Online sites such as FootSmart and OrthoticShop provide non-prescription orthopedic braces. Though these sites provide non-prescription traditional braces at a discounted price, the cost adds up owing to charges on off-the-shelf cushioned insoles and off-the-shelf low-arch insoles. The estimated cost for such insoles ranges between $40 and $80. Additionally, physiotherapy on parts of the body that have experienced trauma increases the cost burden. For each physiotherapy session, an individual needs to pay around $400, which depends on the type of trauma. These add up to the cost and affect the market growth.

Companies Mentioned

DeRoyal Industries, DJO Global, Össur, Zimmer Biomet, Anatomical Concepts, Aspen Medical Products, Brace Orthopaedic, Breg, BSN medical, Cascade Dafo, FastForm Research, Green Sun Medical, Lethbridge Orthotic, Myomo, NIPPON SIGMAX, New Options Sports, Orthopaedic Appliances, PROTEOR, Promedionics, Redyns Medical, Rehband, Skeletal Support Systems, Spring Loaded Technology, Surgical Appliance Industries, TRULIFE, The Thuasne, and United Ortho.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Overview of orthopedic bracing and support systems market by product 2016-2021
    • Market size and forecast
      • Table Global orthopedic bracing and support systems market 2016-2021 ($ billions)
      • Table Market strategies to penetrate global orthopedic bracing and support systems market
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global orthopedic bracing and support systems market by product 2016-2021 ($ billions)
    • Upper extremity bracing and support systems
      • Table Market overview: Upper extremity bracing and support systems
      • Table Market impact analysis of upper extremity orthopedic bracing and support systems
      • Table Upper extremity bracing and support systems market 2016-2021 ($ billions)
      • Table M&A: Upper extremity products - Plates and prosthetic implants
    • Lower extremity bracing and support systems
      • Table Market overview: Lower extremity bracing and support systems
      • Table Market impact analysis of lower extremity orthopedic bracing and support systems
      • Table Lower extremity bracing and support systems market 2016-2021 ($ billions)
      • Table Market analysis based on clinical studies
    • Spinal bracing and support systems
      • Table Market overview: Spinal bracing and support systems
      • Table Market impact analysis of spinal bracing and support systems
      • Table Spinal bracing and support systems market 2016-2021 ($ billions)
  • Market Segmetation by application
    • Table Global orthopedic bracing and support systems market by application 2016
    • Joint replacement and fracture
    • Nerve diseases and soft tissue injuries
  • Market segmentation by end-user
    • Table Global orthopedic bracing and support systems market by end-users 2016
    • Hospitals and clinics
    • ASCs
    • Individual patients
  • Geographical segmentation
    • Table Global orthopedic bracing and support systems market 2016-2021 ($ billions)
    • Orthopedic bracing and support systems market in Americas
      • Table Market overview: Orthopedic bracing and support systems market in Americas
      • Table Percentage of obese population in Americas above 15 years old in 2013
      • Table Orthopedic bracing and support systems market in Americas 2016-2021 ($ billions)
      • Table Orthopedic bracing and support systems market in Americas: Market analysis in various countries
      • Table Market overview: Orthopedic bracing and support systems market in US
  • Orthopedic bracing and support systems market in EMEA
    • Table Market overview: Orthopedic bracing and support systems market in EMEA
    • Table Conditions leading to primary knee replacement surgeries in UK in 2015
    • Table Orthopedic bracing and support systems market in EMEA 2016-2021 ($ billions)
    • Table Orthopedic bracing and support systems market in EMEA: Market analysis in various countries
  • Orthopedic bracing and support systems market in APAC
    • Table Market overview: Orthopedic bracing and support systems market in APAC
    • Table Orthopedic bracing and support systems market in APAC 2016-2021 ($ millions)
    • Table Orthopedic bracing and support systems market in APAC: Market analysis in various countries
  • Decision framework
  • Drivers and challenges
  • Market drivers
    • Table Older population with cancer in US
    • Table Number of road injuries in UK in 2015
  • Impact of drivers on key customer segments
    • Table Impact of drivers
  • Market challenges
  • Impact of challenges on key customer segments
    • Table Impact of challenges
  • Market trends
    • Growing popularity of minimally invasive procedures
    • Patient-friendly designs
    • Increase in orthopedic outsourcing
  • Vendor landscape
    • Competitive landscape
      • Table Competitive structure analysis of global orthopedic bracing and support systems market 2016
      • Table Competitive landscape analysis of global orthopedic bracing and support systems market 2016
      • Table Strategic recommendation for vendors in global orthopedic bracing and support systems market
  • Key vendors
    • DeRoyal Industries
      • Table DeRoyal Industries: Strength assessment
      • Table DeRoyal Industries: Strategy assessment
      • Table DeRoyal Industries: Opportunity assessment
    • DJO Global
      • Table DJO Global: Strength assessment
      • Table DJO Global: Strategy assessment
      • Table DJO Global: Opportunity assessment
    • Össur
      • Table Össur: Strength assessment
      • Table Össur: Strategy assessment
      • Table Össur: Opportunity assessment
    • Zimmer Biomet
      • Table Zimmer Biomet: Strength assessment
      • Table Zimmer Biomet: Strategy assessment
      • Table Zimmer Biomet: Opportunity assessment
    • Other prominent vendors
      • Table Other prominent vendors in global orthopedic bracing and support systems market
  • Appendix
    • List of abbreviations
  • Explore Technavio

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