Orthopedic Braces & Support System Market by Product (Knee Braces & Supports, Foot & Ankle Braces and Supports, Spinal Orthoses, Upper Extremity Softgoods) by End-User (Orthopedic Clinics, Hospitals) - Global Analysis & Forecast to 2019
The global orthopedic braces & support systems market is estimated to grow at a CAGR of 4.4% from 2014 to 2019. The market in the U.S. accounted for the maximum share in the global orthopedic braces & support systems market in 2014.
Factors, such as rising aging population, rising incidences of sports injuries and road accidents, and others are driving the global orthopedic braces & support systems market. However, increased use of high priced neoprene, high costs associated with orthopedic braces and supports are some of the factors hindering the global orthopedic braces & support systems market.
In this report, global orthopedic braces & support systems market is broadly classified on the basis of product and end-user.
Based on products, the global orthopedic braces & support systems market is segmented into knee braces and supports; foot & ankle brace supports, spinal orthoses and upper extremity softgoods. The market based on end-user is further categorized into orthopedic clinics, hospitals, and other end-users.
Geographically, the market is divided into four regions, namely North America, Europe, Asia-Pacific and Rest of World (RoW). The market in North America accounted for the largest share of 52.4% in the global orthopedic braces & support systems market in 2014, followed by Europe. It is estimated to grow at a CAGR of 4.8% from 2014 to 2019.
The report has profiled the leading players of this market along with the strategies (new product launches and partnerships, agreements, collaborations, and joint ventures) adopted by them to sustain and strengthen their position in the global orthopedic braces & support systems market. The key players operating in this market are Biomet, Inc. (U.S.), Bledsoe Brace Systems (U.S.), Bauerfeind AG (Germany) Breg, Inc. (U.S.) Chase Ergonomics (U.S.), DeRoyal Industries, Inc. (U.S.), DJO Global Inc. (U.S.), Ossur (Iceland), Ottobock (Germany), and BSN Medical (Germany), among others.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends, and PEST analysis), market share analysis of top players, supply chain analysis, and company profiles, which integrate the basic views on the competitive landscape, usage patterns, emerging- and high-growth segments of the global orthopedic braces & support systems market, high-growth regions and countries and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market, share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
The report provides insights on the following pointers:
Product Analysis and development: Detailed insights on upcoming technologies, research and development activities, and new product launches in the global orthopedic braces & support systems market. The usage pattern/penetration rate (in-depth trend analysis) of products (segment wise) and purchasing data. A comprehensive coverage of product approvals, patent analysis, pipeline products and product recalls.
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for orthopedic braces & support systems across geographies, exploit new distribution channels, new clientele base and highlight different pricing policies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments decisions in the Global orthopedic braces & support systems market. Detailed descriptions regarding the diversification pertaining to this market.
Epidemiology Data: Country specific prevalence of knee, hand, hip, spine osteoarthritis (OA) and rheumatoid arthritis (RA), country specific patient pool of knee, hand, hip, spine OA and RA and disease progression (pattern analysis).
Competitive Assessment: In-depth assessment of market shares, company share analysis of the key players forecasted till 2019. Develop business strategies and manufacturing capabilities of leading players so as to enhance the bottom line companies in the orthopedic braces & support systems.
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