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Global Orthopedic Braces & Support System Market is Expected to Reach $4,918.7 Million by 2019, at a CAGR of 4.4% from 2014 to 2019
Date:4/20/2015

FORT WORTH, Texas, April 20, 2015 /PRNewswire/ --

The global orthopedic braces & support system market report defines and segments the concerned global with analysis and forecast of revenue. This market was valued at $3,963.1 million 2014, and is estimated to reach $4,918.7 million by 2019, at a CAGR of 4.4% from 2014 to 2019.

Browse through the TOC of global orthopedic braces & support system market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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According to National Institute of Health (NIH), in 2010 approximately 524 million people across the globe were registered to be people within the age group of 65 years or above, representing 8.0% of the global population. As a result, the risk of various diseases is expected to increase, especially the disorders and diseases related to bones. The prevalence of other comorbidities such as osteoarthritis (Attributable Activity Limited), diabetes, obesity, and osteoporosis increases the patient pool for the global orthopedic braces & support system products thereby driving the growth of this market. The increasing number of road accidents is another reason for the growth in market as the braces and support systems are prescribed for post-surgery aid to quicken the healing process.

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This market is segmented and forecast on the basis of product, end-user, and geography. Based on product, the global orthopedic braces & support system market is segmented into knee braces and supports, foot & ankle braces and supports, spinal orthoses, upper extremity softgoods wherein the knee braces and supports segment dominated the market, and is estimated to reach $1,104.7 million by 2019. The end user based market is further categorized into orthopedic clinics, hospitals and other end-users wherein the orthopedic clinics segment holds the top position, and is estimated to reach $2,057.0 million by 2019.  The market segmented on the basis of geography covers regions such as North America, Europe, Asia-Pacific, and others. The market in North America accounted for the largest share in the global market and is projected to grow at a CAGR of 4.8% from 2014 to 2019.

This report also includes the market share, value chain analyses, and market metrics such as drivers, restraints and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market.

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The North American Orthopedic Braces and Supports System Market was valued at $1,541.8 million in 2014, and is estimated to reach $1,911.3 million by 2019, at a CAGR of 4.4% from 2014 to 2019. The market has been segmented on the basis of products, end-users, and countries. 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 (U.S.), Ossur (Iceland), Ottobock (Germany), and Zimmer, Inc. (U.S.), among others.

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