Future of Orthopedic Braces & Supports Market 2019-24
Orthopedic Braces & Supports Market by Product (Knee, Ankle, Spine, Shoulder, Neck, Elbow, Wrist, Facial), Category (Soft, Hard), Application (Ligament (ACL, LCL), Preventive, OA), Distribution, and Region - Global Forecast
(firmenpresse) - Orthopedic Braces & 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 major factors driving the growth of the Orthopedic Braces & Supports Market are the increasing prevalence of orthopedic diseases & disorders, rising number of sports and accident-related injuries, and growing public awareness related to preventive care.
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The Orthopedic Braces & Supports Market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle Eastand Africa. North America accounted for the largest share of the Orthopedic Braces & Supports Market in 2018.
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Factors such as continuous development and commercialization of novel orthopedic braces & support products and favorable reimbursements & insurance coverage major orthopedic bracing procedures in the region are driving the market for orthopedic braces and supports in North America.
The major players operating in the Orthopedic Braces & 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), Zimmer Biomet Holdings, Inc. (US), Oppo Medical, LLC (US), Becker Orthopedic (US), Thuasne Group (France), 3MCompany (US), Reh4Mat (Poland), and United Ortho (US).
Recent Developments
In December 2018, DJO Finance LLC established its new global headquarters in Dallas, US, to develop and market DonJoy Products, which includes braces and supports.
In November 2018, DJO Finance LLC launched EMPOWR Porous Knee System and EMPOWR Complex Primary Knee System. This helped the company to improve its position in the orthopedic braces and supports market.
In March 2018, DJO Finance LLC launched X4 Smart Brace with Motion Intelligence.
In March 2017, DJO Finance LLC launched TriFit Knee Brace (a DonJoy Product).
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Datum: 24.05.2019 - 11:52 Uhr
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Date of sending: 24.05.2019
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