Orthopedic Braces and Support Systems Market, By Product (Foot and Ankle, Knee, Upper Extremity and Geography (NA, EU, APAC, and RoW) Analysis, Share, Trends, Size, & Forecast From 2014 2025
REPORT HIGHLIGHT
The orthopedic braces and support systems market is estimated to represent a global market of USD 3.87 billion by 2017 with growth rate of 4.7%.
Market Dynamics
Orthopedic braces and support systems are mainly used to stabilize, support and protect musculoskeletal issues that include congenital conditions, traumatic injury, or disabling illness. Increasing incidences of orthopedic injuries is driving the market growth significantly. For example, according to the Centers for Disease Control and Prevention (CDC), more than 54.4 million people are diagnosed with arthritis in the U.S. during the year 2013-2015. The organization also estimated that, more than 78 million (26% of total population) will diagnose with this condition by 2040. Furthermore, technology advancements and improvement in standard of living has led to a sharp increase in life expectancy.
As a consequence, the proportion of geriatric population, more prone to orthopedic injuries, is significantly increasing. This would in turn create upward demand for products such as orthopedic braces and support systems, augmenting the industry growth to great extent. On the flip side, high cost of these products is expected to pull back the market growth to some extent. For example, the average cost of osteoarthritis NoVel Medial Knee Brace would be in rage of USD 455 – USD 460. Additionally, reimbursement policies of these products are minimal. As a result, out of pocket spending for these product is increased for customers, hence, hampering the market growth.
Product Takeaway
In terms of braces & support products, the market is divided into Foot and Ankle, Knee, Upper Extremity and others. Knee braces and support products accounted for the largest share with USD 1,251 million revenue share in 2017. These products are increasingly used by individuals suffering from joint related disorders such as arthritis, sports players, and knee surgery patients. Trailed closely by foot and ankle products, this segment is expected to witness significant growth rates in future period. By application, the market is categorized into Hospitals, Orthopedic Clinics, and others. Hospital segment is accounted for the largest share of the global industry. Growing number of hospital settings coupled with rising incidence of orthopedic injuries support the growth of this end user application.
Regional Takeaway
Regionally, North America accounted for the largest share of the global market. Growth of this region is primarily attributed to the rising incidences of arthritis due to growing obese and geriatric population. According to Centers for Disease and Prevention 2017 statistics, 23% of overweight and 31% of obese population in the U.S. are diagnosed with arthritis. In Asia Pacific, foot and ankle products represent one of the fastest growing segments, enjoying an annual average growth rate of over 7.9%. Increasing incidences of food and ankle injuries coupled with rising demand for orthopedic products support the segment growth in this region.
Key Vendor Takeaway
Companies namely, DeRoyal Industries, Inc., DJO Global, Inc., Breg, Inc., Bauerfeind AG, and Alcare Company Ltd. are analyzed in detail. The global market is largely controlled by these players even though the market share of small players is noticeable too. Key players are concentrating on providing cost effective and innovative solutions to their customers to capture the untapped market. For instance, in March 2017, DJO Global, Inc., launched OA Reaction TriFit Knee brace, which is designed to provide pain relief to patients who are suffering from the degenerative joint disease that affects over 11.0 million U.S. population.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 & 2016
- Base Year – 2017
- Estimated Year – 2018
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Hospitals
- Government and Regional Agencies and Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCTS
- Foot and Ankle
- Knee
- Upper Extremity
- Others
MARKET, BY APPLICATION
- Hospitals
- Orthopedic Clinics
- Others
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Rest of Europe
- Asia Pacific
- India
- China
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
TABLE OF CONTENT
1. ORTHOPEDIC BRACES AND SUPPORT SYSTEMS MARKET OVERVIEW
1.1. Study Scope
1.2. Base Year
1.3. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. ORTHOPEDIC BRACES AND SUPPORT SYSTEMS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. ORTHOPEDIC BRACES AND SUPPORT SYSTEMS INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. ORTHOPEDIC BRACES AND SUPPORT SYSTEMS MARKET LANDSCAPE
5.1. Market Share Analysis
6. ORTHOPEDIC BRACES AND SUPPORT SYSTEMS MARKET – BY PRODUCTS
6.1. Overview
6.2. Foot and Ankle
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Knee
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Upper Extremity
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.5. Others
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. ORTHOPEDIC BRACES AND SUPPORT SYSTEMS MARKET – BY APPLICATION
7.1. Overview
7.2. Hospitals
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Orthopedic Clinics
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Others
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. ORTHOPEDIC BRACES AND SUPPORT SYSTEMS MARKET– BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.3. U.S.
8.2.3.1. Overview
8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.4. Canada
8.2.4.1. Overview
8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3. Europe
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.3. France
8.3.3.1. Overview
8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.4. Germany
8.3.4.1. Overview
8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.5. Rest of Europe
8.3.5.1. Overview
8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.3. China
8.4.3.1. Overview
8.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.4. India
8.4.4.1. Overview
8.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.5. Rest of APAC
8.4.5.1. Overview
8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.3. Latin America
8.5.3.1. Overview
8.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.4. Middle East and Africa
8.5.4.1. Overview
8.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9. KEY VENDOR ANALYSIS
9.1. DeRoyal Industries, Inc.
9.1.1. Company Overview
9.1.2. SWOT Analysis
9.1.3. Key Developments
9.2. DJO Global, Inc.
9.2.1. Company Overview
9.2.2. SWOT Analysis
9.2.3. Key Developments
9.3. Breg, Inc.
9.3.1. Company Overview
9.3.2. SWOT Analysis
9.3.3. Key Developments
9.4. Bauerfeind AG
9.4.1. Company Overview
9.4.2. SWOT Analysis
9.4.3. Key Developments
9.5. Alcare Company Ltd.
9.5.1. Company Overview
9.5.2. SWOT Analysis
9.5.3. Key Developments
*Client can request additional company profiling as per specific requirements
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. Abbreviations
11.3. Disclaimer
11.4. Contact Us
List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Orthopedic Braces and Support Systems Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Orthopedic Braces and Support Systems Market, by Product, 2014 – 2025 (USD Billion)
Table 11 Orthopedic Braces and Support Systems Market, by Application, 2014 – 2025 (USD Billion)
Table 12 Orthopedic Braces and Support Systems Market, by Geography, 2014 – 2025 (USD Billion)
Table 13 North America Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 14 U.S. Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 15 Canada Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 16 Europe Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 17 France Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 18 Germany Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 19 Asia Pacific Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 20 China Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 21 India Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 22 Latin America Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 23 MEA Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Value Chain Analysis Analysis
Figure 6 Orthopedic Braces and Support Systems Market, by Product, 2014 – 2025 (USD Billion)
Figure 7 Orthopedic Braces and Support Systems Market, by Application, 2014 – 2025 (USD Billion)
Figure 8 Orthopedic Braces and Support Systems Market, by Geography, 2014 – 2025 (USD Billion)
