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U.S. Orthopedic Braces and Supports Markets
Frost & Sullivan, Sep 2006
This research service examines the orthopedic braces and supports markets in the U.S. in 2005. The objective of this study is to evaluate the present state of these markets and present a forecast and analysis of the units, pricing and revenues. The forecast period is from 2006 to 2012, with a base year of 2005. The segment also identifies the key challenges and major market trends and competitve analyses.
This Frost & Sullivan research service entitled U.S. Orthopedic Braces and Supports Markets provides an overview of the various types of orthopedic braces and supports, along with a complete analysis of key market drivers, challenges and technology trends that are impacting U.S. manufacturers. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: knee, ankle, back, and spinal orthoses markets as well as upper extremity goods, walkers and pain management markets.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this analysis:
- Knee Braces
- Ankle Braces
- Pain Management
- Walkers Market
- Back Softgoods
- Spinal Orthoses
- Upper Extremity Softgoods
Technologies
The following technologies are covered in this research:
- Shift from non-pneumatic to pneumatic walkers
- Increased use of prophylactic rigid braces
Market Overview
Manufacturers indicate that in recent years, actual organic growth in the U.S. orthopedic braces and supports market has been very low, with the major competitors growing largely through acquisitions that allow them to enjoy improved economies-of-scale and profit margins. These broader product portfolios being created, help major competitors secure larger contracts with group purchasing organizations (GPOs) and other customers who prefer to buy from manufacturers who are a one stop shop. Few companies or product lines have actually been put out of business, but ownership has changed hands. This consolidation has occurred across product lines as well as distribution channels. In a saturated market with often little product differentiation, competitors will define themselves not so much by the products they sell, but by who they sell to. This increased emphasis on the distribution channel has encouraged more competitors to adopt new sales force structures that favor direct salespeople and place less emphasis on manufacturer representatives or strategic distribution partners in the orthopedic surgery market.
The research service examines the effects of the main driving forces and challenges on the orthopedic braces and supports markets in the U.S. The research includes revenue forecasts for the knee, ankle, back, and spinal orthoses markets as well as upper extremity goods, walkers and pain management markets. The total industry is valued at $2.16 billion of which the knee braces segment is the most significant portion. Although driven by higher demand from the aging population and increased incidence of osteoarthritis, the market is growing at a slow pace due to market saturation and lack of significant product differentiation and is leading to significant consolidations within the industry.
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