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Orthopedic Braces and Supports Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 4591664
  • Report
  • February 2020
  • Region: Global
  • 120 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • 3M Healthcare
  • Alcare Company Ltd.
  • Bauerfeind AG
  • BSN Medical Gmbh
  • DJO Global Inc.
  • FLA Orthopedics, Inc.
  • MORE
The bone fracture of any form often leads to using of orthopedic braces and support systems to develop the immobilization of the patient’s fractured part. Fractures, such as osteoporotic vertebral fracture, which is among the most severe forms of osteoporotic fractures, leads to wide usage of braces, such as TLSO (Thoracic Lumbar Sacral Orthosis).

As per a publication in the American Academy of Orthopedic Surgeons (AAOS), each year more than 700,000 men and women suffer from the spinal compression fracture. According to the International Osteoporosis Foundation (IOF), globally, about 8.9 million fractures happen annually, which affects a high percentage of women above the age of 50 years. In addition, the lifetime risk for the hip, forearm, and vertebral fractures are reaching clinical attention about 40% globally, which has an equivalent risk compared to cardiovascular disease.

In developed markets, the increasing disposable income and better adoption rate of new technologies in the hospitals and orthopedic centers are leading to early diagnosis and demand for orthopedic braces and support systems, thus, becoming one of the primary driving factors for this market.

Key Market Trends

Ankle and Foot Braces are Expected to Witness Healthy Growth Over the Forecast Period

The ankle and foot fractures are among the most commonly diagnosed forms of trauma, which are managed under the orthopedic teams, globally. The long-term consequences and complications are significantly characterized by pain and disability, physical, psychological, and social factors into consideration. The stress fractures due to overuse and repetitive activity in the ankles and feet are very common among the athletes, including running sports. The initial strategies include refraining from high impact activities while returning quickly increases the risks of complete fractures.

The cost-effectiveness of these braces for several kinds of orthopedic complications such as sprains, fractures, and traumatic injuries, along with increasing sports injuries are among the primary factors for driving this segment growth. The major challenge associated is finding the right fit or tailoring brace selection, as per the age of a patient with another morbidity, such as obesity or diabetes. In addition, long-term use causes gait disturbances, knee pain, and low back pain.

United States Dominates the Market

The United States is among the largest medical device market, owing to both imports and exports business in the country, where the cardiovascular devices segment has the largest business followed by the orthopedics medical devices segment. The market dynamics differ greatly, depending upon the device, which is being used.

The major players are shifting toward the adoption of 3D printing capabilities while partnering with specialty technology companies, and further, merger and acquisition possibilities to expand, globally. The region has a number of small and medium-sized manufacturers in orthopedics, along with startups, which are attracting global players to invest in the US orthopedics devices segment. Therefore, the US is believed to have a significant share in the market studied.

Competitive Landscape

The market studied is moderately competitive and consists mostly of international companies. The key players in this market are focusing on new product launches and implementing strategies such as merger and acquisition which will help the companies to expand across various geographies. With increasing technological advancements in the devices, it is believed that few innovation companies will be entering the market in the near future and hold a substantial share.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format.
  • Report customization as per the client's requirements.
  • 3 months of analyst support.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M Healthcare
  • Alcare Company Ltd.
  • Bauerfeind AG
  • BSN Medical Gmbh
  • DJO Global Inc.
  • FLA Orthopedics, Inc.
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in Bone Facture Cases
4.2.2 Rise in Musculoskeletal Disorders
4.2.3 Growing Number of Road Accidents and Sport-Related Injuries
4.3 Market Restraints
4.3.1 Negligence Toward Minor Injuries
4.3.2 Lack of Awareness Regarding the New Orthopedic Braces and Support
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By Product
5.1.1 Lower Extremity Braces and Supports
5.1.1.1 Ankle & Foot
5.1.1.2 Hip
5.1.1.3 Knee
5.1.2 Spinal Braces and Supports
5.1.3 Upper Extremity Braces and Supports
5.1.3.1 Elbow
5.1.3.2 Hand & Wrist
5.1.3.3 Others
5.2 By End-User
5.2.1 Hospitals
5.2.2 Orthopedic Centers
5.2.3 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle-East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles
6.1.1 BSN Medical Gmbh
6.1.2 3M Healthcare
6.1.3 DJO Global Inc.
6.1.4 OSSUR
6.1.5 Otto Bock Healthcare
6.1.6 Zimmer Biomet
6.1.7 Bauerfeind AG
6.1.8 Alcare Company Ltd.
6.1.9 FLA Orthopedics, Inc.
6.1.10 Frank Stubbs Company, Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • BSN Medical Gmbh
  • 3M Healthcare
  • DJO Global Inc.
  • OSSUR
  • Otto Bock Healthcare
  • Zimmer Biomet
  • Bauerfeind AG
  • Alcare Company Ltd.
  • FLA Orthopedics, Inc.
  • Frank Stubbs Company, Inc.
Note: Product cover images may vary from those shown
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