Orthopedic Braces and Support Systems Market Worth 4.3 Billion USD by 2020

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Orthopaedic Braces and Support Systems Market
Worth 4.3 Billion USD by 2020
www.MarketsandMarkets.com
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According to a new market research report
"Orthopedic Braces Supports Market by Product
(Knee Braces, Foot Ankle Braces, Spinal
Orthoses, Upper Extremity Braces), by End User
(Orthopedic Clinics, Over the Counter, Hospitals
and Others), by Geography - Global Forecast to
2020 ", published by MarketsandMarkets, The
Orthopedic Braces and Support Systems Market is
expected to reach around 4.3 Billion USD by 2020,
at a CAGR of 5.0 from 2015 to 2020.
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Browse 54 market data Tables and 39 Figures
spread through 114 Pages and in-depth TOC on
"Orthopedic Braces Supports Market http//www.
marketsandmarkets.com/Market-Reports/orthopedic-br
aces-support-market-24806829.html Early buyers
will receive 10 customization on
reports.  Orthopedic braces and supports are
devices that are used to support and strengthen
muscles and joints. These are used in prophylaxis
of injury and patient care settings, right from
the emergency room through the hospitalization
period to rehabilitation and after care. In this
report, the global orthopedic braces supports
market has been analysed and segmented based on
type, end-user, and region. This market has also
been analyzed with an explicit focus on the
high-growth type and fastest-growing market
segments. The report analyzes the competitive
developments, such as new product launch, joint
venture, and merger acquisition in the global
orthopedic braces market.
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Based on the condition for which these braces
supports are used, orthopedic braces supports
are segmented in four types, namely, knee braces
and supports, foot and ankle braces supports,
spinal orthoses, and upper extremity braces and
supports. The knee braces supports segment
accounted for the largest share of 42.5 of the
market in 2014 and was valued at 1.4 billion in
the same year. According to National Institute
of Health (NIH), in 2010 approximately 524
Million people across the globe were registered
to be within the age group of 65 years or above,
representing 8.0 of the global population. By
2050, this number is expected to rise threefold
and reach 1.5 Billion, representing 16.0 of the
global population. Thus, the incidence rate of
various diseases, especially the disorders and
diseases related to bones, is expected to
increase. The prevalence of other comorbidities
associated with aging population, such as
osteoarthritis, diabetes, obesity, and
osteoporosis also contribute to the increase in
the patient pool for the global orthopedic braces
support system, thereby driving the growth of
the market.
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Based on end users, the global orthopedic braces
supports system market has been segmented into
orthopedic clinics, over-the-counter (OTC),
hospitals, and other end users. Among all
end-users, the sale of orthopedic braces
supports over the counter is expected to increase
in the coming years. According to federal
government of the U.S., the cost for undergoing
orthopaedic surgeries has been growing in the
recent years, and is expected to grow by 60 by
2020. In the recent years, a large number of
populations are opting for recreational and sport
activities. Orthopedic braces are used by this
population to prevent any sports injuries. These
braces are readily available in pharmacies and
can be sold over-the-counter. Some of the major
players in the Orthopedic Braces Supports
Market globally include Bauerfeind AG (Germany)
Breg, Inc. (U.S.) DeRoyal Industries, Inc.
(U.S.), DJO, LLC (U.S.), Ossur (Iceland),
Ottobock (Germany), and BSN Medical (Germany),
among others. A complete brochure for this
report is available _at_ http//www.marketsandmarkets
.com/pdfdownload.asp?id24806829
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Browse Related Reports  Sports Medicine Market
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