Orthopedicbraces and supports are designed to protect, support, and correct injuries;these are predominantly used in injury rehabilitation, injury prevention,osteoarthritic care, and post-operative care, among others. Based on the condition for which these areused, orthopedic braces & supports are segmented in four types, namely,knee braces and supports, foot and ankle braces & supports, spinalorthoses, and upper extremity braces and supports.

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The knee braces& supports segment accounted for the largest share of 42.5% of the market in2014, and was valued at 1.4 billion in same year. The segment is expected to dominatethe market, and grow at the highest CAGR of 4.6% from 2015 to 2020. However,the foot and ankle braces & supports segment is expected to grow at a CAGRof 5.8% from 2015 to 2020.

Based on end users,the global orthopedic braces and supports system market is segmented intoorthopedic clinics, over-the-counter (OTC), hospitals, and other end users. In2014, the orthopedic clinics segment accounted for the largest share, followedby the OTC segment. The large share of the orthopedic clinics segment can beattributed to the fact that patients with painful conditions, such asosteoporosis, osteoarthritis, ankle arthritis, sprains, strains, cartilagetears, and fractures prefer consulting orthopedicians rather than directlyvisiting hospitals. There is a growing demand from clinicians for braces andsupports that are injury- or surgery-specific, especially for knees, ankles,and shoulders. Patients with chronic pain conditions generally visit hospitals toundergo surgeries for osteoarthritis, ankle arthritis, and fractures.Orthopedic braces and supports are prescribed post-surgery, as they help inkeeping bones in position, allowing limited movement and faster healing. Theother end users segment comprises gyms/health clubs, sports academies/outlets,pharmacy outlets, emergency centers, and trauma centers.

North Americadominated global orthopedic braces & supports systems market followed byEurope, Asia-Pacific, and rest of the world. North America accounted for 42.7% shareof the global market in 2014, and the market in the region was valued at 1.4billion in same year. The major drivers for the growth of this market includethe region’s better reimbursement policies for orthopedic treatment, increasedaffordability, and higher adoption of upcoming technologies such as MIS andorthobiologics solution.

The U.S. is thelargest market and contributed a share of more than 95% to the market in thisregion. The growth of the U.S. orthopedic braces & supports systems marketis mainly driven by the increase in the aging population in the region. Well-definedreimbursement process for orthopedic procedures, presence of well-structureddistribution channels, and popularity among the young population for preventivecare are other key factors expected to drive the growth of the market in theregion.

Population abovethe age of 65 years constituted about 14% of the total North Americanpopulation in 2014. This figure is expected to increase by 20% and exceed 56million by 2030. Since this population is more prone to osteoarthritis and bonefracture, the rapid increase in the aging population in North America isanticipated to lead to increased demand for the orthopedic treatments andimplants in the region.

In 2014, Asia-Pacific(APAC) contributed a share of 14.1% to the global orthopedic braces &supports systems market, which can be attributed to the low cost of productionin the region. The major markets in this region include China, Japan, Korea,Malaysia, and India. Japan is the largest market for orthopedic braces andsupport products and contributed more than 70.0% to the Asian orthopedics braces& supports systems market in 2014. Majority of the products are importedfrom the U.S. and European countries, including Germany, the U.K., Italy,Switzerland, and France. Only the Japanese and South Korean markets are maturein terms of advanced orthopedic braces treatments.

Major playersoperating in the global orthopedic braces & supports market include BauerfeindAG (Germany) Breg, Inc. (U.S.) DeRoyal Industries, Inc. (U.S.), DJO, LLC(U.S.), Ossur (Iceland), Ottobock (Germany), and BSN Medical (Germany).

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