Orthopedic Braces and Supports Market Size and Forecast to 2025
According to Verified Market Intelligence, the Global Orthopedic Braces and Supports Market was valued at USD 3.11 billion in 2016 and is projected to reach USD 4.95 billion by 2025, growing at a CAGR of 5.31% from 2017 to 2025.
What is Orthopedic Braces and Supports?
Orthopedic braces and orthopedic supports are mainly designed to guard, soothe, support and correct the wounds or irregular alignment through a procedure of rehabilitation and recovery. They have numerous functions such as rehabilitation and prevention of the injury, osteoarthritis care, post-operative care, etc.
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Global Orthopedic Braces and Supports Market Outlook
Orthopedic braces and supports are used by the majority of the geriatric population as an aid. In addition, with an increase in the popularity of sports and athletic activities, the number of severe injuries has also increased causing an increase in the demand of the orthopedic braces and support material. However, the availability of other low-cost alternatives has restrained the market to grow.
Global Orthopedic Braces and Supports Market Competitive Landscape
The “Orthopedic Braces and Supports Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Breg, Inc., Össur Hf, Bauerfeind AG, BSN Medical, DJO Finance LLC, 3M Company and Otto Bock Healthcare. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.