A recently published report by QY Research, titled “Global Orthopedic Braces & Support Casting & Splints Market Report, History and Forecast 2014-2025”, to explain the competitive landscape. The report includes details about mergers and acquisitions, new product development, and expansions to generate revenue for the players. The report also studies sales, volume, market share, and the growth strategies that will impact the market over the forecast period of 2019-2025.
According to this report, the global orthopedic braces & support casting and splints market is estimated to grow to US$7890 mn by the end of 2025 from US$5320 mn in the year 2018. The market is expected to register a moderate CAGR of 5.8% between 2019 and 2025.
Global Orthopedic Braces & Support, Casting, and Splints Market: Drivers
The growing prevalence of sports injuries to ankle and foot are expected to drive the growth of the global orthopedic braces, support, casting, & splints market around the world. Rising elderly population and increasing obese population are also boosting the growth of the market. Geriatric population is mainly prone to joint pains due to osteoporosis, arthritis, and other medical conditions. In addition, rising obesity is also expected to cause orthopedic injuries that will require treatment for joints and ligaments. Furthermore, key players are constantly making efforts to use new technologies and materials to enhance braces that serve patient needs. All of these factors will collectively create lucrative opportunities for the market in the coming years.
Global Orthopedic Braces & Support, Casting, and Splints Market: Geographical Analysis
North America is the leading regional market for orthopedic braces & support, casting, and splints with a remarkable market share. This is because of the growing number of population suffering from bone diseases such as osteopenia and osteoporosis. Other factors such as rapidly increasing diagnostic centers s and hospitals in the U.S. and the advent of innovative technologies is expected to result in growth of the regional market. Asia Pacific is also likely to gain lucrative opportunities in the market due to increasing awareness regarding availability of treatment and growing healthcare facilities in emerging economies such as India and China.
Global Orthopedic Braces & Support, Casting, and Splints Market: Segment Analysis
The market is segmented into application and product type. Based on the product type, the global orthopedic braces & support, casting, and splints market includes splinting supplies, braces & support, and casting supplies.
The application segment includes retail pharmacies, hospital, and online sales. Hospital segment is the leading segment in the orthopedic braces & support, casting, and splints market.
Global Orthopedic Braces & Support, Casting, and Splints Market: Leading Manufacturers
Top players operating in the market are Dynamic Techno Medicals, DJO Global, Huici Medical, Ottobock, Truelife, Ossur, Rcai, 3M Company, Aspen, Bauerfeind, Adhenor, DeRoyal, Prime Medical, Medi GmbH & Co., DUK-IN, Zimmer, Tynor Orthotics, Lohmann & Rauscher, BSN Medical, Breg, ORTEC, and THUASNE.
Global Orthopedic Braces & Support, Casting, and Splints Market: Competitive Landscape
DJO Global, a key manufacturer of medical technologies announced that California’s Orthopedic Surgery Specialists has become the first surgical practice in the United States to adopt the DJO’s OaraScore for patient safety. This helps to determine that the patients are medically suitable for joint replacement surgery. Key players are focusing on the new product and technology development to improve their market position in the market to gain bigger revenue shares.
Full Report Overview@ https://www.qyresearch.com/index/detail/1077737/global-orthopedic-braces-amp-support-casting-amp-splints-industry-research-report-growth-trends-and-competitive-analysis-2019-2025