(EMAILWIRE.COM, April 27, 2018 ) The global orthopedic braces market is projected to reach USD 4.93 Billion by 2022 from USD 3.76 Billion in 2017, at a CAGR of 5.6%. The development of specialized orthopedic bracing and support products, increased off-the-shelf and online product sales, and product promotion & branding initiatives undertaken by major product manufacturers are the key factors driving the growth of the market.

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This report broadly segments the orthopedic supports market into product, type, application, end user, and region. On the basis of product, the market is categorized into lower extremity and upper extremity braces and supports. In 2017, the lower extremity braces and supports segment is expected to account for the largest share of the market. It is also expected to register the highest CAGR during the forecast period due to growing prevalence of obesity & diabetes and higher prevalence of orthopedic disorders and diseases.

On the basis of type, the market is categorized into soft & elastic, hinged, and hard & rigid braces and supports. In 2017, the soft & elastic braces and supports segment is expected to account for the largest share of the market. It is also expected to register the highest CAGR during the forecast period due to greater adoption among medical professionals and patients owing to its physical comfort & convenience and increasing participation in sports and related activities.

Based on application, the market is categorized into five segments, namely, preventive care, ligament injury, post-operative rehabilitation, osteoarthritis, and other applications (osteoporosis, Paget’s disease, and spinal degenerative conditions). In 2017, the ligament injury segment is expected to account for the largest share of the market, owing to growing availability of medical reimbursement for the treatment of ligament injuries and public awareness related to the clinical benefits of these products in the effective clinical management of ligament injuries

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Based on end user, the market is segmented into four segments, namely, hospitals, orthopedic clinics, over-the-counter (OTC) platforms, and other end users such as research & academic institutes and contract research organizations (CROs). In 2017, the orthopedic clinics segment is expected to account for the largest share of the market due to significant rise in road accident injuries and higher availability of orthopedic braces and supports through e-commerce online sales & off-the-shelf.

This report covers the market across four major geographies, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). Of the four geographic regions studied in the report, North America is expected to command the largest share of the market in 2017 owing to the favorable medical reimbursement scenario & availability of insurance for major orthopedic bracing procedures and expansion of target patient population (especially osteoporosis and osteoarthritis patients as well as those suffering from musculoskeletal injuries). However, Asia Pacific is expected to register the highest growth rate during the forecast period due to increasing GDP & healthcare expenditure and growing public awareness about various orthopedic treatments.

Factors such as high adoption of pain medications, limited clinical evidence to support the efficacy of orthopedic braces and supports, and limited patient qualification for bracing-mediated orthopedic treatment are expected to restrain the growth of the market during the forecast period.

The major players in the market are DJO Finance LLC (US), Breg, Inc. (US), Ossur Hf (Iceland), DeRoyal Industries, Inc. (US), Bauerfeind AG (Germany), Otto Bock Holding GmbH & Co. KG (Germany), BSN medical (Germany), medi GmbH & Co. KG (Germany), THUASNE Group (France), and 3M Company (US).

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