Global Bracing and Supports Market 2015-2019 - New Report Available

From: Fast Market Research, Inc.
Published: Fri Sep 04 2015

Braces and supports are devices used to restrict or assist body movement, reduce weight-bearing forces, assist in recovery from fractures after removal of casts, and reduce pain. Orthotics assist in the recovery of affected joints and associated areas, and help them function normally. This, in turn, prevents further degenerative changes in other joints, muscles, and ligaments, and helps reduce pain. These products have evolved to provide a more targeted support, are made from specialized materials, and are intelligently designed.

Technavio's analysts forecast the global bracing and supports market to grow at a CAGR of 4.81% over the period 2014-2019.Commenting on the report, an analyst from Technavio's team said: "One major trend in this market is braces and supports involve varying levels of complexity in structure and can require some effort to put on and take off. The market is witnessing the development of pliable braces in accordance with customer requirements and with a simplified user interface."

According to the report, one key driver of this market is consumers have been spending an increasing amount of time in front of mobile devices, PCs, and TVs. Also, as health awareness grows, people are involved in sporting activities that may result in muscular injuries.

Further, the report states that one of the major challenges is alternative treatment options such as orthopedic surgeries and drugs are substitutes to braces and supports. Orthopedic surgeries, such as arthroscopy, cartilage grafting, endoscopic carpal tunnel release, and tibial are performed to treat musculoskeletal trauma, sports injuries, degenerative conditions, and congenital disorders.

The key players in the Global Bracing and Supports Market are Biomet, Bledsoe, DeRoyal, DJO Global and Ossur while other prominent vendors include Bauerfeind, Breg, BSN, Cramer Products, DePuy Synthes, Frank Stubbs, Hanger, Orthomerica, Swede-O, and Xback Bracing.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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