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Orthopedic Braces and Support Systems Market, By Product (Foot and Ankle, Knee, and Upper Extremity) and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

111 Pages | Published Date : 16 / 03 / 18  | Report Code: AV162 | Report Format: PDF

REPORT HIGHLIGHT

The orthopedic braces and support systems market is estimated to represent a global market of USD 3.87 billion by 2017 with growth rate of 4.7%.

Market Dynamics

Orthopedic braces and support systems are mainly used to stabilize, support and protect musculoskeletal issues that include congenital conditions, traumatic injury, or disabling illness. Increasing incidences of orthopedic injuries is driving the market growth significantly. For example, according to the Centers for Disease Control and Prevention (CDC), more than 54.4 million people are diagnosed with arthritis in the U.S. during the year 2013-2015. The organization also estimated that, more than 78 million (26% of total population) will diagnose with this condition by 2040. Furthermore, technology advancements and improvement in standard of living has led to a sharp increase in life expectancy.

As a consequence, the proportion of geriatric population, more prone to orthopedic injuries, is significantly increasing. This would in turn create upward demand for products such as orthopedic braces and support systems, augmenting the industry growth to great extent. On the flip side, high cost of these products is expected to pull back the market growth to some extent. For example, the average cost of osteoarthritis NoVel Medial Knee Brace would be in rage of USD 455 – USD 460. Additionally, reimbursement policies of these products are minimal. As a result, out of pocket spending for these product is increased for customers, hence, hampering the market growth.

Product Takeaway

In terms of braces & support products, the market is divided into Foot and Ankle, Knee, Upper Extremity and others. Knee braces and support products accounted for the largest share with USD 1,251 million revenue share in 2017. These products are increasingly used by individuals suffering from joint related disorders such as arthritis, sports players, and knee surgery patients. Trailed closely by foot and ankle products, this segment is expected to witness significant growth rates in future period. By application, the market is categorized into Hospitals, Orthopedic Clinics, and others. Hospital segment is accounted for the largest share of the global industry. Growing number of hospital settings coupled with rising incidence of orthopedic injuries support the growth of this end user application.

Regional Takeaway

Regionally, North America accounted for the largest share of the global market. Growth of this region is primarily attributed to the rising incidences of arthritis due to growing obese and geriatric population. According to Centers for Disease and Prevention 2017 statistics, 23% of overweight and 31% of obese population in the U.S. are diagnosed with arthritis. In Asia Pacific, foot and ankle products represent one of the fastest growing segments, enjoying an annual average growth rate of over 7.9%. Increasing incidences of food and ankle injuries coupled with rising demand for orthopedic products support the segment growth in this region.

Key Vendor Takeaway

Companies namely, DeRoyal Industries, Inc., DJO Global, Inc., Breg, Inc., Bauerfeind AG, and Alcare Company Ltd. are analyzed in detail. The global market is largely controlled by these players even though the market share of small players is noticeable too. Key players are concentrating on providing cost effective and innovative solutions to their customers to capture the untapped market. For instance, in March 2017, DJO Global, Inc., launched OA Reaction TriFit Knee brace, which is designed to provide pain relief to patients who are suffering from the degenerative joint disease that affects over 11.0 million U.S. population.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Hospitals
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCTS

  • Foot and Ankle
  • Knee
  • Upper Extremity
  • Others

MARKET, BY APPLICATION

  • Hospitals
  • Orthopedic Clinics
  • Others

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America
TABLE OF CONTENT

1. ORTHOPEDIC BRACES AND SUPPORT SYSTEMS MARKET OVERVIEW
1.1. Study Scope
1.2. Base Year
1.3. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. ORTHOPEDIC BRACES AND SUPPORT SYSTEMS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. ORTHOPEDIC BRACES AND SUPPORT SYSTEMS INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. ORTHOPEDIC BRACES AND SUPPORT SYSTEMS MARKET LANDSCAPE
5.1. Market Share Analysis
6. ORTHOPEDIC BRACES AND SUPPORT SYSTEMS MARKET – BY PRODUCTS
6.1. Overview
6.2. Foot and Ankle
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Knee
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Upper Extremity
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.5. Others
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. ORTHOPEDIC BRACES AND SUPPORT SYSTEMS MARKET – BY APPLICATION
7.1. Overview
7.2. Hospitals
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Orthopedic Clinics
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Others
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. ORTHOPEDIC BRACES AND SUPPORT SYSTEMS MARKET– BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.3. U.S.
8.2.3.1. Overview
8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.4. Canada
8.2.4.1. Overview
8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3. Europe
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.3. France
8.3.3.1. Overview
8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.4. Germany
8.3.4.1. Overview
8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.5. Rest of Europe
8.3.5.1. Overview
8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.3. China
8.4.3.1. Overview
8.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.4. India
8.4.4.1. Overview
8.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.5. Rest of APAC
8.4.5.1. Overview
8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.3. Latin America
8.5.3.1. Overview
8.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.4. Middle East and Africa
8.5.4.1. Overview
8.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9. KEY VENDOR ANALYSIS
9.1. DeRoyal Industries, Inc.
9.1.1. Company Overview
9.1.2. SWOT Analysis
9.1.3. Key Developments
9.2. DJO Global, Inc.
9.2.1. Company Overview
9.2.2. SWOT Analysis
9.2.3. Key Developments
9.3. Breg, Inc.
9.3.1. Company Overview
9.3.2. SWOT Analysis
9.3.3. Key Developments
9.4. Bauerfeind AG
9.4.1. Company Overview
9.4.2. SWOT Analysis
9.4.3. Key Developments
9.5. Alcare Company Ltd.
9.5.1. Company Overview
9.5.2. SWOT Analysis
9.5.3. Key Developments
*Client can request additional company profiling as per specific requirements
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. Abbreviations
11.3. Disclaimer
11.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Orthopedic Braces and Support Systems Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Orthopedic Braces and Support Systems Market, by Product, 2014 – 2025 (USD Billion)
Table 11 Orthopedic Braces and Support Systems Market, by Application, 2014 – 2025 (USD Billion)
Table 12 Orthopedic Braces and Support Systems Market, by Geography, 2014 – 2025 (USD Billion)
Table 13 North America Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 14 U.S. Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 15 Canada Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 16 Europe Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 17 France Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 18 Germany Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 19 Asia Pacific Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 20 China Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 21 India Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 22 Latin America Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)
Table 23 MEA Orthopedic Braces and Support Systems Market, 2014 – 2025 (USD Billion)

List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Value Chain Analysis Analysis
Figure 6 Orthopedic Braces and Support Systems Market, by Product, 2014 – 2025 (USD Billion)
Figure 7 Orthopedic Braces and Support Systems Market, by Application, 2014 – 2025 (USD Billion)
Figure 8 Orthopedic Braces and Support Systems Market, by Geography, 2014 – 2025 (USD Billion)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• In-depth analysis of the key market dynamics
• Granular analysis of the current market scenario and expected factors to affect the market
• Detailed analysis of the geographic region, regional and county wise analysis
• Highlight on the strategies that are being adopted by the key players in this market to stay competitive
• Extensive analysis of the key players dominating the market

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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