Asia-Pacific Orthopedic Braces & Supports System Market is Estimated to Grow at a CAGR of 4.2%

Date: 2015-08-10

“The Asia-Pacific orthopedic braces & supports system market is estimated to grow at a CAGR of 4.2% from 2014 to 2019. Japan accounted for the largest share to the Asia-Pacific orthopedic braces & supports system market in 2014. 

The Asia-Pacific orthopedic braces & supports system market showcases a high growth potential owing to a number of factors such as the rising middle class population, growth in aging population, increasing incidences of sports injuries, rising awareness level, increasing number of road accidents, rising prevalence of comorbid conditions leading to orthopedic disorders or diseases, and presence of online sales and E-commerce platforms for the sale of orthopedic braces and supports. However, increasing use of high priced neoprene and high costs associated with orthopedic braces and supports are some of the key restraining factors for the APAC orthopedic braces & supports system market. 

In this report, the Asia-Pacific orthopedic braces & supports system market is broadly segmented on the basis of products and end users. 

Based on products, the Asia-Pacific orthopedic braces & supports system market is segmented into knee braces and supports, foot & ankle braces and supports, spinal orthoses, and upper extremity soft goods. The end-user market is further segmented into orthopedic clinics, hospitals, and other end users.

Based on geography, the market is segmented into Japan, China, India, the Republic of Korea, Australia, and New Zealand. Japan accounted for the largest share of 28.1% of the Asia-Pacific orthopedic braces & supports systems market in 2014, followed by China. The market in Japan is estimated to grow at a CAGR of 4.3% during the forecast period from 2014 to 2019. 

This report includes profiles of the leading players in this market. Some of these key players include Biomet, Inc. (U.S.), Bledsoe Brace Systems (U.S.), Bauerfeind AG (Germany), Breg, Inc. (U.S.), Chase Ergonomics (U.S.), DeRoyal Industries, Inc. (U.S.), DJO Global (U.S.), Ossur (Iceland), Ottobock (Germany), and Zimmer, Inc. (U.S.).

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