Global Orthopedic Braces & Support Systems Market is Estimated to Grow at a CAGR of 4.4%

Date: 2015-08-06

“The global orthopedic braces & support systems market is estimated to grow at a CAGR of 4.4% from 2014 to 2019. The market in the U.S. accounted for the maximum share in the global orthopedic braces & support systems market in 2014. 

Factors, such as rising aging population, rising incidences of sports injuries and road accidents, and others are driving the global orthopedic braces & support systems market. However, increased use of high priced neoprene, high costs associated with orthopedic braces and supports are some of the factors hindering the global orthopedic braces & support systems market

Geographically, the market is divided into four regions, namely North America, Europe, Asia-Pacific and Rest of World (RoW). The market in North America accounted for the largest share of 52.4% in the global orthopedic braces & support systems market in 2014, followed by Europe. It is estimated to grow at a CAGR of 4.8% from 2014 to 2019. 

The report has profiled the leading players of this market along with the strategies (new product launches and partnerships, agreements, collaborations, and joint ventures) adopted by them to sustain and strengthen their position in the global orthopedic braces & support systems market. The key players operating in this market are 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 Inc. (U.S.), Ossur (Iceland), Ottobock (Germany), and BSN Medical (Germany), among others.

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