Key Players of the Asia-Pacific Orthopedic Braces and Supports System 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 (U.S.).
(PRWEB) April 13, 2015
The Asia-Pacific orthopedic braces & supports system market was valued at $760.9 million in 2014 and is estimated to reach $933.2 million by 2019, at a CAGR of 4.2% from 2014 to 2019.
Browse through the TOC of Asia-Pacific Orthopedic Braces and Supports System Market for an analysis of industry trends, segments & forecasts.
According to the Asian Development Bank (ADB) report, rapidly shifting demographics, declining birth rates, and increasing life expectancies will increasingly shape the economic direction of developing countries in Asia. Asia's elderly population is projected to reach 922.7 million by the middle of this century. As a result, the risk of various diseases/disorders, especially disorders and diseases related to bones, is expected to increase in this region.
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Japan accounted for the largest share of this market in 2014 and is projected to grow at a CAGR of 4.3% from 2014 to 2019.
The Asia-Pacific orthopedic braces & supports system market is segmented based on products, end users, and geography. 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.
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The knee braces and supports segment dominated the market in 2014 and is estimated to reach $381.8 million by 2019. Based on end users, the market is segmented into orthopedic clinics, hospitals, and other end users. The orthopedic clinic segment accounted for the largest share of this market and is estimated to reach $355.8 million by 2019.
This report includes the market share and value chain analyses, and market metrics such as drivers, restraints, and opportunities in the market. In addition, it provides a competitive landscape and company profiles of key players operating in the market.
European Orthopedics Market
The European orthopedic devices market is mainly driven by the aging population and increasing prevalence of rheumatoid and osteoarthritis. The joint reconstruction market is the largest segment of European orthopedic device market.
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