Key players in the North American Orthopedic Braces & Support Systems Market 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.).
(PRWEB) April 02, 2015
The North American orthopedic braces & support system market report defines and segments the North American market with analysis and forecast of revenue. The North American Orthopedic Braces & Support System is pegged at $1,541.8 million 2014 and is estimated to grow to around $1,911.3 million by 2019, at a developing CAGR of 4.4% % from 2014 to 2019.
Browse through the TOC of North American Orthopedic Braces & Support Systems Market for an analysis of industry trends, segments & forecasts.
Increasing aging population is a main concern in North America. The number of people between the age group of 65 years and above constitutes about 14.0% of the total North American population. This figure is expected to increase by 20.0% by 2030, and will exceed the present number by 56 million. As a result, the risk of various diseases is expected to increase in the country, especially the diseases related to bones.
The market in the U.S. holds largest share in the North American market and is projected to grow at a CAGR of 4.5% from 2014 to 2019.
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This market is segmented and forecasted on the basis of product, and end-user, and geography. Based on product, the North American orthopedic braces & support system market is segmented into knee braces and supports, foot & ankle braces and supports, spinal orthoses, upper extremity soft goods wherein the knee braces and supports segment dominated the market, and is estimated to reach $804.0 million by 2019. The market based on end-user is segmented into orthopedic clinics, hospitals, and other end-users. The orthopedic clinics segment dominated the market, and is estimated to reach $672.4 million by 2019.
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This report also includes the market share, value chain analyses, and market metrics such as drivers, restraints and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market including major companies which are into orthopedic braces & support systems.
European Orthopedic Braces and Support Systems Market
The number of individuals at risk for osteoporosis is estimated to grow in the coming years, leading to a corresponding growth in the use of assistive devices such as orthopedic braces and supports. The European Braces & Support Devices Market is mainly driven by aging population and increasing incidences of osteoporosis and arthritis.
The report “European Braces & Support Devices Market forecast, 2012-2018” analyzes the market of devices by 7 segments such as Wrist Braces Devices, Upper Extremity Braces Devices, Knee Braces& Support Devices, Spinal Orthosis Devices, Cold therapy systems, Disposable pain infusion pumps and Ankle Braces & Support Devices. Most of these markets are expected to experience slow to moderate growth because of aging population, growing prevalence of obesity and osteoarthritis and increasing use of braces as prophylaxis, to prevent sport injuries. All of these segments experienced a positive growth since 2012 with an increased awareness for procedures and sophisticated diagnostic techniques.
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