The Asian Orthopedic braces and support systems market is estimated to grow to around $416.5 million by 2018 - New Report by MicroMarket Monitor

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Asian Orthopedic braces and support systems market is anticipated to spur with rising income levels and awareness about the invasive surgery procedures

MicroMarket Monitor

MicroMarket Monitor

Key Players in the Asian Orthopedic braces and support systems are Aircast, Inc., Bauerfeind, Inc., Becton Dickinson, Beiersdorf Inc. & Royce Medical.

The Asian Orthopedic braces and support systems report defines and segments the concerned market in Asia with analysis and forecast of revenue. The Orthopedic braces and support systems market in Asia is estimated to grow to around $416.5 million by 2018, at a developing CAGR of 4.4% from 2013 to 2018.

Browse through the TOC of the Asian Orthopedic braces and support systems market, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of orthopedic braces and support systems market in the same region, and is supported by various tables and figures.

The orthopedic braces and support systems are used as the support to knee, ankle, spine and other joints after the surgical procedures or to support injured joints. These support systems facilitate healing post surgery and injury, and reduce pain by restricting undesired movement of the muscle and soft tissue.

The major factors driving growth in the Asian region is the increase in the region’s middle class population as well as their purchasing power to afford better treatment methods. In addition, along with the ageing population, the growing patient awareness to undergo this treatment for better and active lifestyle has fueled the market growth. Also, less invasive surgery procedures are the USP for this market.

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The Asian market is also known for low-cost production and this trend applies to the orthopedic devices industry as well. In addition, technological advancements, rising incidences of road accidents and rising participation in sports has augmented the market growth remarkably. The major markets in this region include China, Japan, and India. Japan is the largest market for orthopedic products, orthopedic braces and support systems market, contributing 40% to the market in 2014.

This market is segmented and forecast on the basis of various types of products, namely, Ankle Braces & Support, Knee Braces& Support, Spinal orthosis, Upper Extremity Braces, and Wrist Braces. The market is further segmented and forecast on the basis of major countries, such as the Japan, China, and India. The market is also segmented and analyzed further on the basis of the end users.

Early buyers will receive 10% customization on this report.

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.

Related Reports :
North American Orthopedic Braces & Support Systems Market
The number of individuals at risk for osteoporosis is estimated to increase in the coming years, leading to a corresponding growth in the use of assistive devices such as orthopedic braces and supports. The North American Braces & Support Devices Market is mainly driven by aging population and increasing incidences of osteoporosis and arthritis.

The report “North American 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.

European Orthopedic Braces & Support Systems Market
The knee bracing and supports market is expected to be the largest segment, but overall growth will be driven by the spinal orthosis and pain management markets. The spinal orthosis segment is particularly fast-growing due to the strong correlation between aging population and the incidences of lower back problems that may require spinal orthoses to prevent further injury or control stability post-surgery.

Both the markets have been witnessing the maximum growth because of increase in patient pool and procedure numbers of spine and knee osteoarthritis and rheumatoid arthritis. Active baby boomer population depends largely on orthopedic braces. Sedentary and obese population contributes to greater incidence of osteoarthritis and higher market revenue. Rise in sport injuries plays a major role in fueling revenue growth. Manufacturers’ promotion of braces and supports for prophylactic and performance-enhancing benefits boosts market revenue, Increase in diabetic-related ailments contribute to strong growth in walkers, foot and ankle braces, and soft-goods.

Geographically, the European Braces & Support Devices Market is segmented into U.K., Germany, France, Italy, Spain and Rest of Europe.

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MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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