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Global Bracing and Supports Market 2015-2019

  • Published: Aug 2015
  • Pages: 80
  • SKU: IRTNTR6834
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Overview of the global bracing and support market

The global bracing and support market is predicted to grow at a CAGR of around 5% during the forecast period. The high demand for non-invasive treatment is driving the growth of this market.

An increase in the sports related accidents is another factor for the growth of the market. In the US, around 4 million children are treated for sports related injuries every year, and this number is expected to rise in the coming years. Knee braces account for the largest share of the US market. Sedentary lifestyles are also a major source of musculoskeletal disorders like carpal tunnel syndrome, which has further supported the growth of the market.

Segmentation of the global bracing and support market by geography

  • North America
  • APAC
  • Europe
  • ROW

North America accounts for nearly 50% of the market share and is predicted to retain its market share until the end of the forecast period.  The bracing and support market is driven by the increase in sports-related injuries within the region. Another factor for the growth is the adoption of an active lifestyle by the aging population that leads to a higher incidence of fractures, and injuries. The US, Canada and Mexico were the biggest markets during 2014, in this region.

Japan and China are the largest markets in the APAC region and India is predicted to be the emerging market. The market in Europe is expected to see a slow growth during the forecast period, as a result of the ongoing Euro crisis.

Vendor landscape of the global bracing and support market

Vendors in the market compete on the basis of factors such as cost, quality, and fit of the product. Vendors are constantly incorporating new technologies in their products to stay ahead of the competition. For instance, DeRoyal's spinal bracing systems are integrated with the Boa Technology to provide a better fit and adjustability to the end-users.

The leading players in the market include: -

  • Biomet
  • Bledsoe
  • DeRoyal
  • DJO Global
  • Ossur

Other prominent vendors in the market include Bauerfeind, Breg, BSN, Cramer Products, DePuy Synthes, Frank Stubbs, Hanger, Orthomerica, Swede-O, and Xback Bracing.

Key market trend: Growth in e-commerce sales

Changes in shopping patterns and decreasing profit margins are causing vendors in the bracing and support market to offer their products on websites, e-commerce sites, and pharmaceutical sites. Companies like Walmart have started offering braces for individual customers. As consumers are turning to digital channels to compare products, and make informed buying decisions, vendors are mining the opportunity to create brand awareness and provide cost effective solutions.

Other sections of the report include an analysis of the following

  • Market assessment and opportunities of the global bracing and support market
  • Market drivers, trends and challenges in the bracing and support market
  • Five forces analysis of the global bracing and support market
  • Vendor analysis and key offerings

Related reports:

Read More Read Less

PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Global bracing and supports market
Market size and forecast
Five forces analysis
PART 06: Geographical segmentation
Global bracing and supports market by geography
Bracing and supports market in North America
Bracing and supports market in APAC
Bracing and supports market in Europe
Bracing and supports market in ROW
PART 07: Key leading countries
US
Japan
Germany
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
Market share analysis 2014
Other prominent vendors
PART 14: Key vendor analysis
Bledsoe Brace
DeRoyal Industries
DJO Global
Ossur
Zimmer
PART 15: Other Prominent Vendors
Bauerfeind
Breg
BSN medical
Cramer Products
DePuy Synthes
Frank Stubbs Company
Hanger
Orthomerica Products
Swede-O
Xback Bracing Services
PART 16: Other Reports in this Series
PART 17: Appendix
List of abbreviation

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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