Press Releases
 
Orthopedic Braces & Support, Casting & Splints Market : Company Analysis And Forecast To 2024

, 19 May 2017 -- The orthopedic braces and support, casting and splints are finding takers fast owing to patients increasingly seeking better quality of life. This coupled with increasing number of sports injuries has provided a substantial fillip to the market.

The orthopedic braces & support, casting & splints market is extremely fragmented owing to the prevalence of numerous players in different strata of the market, states Transparency Market Research (TMR) in a research report. The market is highly competitive with a large number of global and small local players functioning. In order to establish a firm hold in the global orthopedic braces and support, casting and splints market, distributors across the globe are joining forces with several small manufacturers and are focusing on offering off label merchandises with high margin. The top-drawer companies operating in the market are 3M, Össur Corporate, BSN medical GmbH, DeRoyal Industries, Inc., DJO Global, Orfit Industries n.v., Spencer Italia S.r.l., Prime Medical Inc., Styler Corporation, and Zimmer Biomet Holdings Inc. All the companies operating in the market are focusing on growth through acquisitions and are also concentrating on product portfolio expansion.


Obtain Report Details @ http://www.transparencymarketresearch.com/orthopedic-braces-support-casting-splints-market.html

The global market for orthopedic braces and support, casting and splints is projected to rise at a 6.4% CAGR between 2016 and 2024. In 2015, the market was worth US$4.6 bn and is poised to reach a valuation of US$7.9 bn by the end of 2024.

Orthopedic Braces & Support most Preferred Globally

According to a TMR analyst, “The orthopedic braces & support is expected to account for the leading share of 58.4% in 2024.” Sizeable number of people wear braces and many more still need to make their daily life comfortable and adjust deformed teeth formation. Nevertheless, companies are continuously working on material and technology to provide braces as per requirement of the patient. This in turn is expected to fuel the progress of the orthopedic braces and support segment in the next couple of years. Amputation of a limb can be triggered by various reasons such as hereditary limb deficiency, vascular disease, cancer, or accident. Changes in lifestyle are making an individual more prone to these calamities. This is expected to drive the orthopedic braces and support segment between 2016 and 2024.

Region-wise, North America led the global orthopedic braces and support, casting and splints market in the past and is likely to continue this trend with a share of 38.2% in 2024. It is expected to be closely trailed by Europe and Asia Pacific in the exact order. Factors such as rising demand for orthopedic knee support braces in the U.S., increasing sports injuries, and companies focusing on complete service delivery for enhanced popularity.

Fill The Form To Gain Deeper Insights On This Market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15959

Geriatric Population to be Important Consumer of Products
Incessant growth in the global geriatric population is one of the primary reasons behind the rising consumption of orthopedic braces and support and casting and splints. Bone disorders such as arthritis, back pain, and osteoporosis are common problems globally. With advancement of age, cartilage is prone to strain and fatigued due to less water content. This leads to arthritis and cushioning at the joints which requires casts, splints, or braces. Additionally, other connective tissues such as ligaments attached to the bones, become less flexible and more constrained, which is expected to drive demand for casts, splints, and braces among the geriatric population. Sports injuries are expected to drive the foot & ankle devices market during the forecast period. According to a study by the American Academy of Orthopedic Surgeons (AAOS), about 25% of sports injuries were associated with lower limits such as foot and ankle. Severe bone wounds have been reported recently among experts as well as unprofessional sportsmen. However, unfavorable reimbursement policies and high-costs associated with the materials used are likely to restrain the growth of the market in the coming years.

About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

# # #


Media Contacts:
Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

Submitted by Sandy Researcher, Transparency Market Research on Friday, 19 May 2017 at 6:21 PM
Category: Health Care & Medical
 
Related News

Knee Pain Specialists In Frisco, TX
Saturday, 27 May 2017

Neuroblastoma Therapeutics Pipeline Analysis, 2017 - Clinical Trials & Results, Patent and Other Dev
Saturday, 27 May 2017

Myocardial Infarction Therapeutics Pipeline Analysis 2017
Saturday, 27 May 2017

Global Surgical Stapling Devices Market Trends & Industry Forecast by 2016 - 2024
Friday, 26 May 2017

Global Outlook for Combined Angiography Market By Key Trends and Analysis 2024
Friday, 26 May 2017

Related Events

European Human Genetics Conference 2017
Sunday, 28 May 2017

euroPLX 64 Vienna Pharma Partnering
Monday, 29 May 2017

Strengthening Dementia Strategy
Tuesday, 30 May 2017

Reshaping the Workplace
Tuesday, 30 May 2017

2017 Vascular Annual Meeting | Society for Vascular Surgery
Wednesday, 31 May 2017

Latest News

France Travel Guidance For Any Traveler Going To France
Monday, 29 May 2017

Hebei Meite Boxing Auto Parts Manufacture Co. Ltd Presenting Metal Stamping Manufactured Products
Monday, 29 May 2017

Skiing For the duration of Austria Travel
Monday, 29 May 2017

Top Five Reasons to Pay a visit to Czech Republic
Monday, 29 May 2017

Zhejiang Mandexi Electric Equipment Co. Ltd launches power transmission & distribution equipments
Monday, 29 May 2017

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2017
Today is Monday, 29 May 2017

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Children’s Season at the National Museum
  • Gold Ore Crusher Structure and Performance
  • 4 Step Guide to Selecting Your Perfect Corporate Gift idea
  • European Human Genetics Conference 2017
  • euroPLX 64 Vienna Pharma Partnering

  • Latest Jobs
  • London Investment Property
  • We Are Hiring A Content Manager!