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Bracing and Supports Market Size By Application, Industry Analysis Report, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030

ID : MRU_1820 | Date : Jan, 2023 | Pages : 192 | Region : Global

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Bracing devices are orthopedic appliances used to align, support and hold structural and functional characteristics of the musculoskeletal system. These devices offer safeguard to various orthopedic joints for prophylactic, post-trauma and post-surgery uses, and also help in increasing mobility for people suffering from a wide range of musculoskeletal problems. Bracing and support devices include bracing products for the upper and lower extremities such as ankle, kneel, elbow, lumbar back and wrist. Bracing devices are extremely effective at improving musculoskeletal manifestations as a part of the treatment and management program. Bracing and support appliances fall into class I FDA medical devices category since most of these devices are used externally.
Arthritis and trauma patients are the major consumers of orthopedic braces. Furthermore, rising population of geriatric individuals and the corresponding risk of musculoskeletal disorders such as osteoarthritis, osteoporosis and related fractures mainly drive the global orthopedic braces and supports market. Increasing sporting activities and respective rise in incidence of sports injuries and trauma also contribute to the growth of this market. Also, use of braces such as elbow and ankle braces by sportsmen as a preventive measure has led to growth in demand for these products in the market.
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.
The Global Bracing and Supports Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023-2030.
As the report focuses on global Bracing and Supports Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.

in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.

In Market segmentation by manufacturers, the report covers the following companies-
Biomet
Bledsoe
DeRoyal
Ossur
Bauerfeind
Breg
Cramer Products
Orthomerica
Swede-O
Xback Bracing

In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types covers:
Knee Braces & Supports
Foot and Ankle Braces & Supports
Spinal Orthoses
Upper Extremity Braces & Supports

In Market segmentation by applications :
Ligament Injury
Preventive Care
Osteoarthritis

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Bracing and Supports Market for the forecast period 2023-2030?
• What are the driving forces in the Bracing and Supports Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Bracing and Supports industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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