About Elbow Braces
Elbow braces are used to protect the elbow by preventing its movement altogether in the immediate post-injury or postoperative periods. They are used to reduce edema and pain in the inflammatory phase and to promote repair of the damaged capsule-ligament structures and bone. Elbow braces have merely used by sports persons due to the ring sports accidents. Also, the emergence of low-cost braces, new styles in braces on E-commerce platforms is supplementing the overall growth of the market. Moreover, Rising promotional activities and continuously rising R&D activities by established players can create a new opportunity for the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the thumb braces market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Elbow Braces market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
LP Support (United Kingdom), 3M Company (United States), McDavid (United States), Ossur Hf (Iceland), Bauerfeind AG (Germany), Decathlon S.A. (France), Otto Bock Holding GmbH & Co. KG (Germany), BSN medical (Germany) and Mueller Sports Medicine, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Adidas AG (Germany), NIKE, Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Elbow Braces market by , Application (Men, Women and Kids) and Region.
On the basis of geography, the market of Elbow Braces has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Size, the sub-segment i.e. Small will boost the Elbow Braces market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Retailers will boost the Elbow Braces market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
An Emergence of New Styles in Elbow Braces on E-Commerce Platforms
Market Growth Drivers:
Increasing Demand due to Emergence of Low-Cost Braces, High Availability of Orthopedic Braces and Continuous Product Commercialization
Challenges:
Low Customization and Increasing Adoption of Pain killers and other Pain Medications for Disease Management
Restraints:
The Fluctuation on the Price of Raw Material
Opportunities:
Continuously Increasing Accidents in Sports across the Globe and Promotion and Branding Initiatives Undertaken by Major Product Manufacturers
Market Leaders and their expansionary development strategies
In Feb 2019, Össur Corporate has announced the acquisition of Royce Medical Holding Inc (an orthotics manufacturer based in Camarillo) in approximately USD 215 million. This is a strategic acquisition as the company wants to maintain a strong position in the prosthetics market.
In July 2021, Össur, a global innovator in prosthetic and non-invasive orthopaedic technologies, has launched the new Rebound® Post-Op Elbow Brace, a non-invasive, lightweight adjustable brace with intuitive design features intended to optimize the fitting experience for clinicians as well as ease-of-use for patients who are recovering from severe elbow injury or surgical procedures.
Key Target Audience
Elbow Braces Manufactures, Elbow Braces Distributors, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.