About Bracing and Supports
Braces and supports are extensively used for ankle sprains and knee ligament injuries in sport. They give contraction, support, and common stability and frequently help reduce joint pain in sports injuries and habitual conditions similar to arthritis. Support braces are the combination of froth, plastic, strips, elastic, and essence, which are designed to give support substantially to the joints that are vulnerable to injury. The joints for which the players substantially bear a brace for forestallment or recovery is the knee, elbow, wrist, ankles, arms, shoulder, back, pins, and more. The main objects of support are forestallment, recuperation, and recovery, and grounded on that there's a structural difference in the design and material used to break different purposes.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Bracing and Supports 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.
Biomet (United States), DeRoyal (United States), Ossur (Iceland), Bauerfeind (Germany), Breg (United States), Cramer Products (United States), Orthomerica (United States), Swede-O (United States) and Xback Bracing (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 ALCARE Co.Ltd (Japan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Bracing and Supports market by Type (Knee Braces & Supports, Foot and Ankle Braces & Supports, Spinal Orthoses and Upper Extremity Braces & Supports), Application (Ligament Injury, Preventive Care and Osteoarthritis) and Region.
On the basis of geography, the market of Bracing and Supports 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 Material , the sub-segment i.e. Froth will boost the Bracing and Supports market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Bracing and Supports market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduce Advanced Technology Based Bracing And Support Products Influence, Customer and Increase The Sales Of Braces And Support By Means Of E-Commerce Platform
Market Growth Drivers:
Rise In Elderly Population and Increasing Incidence Of Road Accidents And Sports Injuries
Challenges:
Fierce Competitive Pressure
Restraints:
Rise In Cost Of Bracing And Supports Product and Lack Of Private As Well As Government Insurance Cover
Opportunities:
Increasing Demand Across Emerging Regions and Increasing Spending On Medical And Healthcare Technologies
Market Leaders and their expansionary development strategies
In February 2021, Breg, Inc., a leading orthopedic bracing and billing services company, announced the launch of two new lines of spinal orthoses: Pinnacle and Ascend. The 15 new products, manufactured exclusively by Breg, are designed to elevate care for patients with spinal injuries.
Key Target Audience
Bracing and Supports Manufactures, New Entrants and Investors, Finger Splint Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations 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.