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(Medical-NewsWire.com, September 22, 2018 ) At Verified Market Intelligence, we provide a market study that encompasses both qualitative and quantitative assessments of the latest trends for the market segmentations classified by our analysts. According to our research team, the Global Orthopedic Braces and Supports Market USD 3.11 billion in 2016 and is projected to reach USD 4.95 billion by 2025, growing at a CAGR of 5.31% from 2017 to 2025. Our research study mainly includes an in-depth study of the market which includes major drivers, restraints, opportunities, and challenges faced in the market along with the latest industrial trends.
Orthopedic braces and supports are used by the majority of the geriatric population as an aid. In addition, with the increase in popularity of sports and athletic activities, the number of severe injuries has also increased causing an increase in the demand for the orthopedic braces and support material. However, availability of other low-cost alternatives has restrained the market to grow.
The “(otc) Orthopedic Braces Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Breg, Inc, Össur Hf, Bauerfeind AG, BSN Medical, DJO Finance LLC, 3M Company, Otto Bock Healthcare, Deroyal Industries, Inc, Medi GmbH & Co. KG, Thuasne Group, Alcare Co., Ltd, Zimmer Biomet Holdings, Inc, Trulife, Remington Products Company, Bird & Cronin. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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On the basis of type, the Global Orthopedic Braces and Supports Market can be categorized by primary types; Soft & Elastic Braces and Supports, Hinged Braces and Supports and Hard & Rigid Braces and Supports. This market study also features the market analytics based on the products which include Lower Extremity Braces and Upper Extremity Braces and Supports.
In terms of geography, North America is the largest shareholder of orthopedic braces and supports and the Asia Pacific is expected to be the fastest emerging regional market for orthopedic braces and supports.
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