A media release from Data Bridge Market research notes that, according to the report, North America dominates this market, and is poised to grow by 4.6% during the forecast period of 2014 to 2020.
Osteoarthritis, sports injuries, other traumatic wounds, orthopedic surgeries, obesity, and osteoporosis are some of the conditions that are driving the market.
Growth factors will be the increasing sales of orthopedic braces and supports via e-commerce; stock and bill programs that allow manufacturers to bill insurers directly; and the increasing trend of lifestyle activities in the elderly populations, which has caused a rising incidence of osteoarthritis and the increasing awareness of braces and supports, the release explains.
The global orthopedic braces and supports market is comprised of knee braces and supports, foot and ankle braces and supports, spinal orthoses, upper-extremity braces and supports, and leg walkers.
The knee braces and supports market is divided into four product types: knee support, knee braces for osteoarthritis, knee braces for ligament injury, and postoperative knee braces. Knee support is 57% of this market, and is expected to grow by 6.2% CAGR from 2015 to 2020, according to the release.
For more information, visit Data Bridge Market Research.
[Source: Data Bridge Market Research, PR.com]