Global orthopedic braces market projected to reach USD 4.93 Billion by 2022 from USD 3.76 Billion in 2017, at a CAGR of 5.6%. Development of specialized orthopedic bracing and support products, increased off-the-shelf & online product sales, and product promotion & branding initiatives undertaken by major product manufacturers are key factors driving growth of market.
Complete Report on Orthopedic Braces and Supports Market spread across 331 Pages, Profiling 15 Companies and Supported with 74 Tables and 30 Figures is now available at http://www.rnrmarketresearch.com/contacts/request-sample?rname=425985 .
Orthopedic Braces and Supports market research report has focused on various levels of analysis—industry trends, market share analysis of top players, & company profiles, which together comprise & discuss basic views on competitive landscape, emerging and high-growth segments of orthopedic braces and supports market, and high-growth regions & countries & their respective drivers, restraints, challenges, and opportunities.
Global Orthopedic Braces and Supports Market, by Product
- Lower Extremity Braces and Supports
- Knee Braces and Supports
- Ankle Braces and Supports
- Foot Walkers and Orthoses
- Back, Hip, & Spine Braces and Supports
- Neck & Cervical Spine Braces and Supports
- Lower Spine Braces and Supports
- Upper Extremity Braces and Supports
- Shoulder Braces and Supports
- Elbow Braces and Supports
- Hand & Wrist Braces and Supports
Orthopedic Braces and Supports market research study involves extensive usage of secondary sources, directories, & databases (such as Hoover’s, Bloomberg Business, Factiva, & Avention), in order to identify & collect information useful for this technical, market-oriented, & financial study of orthopedic braces market. In-depth interviews were conducted with various primary respondents, including subject-matter experts (SMEs), C-level executives of key market players, & industry consultants to obtain and verify qualitative & quantitative information and to assess market prospects.
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The orthopedic clinics segment is expected to account for the largest share of the market primarily due to rising number of ambulatory care units across mature countries, significant rise in road accident injuries, higher availability of well-trained & skilled orthopedic technicians across major markets, and greater availability of reimbursements for outpatient orthopedic procedures.
- Orthopedic bracing and support product manufacturers
- Distributors and suppliers
- Research laboratories and academic institutes
- Sports institutes and organizations
- Government and independent regulatory bodies
- Market research organizations
The market is diversified and highly competitive, with a large number of players competing for market space, including mid-tier companies and startup firms. Thermo Fisher Scientific, Inc. (US), LabWare (US), LabVantage Solutions, Inc. (US), Abbott Informatics (US), Waters (US), Agilent Technologies (US), IDBS (UK), PerkinElmer Inc. (US), Autoscribe Informatics (UK), Arxspan LLC (US), Dassault Systèmes (France), RURO Inc. (US), Kinematik (Ireland), LabLynx, Inc. (US), and LABWORKS (US) are prominent players in the global laboratory informatics market.
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The global laboratory informatics market, by component is segmented into services and software. In 2017, services are expected to account for the largest market share and are expected to witness high growth during the forecast period. . Growth in this segment can be attributed to the technological advancements in solution offerings by various vendors, increasing adoption of cloud-based solutions, growing need for consulting services, and the recurring nature of services.