Orthopedic Braces and Supports Market Players And Industry Forecasts Till, 2014 - 2024.

According to the Centers for disease Control and Prevention, in 2015, 30 million US adults were estimated to suffer from osteoarthritis. It is estimated that 54.4 million of the US adults are affected with some form of arthritis. People with arthritis are the major target for orthopedic braces and supports. The second most common form of arthritis is rheumatoid arthritis which cause muscle pain.

On the basis of end use, the market is segmented into hospitals, orthopedic clinics, Over-the-Counter (OTC), and other facilities. Orthopedic clinics contributed to the largest market share in 2015, due to reluctance of patients to visit specialty clinics for acute musculoskeletal disorders.

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Increase in geriatric population is one of the primary driver for the growth of the market. This population is highly affected by musculoskeletal disorders. According to International Osteoporosis Foundation, osteoporosis and low bone mass is a major threat to around 44 million U.S. men and women of age 50 and older. Approximately, 30% of the post-menopausal women suffer from osteoporosis in the US. Weakening of bones, connecting tissues such as cartilages and ligaments with age increases the risk of muscle injury in knees and shoulders. This supports the increasing need of orthopedic braces and supports.

Few major companies of the market include DJO Global, Inc.; Breg, Inc.; Alcare Company Ltd.;Bauerfeind AG;Össur Corporate; McDavid Knee Guard, Inc.; FLA Orthopedics, Inc.; Otto Bock Healthcare GmbH; and Frank Stubbs Co., Inc.