|New Report - US Market for Orthopedic Braces & Supports|
Opportunities and Challenges in the US Orthopedic Braces & Supports Market
Pleasanton, CA, May 1, 2012 – Marketstrat Inc. is pleased to announce the release of our new report titled, "US Market for Orthopedic Braces & Supports."
More than 5 million knee braces and supports were sold in the US in 2011, many of them for sports injuries of the knee. Other commonly used orthopedic bracing devices are for the ankle and wrist. Orthopedic braces and supports offer protection to joints, tendons and ligaments as well as providing pain relief and increased mobility for people suffering from a wide range of musculoskeletal problems. The total US market for bracing devices used for the knee, ankle, wrist, shoulder and back is expected to grow at almost 5 percent CAGR over the next few years.
According to Marketstrat Inc. the US Market for Orthopedic Braces and Supports is characterized by some well-established segments and others that are under-penetrated and have good growth potential. The report highlights the following key trends and characteristics of the braces and supports market:
Market Drivers include growing rates of musculoskeletal injuries due to greater participation in sports and fitness activities, occupational injuries from repetitive tasks and a growing population of people with chronic pain from arthritis, diabetes and neurological conditions. A wide sales and distribution network is helping to raise awareness as well as increasing accessibility. Braces and supports can be purchased through on-line vendors, retail pharmacies and sports stores, medical device suppliers, physiotherapy and chiropractor practitioners, etc.
Market Restraints include reimbursement restrictions, loss of employer-provided insurance, slow economy and availability of a wide range of alternative treatment and management options. Medicare and private insurers are redefining coverage for medical devices, either completely eliminating or severely restricting coverage for soft braces, ligament braces, custom-built braces etc.
Competition is intense in the orthopedic bracing market. The dominant players are orthopedic and sports medicine specialists. DJO brands like DonJoy, Aircast, ProCare, etc. have the largest market share. Other significant players like Ossur, Bledsoe, Bird and Cronin, Breg, McDavid, Mueller, Hely and Weber, FLA Orthopedics and Otto Bock.
This Marketstrat report analyzes the US market for Orthopedic Braces and Supports. The report discusses key players and identifies trends impacting the market for these products.
Topics covered include product definitions, strategies, competitive analysis, market shares, key market and product segment parameters, competitive position maps, market conditions, brands, and company profiles.
The report provides detailed market estimates and forecasts in revenues (US$) and unit sales by product segment for 2010 to 2018.
Market Forecasts (Revenues in US$ and unit sales, 2010 – 2018)
3M Healthcare, Bauerfeind USA, Biomet, Inc., Bird & Cronin, Inc., Bledsoe Brace Systems, Breg, Inc., BSN medical GmbH, Chase Ergonomics, Inc., Cho-Pat Inc., Darco International, Inc., DeRoyal Industries Inc., DJO Global, Inc., Frank Stubbs Co., Inc., FLA Orthopedics/ BSN Medical Inc., Freeman Manufacturing Co., Hely & Weber, Langer Biomechanics, McDavid Inc., Medical Specialties, Inc., Mueller Sports Medicine, Inc., OccuNomix International, Inc., Ossur, Otto Bock Health Care, PALUMBO Orthopaedics, Restorative Care of America, Inc., SOLO Laboratories, Inc., Surgical Appliance Industries, Swede-O Inc., Townsend Design, Trulife Ltd., VQ rthoCare, Zimmer Holdings Inc.
- Focus on medical devices, equipment and supplies
- Global coverage with consistent methodology and reporting across all regions
- Actionable, fact-based medical devices market research and analysis
- Broad coverage of participating companies
- Value chain reporting