Pune, India, April 28, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, that the global bracing and support market which generated a valuation of USD 4433.83 Mn in 2021 is likely to project an exponential growth rate through 2027, owing to the increasing pervasiveness of chronic diseases such as neurological ailments, spinal cord injuries and nervous system defects among patients, along with burgeoning geriatric population.
Proceeding further, an exhaustive evaluation of regional markets, on the basis of current trends, overall performance, and other prospects is included in the document. Lastly, the competitive landscape of this domain is investigated thoroughly to facilitate a clear understanding of key players, their business profile, product & service portfolio, and expansion strategies.
In addition, significant technological advancements, in congruence with new product launches, improvements in healthcare infrastructure, and access to universal health coverage will play a key role in proliferation of the market in the forthcoming years.
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Covid-19 impact: -
The onset of the Covid- 19 pandemic and the ensuing lockdown restrictions that caused postponement of several surgeries have severely stunted growth prospects of the industry, by the way of reduced revenues and lack of patients in recent times.
In order to overcome these tough times, several industry players are directing their funds towards research and development with the aim to diversify product offerings and minimize the losses incurred to maintain a strong presence in post pandemic market space.
Segmental overview: -
Based on type, worldwide bracing and support industry is bifurcated into rigid braces & supports, and elastic braces & support. The product landscape of the market is comprised of spinal braces & support, lower extremity braces & support, and upper extremity braces & support. Speaking of end user scope, the product can be found in hospitals, clinics, and over-the- counter outlets.
Regional landscape outlook: -
North America, Europe and Asia Pacific are the major regional markets that contribute significantly to the overall renumeration. Among these, North America region held the largest market share in 2021.
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Competitive framework summary: -
Trulife Inc., Thuasne USA, Bauerfeind AG, DeRoyal Industries, Ottobock, Orthofix Medical Inc., Colfax Corporation, The 3M Company, Zimmer Biomet Holdings Inc., and Ossur hf are the prominent players influencing global bracing and support market trends.
Global Bracing and Support Market, by Product (Value, USD Million, 2017-2027)
- Spinal Braces & Support
- Lower Extremity Braces & Support
- Upper Extremity Braces & Support
Global Bracing and Support Market, by Type (Value, USD Million, 2017-2027)
- Rigid Braces & Support
- Elastic Braces & Support
Global Bracing and Support Market, by End User (Value, USD Million, 2017-2027)
- Clinic
- Hospital
- Over the Counter
Global Bracing and Support Market, by Region (Value, USD Million, 2017-2027)
North America
- Canada
- United States
Europe
- Spain
- France
- United Kingdom
- Germany
Asia Pacific
- India
- China
- Japan
- Australia
Latin America and Middle East & Africa
Global Bracing and Support Market, Company Profiles (Value, USD Million, 2017-2027)
- Trulife Inc.
- Thuasne USA
- Bauerfeind AG
- DeRoyal Industries
- Ottobock
- Orthofix Medical Inc.
- Colfax Corporation
- The 3M Company
- Zimmer Biomet Holdings Inc.
- Ossur hf.
Table of Content:
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Global Bracing and Support (B&S) Market: Product Outlook
4. Global Bracing and Support (B&S) Market: Size and Forecast
4.1 Global Bracing and Support (B&S) Market Size, By Value, 2017-2027
5. Global Bracing and Support (B&S) Market Segmentation - By Type, By Product and By End User
5.1 Competitive Scenario of Global Bracing and Support (B&S) Market: By Type
5.1.1 Elastic Braces and support - Market Size and Forecast (2017-2027)
5.1.2 Rigid Braces and Support Market - Size and Forecast (2017-2027)
5.2 Competitive Scenario of Global Bracing and Support (B&S) Market: By Product
5.2.1 Upper Extremity Braces and support - Market Size and Forecast (2017-2027)
5.3 Competitive Scenario of Global Bracing and Support (B&S) Market: By End User
5.3.1 Hospitals - Market Size and Forecast (2017-2027)
6. Global Bracing and Support (B&S) Market: Regional Analysis
6.1 Competitive Scenario of Global Bracing and Support (B&S) Market: By Region
7. North America Bracing and Support (B&S) Market: An Analysis (2017-2027)
7.1 North America Bracing and Support (B&S) Market: Size and Forecast (2017-2027), By Value
7.2 North America Bracing and Support (B&S) Market - Prominent Companies
7.3 Market Segmentation by Type (Elastic Braces and support, Rigid Braces and support)?
7.4 Market Segmentation by Product (Upper Extremity Braces and support, Lower Extremity Braces and support and Spinal Braces and support)?
7.5 Market Segmentation by End User (Hospitals, Clinics and Over-the-counter)?
8. Europe Bracing and Support (B&S) Market: An Analysis (2017-2027)
8.1 Europe Bracing and Support (B&S) Market: Size and Forecast (2017-2027), By Value
8.2 Europe Bracing and Support (B&S) Market - Prominent Companies
8.3 Market Segmentation by Type (Elastic Braces and support, Rigid Braces and support)?
8.4 Market Segmentation by Product (Upper Extremity Braces and support, Lower Extremity Braces and support and Spinal Braces and support)
8.5 Market Segmentation by End User (Hospitals, Clinics and Over-the-counter)
9. Asia Pacific Bracing and Support (B&S) Market: An Analysis (2017-2027)
9.1 Asia Pacific Bracing and Support (B&S) Market: Size and Forecast (2017-2027), By Value
9.2 Asia Pacific Bracing and Support (B&S) Market - Prominent Companies
9.3 Market Segmentation by Type (Elastic Braces and support, Rigid Braces and support)? ?
9.4 Market Segmentation by Product (Upper Extremity Braces and support, Lower Extremity Braces and support and Spinal Braces and support)
9.5 Market Segmentation by End User (Hospitals, Clinics and Over-the-counter)?
10. Global Bracing and Support (B&S) Market Dynamics
10.1 Drivers
10.2 Restraints
10.3 Trends
11. Market Attractiveness
11.1 Market Attractiveness Chart of Global Bracing and Support (B&S) Market - By Type, 2027
11.2 Market Attractiveness Chart of Global Bracing and Support (B&S) Market - By Product, 2027
11.3 Market Attractiveness Chart of Global Bracing and Support (B&S) Market - By End User, 2027
11.4 Market Attractiveness Chart of Global Bracing and Support (B&S) Market - By Region, 2026
12. Competitive Landscape
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