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Orthopedic braces and supports are devices used to support, reposition, and strengthen muscles and joints. The increasing number of people actively engaged in sports is a major factor driving the growth of this market. In addition, the growing rate of musculoskeletal injuries and rising number of surgical procedures complements the growth of this market, since patients require orthopedic braces and supports post-surgery.
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MicroMarketMonitor World’s 1st Real Time Market Intelligence Forecasts Asia-Pacific Orthopedic Braces & Support System Market by Product By End -User - Analysis & Forecasts to 2019
Asia-Pacific Orthopedic Braces & Support System Market Orthopedicbraces and supports are devices used to support, reposition, and strengthen muscles and joints. The increasing number of people actively engaged in sports is a major factor driving the growth of this market. In addition, the growing rate of musculoskeletal injuries and rising number of surgical procedures complements the growth of this market, since patients require orthopedic braces and supports post-surgery. The product segment includes a detailed study of knee braces and supports, foot & ankle braces and supports, spinal orthoses, and upper extremity soft goods. The upper extremity soft goods market has continued to be one of the fastest-growing segments in the orthopedic devices market. Knee braces and supports registered the largest market share, followed by foot and ankle braces and supports.
Business Opportunities • In the Asia-Pacific region, reimbursement systems vary considerably in terms of pricing, co-payments, and settlements. The complexities arising out of these differences create complications for third-party payers, such as private insurance companies and social security systems. These companies play a key role between the patient and the healthcare organization/companies selling braces and supports. Reimbursement in all countries, therefore, depends upon compliance with a complex set of rules and regulations.
Profit of business • The knee braces and supports segment dominated the market with a share of 41.4% in 2014. • Based on end users, the market is segmented into orthopedic clinics, hospitals, and other end users; the orthopedic clinics segmented accounted for the largest share of 37.5% of this market in 2014. • The incident of ligament tears and fractures is increasing significantly, and foot & ankle injuries in sports constitute over 20% of the total number of injuries. • The Asia-Pacific orthopedic braces and supports system market was valued at $760.9 million in 2014 and is estimated to reach $933.2 million by 2019, at a CAGR of 4.2% between 2014 and 2019. The market has been segmented on the basis of products, end users, and countries.
Applications • Knee Braces • Supports Braces • Foot & Ankle Braces and Supports • Spinal Orthoses • Upper Extremity Soft Goods Know more about the applications of Asia-Pacific Orthopedic Braces & Support System Market follow the below link- http://www.micromarketmonitor.com/market/asia-pacific-orthopedic-braces-support-systems-3801169142.html
Leading Companies • Some of the key market players operational in North America Therapy Wound Care Devices Market include - • Biomet, Inc. (U.S.) • Bledsoe Brace Systems (U.S.) • BauerfeindAG (Germany), • Breg, Inc. (U.S.), • Chase Ergonomics (U.S.), • DeRoyalIndustries, Inc. (U.S.), • DJO Global (U.S.), • Ossur (Iceland), • Ottobock(Germany), • Zimmer, Inc. (U.S.), Get a Customized Report on Asia-Pacific Orthopedic Braces & Support System Market http://www.micromarketmonitor.com/contact/3801169142-request_for_customization.html
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