The global orthopedic braces and supports market is projected to reach USD 4.93 Billion by 2022 from USD 3.56 Billion in 2016, at a CAGR of 5.6% during 2017–2022.

The development of specialized orthopedic bracing and support products, increased off-the-shelf and online product sales, and product promotion & branding initiatives undertaken by major product manufacturers are the key factors driving the growth of the orthopedic braces and supports market.

This report covers the market across four major geographies, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW).

Of the four geographic regions studied in the report, North America is expected to command the largest share of the market in 2017 owing to the favorable medical reimbursement scenario & availability of insurance for major orthopedic bracing procedures and expansion of target patient population (especially osteoporosis and osteoarthritis patients as well as those suffering from musculoskeletal injuries).

However, Asia Pacific is expected to register the highest growth rate during the forecast period due to increasing GDP & healthcare expenditure and growing public awareness about various orthopedic treatments.

In 2016, DJO Finance LLC (US), Breg, Inc. (US), Ossur Hf (Iceland), DeRoyal Industries, Inc. (US), and Bauerfeind AG (Germany) held the leading position in the global orthopedic braces and supports market. In the past three years, these companies adopted product launches, mergers, strategic acquisitions, agreements, collaborations & partnerships, and expansions as their key business strategies to ensure market dominance.

Otto Bock HealthCare (Germany), BSN Medical (Germany), medi GmbH & Co. KG (Germany), 3M Company (US), and THUASNE Group (France) are some of the other major players in this market.

To Know More @ https://www.marketsandmarkets.com/Market-Reports/orthopedic-braces-support-market-24806829.html