Factors driving the growth of this market include growing prevalence of bone-degenerative disorders, development of the orthopedical bracing trade, and simple handiness of unlisted orthopedical brace, increasing inclination towards active sports, developing e-commerce websites, and wide usage of orthopedical braces for preventive care.
The Knee Braces are expected to lead the global OTC Orthopedic Braces Market in 2016. Factors driving the growth of this segment include the growth in aged group of populace and the lack of bone density in women above 30 age.
The Prophylactic is expected to account for the largest share of the global OTC Orthopedic Braces Market in 2016 owing to inflated participation in sports as studies proving the effectiveness of prophylactic braces in decreasing the injuries, and growing awareness.
North America is expected to dominate the OTC Orthopedic Braces Market in 2016. This is attributed to factors such as accessibility to advanced technologies and opportunities for diagnostic testing and screening, growing incidence of technological advancements of OTC Orthopedic Braces products in the region as compared to other regions. Key players in the OTC Orthopedic Braces Market DJO Finance LLC, DeRoyal Industries Inc., Breg, Inc., Bauerfeind AG, BSN Medical, Otto Bock HealthCare, Medi GmbH & Co. KG, Thuasne Group, and 3M Company.
The scope of the report provides: The evaluation of the current market for your product or services and the future implications of the market Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share The factors responsible for the shaping of the industry as it is as a result of competitive environment is analysed through Porters Five Forces The effects of political, economic, social, technological, legal and environmental factors on the industry is analysed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence Equip you with the information providing with the investment opportunities in the industry
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