Frost & Sullivan recently completed a study for the U.S. orthopedic braces and supports markets. It analyzes a wide range of orthopedic braces and supports, along with a thorough study of crucial market drivers, challenges, and technology trends impacting U.S. braces and supports manufacturers today.
Use of assistive devices, such as the knee brace shown here, boosts the orthopedic brace and supports market.
Segments in the study include knee braces and supports, ankle braces and supports, pain management systems (pain pumps and cold therapy), walkers, back softgoods, spinal orthoses, and upper-extremity softgoods markets. According to Frost & Sullivan, “Revenue, unit shipment, and pricing analysis are provided in the study for a forecast period of 2009-2016.” Competitive structure and market share analysis are also examined.
“Use of assistive devices has increased dramatically in the U.S. over the past decade,” Frost & Sullivan Industry Analyst Aarti Shetty was quoted as saying. “This is due in part to an aging population, along with technological advances, public policy initiatives, and changes in the delivery and financing of healthcare. These have all served to boost the orthopedic brace and supports market.”
Manufacturers have continued to realize growth in the overall market by producing a steady flow of products that cater to a wide array of patient needs, despite competing forces such as innovative, minimally invasive, and highly effective surgical procedures that are becoming more successful in treating the conditions that may have necessitated the use of braces and supports in the first place. However, these types of medical advances will present challenges to this industry going forward.
