What is Walking Braces Market?
A walking brace is a form of medical braces used after an accident or surgery to secure the foot as well as ankle. Some of the major benefits of walking braces are custom inflated aircells for individual fit and support, sealed-air cushioned heel, among others. There is a wide range of walking braces and available on the market and each designed is used for different treatments. For instance, after the operation, someone with foot injuries can wear a walking brace to reduce heal pain. Walking supports are also available to offer protection to ankles that are weakened by acute sprains.
The market study is being classified, by Application (Hospital, Rehabilitation Center and Other) and major geographies with country level break-up.
Ossur hf (Iceland), Bracemasters International, LLC (United States), Benecare Medical (United Kingdom), Patterson Medical (Untied States), Kare Orthopaedics (United Kingodm), Ovation Medical (United States), Promedics Orthopaedic Ltd (United Kingdom), BSN medical GmbH (Germany), Tynor (India) and Brace Orthopaedic (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are FLA Orthopedics Inc. (United States), Mcdavid Knee-Guard, Inc. (United States), Frank Stubbs Co Inc. (United States), Alcare Co.,Ltd. (Japan), Otto Bock Healthcare GmbH (Germany), DeRoyal Industries Inc. (United States), Breg, Inc. (United States) and DJO Global, Inc. (United States).
The global walking braces market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Walking Braces market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Walking Braces market by Type, Application and Region.
On the basis of geography, the market of Walking Braces has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising number of Sports-Related Injuries and Growing Number of Sports Activities
- Growing Prevalence of Orthopedic Diseases as well as Disorders
Market Trend
- Technology Advancement regarding Walking Braces
Restraints
- Issue related to Limited Options to Customize OTC Orthopedic Braces
Opportunities
- Growing Demand from Emerging Economies, including China, India, among others
Challenges
- Increasing Adoption of Pain Medications and Limited Reimbursement Coverage
In August 2016, DJO Global Company has launched the Clima-Flex OA Knee Brace. Hence, this launched will increase the product portfolio of the company.
Key Target Audience
Walking Braces Manufacture, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others