HOME Research Insight Product Launches and Strategic Acquisitions Are the Key Growth Strategies Adopted by Leading Market Players in the Global Orthopedic Braces and Supports Market



Product Launches and Strategic Acquisitions Are the Key Growth Strategies Adopted by Leading Market Players in the Global Orthopedic Braces and Supports Market


The global orthopedic braces and supports market is projected to reach USD 4.93 Billion by 2022 from 3.76 Billion in 2017, at a CAGR of 5.6%. Some of the factors driving the growth of this market are the increasing prevalence of orthopedic diseases and disorders, rising geriatric population, development of specialized products for orthopedic diseases, growing affordability and market availability of orthopedic braces, and rising number of sports and accident-related injuries. However, limited patient qualification for bracing-mediated orthopedic treatment and limited clinical evidence to support the efficacy of orthopedic braces & supports are the key factors hindering the growth of the market.

Analysis of the market developments between 2014 and 2017 (August) reveals that several growth strategies such as product launches, strategic acquisitions, mergers, agreements, partnerships, collaborations, and expansions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the orthopedic braces and supports market. Among these business strategies, product launches and expansions were the most widely adopted growth strategies by players in the market.

DJO Finance LLC (US) holds the leading position in the market with its broad range of orthopedic braces and supports. The company has a strong distribution network across 36 countries including Australia, Canada, South Africa, and Tunisia, among others. The company primarily focuses on product launches to sustain its position in the orthopedic braces and supports market. The market has witnessed several product launches by DJO Finance LLC (US) in the last three years including DonJoy Products (such as TriFit & Clima-Flex OA Knee Brace).

Breg, Inc. (US) is one of the prominent players in the orthopedic braces and supports market. The company has a strong foothold in the market with a wide range of orthopedic braces and supports. The company mainly focuses on product launches to maintain its significant market share and competitive advantage. The company launched several orthopedic braces and supports during 2013–2017, including FastForm upper extremity brace, Genesis Mid-calf walker boot, Dynamic Bracing Technology (Platform), FreeRunner knee brace, and FreeSport knee sleeve and wrap. Furthermore, the company also focuses on other growth strategies such as expansions, agreements, and mergers. In line with this, the company agreed with FastForm Medical (Ireland) and Premier, Inc. (US) in 2015. Additionally, the company has established its manufacturing facility for Bledsoe Brace Systems in Mexicali (Mexico).

Related Reports:

Orthopedic Braces and Supports Market by Product (Lower Extremity (Knee, Foot, Ankle, Back), Upper Extremity (Shoulder, Elbow, Wrist)), Application (Ligament Injury, Preventive Care, Osteoarthritis), End User (Hospitals, OTC) - Global Forecast to 2022

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