Bracing and Support Devices Market Opportunity Assessment and Forecast up to 2020

Bracing devices are orthopedic appliances used to align, support and hold structural and functional characteristics of the musculoskeletal system. These devices offer safeguard to various orthopedic joints for prophylactic, post-trauma and post-surgery uses, and also help in increasing mobility for people suffering from a wide range of musculoskeletal problems. Bracing and support devices include bracing products for the upper and lower extremities such as ankle, kneel, elbow, lumbar back and wrist. Bracing devices are extremely effective at improving musculoskeletal manifestations as a part of the treatment and management program. Bracing and support appliances fall into class I FDA medical devices category since most of these devices are used externally.
Growing prevalence of sedentary lifestyle and dietary diseases, increasing elderly population, growing incidence of musculoskeletal injuries and increasing usage of braces to treat sports injuries are some of the major drivers for the growth of bracing and support devices market. The number of patients with musculoskeletal problems and injuries across the globe has grown significantly in the recent past and has prompted orthotics manufacturers to develop advanced medical device solutions to tap the growing bracing and support devices market.

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According to the National Ambulatory Medical Care Survey and National Center for Health Statistics, in 2010, 3.8 million physician visits were recorded for the musculoskeletal symptoms and complaints. The number represented an increase of approximately 1 million as compared to 2009 physician visits.  Concerted efforts in the research and development of medical equipment have helped the bracing devices industry to maintain a steady growth over the last decade and are expected to continue in the coming years as well.
Some of the major players in the bracing and support devices market include DJO, LLC., Biomet, Inc., Aspen Technology, Inc., Ossur Corporate, DeRoyal Industries, Inc., Bledsoe Brace Systems, Spinal Technology, Boston Brace, Cybertech, McDavid, Orthomerica, Chase Ergonomics, Xback, FLA Orthopedics and Otto Bock.

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