- The key vendors in the global bracing and support market 2015-2019 are Bledsoe Brace, DJO Global, Ossur and Zimmer.
London, 03 August 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global bracing and support market 2015-2019. The market is witnessing the development of pliable braces in accordance with customer requirements and with a simplified user interface. Vendors are looking to reduce laces and incorporate Velcro to enable ease of application and removal. The global bracing and support market 2015-2019 is poised to grow at a CAGR of 4.81% during 2014-2019.
The preference for non-invasive treatment is the major driving force in the market. Considering the operative trauma and the recovery time associated with invasive treatments, consumers tend to put off surgery in the case of injuries or conditions, and rely on braces and supports for treatment. The dependence on these products is further amplified by the growing pervasiveness of lifestyle-related conditions and injuries.
“Significant improvements in modeling and material technologies have made it easier to customize and standardize specifications for orthopedic braces, making them more compliant,” says Faisal Ghaus, Vice President of Technavio Research.
“Also, innovations are gearing toward the incorporation of data synchronization systems and advanced data sensors to encourage individuals to adopt braces. All these advancements are expected to fuel market growth.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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