Europe Orthopedic Braces & Support Market
Europe Orthopedic Braces And Supports Market Size And Forecast
The Europe Orthopedic Braces And Supports Market was valued at USD 1.26 Billion in 2019 and is projected to reach USD 1.79 Billion by 2027, growing at a CAGR of 4.49% from 2020 to 2027.
Europe Orthopedic Braces And Supports Market Outlook
Europe already has a significant strength of geriatric population than in other parts of the world and the geriatric population in many European countries is rapidly increasing. And according to the World Population Ageing 2019 Report, in 2019, the largest numbers of persons aged 80 or older were found in Europe and Northern America (53.9 million). The report also stated that the number of older persons in Europe and Northern America regions is expected to rise by 48% between 2019 and 2050. The geriatric population contributes the highest to the demand for orthopedic braces and supports as the aging population is more prone to musculoskeletal disorders and it has been the biggest driver in the region for orthopedic braces and supports.
Europe Orthopedic Braces And Supports Market Segmentation
The Europe Orthopedic Braces And Supports Market is segmented on the basis of Type, Application, Distribution Channel, and Geography.
Europe Orthopedic Braces And Supports Market Competitive Landscape
The Europe Orthopedic Braces And Supports Market is highly fragmented with the presence of a large number of major companies including Ossur, DJO, LLC, BSN Medical, Bauerfeind AG, Breg, Inc., DeRoyal Industries, Inc., Zimmer Biomet Holdings, Inc, Trulife, and Otto Bock Healthcare GmbH.
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