Rise in Innovative, Effective Surgical Procedures Has Not Obviated Market for Orthopedic Braces and Supports, Finds Frost & Sullivan

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May 27, 2010, 06:39 ET

MOUNTAIN VIEW, Calif., May 27 /PRNewswire/ -- Frost & Sullivan recently completed a study for the U.S. orthopedic braces and supports markets that provides an in-depth analysis of a range of orthopedic braces and supports, along with a comprehensive study of crucial market drivers, challenges and technology trends impacting U.S. braces and supports manufacturers today.

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Segments in the study include knee, ankle, pain management (pain pumps and cold therapy), walkers, back softgoods, spinal orthoses and upper extremity softgoods markets. Revenue, unit shipment and pricing analysis are also provided for a period of 2006-2016, with a base year of 2009. Market share and competitor structure of the market are also discussed.

"Use of assistive devices has increased dramatically in the U.S. over the past decade," states Frost & Sullivan Industry Analyst Aarti Shetty. "This is due in part to an aging population, along with technological advances, public policy initiatives, and changes in the delivery and financing of healthcare. These have all served to boost the orthopedic brace and supports market."

On the other hand, innovative, minimally invasive, and highly effective surgical procedures are becoming more successful in treating the conditions that may have been cases for using braces and supports. More often, procedures are yielding full recoveries, and patients no longer need to use braces and supports after the operation. These advances prove to be a challenge for this industry going forward.

In the midst of these conflicting market forces, manufacturers have managed to produce a steady flow of advanced products that cater to a wide array of patient needs, driving steady growth in the overall market. Growth profiles vary for different segments as shown in the chart below.

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If you are interested in more information on this study, please send an e-mail to Johanna Haynes, Corporate Communications, at [email protected], with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.

About Frost & Sullivan

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U.S. Orthopedic Braces and Supports Markets

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