(PharmaNewsWire.Com, December 18, 2017 ) According to the report OTC Orthopedic Braces, published by Market Data Forecast, the Latin America market is projected to reach USD 108.13 million by 2022, at a CAGR of 4.3% from 2017 to 2022.
Orthopedic braces, also known as orthopedic splints, facilitate the stabilization, protection and correction of injuries or abnormal structure. They are used for different applications like injury prevention, rehabilitation and more. The braces are also designed in a way to compensate for muscles which have low strength in them. They rectify the structural anomalies and help in the detection of spina bifida, cerebral palsy, as well as to treat the symptoms of stroke.
Latin America OTC Orthopaedic Braces: Drivers & Restraints Many different factors like growth of GDP, increasing middle-class population, increased spending on healthcare and rising awareness among the public about different treatment options for orthopaedic conditions are propelling the growth of the OTC Orthopaedic Braces market in the Asia-Pacific region.
On the other hand, growing preference of patients towards alternative treatment methods, uncertain reimbursements, below average efficiency of orthopaedic braces and lack of customization for OTC orthopaedic braces are the primary factors inhibiting the Middle-East and Africa OTC orthopaedic braces market.
Latin America OTC Orthopaedic Braces: Overview Factors like growing population of middle class and rising GDP are affecting the growth of this market positively. Other factors such as rising awareness among the public about different treatment options for orthopaedic conditions are also carry the growth of market in this region forward.
Latin America OTC Orthopaedic Braces: Region-wise Outlook The market for OTC Orthopaedic Braces in Latin America region is divided based on geography into Brazil, Chile, Argentina and others. This region has many countries which are emerging economies and are undergoing a lot of development in the medical sector. Thus, the growth potential for this market is substantial during the forecast period.
Key Questions Answered What is the current and future OTC Orthopaedic Braces outlook in Latin America market? What trends are affecting the Latin America market? What is the competitive landscape and market share of major players in the OTC Orthopaedic Braces space in Latin America market? What are the key, high growth markets that OTC Orthopaedic Braces manufacturers should expand into? Which market segments are growing the fastest? What are the unmet needs with the OTC Orthopaedic Braces currently on the market? How will emerging technologies fulfil these unmet needs? What is physician perception and market outlook of OTC Orthopaedic Braces? What are the challenges and barriers that have hindered widespread adoption of OTC Orthopaedic Braces?
Latin America OTC Orthopaedic Braces: Key Players Some of the major companies dominating Latin America OTC Orthopaedic Braces Market are DJO Finance LLC, DeRoyal Industries Inc., Breg, Inc., Bauerfeind AG, BSN Medical, Otto Bock HealthCare, Medi GmbH & Co. KG, Thuasne Group, and 3M Company.
Reasons to buy Latin America OTC Orthopaedic Braces Report: Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options.
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