Market Overview:
The global ankle supports and braces market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing prevalence of ankle injuries, rising awareness about the benefits of using ankle supports and braces, and technological advancements in the field of ankle supports and braces. The global Ankle Supports & Braces Market is segmented on the basis of type, application, and region. On the basis of type, it is divided into metal material product, alloy material product, resin material product. Metal material products are further classified into stainless steel products and titanium products. Alloy material products are further classified into aluminum-based alloys (manganese) products and magnesium-based alloys (zinc)products .Resin Material Products are further classified into polycarbonate resins (PC), thermoplastic elastomers (TPE), polyurethane resins(PU), silicone rubber based materials).
Product Definition:
Ankle supports and braces are devices worn around the ankle to provide support and stability. They are often used to treat or prevent ankle injuries, such as sprains or fractures. Ankle supports and braces can also be helpful for people with chronic ankle instability.
Metal Material Product:
Metal Material Product, it's usage and growth factor in Ankle supports & braces market is expected to grow at a significant rate over the forecast period. The ankle support or brace is used by patients who have suffered from ligament injuries or tendons that have become loose. Metal material products are widely used as supportive devices for healing of tendons, muscles & joints in various parts of the body such as feet, hands & ankles.
Alloy Material Product:
Alloy Material Product (AMP) is a combination of two or more metals, which are normally used to make a special kind of alloy. The AMP alloys have properties that are different from the pure metals and they can be used in applications where these properties are required. Some common uses for AMP include hip joint replacements, knee replacement parts, spinal implants and orthopedic clamps & plates.
Application Insights:
The osteoarthritis segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The rising geriatric population, coupled with increasing cases of obesity across the globe, has led to an increase in knee osteoarthritis. According to a study published by Osteohealth International, Inc., it was found that around 54 million people aged between 30 and 60 years have some form of arthritis or joint pain. Moreover, as per another study published by NCBI, it was estimated that around 1 out of every 3 adults aged between 18 to 64 years have some form of arthritis or joint pain. Ankle supports & braces are considered one of the best solutions for managing acute injuries along with physical therapy which can help treat & manage osteoarthritis effectively at an affordable cost.
Rheumatoid arthritis is also expected to grow at a lucrative rate during the forecast period owing to its high prevalence rate globally as well as locally across countries such as India.
Regional Analysis:
North America dominated the global ankle supports & braces market in 2017. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing awareness levels amongst patients are some of the major factors responsible for this dominance. In addition, growing preference for non-surgical treatment options is also expected to drive growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to a large population base with high prevalence of osteoarthritis and rheumatoid arthritis in countries such as India and China. Moreover, improving medical infrastructure coupled with rising disposable income will also serve as key drivers for regional growth during the same period.
Growth Factors:
- Increasing incidence of ankle injuries: The ankle is one of the most commonly injured body parts, especially among athletes and sportspersons. This is primarily because the ankle is a weight-bearing joint and is subjected to a lot of stress during physical activity. As a result, there has been an increase in demand for ankle supports and braces in recent years, which is likely to drive market growth over the forecast period.
- Growing awareness about benefits of using ankle supports & braces: There has been an increase in awareness about the benefits of using ankle supports & braces in recent years, which has led to an uptick in demand for these products. This trend is likely to continue over the forecast period as more people become aware of the various benefits offered by these products such as prevention or reduction of injuries, improved stability and reduced pain levels.
- Rising popularity of fitness activities: The popularity of fitness activities such as running, jogging and hiking has surged in recent years, leading to an increase in instancesof Ankle Injuries . This provides a major opportunity for players operatingin Ankle Supports & Braces market as they can capitalize on this trend by marketing their products specifically towards athletesand sports enthusiasts .
- . Technological advancements: With technological advancements being made at a rapid pace across all industries , it was only matterof time before this filtered into Ankle Supports & Braces market as well . Players are now introducing new product variants that are equipped with advanced features
Scope Of The Report
Report Attributes
Report Details
Report Title
Ankle Supports & Braces Market Research Report
By Type
Metal Material Product, Alloy Material Product, Resin Material Product
By Application
Osteoarthritis, Rheumatoid Arthritis, Post-Traumatic Arthritis, Others
By Companies
BSN Medical, Med Spec, Bauerfeind, DeRoyal Industries, DJO Global, Ossur, Ottobock, BSN Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Ankle Supports & Braces Market Report Segments:
The global Ankle Supports & Braces market is segmented on the basis of:
Types
Metal Material Product, Alloy Material Product, Resin Material Product
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Osteoarthritis, Rheumatoid Arthritis, Post-Traumatic Arthritis, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BSN Medical
- Med Spec
- Bauerfeind
- DeRoyal Industries
- DJO Global
- Ossur
- Ottobock
- BSN Medical
Highlights of The Ankle Supports & Braces Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal Material Product
- Alloy Material Product
- Resin Material Product
- By Application:
- Osteoarthritis
- Rheumatoid Arthritis
- Post-Traumatic Arthritis
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ankle Supports & Braces Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ankle supports and braces are devices that help to support the ankle joint. They can be used to treat a variety of conditions, including arthritis, sprains, and fractures.
Some of the key players operating in the ankle supports & braces market are BSN Medical, Med Spec, Bauerfeind, DeRoyal Industries, DJO Global, Ossur, Ottobock, BSN Medical.
The ankle supports & braces market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ankle Supports & Braces Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ankle Supports & Braces Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ankle Supports & Braces Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ankle Supports & Braces Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ankle Supports & Braces Market Size & Forecast, 2018-2028
4.5.1 Ankle Supports & Braces Market Size and Y-o-Y Growth
4.5.2 Ankle Supports & Braces Market Absolute $ Opportunity
Chapter 5 Global Ankle Supports & Braces Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ankle Supports & Braces Market Size Forecast by Type
5.2.1 Metal Material Product
5.2.2 Alloy Material Product
5.2.3 Resin Material Product
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ankle Supports & Braces Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ankle Supports & Braces Market Size Forecast by Applications
6.2.1 Osteoarthritis
6.2.2 Rheumatoid Arthritis
6.2.3 Post-Traumatic Arthritis
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ankle Supports & Braces Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ankle Supports & Braces Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ankle Supports & Braces Analysis and Forecast
9.1 Introduction
9.2 North America Ankle Supports & Braces Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ankle Supports & Braces Market Size Forecast by Type
9.6.1 Metal Material Product
9.6.2 Alloy Material Product
9.6.3 Resin Material Product
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ankle Supports & Braces Market Size Forecast by Applications
9.10.1 Osteoarthritis
9.10.2 Rheumatoid Arthritis
9.10.3 Post-Traumatic Arthritis
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ankle Supports & Braces Analysis and Forecast
10.1 Introduction
10.2 Europe Ankle Supports & Braces Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ankle Supports & Braces Market Size Forecast by Type
10.6.1 Metal Material Product
10.6.2 Alloy Material Product
10.6.3 Resin Material Product
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ankle Supports & Braces Market Size Forecast by Applications
10.10.1 Osteoarthritis
10.10.2 Rheumatoid Arthritis
10.10.3 Post-Traumatic Arthritis
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ankle Supports & Braces Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ankle Supports & Braces Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ankle Supports & Braces Market Size Forecast by Type
11.6.1 Metal Material Product
11.6.2 Alloy Material Product
11.6.3 Resin Material Product
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ankle Supports & Braces Market Size Forecast by Applications
11.10.1 Osteoarthritis
11.10.2 Rheumatoid Arthritis
11.10.3 Post-Traumatic Arthritis
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ankle Supports & Braces Analysis and Forecast
12.1 Introduction
12.2 Latin America Ankle Supports & Braces Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ankle Supports & Braces Market Size Forecast by Type
12.6.1 Metal Material Product
12.6.2 Alloy Material Product
12.6.3 Resin Material Product
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ankle Supports & Braces Market Size Forecast by Applications
12.10.1 Osteoarthritis
12.10.2 Rheumatoid Arthritis
12.10.3 Post-Traumatic Arthritis
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ankle Supports & Braces Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ankle Supports & Braces Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ankle Supports & Braces Market Size Forecast by Type
13.6.1 Metal Material Product
13.6.2 Alloy Material Product
13.6.3 Resin Material Product
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ankle Supports & Braces Market Size Forecast by Applications
13.10.1 Osteoarthritis
13.10.2 Rheumatoid Arthritis
13.10.3 Post-Traumatic Arthritis
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ankle Supports & Braces Market: Competitive Dashboard
14.2 Global Ankle Supports & Braces Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BSN Medical
14.3.2 Med Spec
14.3.3 Bauerfeind
14.3.4 DeRoyal Industries
14.3.5 DJO Global
14.3.6 Ossur
14.3.7 Ottobock
14.3.8 BSN Medical
