According to the research report titled ‘Global Bracing and Support (B&S) Market - Analysis By Product, By Type, By End User, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)’, available with MarketStudyReport, global bracing and support (B&S) market which was valued at 4433.83 million in the year 2021, is expected to record a decent year-over-year growth during the forecast timeframe and amass a nominal valuation by the end of 2027.

Expert analysts opine that surging prevalence of chronic diseases such as nerve disorders that impact the spinal cord of patients, increasing geriatric population, and escalating incidences of sports-related injuries are the major factors driving global bracing and support (B&S) market growth.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4967862/   

Aside from this, technological advancements, rising adoption of universal health coverage in emerging and developed countries, amplifying healthcare expenditure, and new product launches will support the profitability graph of the industry during the study period.

The onset of the COVID-19 pandemic and the ensuing lockdown restrictions over the past few years gave rise to major challenges such as decline in the number of patients opting for treatments for spinal or nerve disorders that severely hampered the revenue margins of top industry players during those tough times.

However, to further their scope for profits and retain their stance in the unprecedented times, several companies are currently focusing on research & development activities, thus enabling the market to grow. .

Moving on, global bracing and support (B&S) industry is bifurcated on the basis of product, type, and end users. Each segment is critically examined via consumption patterns, market size, and volume to facilitate a clear understanding of the evolving dynamics over the forecast timeframe.

In terms of product type, the industry is divided into upper extremity braces & support, lower extremity braces & support, and spinal braces & support. Based on type, the market is split into elastic braces & support, and rigid braces & support. Concerning end-user ambit, the business landscape is classified into hospitals, clinics, and over-the-counter.

Geographically, North America, Europe, and Asia Pacific are the key regions that contribute significantly to overall market share during the study period. It is worth mentioning that North America accounted for a notable market share in 2021 and is poised to expand at a modest CAGR through the analysis timeframe.

The competitive landscape of worldwide bracing and support (B&S) market is primarily influenced by acclaimed firms such as Thuasne USA, Bauerfeind AG, Otto Bock Inc., Orthofix Medical Inc., The 3M Company, Trulife Inc., DeRoyal Industries, Colfax Corporation, and Zimmer Biomet Holdings Inc.