1 in 3 women over age 50 will experience osteoporotic fractures, as will 1 in 5 elderly men over 50. 82%, 75 %, 70% and 58% of forearm, humerus, hip and backbone fractures, respectively, occur in women. Typical, 61% of osteoporotic fractures arise in women, with a woman-to-male ratio of 1:6. Almost 75% of hip, spine and distal forearm fractures occur among patients 65 years antique or over. A 10% loss of bone mass inside the vertebrae can double the chance of vertebral fractures, and in addition, a 10% loss of bone mass within the hip can result in a 2.5 times more chance of hip fracture.
By 2050, the global prevalence of hip fracture in men is projected to grow via 310% and 240% in women, as compared the numbers in 1990. The combined lifetime threat for hip, forearm and vertebral fractures coming to clinical interest is around 40%, equal to the hazard for the cardiovascular disorder.
Osteoporosis takes a big personal and economic toll. In US, the incapacity due to osteoporosis is greater than that because of cancers (except for lung most cancers) and is comparable or greater than that misplaced to a variety of chronic no communicable sicknesses, together with rheumatoid arthritis, allergies and high blood pressure associated coronary heart disorder.
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Key trends and restrains
Developing demand for OTC orthopedic braces a few of the geriatric populace is predicted to reinforce the OTC orthopedic braces market. Increasing occurrences of the bone-degenerative illnesses, obesity, and other illnesses is predicted to fuel the marketplace growth within the near future. Smooth availability of OTC orthopedic braces via e-commerce is likewise predicted to drive the market. Moreover, recognition of the orthopedic braces as a safety measure is positively impacting the worldwide OTC orthopedic braces marketplace increase. Rising youngsters participation in the sports activities and growing occurrences of orthopedic injuries may open up new increase opportunities in the international market as well along with North American market. However, restrained economic support is offered for OTC orthopedic braces which may bog down the increase of the OTC orthopedic braces market.
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Demographically
North America is geographically segmented into USA and Canada. The overall market is to witness a growth of CAGR of 5.1% and a forecasted market value of USD 0.403 billion by 2021
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Some of the major competitors dominating the 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.
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