The global orthopedic braces and support, casting, and splints market is highly fragmented and is marked by the presence of a large number of international as well as local players. Distributors around the world are collaborating with small manufacturers to offer off-label products with a high profit margin, notes Transparency Market Research.
“Technological advancements and product diversity are the two key growth strategies adopted by players in this market,” the author of the report notes. For instance, in May 2015, BSN Medical GmbH launched six new wound care products, of which, three are based on the company’s dialkyl carbamoyl chloride (DACC) technology. These new products have contributed significantly to the company’s annual revenue.