Back Brace Market Study - Research Paper Example

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Back Brace Market Study

In spite of the efforts of cost containment by pricing, Data Analysis, and Coding (PDAC), manufacturers’ efforts are directed at the manufacturing of back braces that would give more reimbursement.
Back braces have exhibited a fairly busy market over the past few years. They have been available with an exclusive selection of good quality surgical, healthcare, and medical products. Chiropractors and doctors have been commonly prescribing the patients the use of back braces for back pain ever since it has been introduced into the market. Back have injury is not an uncommon condition and the human and economic costs of experiencing it have increased over the years. This is why, more and more companies are resorting to using measures with or without sound ergonomics programs. One of such measures has been to wear back belts. While the decision to wear it is largely a matter of personal choice, the National Institute for Occupational Safety and Health (NIOSH) is of the opinion that employers and workers should not make the decision of wearing it without the best available information (CDC, 2014). Rather than relying on back braces as a “cure all” equipment for back injury, companies should tend to reduce the lifting tasks’ rights through prevention measures.
The bracing and supports market in the US is anticipated to have exceeded $2.48 billion by the year 2018 (PR Newswire, 2012). The bracing and supports market in the US comprises bracing and supports for knee, ankle, spinal orthoses, upper extremity soft goods and bracing, and back soft goods. The aging US population, increasing braces’ use for prevention of sporting injuries, and growing osteoarthritis and obesity are some of the prime factors behind the expected moderate growth of these markets. Growth of the spinal orthosis segment is expected to supersede the growth of other markets because of a strong correlation that ...Show more

Summary

Since back brace are typically associated with aging process, increase in the shift of demographics of the American population toward the elderly brings about a corresponding increase in the incidence…
Author : archibald82
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