Here are five key facts:
1. Some of the conditions driving the market include osteoarthritis, sports injuries, obesity, orthopedic surgeries and osteoporosis.
2. Other factors contributing to the growing market include stock and bill programs enabling manufacturers to bill payers directly.
3. Additionally, the elderly are engaging in more active lifestyles, leading to higher rates of osteoporosis.
4. Knee support comprises 57 percent of this market and is projected to grow by 6.2 percent CAGR from 2015 to 2020.
5. The market consists of knee braces and supports, foot and ankle braces and supports, spinal orthoses, upper extremity braces and supports as well as leg walkers.
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