Orthopedic Brace and Support Business

The Orthopedic Brace and Support Supplies business will become an online retailer of medical and sports related braces and straps for various body regions such as the knee, elbow, ankle, and back.

 

  • Description

Description

 Market Research

The global orthopedic braces and support systems market size was valued at USD 3.1 billion in 2015 and is expected to witness an attractive growth projected to reach USD 8.24 Billion by 2022 from USD 5.78 Billion in 2017. Rising incidence of osteoarthritis is considered as one of the key drivers for the market. It is the most common form of arthritis affecting population of all ages.

Geriatric population is considered as one of the highest contributors to demand for orthopedic braces and supports. This population is highly susceptible to musculoskeletal disorders. Bones and connecting tissues, such as ligaments and cartilages, naturally weaken with growing age.

Sports-related injuries are rising with growing number of sports activities. Athletes are focused on fitness-related activities such as running, cycling, and others. While gaining health benefits through such activities, they are likely to sustain injuries, which can lead to ligament injury. Athletes also use orthopedic braces to protect themselves from further injury during sports activities.

There were over 10,000 people in Australia searching various terms such as knee brace, ankle strap and wrist brace. Knee brace was the highest term with 5400 searched per month. Worldwide there were over 200,000 searches for various braces and straps monthly on Google with 135,000 searches alone for knee brace.

Please Note: The data shown above is derived solely from the Google search engine and does not consider search data and volume from other search engines.

The Potential

The Orthopedic Brace and Support Supplies business will become an online retailer of medical and sports related braces and straps for various body regions such as the knee, elbow, ankle, and back.

The business owner will be able to supply both consumers and businesses in Australia and various other countries with both pre-branded and with custom branding and packaging.

Profitability

Using the search data above, we take the sale price of a typical knee brace is $35. Purchasing this directly from our Manufacturer will cost approx $6.00, giving this product a markup of approx 480%. Therefore, if profit is $29 and you converted 0.5% of the 5400 monthly searches for knee braces, your revenue will be $29 x 270 (Sales) = $7,830 / month ** Minus Advertising Costs.

** Please keep in mind that any potential earnings or income mentioned is general in nature and dependent on a variety of factors. It is to be used strictly as a guide only.

*** Profit potential also doesn’t include other forms of advertising that can be employed by the owner such as B2B email mailouts, Facebook & Instagram Marketing, Online support groups and more.

Suppliers

Suppliers for this business have been sourced and verified for this business from multiple countries and have been trading for over 5 years. Minimum stock order requirements are very low and certain products have no minimum requirements.

Our import team will always negotiate and liaise with suppliers to enquire that not only are products are of the highest quality, but pricing is always excellent including shipping costs.Furthermore by designing your own custom packaging and stationery, brand awareness will drive higher levels of traffics and sales.

If carrying your own stock or branding is not something that is essential, then this business can be operated solely on a drop ship basis which doesn’t require the operator to hold any stock. This alternative model for this business allows for products to be directly shipped to customers without carrying any stock.

Our system provides  automatic stock level updates, in-built supplier verification system and one-click ordering from various supplies from a marketplace consisting of over 10,000 suppliers.

Inclusions

  • Domain Name Research & Suggestions
  • Transfer & Ownership of domain name.
  • Professionally Designed Logo
  • Australian Developed Ecommerce Ready Website.
  • Custom Designed Website Graphics
  • Page Content Writing
  • Product Import Management
  • Reliable Supplier Contacts
  • Supplier Liaison and Price Negotiation
  • Product Catalog Setup & Import
  • Product Category Set up
  • Import of 200 – 350 Products
  • Transfer of Hosted Database
  • Set up of New Hosting and Transfer
  • Built-in Advanced Drop-Ship System
  • Automatic Supplier Score Feature
  • Custom Stationary Design
  • Ownership of all master graphics, banners and logos.
  • Instagram Business Account
  • Facebook Business Page
  • Custom Facebook Marketing Campaign
  • Google AdWords Campaign
  • Ebay Shop Integration
  • Accounting Software Integration
  • Site Speed Optimization
  • Search Engine Optimization
  • Multi Currency Converter
  • Custom Designed Facebook Adverts & Banner
  • Stripe / Afterpay Payment Setup
  • Paypal Payment Setup
  • 50+ Hours of Marketing Training Videos
  • Personal 1 on 1 Training Sessions
  • 12 Months of Support by Email, Skype and Phone
  • Lifetime Business Technical Support

More Information

For more information and to answer any more questions you may have regarding this business opportunity, please do not hesitate to contact us .