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Orthopedic Braces & Support, Casting and Splints - Global Market Trajectory & Analytics

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    Report

  • 499 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4806477

Global Orthopedic Braces & Support, Casting and Splints Market to Reach $8.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Orthopedic Braces & Support, Casting and Splints estimated at US$5.6 Billion in the year 2020, is projected to reach a revised size of US$8.3 Billion by 2027, growing at a CAGR of 5.7% over the period 2020-2027. Orthopedic Braces & Supports, one of the segments analyzed in the report, is projected to record a 5.7% CAGR and reach US$4.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Casting Supplies & Equipment segment is readjusted to a revised 6.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 7.6% CAGR

The Orthopedic Braces & Support, Casting and Splints market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 7.6% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$867.8 Million by the year 2027.

Splinting Supplies & Equipment Segment to Record 5.1% CAGR

In the global Splinting Supplies & Equipment segment, USA, Canada, Japan, China and Europe will drive the 5.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$820.3 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 6% CAGR through the analysis period.

Select Competitors (Total 146 Featured)

  • 3M Company
  • Bauerfeind AG
  • Becker Orthopedic
  • Bird & Cronin, LLC
  • Breg, Inc.
  • DeRoyal Industries, Inc.
  • DJO, LLC
  • Medi GmbH & Co. KG
  • Orfit Industries N.V.
  • Össur Hf
  • Ottobock SE & Co. KGaA
  • Prime Medical, Inc.
  • Spencer Italia S.r.l.
  • Stryker Corporation
  • Trulife

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Orthopedic Braces & Support, Casting and Splints

What is the estimated value of the Global Market for Orthopedic Braces & Support, Casting and Splints?

The Global Market for Orthopedic Braces & Support, Casting and Splints was estimated to be valued at $5.6 Billion in 2020.

What is the growth rate of the Global Market for Orthopedic Braces & Support, Casting and Splints?

The growth rate of the Global Market for Orthopedic Braces & Support, Casting and Splints is 5.8%, with an estimated value of $8.3 Billion by 2027.

What is the forecasted size of the Global Market for Orthopedic Braces & Support, Casting and Splints?

The Global Market for Orthopedic Braces & Support, Casting and Splints is estimated to be worth $8.3 Billion by 2027.

Who are the key companies in the Global Market for Orthopedic Braces & Support, Casting and Splints?

Key companies in the Global Market for Orthopedic Braces & Support, Casting and Splints include 3M Company, Bauerfeind AG, Becker Orthopedic, Bird & Cronin, LLC, Breg, Inc., DeRoyal Industries, Inc., DJO, LLC, Medi GmbH & Co. KG and Össur Hf.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Orthopedic Braces & Support, Casting and Splints - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • COVID 19 Immobilizes Orthopedic Patients
  • Impact of COVID-19 on Orthopedic Braces & Support, Casting and Splints
  • Global Market Prospects and Outlook
  • Global Orthopedic Braces & Support, Casting and Splints Market Set to Witness Robust Growth
  • The US Corners Largest Market Share Globally
  • Percentage of Adults in the US with Arthritis in 2019, by Gender for Select States
  • Developing Regions Exhibit the Fastest Growth
  • Segment Analysis
  • Orthopedic Braces & Support Account for a Major Share
  • Types of Orthopedic Braces and Supports and Application Areas
  • Orthopedic Casting and Splinting Segment Also to Show Rapid Growth
  • Competitive Landscape
  • Orthopedic Braces and Support Devices
  • Orthopedic Casting and Splinting Segment
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Aging Population and the Associated Orthopedic Disorders Drive the Demand for Orthopedic Braces & Support, Casting and Splints Market
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • Rise in Healthcare Expenditure to Drive Growth
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Rising Incidence of Musculoskeletal Disorders - A Key Propeller of Orthopedic Braces, Casting and Splints Market
  • Select Musculoskeletal Conditions - Percentage Breakdown by Age Group
  • Rising Incidents of Sports Injuries Stirs Demand for Orthopedic Braces
  • Increase in Number of Fractures and Rise in incidence of Delayed Union & Nonunion Bone Fractures Elevates Demand for & Support, Casting and Splints
  • Percentage Share Breakdown of Number of Fractures by Age Group: 2019
  • Growing Incidence of Osteoporosis Drives the Orthopedic Braces Market
  • Osteoporosis and Other Bone Related Health Concerns: Factsheet
  • Global Osteoporosis Prevalence by Country/Region (2012 & 2022P): Number of People with Osteoporosis in Millions for US, EU, Japan, China and India
  • % of Women Affected by Osteoporosis
  • Orthopedic Braces & Support, Casting and Splints Find Increasing Demand in Treatment of Osteoarthritis and Rheumatoid Arthritis
  • Orthopedic Braces Find Increasing Usage in Spinal Fusion
  • US Spinal Fusion Surgery Market: Percentage Breakdown of Procedure Volume by Age Group
  • Epidemic Proportion of Obesity Fuels the Demand for Orthopedic Braces & Support, Casting and Splints
  • Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
  • Average Per Capita Annual Health Expenditure (In US$) due to Obesity
  • Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
  • Key Contributing Categories
  • Knee Braces
  • Compression Knee Sleeves
  • Back Braces
  • Back Support & Abdominal Binders
  • Technological Advancements Drive Market Growth
  • Greater Affordability of the Orthopedic Braces to Spur Market Expansion
  • Online and Retail Channels for Orthopedic Braces Witness Increased Popularity
  • Limited Availability of Curated Orthopedic Braces and Support - A Concern
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Orthopedic Braces & Support, Casting and Splints by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Orthopedic Braces & Support, Casting and Splints by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Orthopedic Braces & Support, Casting and Splints by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Orthopedic Braces & Supports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Orthopedic Braces & Supports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Orthopedic Braces & Supports by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Casting Supplies & Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Casting Supplies & Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Casting Supplies & Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Splinting Supplies & Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Splinting Supplies & Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Splinting Supplies & Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Orthopedic Clinics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Orthopedic Clinics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Orthopedic Clinics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for Hospitals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Over-the-Counter by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Over-the-Counter by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Over-the-Counter by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 24: World 15-Year Perspective for Online by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Orthopedic Braces & Support, Casting and Splints Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Orthopedic Braces & Support, Casting and Splints Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Orthopedic Braces & Support, Casting and Splints Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Orthopedic Braces & Support, Casting and Splints Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Orthopedic Braces & Support, Casting and Splints Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Orthopedic Braces & Support, Casting and Splints Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Orthopedic Braces & Support, Casting and Splints Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Orthopedic Braces & Support, Casting and Splints Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Orthopedic Braces & Support, Casting and Splints Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Orthopedic Braces & Support, Casting and Splints Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Orthopedic Braces & Support, Casting and Splints Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Orthopedic Braces & Support, Casting and Splints Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Orthopedic Braces & Support, Casting and Splints Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 146

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M Company
  • Bauerfeind AG
  • Becker Orthopedic
  • Bird & Cronin, LLC
  • Breg, Inc.
  • DeRoyal Industries, Inc.
  • DJO, LLC
  • Medi GmbH & Co. KG
  • Orfit Industries N.V.
  • Össur Hf
  • Ottobock SE & Co. KGaA
  • Prime Medical, Inc.
  • Spencer Italia S.r.l.
  • Stryker Corporation
  • Trulife