The global orthopedic braces and supports market size reached US$ 4.1 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 5.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
Braces and supports are orthopedic equipment which are used externally for holding, aligning, correcting and supporting certain parts of the body while healing from an injury. They are manufactured using specialized materials with intelligent designs that offer intense targeted support to the knee, spine, foot, ankle, upper elbow, shoulder, hip and other body parts. Braces and supports also aid in safeguarding joints after surgeries and offer a sense of mobility to the patients suffering from musculoskeletal problems.
2. What are the key factors driving the global orthopedic braces and supports market?
3. What has been the impact of COVID-19 on the global orthopedic braces and supports market?
4. What is the breakup of the global orthopedic braces and supports market based on the product?
5. What is the breakup of the global orthopedic braces and supports market based on the type?
6. What is the breakup of the global orthopedic braces and supports market based on the application?
7. What is the breakup of the global orthopedic braces and supports market based on the end-user?
8. What are the key regions in the global orthopedic braces and supports market?
9. Who are the key companies/players in the global orthopedic braces and supports market?
Braces and supports are orthopedic equipment which are used externally for holding, aligning, correcting and supporting certain parts of the body while healing from an injury. They are manufactured using specialized materials with intelligent designs that offer intense targeted support to the knee, spine, foot, ankle, upper elbow, shoulder, hip and other body parts. Braces and supports also aid in safeguarding joints after surgeries and offer a sense of mobility to the patients suffering from musculoskeletal problems.
Global Orthopedic Braces and Supports Market Drivers:
- In comparison with invasive treatments, braces and supports are less painful, assist in quick recovery and reduce the incidences of post-surgical complications. On account of these factors, orthopedic braces and supports are preferred by patients worldwide.
- Nowadays, consumers spend a significant part of their day in front of PCs, TVs and smart devices which result in the development of minor and major musculoskeletal deformities and dysfunctions. As a result, the demand for braces and supports is proliferating at a healthy rate.
- The geriatric population is at a relatively higher risk of developing spondylitis, osteoarthritis, degenerative disc disease, and other mobility issues. Therefore, the growing elderly population is also contributing to the sales of braces and supports across the globe.
- Manufacturers are developing pliable braces with a simplified user-interface, considering the requirements of consumers. They are also incorporating Velcro instead of laces to enable easy application and pulley systems in lumbar supports to allow easy customization.
- Technological advancements have led to significant improvements in modeling and material technology and increased flexibility, contouring, and utilization of low-weight materials. Innovations have also led to the incorporation of advanced data sensors and synchronization systems.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global orthopedic braces and supports market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, type, application and end-user.Breakup by Product:
- Lower Extremity Braces and Supports
- Spinal Braces and Supports
- Upper Extremity Braces and Supports
Breakup by Type:
- Soft and Elastic Braces and Supports
- Hinged Braces and Supports
- Hard and Rigid Braces and Supports
Breakp by Application:
- Ligament Injury
- Preventive Care
- Post-Operative Rehabilitation
- Osteoarthritis
- Others
Breakup by End-User:
- Orthopedic Clinics
- Hospitals and Surgical Centers
- Over-the-Counter (OTC) Platforms
- Others
Regional Insights:
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
Competitive Landsacpe:
The competitive landscape of the market has also been examined with some of the key players being Breg, Inc., Össur Hf, Bauerfeind AG, BSN Medical, DJO Finance LLC, 3M Company, Otto Bock Healthcare, Deroyal Industries, Inc., Medi GmbH & Co. KG, Thuasne Group, Alcare Co., Ltd, Zimmer Biomet Holdings, Inc., Trulife, Remington Products Company and Bird & Cronin.Key Questions Answered in This Report
1. 2. What is the expected growth rate of the global orthopedic braces and supports market during 2023-2028?2. What are the key factors driving the global orthopedic braces and supports market?
3. What has been the impact of COVID-19 on the global orthopedic braces and supports market?
4. What is the breakup of the global orthopedic braces and supports market based on the product?
5. What is the breakup of the global orthopedic braces and supports market based on the type?
6. What is the breakup of the global orthopedic braces and supports market based on the application?
7. What is the breakup of the global orthopedic braces and supports market based on the end-user?
8. What are the key regions in the global orthopedic braces and supports market?
9. Who are the key companies/players in the global orthopedic braces and supports market?
Table of Contents
1 Preface3 Executive Summary12 Global Orthopedic Braces and Supports Industry: Value Chain Analysis14 Global Orthopedic Braces and Supports Industry: Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Orthopedic Braces and Supports Market
6 Market Breakup by Product
7 Market Breakup by Type
8 Market Breakup by Application
9 Market Breakup by End-User
10 Market Breakup by Region
11 Global Orthopedic Braces and Supports Industry: SWOT Analysis
13 Global Orthopedic Braces and Supports Industry: Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Breg Inc.
- Össur Hf
- Bauerfeind AG
- BSN Medical
- DJO Finance LLC
- 3M Company
- Otto Bock Healthcare
- Deroyal Industries Inc.
- Medi GmbH & Co. KG
- Thuasne Group
- Alcare Co. Ltd
- Zimmer Biomet Holdings Inc.
- Trulife
- Remington Products Company
- Bird & Cronin
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 144 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 4.1 Billion |
| Forecasted Market Value ( USD | $ 5.3 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
