Growing awareness regarding preventive care, feasibility of products, and rising investments in advanced product launches are key factors driving market revenue growth.
Market Size - USD 4.29 Billion in 2020, Market Growth - CAGR of 5.7%, Market Trends - Availability of health coverage services from various private and group insurance plans in various developed countries.
The global orthopedic braces and supports market size is expected to reach USD 6.64 Billion in 2028, and register a CAGR of 5.7% during the forecast period. Availability of products at reasonable prices, rising awareness regarding benefits of orthopedic braces and supports, rising occurrences of accidental injuries, advancements in technology, cognizance pertaining to bones and joints, and growing incidence of sports related injuries are some of the major factors expected to drive market growth.
Orthopedic braces, orthosis, and orthopedic splints offer rehabilitation and recovery, and safeguard, stabilize, upkeep, and correct abnormal alignment and injuries.
Some Key Findings From the Report:
For the purpose of this report, the global orthopedic braces and supports market is segmented on the basis of type, product, application, end use, and region:
Type Outlook (Revenue, USD Billion; 2018 - 2028)
Product Outlook (Revenue, USD Billion; 2018 - 2028)
Application Outlook (Revenue, USD Billion; 2018 - 2028)
End Use Outlook (Revenue, USD Billion; 2018 - 2028)
Region Outlook (Revenue, USD Billion; 2018 - 2028)
Reasons to Buy the Report
Market Size - USD 4.29 Billion in 2020, Market Growth - CAGR of 5.7%, Market Trends - Availability of health coverage services from various private and group insurance plans in various developed countries.
The global orthopedic braces and supports market size is expected to reach USD 6.64 Billion in 2028, and register a CAGR of 5.7% during the forecast period. Availability of products at reasonable prices, rising awareness regarding benefits of orthopedic braces and supports, rising occurrences of accidental injuries, advancements in technology, cognizance pertaining to bones and joints, and growing incidence of sports related injuries are some of the major factors expected to drive market growth.
Orthopedic braces, orthosis, and orthopedic splints offer rehabilitation and recovery, and safeguard, stabilize, upkeep, and correct abnormal alignment and injuries.
Some Key Findings From the Report:
- Among the end use segments, the hospitals segment accounted for the largest revenue share of 41.3% in 2020, due to well-resourced diagnostic rooms, and availability of highly skilled healthcare professionals are factors expected to drive revenue growth of this segment.
- In 2020, the Asia Pacific market accounted for the third-largest revenue share in the global market, valued at USD 1.18 Billion.
- Key players profiled in the report include Bauerfeind AG, Össur Hf, DJO Finance LLC, Breg, Inc., DeRoyal Industries, Inc., Bird & Cronin, Inc., Ottobock Holding GmbH & Co. KG, BSN medical, Zimmer Biomet Holdings, Inc., Oppo Medical, LLC, Becker Orthopedic, Thuasne Group, 3M Company, Reh4Mat, and United Ortho, Malvern Panalytical Ltd., HORIBA, Ltd., Unchained Labs, and SETARAM Instrumentation. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
- In June 2019, Cortec Group, which is a New York-based private equity firm, acquired California-based developer of innovative spinal bracing - Aspen Medical Products LLC.
- In March 2019, Bauerfeind USA, Inc., which is a US-based manufacturer of orthopedic braces and supports, entered into a distribution partnership with AliMed, Inc.
For the purpose of this report, the global orthopedic braces and supports market is segmented on the basis of type, product, application, end use, and region:
Type Outlook (Revenue, USD Billion; 2018 - 2028)
- Soft and elastic
- Hard and rigid
- Hinged braces
- Other braces and supports
Product Outlook (Revenue, USD Billion; 2018 - 2028)
- Elbow and Forearm
- Wrist-Hand
- Shoulders
- Ankle and Foot
- Knee
- Spine and Neck
Application Outlook (Revenue, USD Billion; 2018 - 2028)
- Injury Rehabilitation
- Injury Prevention
- Osteoarthritis Care
- Post-Operative Care
- Others
End Use Outlook (Revenue, USD Billion; 2018 - 2028)
- Hospitals
- Healthcare centers
- Clinics
- Research institutes
- Others
Region Outlook (Revenue, USD Billion; 2018 - 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Orthopedic Braces and Supports Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Orthopedic Braces and Supports Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Global Orthopedic Braces and Support Segmentation & Impact Analysis
Chapter 5. Global Orthopedic Braces and Support Market by Type Insights & Trends
Chapter 6. Global Orthopedic Braces and Support Market by Product Insights & Trends
Chapter 7. Global Orthopedic Braces and Support Market by Application Type Insights & Trends
Chapter 8. Global Orthopedic Braces and Support Market by End User Insights & Trends
Chapter 9. Global Orthopedic Braces and Support Market Regional Outlook
Chapter 10. Competitive Landscape
Chapter 11. Company Profiles
Companies Mentioned
- Bauerfeind AG
- Össur Hf
- DJO Finance LLC
- Breg Inc.
- DeRoyal Industries Inc.
- Bird & Cronin Inc.
- Ottobock Holding GmbH & Co. KG
- BSN medical
- Zimmer Biomet Holdings Inc.
- Oppo Medical LLC
- Becker Orthopedic
- Thuasne Group
- 3M Company
- Reh4Mat
- United Ortho
- Malvern Panalytical Ltd.
- HORIBA Ltd.
- Unchained Labs
- SETARAM Instrumentation