Orthopedic Braces And Support Devices And Equipment Market Size, Share, Growth Survey 2020 to 2030 and Industry Analysis Report | Covid 19 Impact And Recovery

The Business Research Company offers "Orthopedic Braces And Support Devices And Equipment Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global orthopedic braces and support devices and equipment market is expected to decline from $4.1 billion in 2019 to $3.2 billion in 2020 at a compound annual growth rate (CAGR) of -21.8%. The decline is mainly due to COVID-19 outbreak and the measures to contain it. Several medical care facilities in affected countries have been completely closed or have been only providing minimal treatment for emergency cases. The orthopedic surgeries have been postponed and in some cases cancelled due the nations lockdown. The restrictions on non-essential medical services including orthopedic services coupled with slowed production of orthopedic devices and implants due to extending factory closures in various countries is contributing to the markable decline in the market growth. The market is then expected to recover and grow at a CAGR of 5.9% from 2021 and reach $5.1 billion in 2023.

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The orthopedic braces and support devices and equipment market consists of sales of orthopedic braces and support devices and equipment and related services. Orthopedic braces and support systems are primarily used in injury prevention, injury rehabilitation, post-operative care and osteoarthritic care. These are also used to protect, support and strengthen the joints and muscles and are used by atheltes to prevent themselves from injuries. The orthopedic braces and support devices and equipment market is segmented into lower extremity braces, upper extremity braces and back and hip braces.

Rise in geriatric population is driving the orthopedic braces and support devices and equipment market. Elderly people are more prone to injuries as their bones and connective tissues weakens with age. For example, In US 70% of the population aged between 50-70 years suffers from osteoarthritis and is likely to increase further in the forecast period. This is one of the major contributing factor for the growth of this market. High adoption of pain medications worldwide restraints the growth of orthopedic braces and support devices market.

Orthopedic Braces And Support Devices And Equipment Market Segmentation: -
By Type
Lower extremity braces
Upper extremity braces
Back and hip braces
Other braces

By End User
Hospitals
Home Healthcare
Clinics
Other End-Users

By Product
Soft & Elastic Braces and Supports
Hinged Braces and Supports
Hard & Rigid Braces and Supports

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Few Points From Table Of Content
1. Executive Summary
2. Orthopedic Braces And Support Devices And Equipment Market Characteristics
3. Orthopedic Braces And Support Devices And Equipment Market Size And Growth
4. Orthopedic Braces And Support Devices And Equipment Market Segmentation
5. Orthopedic Braces And Support Devices And Equipment Market Regional And Country Analysis
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25. Orthopedic Braces And Support Devices And Equipment Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Orthopedic Braces And Support Devices And Equipment Market
27. Orthopedic Braces And Support Devices And Equipment Market Trends And Strategies
28. Orthopedic Braces And Support Devices And Equipment Market Future Outlook and Potential Analysis
29. Appendix

The report covers the trends and market dynamics of the Orthopedic Braces And Support Devices And Equipment Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Orthopedic Braces And Support Devices And Equipment Market are Arthrex, Inc., Smith & Nephew, ConMed Corporation, Stryker, Medtronic.

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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