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Global Orthopedic Braces And Support Devices And Equipment Market Share, Size 2023 Comprehensive Insights, Future Demand, Industry Overview, Business Strategies, and Regional Forecast to 2032 | DJO Global, Bauerfeind AG, Otto Bock Healthcare GmbH, Breg, I
Orthopedic Braces And Support Devices And Equipment Market
As per the Orthopedic Braces And Support Devices And Equipment market report by The Business Research Company, The rise in the 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 weaken with age. For example, In the US 70% of the population aged between 50-70 years suffers from osteoarthritis and is likely to increase further in the forecast period.
The global orthopedic braces and support devices and equipment market size will grow from $3.86 billion in 2022 to $4.08 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The orthopedic braces and support devices and equipment market size is expected to grow to $4.98 billion in 2027 at a CAGR of 5.1%.
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Major competitors in the Orthopedic Braces And Support Devices And Equipment market include DJO Global, Bauerfeind AG, Otto Bock Healthcare GmbH, Breg, Inc., Ossur Hf, DeRoyal Industries, Inc., BSN Medical, Medi GmbH & Co. KG, THUASNE Group, 3M Company, and Lohmann & Rauscher.
The Orthopedic Braces And Support Devices And Equipment market is segmented -
•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. North America was the largest region in global orthopedic devices and equipment market in 2022.
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Orthopedic braces and support devices and equipment are primarily used in injury prevention, injury rehabilitation, post-operative care, and osteoarthritic care.
The main types of orthopedic braces and support devices and equipment are lower extremity braces, upper extremity braces, back, and hip braces, and other braces. Lower extremity braces are the braces that are used to support the ankle, foot, knee, and hip and are used in various applications. The various products are soft and elastic braces and supports, hinged braces and supports, and hard and rigid braces and support that are used by hospitals, home healthcare, clinics, and other end-users.
The Table Of Content For The Orthopedic Braces And Support Devices And Equipment Market Include:
1. Executive Summary
2. Orthopedic Braces And Support Devices And Equipment Market Characteristics
3. Orthopedic Braces And Support Devices And Equipment Market Trends And Strategies
4. Orthopedic Braces And Support Devices And Equipment Market - Macro Economic Scenario
5. Orthopedic Braces And Support Devices And Equipment Market Size And Growth
……
26. Africa Orthopedic Braces And Support Devices And Equipment Market
27. Orthopedic Braces And Support Devices And Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Orthopedic Braces And Support Devices And Equipment Market
29. Orthopedic Braces And Support Devices And Equipment Market Future Outlook and Potential Analysis
30. Appendix
The "Global Orthopedic Braces And Support Devices And Equipment Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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Market Overview
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Key drivers fueling market growth include a growing geriatric population and an increase in the number of sports-related injuries among athletes.
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