Sales of Orthopedic Braces & Support, Casting, and Splints Is Expand to Reach US$ 8 Billion by 2026

The global orthopedic braces & support, casting, and splints market is valued at US$ 6 billion in 2022 and is set to expand at a CAGR of 6% to reach US$ 8 billion by end of 2026.

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Revenue from the splinting supplies & equipment segment is expected to climb to US$ 2 billion by 2026.

Increasing Cases of Orthopedic Disorders Worldwide Will Drives The Demand for Orthopedic Braces & Support, Casting, & Splints

The increasing prevalence of orthopedic disorders is expected to drive the demand for orthopedic braces & support, casting, and splints. Orthopedic braces & support are used to provide support and stability to the joints and muscles, while casting and splints are used to immobilize the affected area. The rising prevalence of musculoskeletal disorders such as osteoarthritis, rheumatoid arthritis, and osteoporosis is expected to drive the demand for orthopedic braces & support, casting, and splints.

According to the World Health Organization (WHO), musculoskeletal disorders are the leading cause of disability worldwide. Moreover, the increasing geriatric population is also expected to drive the demand for orthopedic braces & support, casting, and splints. Furthermore, technological advancements in orthopedic braces & support, casting, and splints are expected to fuel the market growth. For instance, 3D printing technology is being used to manufacture customized orthopedic braces & support. However, high cost associated with orthopedic braces & support, casting, and splints is expected to restrain the market growth.

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Competitive Landscape

The market for orthopedic braces and support, casting, and splints is moderately fragmented, with a large number of competitors holding the majority of the market share.

Market companies must make investments in technologies and diversity if they want to boost sales growth, reach more customers, and increase consumer loyalty.

• The Rebound Post-Op Elbow Brace from Ossur was introduced in September 2021 and enables elbow immobilization and range-of-motion limitation for patients with a variety of disorders, including chronic elbow wounds/injuries and tennis elbow release.

Key Companies Profiled:

• 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.

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Key Segments:

• By Product :

o Orthopedic Braces & Supports
o Casting Supplies & Equipment
o Splinting Supplies & Equipment

• By Distribution Channel :

o Orthopedic Clinics
o Hospitals
o Over-the-Counter
o Online
o Others

• By Region :

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

Questionnaire answered in the report include:

• How the industry has grown?
• What is the present and future outlook on the basis of region?
• What are the challenges and opportunities?
• Why the consumption in region?
• In which year segment is expected to overtake segment?

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This release was published on openPR.