Orthopedic Braces and Supports Market to Hit USD 5.7 Billion By 2029: Competitive Landscape, New Market Opportunities and Dynamics

Pune, 31, Jan 2023: Maximize Market Research is a leading Medical Devices research firm that has delivered a detailed analysis of the "Orthopedic Braces and Supports Market". The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report expects the market to grow from USD 3.6 Billion in 2021 to USD 5.7 Billion by 2029 at a CAGR of 6 percent during the forecast period from 2022 to 2029.

Orthopedic Braces and Supports Market Scope and Estimation:

The Orthopedic Braces and Supports Market report analyses current trends, and market highlights, assisting clients in exploring new opportunities in the market. The report provides insights into the major drivers, challenges, and major restraints of the Orthopedic Braces and Supports Market. The report covers market size estimations that include historical and contemporary scenarios and growth rates for orthopedic Braces, during the forecast period. Demand and pricing analysis is conducted to help investors and stakeholders conceive investment decisions.

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Regional analysis of Orthopedic Braces and Supports is based on a global and regional level. This helps to hold the insights such as market penetration, market share dominance, and emerging market opportunities. Key players are collected based on various parameters that include the products and services offered, revenue generated, technological advancements approved and mergers and acquisitions for a competitive landscape.

The bottom-up approach was used for market estimation. A mix of qualitative and quantitative analysis was used in the report. Both Primary and secondary data sources are used for the study. From the collected data, research tools such as SWOT, and PESTLE were used for the analysis. Micro and macro factors affecting the Orthopedic Braces and Supports Market were presented. Thus the report serves as a guide for investors, stakeholders, and market followers of the Orthopedic Braces and Supports.

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Orthopedic Braces and Supports Market Dynamics:

During the forecast period, the increased prevalence of obesity and the accompanying lifestyle problems are expected to increase the incidence of orthopedic illnesses and disorders. Obese people are at higher risk of not only orthopedic and musculoskeletal injuries but also diabetes. On account of the low cost and ease of market access of the orthopedic braces and support market, patient demand is increasing in established as well as emerging markets. Around the world, the geriatric population in key markets and the number of electives orthopedic surgeries such as knee replacement are expected to drive the demand for high-end Orthopedic Braces and Supports Market.

Orthopedic Braces and Supports Market Regional Insights:

As a consequence of the regional growth in musculoskeletal diseases and the rising incidence of sports-related injuries, North America dominated the highest market share. The growing geriatric population also helps to increase market growth. Growing prevalence in joint pain, arthritis and other injuries among a considerable share of the population in the region is expected to increase demand for the Orthopedic Braces and Supports Market over the forecast period.

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Orthopedic Braces and Supports Market Segmentation:

By Product: Knee Braces and Supports, Ankle Braces and Supports, Foot Walkers and Orthoses, Shoulder Braces and Supports, Elbow Braces and Supports, Hand & Wrist Braces and Supports, Facial Braces and Supports and Hip, Back, and Spine Braces and Supports(Neck & Cervical Spine Braces and Supports and Lower Spine Braces and Supports).

By Type: Soft & Elastic Braces and Supports, Hard Braces and Supports and Hinged Braces and Supports

By Application: Ligament Injury (Anterior Cruciate, Lateral Collateral and Other),
Preventive Care, Post-operative Rehabilitation, Osteoarthritis, Compression Therapy and Others.

By End-User: Orthopedic Clinics, Over the Counter (OTC), Hospitals, DME Dealers and Others.

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Orthopedic Braces and Supports Market Key Players include:

DJO, LLC (US), Zimmer Biomet (US), Medtronic(US), Stryker Corporation(US), Becker Orthopedic(US), OPPO MEDICAL INC(US), Langer Biomechanics(US), Integra LifeSciences Corporation(US), Globus Medical(US), Frank Stubbs Company(US), DeRoyal Industries(US), Johnson & Johnson Services, Inc(US), NuVasive, Inc(US), Weber Orthopedic LP. DBA Hely & Webe(US), Össur(Iceland), OTTOBOCK(Germany), BSN medical( Germany), AC Mould Engineering Limited(China), Ascent Meditech Limited( India), Alcare Co., Ltd(Japan).

Key Offerings:

Market Share, Size & Forecast by Revenue | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities and Key Trends
Market Segmentation - A detailed analysis by product, Type, Nature, Application, End-user and Region
Competitive Landscape - Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading Medical devices research firm, has also published the following reports:

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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