Orthopedic Braces And Support Devices And Equipment Market - Increasing Demand, Growth Analysis and Outlook 2032

The Business Research Company's Orthopedic Braces And Support Devices And Equipment market Report 2023 identifies rise in the geriatric population as the major driver for the Orthopedic Braces And Support Devices And Equipment market 's growth in the forecast period. 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 are DJO Global, Bauerfeind AG, Otto Bock Healthcare GmbH, Breg, Inc, Ossur Hf.
A key trend in the Orthopedic Braces And Support Devices And Equipment market includes demand for orthopedic braces. Various companies are adapting themselves to use innovative technologies such as bionic energy savers to solve problems related to injuries in the knee, arms, or any other movable part of the body. For example, spring-loaded technology uses LevitationTM bionic knee brace that enhances mobility and provides strength to legs by storing energy when a person sits or rests.

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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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Orthopedic Braces And Support Devices And Equipment market .
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The Business Research Company's "Global Orthopedic Braces And Support Devices And Equipment market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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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 Profiles28. 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

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