openPR Logo
Press release

Orthopedic Support Market's Meteoric Rise to US$ 4.67 Billion by 2024

08-22-2023 09:08 AM CET | Health & Medicine

Press release from: Future Market Insights

Orthopedic Braces and Support Market

Orthopedic Braces and Support Market

In 2022, the global Orthopaedic Braces And Support Market is expected to be worth US$ 4.09 billion, accounting for 38.6% of the global fracture fixation products market. The market for orthopaedic braces and supports is expected to grow at a 6.9% CAGR through 2024, reaching US$ 4.67 billion.

Advancements in orthopedic braces and support market have offered umpteen benefits, bringing substantial improvements in average quality of life and lifespans. Tech-driven innovation holds true potential for market players to enhance the understanding of patients, thus enabling at-scale convenience and individualized care.

The healthcare industry is embracing technological intervention with digital health, virtual health, and telehealth to treat patients.

Accelerate Your Journey to Excellence with Unmatched Efficiency! Claim Your Sample Now:
https://www.futuremarketinsights.com/reports/sample/rep-gb-12207

Such trends are emerging as a potential disruptor in the orthopedic braces and support market, which has been facing the brunt of the COVID-19 pandemic.

Key Takeaways of Orthopedic Braces and Support Market Study :
The orthopedic braces and support market to grow at robust 6.1% CAGR through 2030.Lower extremity products to capture around 70% revenue share; knee braces and supports to lead the way.

East and South Asia to represent potential growth avenues for market players
"Recent tech-driven innovations such as human torso simulator is opening door back brace innovations. The simulator allows development of new back braces that are optimized to restrict specific motions yet allowing for other movements. Moreover, it can assist with design of braces and supports with targeted constraint of movement," says the analyst at FMI.

COVID-19 Impact on Orthopedic Braces and Support Market
The COVID-19 pandemic has affected every facet of the healthcare industry including, orthopedic braces and supports.
Regular orthopaedic practice has been considerably impacted by the pandemic.
Surgery schedules have been revamped, with elective cases being instantly delayed or cancelled and urgent cases demanding huge attention, particularly in suspected or confirmed COVID-19 cases.

This is having a measurable impact on inpatient management, accenting the need for dedicated personnel, patient quarantine and limited visiting hour regulation.
On the flip side, outpatient visits have been restricted to avoid contacts between patients and the hospital staff, with notable implications on post-operative quality of care delivery and healthcare professionals.

The pandemic has rapidly spurred the adoption of telehealth options such as performing non-urgent check-ups and post-operative visits via electronic mediums instead of in-person.
Visits are being organized by video or by phone. This sudden adoption of telemedicine has triggered a process that would have, otherwise, taken far longer to execute on such a global level.

Orthopedic Braces and Support Market - Competitive Intelligence
The global orthopedic braces and support market is slightly fragmented with presence of limited number of prominent players and large number of small- and medium-scale players. In order to sustain their customer base, market players are investing in product launches.
Otto Bock Healthcare has rolled out Agilium® Vantage, a low-key, wraparound knee brace, that is developed for delivering prolonged pain relief for patients having mild unicompartmental osteoarthritis (OA)

Breg Inc. has developed Breg Quantum™ OA for mild to severe OA in a bid to satiate the need for pain management in arthritic patients
In addition to this, market players are also cashing in on acquisitions in a bid to expand their regional foothold. For instance, 3M has taken on Acelity Inc. and its KCI subsidiaries across the world to expand its offerings in advanced wound care.

Want more insights?
FMI, in its new market research study, offers an unbiased assessment of the orthopaedic braces and support market which comprises global industry analysis for 2015-2019 and opportunity assessment for the 2020-2030. The report delivers complete analysis on orthopaedic braces and support market through three different categories - by product, by distribution channel, and region.

The global orthopaedic braces and support market study provides insights of pricing by different life cycle analysis, product life cycle, key market trends and technologies that are being implemented in the development of orthopaedic braces and supports and product adoption in various end-use industries.

Orthopedic Braces and Support Industry Research Analysis :
Orthopedic Braces and Support Market by Product:
•Upper Extremity Braces and Supports
oShoulder Braces and Supports
oNeck Braces and Supports
oElbow Braces and Supports
oWrist Braces and Supports
oSpinal Braces and Supports

•Lower Extremity Braces and Supports
oKnee Braces and Supports
oAnkle Braces and Supports
oHip Braces and Supports

Orthopedic Braces and Support Market by Distribution Channel:
•Institutional Sales
oHospitals
oOrthopedic Clinics
oNursing Facilities

•Retail Sales
oOnline Sales
oRetail Pharmacies
oDrug Stores

Orthopedic Braces and Support Market by Region:
•North America Orthopedic Braces and Support Market
•Latin America Orthopedic Braces and Support Market
•Europe Orthopedic Braces and Support Market
•East Asia Orthopedic Braces and Support Market
•South Asia & Pacific Orthopedic Braces and Support Market
•Middle East & Africa (MEA) Orthopedic Braces and Support Market

Explore Future Market Insights, Inc. Extensive Coverage in Healthcare Market Domain:

Orthopedic Oncology Market :
https://www.futuremarketinsights.com/reports/orthopaedic-oncology-market

Orthopedic Prosthetic Devices Market : https://www.futuremarketinsights.com/reports/orthopedic-prosthetic-devices-market

Orthopedic Splints Market : https://www.futuremarketinsights.com/reports/orthopedic-splints-market

About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 2-years.

Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Orthopedic Support Market's Meteoric Rise to US$ 4.67 Billion by 2024 here

News-ID: 3174559 • Views:

More Releases from Future Market Insights

Extruded Snacks Market to Reach USD 170.3 Billion by 2035 Amid Health and Convenience Revolution
Extruded Snacks Market to Reach USD 170.3 Billion by 2035 Amid Health and Conven …
A new market analysis released today projects the global extruded snacks market to surge from an estimated USD 89.9 billion in 2025 to USD 170.3 billion by 2035, demonstrating a robust Compound Annual Growth Rate (CAGR) of 6.6%. The market is set to deliver an impressive absolute dollar opportunity of USD 80.4 billion over the forecast period, driven by a global consumer shift towards convenient, shelf-stable, and healthier snack options. The
Global Banana Flakes Market Soars to USD 876.1 million by 2035, Driven by Health & Clean-Label Trends
Global Banana Flakes Market Soars to USD 876.1 million by 2035, Driven by Health …
A new market analysis reveals the global banana flakes market is set to expand significantly, projecting a robust Compound Annual Growth Rate (CAGR) of 4.6% from 2025 to 2035. The market, valued at USD 559.6 million in 2025, is forecast to reach USD 876.1 million by 2035, fueled by a rising consumer preference for natural, gluten-free, and plant-based ingredients in daily food choices. This press release offers a detailed look into
Confectionery Fillings Market Sweetens Global Outlook, Projected to Reach USD 2.2 Billion by 2035
Confectionery Fillings Market Sweetens Global Outlook, Projected to Reach USD 2. …
The global confectionery fillings market is poised for significant growth, with a new market analysis revealing a robust expansion fueled by a surge in consumer demand for innovative flavors and indulgent textures. According to the analysis, the market is estimated at USD 1381.2 million in 2025 and is projected to reach USD 2207.4 million by 2035, exhibiting a healthy compound annual growth rate (CAGR) of 4.8% during the forecast period. The
Water Softener Market to Skyrocket to USD 8.7 Billion by 2035, Driven by Smart Technology and Hard Water Crisis
Water Softener Market to Skyrocket to USD 8.7 Billion by 2035, Driven by Smart T …
A new market analysis reveals the global water softener market is poised for significant expansion, with a forecasted value of USD 8.7 billion by 2035. The report, covering the period from 2025 to 2035, projects a robust Compound Annual Growth Rate (CAGR) of 8.3%, up from an estimated USD 3.9 billion valuation in 2025. This surge is fueled by a combination of factors, including increasing consumer awareness of hard water's

All 5 Releases


More Releases for Braces

Ankle & Knee Braces for Sports & Geriatrics Fuel $7.3 Billion Orthopedic Braces …
Market Overview The Orthopedic Braces Market Size reached USD 4.3 billion in 2022 and is projected to grow from USD 4.5 billion in 2023 to USD 7.3 billion by 2032, with a compound annual growth rate (CAGR) of 6.20% during the forecast period (2023 - 2032). Key drivers fueling market growth include a growing geriatric population and an increase in the number of sports-related injuries among athletes. Get Free Sample PDF Brochure: https://www.marketresearchfuture.com/sample_request/8372 Market
About Orthodontist Dubai Damon Braces
Damon braces are a type of orthodontic braces used to correct misaligned teeth and jaw alignment issues. They are a brand of self-ligating braces, which means that they use a sliding mechanism to hold the archwire in place without the need for traditional elastic ligatures or ties. Damon braces differ from traditional braces in several ways. One key difference is that Damon braces have a passive sliding mechanism that allows the
Scoliosis Market: Information By Product Type (Cast Braces, Rigid Braces, Non-Ri …
Scoliosis is complex three-dimensional deformity of the spine which is characterized by a lateral deviation of at least 10 degrees with a rotation of the vertebra. Scoliosis is common spinal deformity in school-age children. Globally about 10% people have some degree adolescent, out of which 1% required special treatment. Around 3 million new incidences scoliosis are diagnosed in the United States each year, out of which around 29,000 scoliosis surgeries
01-18-2021 | Health & Medicine
Fact.MR
Orthopedic Braces and Support System Market: Knee Braces & Support Products to G …
Growing prevalence of knee and foot injury has led to an increasing demand for orthopedic braces globally. In addition, increasing incidences of fractures, ruptured or bulging disks, scoliosis and back pains due to heavy or improper lifting is further expected to impact growth of the global orthopedic braces & support system positively. Fact.MR states that the global market of orthopedic braces & support system is projected to register a CAGR
Malocclusion Market Highest CAGR of 7.0 % | By Treatment Orthodontic Braces Meta …
Malocclusion Market - Highlights Malocclusion is the misalignment of teeth. Malocclusion is most often hereditary, but it can also occur due to other reasons i.e. childhood habits such as thumb sucking, pacifier use beyond age 3, and others, extra teeth or lost teeth, ill-fitting dental fillings, and jaw tumors. There are three major classes of malocclusion i.e. Class 1, Class 2, and Class 3. Increasing prevalence of malocclusion, favorable reimbursement scenario, and
Malocclusion Market Highest CAGR of 7.0 % | By Treatment Orthodontic Braces Meta …
Malocclusion Market - Highlights Malocclusion is the misalignment of teeth. Malocclusion is most often hereditary, but it can also occur due to other reasons i.e. childhood habits such as thumb sucking, pacifier use beyond age 3, and others, extra teeth or lost teeth, ill-fitting dental fillings, and jaw tumors. There are three major classes of malocclusion i.e. Class 1, Class 2, and Class 3. Increasing prevalence of malocclusion, favorable reimbursement scenario, and