Press release
Orthopedic Braces and Supports Market Size, Growth, Demand, Report 2023-2028
Orthopedic Braces and Supports Market
The global orthopedic braces and supports market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
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Orthopedic braces and supports are medical devices designed to provide stability, support, and protection to joints and musculoskeletal structures. These devices are commonly used to address various orthopedic conditions, injuries, or post-surgical recovery needs. Orthopedic braces can include products such as knee braces, ankle supports, wrist splints, back braces, and shoulder supports. They are typically made from materials like neoprene, fabric, plastic, or metal, offering varying degrees of compression and rigidity based on the intended therapeutic purpose. These braces help limit movement, alleviate pain, and aid in the rehabilitation process by providing additional structural support to injured or weakened areas. Orthopedic braces and supports are prescribed by healthcare professionals to enhance stability, promote healing, and improve overall joint function in individuals with orthopedic issues.
Market Trends:
The global market is majorly driven by the rising prevalence of musculoskeletal conditions among the aging global population. As individuals age, there is a higher likelihood of conditions like osteoarthritis, joint pain, and fractures, necessitating the use of braces for support, stability, and pain management. Furthermore, the growing participation in sports and fitness activities worldwide leads to an increase in sports-related injuries. Orthopedic braces and supports play a crucial role in the prevention and rehabilitation of injuries, providing athletes and fitness enthusiasts with necessary support during recovery, catalyzing it's demand. Moreover, technological advancements in materials and design enhance the effectiveness and comfort of orthopedic braces. Innovations such as lightweight, breathable fabrics, adjustable straps, and anatomically designed braces contribute to improved patient compliance and overall satisfaction. Additionally, a proactive approach to health and wellness drives the market. Individuals are increasingly recognizing the value of preventive measures to avoid injuries or manage existing conditions, leading to a growing demand for orthopedic braces as a part of a comprehensive healthcare strategy, propelling the market. Besides, the expanding awareness and accessibility of orthopedic products through e-commerce platforms and retail outlets contribute to market growth.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/orthopedic-braces-supports-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
• Breg, Inc.
• Össur Hf
• Bauerfeind AG
• DJO Finance LLC
• 3M Company
• Alcare Co., Ltd
• Otto Bock Healthcare
• Deroyal Industries, Inc.
• BSN Medical
• Medi GmbH & Co. KG
• Thuasne Group
• Zimmer Biomet Holdings, Inc.
• Trulife
• Remington Products Company
• Bird & Cronin
Orthopedic Braces and Supports Market Segmentation:
Our report has categorized the market based on region, product, type, application and end-user.
Breakup by Product:
• Lower Extremity Braces and Supports
• Spinal Braces and Supports
• Upper Extremity Braces and Supports
Breakup by Type:
• Soft and Elastic Braces and Supports
• Hinged Braces and Supports
• Hard and Rigid Braces and Supports
Breakup by Application:
• Ligament Injury
• Preventive Care
• Post-Operative Rehabilitation
• Osteoarthritis
• Others
Breakup by End-User:
• Orthopedic Clinics
• Hospitals and Surgical Centers
• Over-the-Counter (OTC) Platforms
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Browse Related Reports of IMARC Group:
India Orthopedic Braces and Supports Market: https://www.imarcgroup.com/india-orthopedic-braces-supports-market
Europe Orthopedic Braces and Support Market: https://www.imarcgroup.com/europe-orthopedic-braces-support-market
GCC Orthopedic Braces and Supports Market: https://www.imarcgroup.com/gcc-orthopedic-braces-supports-market
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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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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