Press release
Orthopaedic Braces and Supports Market to Observe Prominent CAGR of 7.6% by 2030, Size, Share, Trends, Demand, Growth, Challenges and Competitive Outlook
The analysis report approximates the growth rate and market value based on market dynamics and growth-inducing factors. It enlists major competitors, offering strategic insights and analyzing key factors influencing the Orthopaedic Braces and Supports Market industry. The report covers market definition, segmentation, competitive analysis, and research methodology. Understanding consumer demands, preferences, attitudes, and changing tastes is vital for businesses, and this market report provides comprehensive insights. The Orthopaedic Braces and Supports Market business document caters to the client's requirements effectively.
Data Bridge Market Research analyzes that the orthopaedic braces and supports market which was USD 3,293.13 million in 2022, is expected to reach USD 6,190.23 million by 2030, and is expected to undergo a CAGR of 7.60% during the forecast period of 2023 to 2030.
Explore Further Details about This Research Orthopaedic Braces and Supports Market Report https://www.databridgemarketresearch.com/reports/global-orthopedic-braces-and-supports-market
Report Scope and Market Segmentation
REPORT METRIC
DETAILS
Forecast Period
2023 to 2030
Base Year
2022
Historic Years
2021 (Customizable to 2015-2020)
Quantitative Units
Revenue in USD Million, Volumes in Units, Pricing in USD
Segments Covered
By Product (Ankle Braces and Supports, Foot Walkers and Orthoses, Hip, Back, and Spine Braces and Supports, Knee Braces and Supports, Shoulder Braces and Supports, Elbow Braces and Supports, Hand/Wrist Braces and Supports, Facial Braces and Supports), Type (Soft and Elastic Braces, Hinged Braces, Hard Braces), Application (Preventive Care, Ligament Injury, Post-Operative Rehabilitation, Osteoarthritis, Compression Therapy, Others), Distribution Channel (Orthopaedic Clinics, Retail Pharmacies, Others)
Countries Covered
U.S., Canada and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina and rest of South America
Market Players Covered
DJO, LLC (U.S.), Zimmer Biomet (U.S.), Medtronic (Ireland), Stryker Corporation (U.S.), Össur (Iceland), NuVasive®, Inc. (U.S.), Integra LifeSciences Corporation (U.S.), Globus Medical (U.S.), OTTOBOCK (Germany), AC Mould Engineering Limited (China), Johnson & Johnson Services, Inc. (U.S.), Weber Orthopedic LP. DBA Hely & Webe. (U.S.), BSN medical (India), Becker Orthopedic (U.S.), OPPO MEDICAL INC. (U.S.), Langer Biomechanics (U.S.), Frank Stubbs Company Inc. (U.S.), DeRoyal Industries, Inc. (U.S.), Ascent Meditech Limited (India), and Alcare Co., Ltd. (Tokyo)
Market Opportunities
Personalized orthopaedic solutions
Telehealth integration
Research and development
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Market Definition
Braces and supports refer to the orthopaedic equipment that are widely utilized for aligning, supporting, holding, and correcting certain parts of the body. This equipment is manufactured using specialized materials with intelligent designs, and are known to provide intense targeted support to the spine, ankle, shoulder, knee, spine, ankle and upper elbow, among other body parts.
Global Orthopaedic Braces and Supports Market Dynamics
Drivers
Rising musculoskeletal conditions
One of the primary drivers of the orthopaedic braces and supports market is the increasing prevalence of musculoskeletal conditions. As the global population ages and lifestyles become more sedentary, the incidence of orthopaedic issues such as osteoarthritis, fractures, and sports-related injuries continues to rise. This growing patient pool drives the demand for orthopaedic braces and supports that aid in pain management, injury prevention, and rehabilitation.
Technological advancements in orthopaedic braces and supports
Ongoing technological advancements are a significant driver of the market. Innovations in materials, such as lightweight and breathable fabrics, have improved the comfort and wearability of orthopaedic braces. Additionally, advanced designs and manufacturing techniques have allowed for more customized and effective orthopaedic solutions, tailored to the specific needs of patients.
Post-surgery rehabilitation
The increasing number of orthopaedic surgeries, such as joint replacements and ligament repairs, is boosting the market. Orthopaedic braces and supports are often prescribed for post-surgery rehabilitation to aid in recovery, protect the surgical site, and facilitate a quicker return to an active lifestyle. The growth in surgical procedures directly correlates with the demand for these devices.
Opportunities
Telehealth integration of orthopaedic consultations
The integration of orthopaedic consultations and device recommendations into telehealth platforms is an emerging opportunity. Telehealth allows patients to access orthopaedic expertise remotely, receive assessments, and obtain prescriptions for orthopaedic braces and supports. This can improve access to care, particularly in underserved areas, and expand the market's reach.
Personalized orthopaedic solutions
A significant opportunity lies in providing personalized orthopaedic braces and supports. Advances in 3D printing and digital scanning technology have enabled the creation of custom-fit orthopaedic devices tailored to an individual's anatomy and specific needs. Personalization enhances patient comfort and overall treatment outcomes, positioning it as a significant opportunity in the market.
The report provides insights on the following pointers:
Orthopaedic Braces and Supports Market Penetration: Comprehensive information on the product portfolios of the top players in the Orthopaedic Braces and Supports Market.
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the Orthopaedic Braces and Supports Market.
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Orthopaedic Braces and Supports Market
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