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Orthopedic Braces & Supports Market Projected to Reach $4.44 Billion by 2029-Pioneering Report by Meticulous Research®
Orthopedic braces & supports serve both therapeutic and preventive purposes. They offer support and aid in recovery from orthopedic illnesses while also providing preventive care during physical activities such as walking, exercising, or sports. These vital aids reduce occupational injuries and are employed around various joints including the elbow, ankle, knee, and wrist. They facilitate joint movements, reduce weight on painful areas, enhance stability, and mitigate tendon/muscular contractions at specific sites.
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Crucial for recovery and rehabilitation, braces & supports play a pivotal role in addressing injuries based on their severity and type. Particularly, they find extensive use in sports-related injuries like knee ligament injuries and ankle sprains, offering compression, joint stability, and pain alleviation.
The report segments the global orthopedic braces and supports market based on product type, encompassing knee braces & supports, foot walkers & orthoses, and back, hip, and spine braces & supports. These products come in various forms such as soft & elastic, hard & rigid, and hinged braces & supports, catering to diverse therapeutic needs.
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Impact of COVID-19 on the Orthopedic Braces & Supports Market
The COVID-19 pandemic inflicted a temporary setback on the global orthopedic braces & supports market. Reduced elective surgeries, postponed sports activities, and patients' reluctance to visit clinics contributed to a slowdown in market growth. Furthermore, nationwide lockdowns in key regions like Asia-Pacific and Europe disrupted raw material supplies, leading to a global manufacturing downturn. However, a gradual recovery was observed in the latter part of the pandemic.
The report extensively analyzes the global orthopedic braces & supports market, segmenting it by product, type, application, distribution channel, and geography. Key findings indicate that knee braces & supports hold the largest market share due to their widespread use in preventive care. Similarly, soft and elastic braces & supports dominate the market owing to their flexibility and affordability.
Regionally, North America leads the market, followed by Europe, with Asia-Pacific projected to witness the highest growth rate. Factors driving growth in this region include a burgeoning geriatric population, rising incidences of ligament injuries, and governmental initiatives to bolster domestic manufacturing.
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The report also provides a detailed examination of the strategic developments undertaken by key market players between 2020 and 2022. Notable activities include product launches, collaborations, agreements, and expansions.
Key Players:
Bauerfeind AG (Germany), Zimmer Biomet Holdings, Inc. (U.S.), 3M Company (U.S.), Össur hf. (Iceland),Breg, Inc. (U.S.), Enovis Corporation (U.S.), Bird & Cronin, LLC (U.S.), DeRoyal Industries, Inc. (U.S.), Essity Aktiebolag (publ) (Sweden), Ottobock SE & Co. KGaA (Germany)
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Contact:
Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Phone: +9102066394988
CIN- U93000PN2013PTC149455
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.
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