Press release
Orthopedic Braces & Supports Market worth $7.58 billion by 2030, growing at a CAGR of 5.39% - Exclusive Report by 360iResearch
Orthopedic Braces & Supports Market | 360iResearch
The Global Orthopedic Braces & Supports Market to grow from USD 5.25 billion in 2023 to USD 7.58 billion by 2030, at a CAGR of 5.39%.
Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/orthopedic-braces-supports?utm_source=openpr&utm_medium=referral&utm_campaign=sample
Orthopedic braces and supports are medical devices designed to address musculoskeletal issues. They offer support, stabilize, protect, and correct injuries or abnormalities on various body parts, including the knees, back, neck, elbows, wrists, and ankles. The rising prevalence of orthopedic diseases and disorders, the growing participation in sports and physical activities leading to sports injuries, and the growing global elderly population susceptible to osteoarthritis and similar conditions propel the growth of the orthopedic braces and supports market. Technological advancements in materials and design, such as lighter, more durable braces and emphasizing prevention and rehabilitation in sports medicine, offer significant opportunities for market expansion. However, the market faces challenges, including competitive pricing pressure from low-cost manufacturers and a lack of awareness and adoption in emerging economies. The complexity of reimbursement scenarios and stringent regulatory requirements for approving orthopedic devices also pose challenges. Nevertheless, the increasing demand for innovative and less intrusive support solutions and rising healthcare expenditure worldwide presents a promising landscape for the future growth of the orthopedic braces and support market.
The Americas represents a significant orthopedic braces & support market due to high healthcare expenditure, a growing geriatric population, and a rising prevalence of orthopedic conditions. Innovation and technological advancements drive the demand, with customers inclined towards lightweight, durable, and customizable solutions. Recent investments in startups focusing on smart wearable tech reflect the trend toward products offering enhanced usability and data analytics for patients and healthcare providers. Asia-Pacific is experiencing rapid growth due to its large population and increasing awareness of orthopedic conditions. Government initiatives to enhance healthcare infrastructure and access to orthopedic devices drive demand, with a notable inclination towards affordable, locally manufactured products. High healthcare standards and a preference for technologically advanced products fuel the demand. Vendors are investing in research to develop innovative solutions that offer enhanced functionality and comfort. The EMEA region presents a diverse market landscape, with EU countries focusing on high-quality, sustainable products, robust healthcare systems, and consumer awareness. Contrastingly, the Middle East and Africa have varying demands influenced by economic disparity, healthcare access, and cultural factors. Increased healthcare investments and initiatives to improve public health infrastructure drive a growing market for essential to high-end support.
Market Segmentation & Coverage:
This research report categorizes the Orthopedic Braces & Supports Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Ankle Braces & Supports, Elbow Braces & Supports, Facial Braces & Supports, Foot Walkers & Orthoses, Hand & Wrist Braces & Supports, Hip, Back & Spine Braces & Supports, Knee Braces & Supports, and Shoulder Braces & Supports. The Hip, Back & Spine Braces & Supports is further studied across Lower Spine Braces & Supports and Neck & Cervical Spine & Supports. The Shoulder Braces & Supports is projected to witness significant market share during forecast period.
Based on Type, market is studied across Hard Braces & Supports, Hinged Braces & Supports, and Soft & Elastic Braces & Supports. The Hinged Braces & Supports is projected to witness significant market share during forecast period.
Based on Material, market is studied across Fabric, Metal, Neoprene, Plastic, and Silicone. The Plastic is projected to witness significant market share during forecast period.
Based on Application, market is studied across Compression Therapy, Ligament Injury, Osteoarthritis, Post-Operative Rehabilitation, and Preventive Care. The Ligament Injury is further studied across Anterior Cruciate Ligament Injury and Lateral Collateral Ligament Injury. The Compression Therapy is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Hospitals & Surgical Centres and Orthopedic Clinics. The Orthopedic Clinics is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.23% in 2023, followed by Europe, Middle East & Africa.
Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/orthopedic-braces-supports?utm_source=openpr&utm_medium=referral&utm_campaign=inquire
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Orthopedic Braces & Supports Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Orthopedic Braces & Supports Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Orthopedic Braces & Supports Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Alcare Co., Ltd., Bauerfeind AG, Becker Orthopedic, Breg, Inc., BSN medical GmbH, Corflex, Inc., DeRoyal Industries, Inc., DJO Global, Frank Stubbs Co., Inc., Hanger, Inc., Integra LifeSciences Corporation, Medi GmbH & Co. KG, Medtronic PLC, Mueller Sports Medicine, Inc., Neo G, OrthoPediatrics Corp., Ottobock Holding GmbH & Co. KG, Remington Products Company, Shock Doctor, Inc., Spenco Medical Corporation, Stryker Corporation, Thuasne Group, Trulife Group Limited, Vista Medical Ltd., Zimmer Biomet Holdings, Inc., and Össur Hf.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Orthopedic Braces & Supports Market, by Product
7. Orthopedic Braces & Supports Market, by Type
8. Orthopedic Braces & Supports Market, by Material
9. Orthopedic Braces & Supports Market, by Application
10. Orthopedic Braces & Supports Market, by End-User
11. Americas Orthopedic Braces & Supports Market
12. Asia-Pacific Orthopedic Braces & Supports Market
13. Europe, Middle East & Africa Orthopedic Braces & Supports Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Orthopedic Braces & Supports Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Orthopedic Braces & Supports Market?
3. What is the competitive strategic window for opportunities in the Orthopedic Braces & Supports Market?
4. What are the technology trends and regulatory frameworks in the Orthopedic Braces & Supports Market?
5. What is the market share of the leading vendors in the Orthopedic Braces & Supports Market?
6. What modes and strategic moves are considered suitable for entering the Orthopedic Braces & Supports Market?
Read More @ https://www.360iresearch.com/library/intelligence/orthopedic-braces-supports?utm_source=openpr&utm_medium=referral&utm_campaign=analyst
Contact 360iResearch
Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550
About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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 Braces & Supports Market worth $7.58 billion by 2030, growing at a CAGR of 5.39% - Exclusive Report by 360iResearch here
News-ID: 3441786 • Views: …
More Releases from 360iResearch
Rising Incidence of Human Metapneumovirus in Vulnerable Populations Boosts Globa …
In recent years, the silent ascent of human metapneumovirus (HMPV) infections has begun to capture significant attention within the realm of infectious diseases. As we advance in medical science, unraveling complexities of age-old pathogens like common influenza or emerging illnesses like COVID-19, a critical discourse has been emerging around HMPV. Particularly, there seems to be a burgeoning acknowledgment of its growing impact on vulnerable global populations, propelling an increased demand…
The Meat Alternatives Market size was estimated at USD 9.39 billion in 2023 and …
From Appetite to Advocacy: The Rising Demand for Meat Alternatives
In recent years, the global food industry has been undergoing a remarkable transformation, driven primarily by an increasing consumer demand for healthier, sustainable, and ethically sourced food products. This seismic shift has brought traditional meat alternatives and high-protein plant-based foods into the spotlight. As the world becomes more conscious of the implications of meat consumption on health and the environment, the…
The Mobility-as-a-Service Market size was estimated at USD 264.80 billion in 202 …
Unpacking the Surge in Investments and Collaborations to Bolster Mobility-as-a-Service
In recent years, as urban landscapes continually evolve, a transformative shift known as Mobility-as-a-Service (MaaS) has reshaped the way we perceive transportation. Marked by the integration of various forms of transport services into a single accessible on-demand mobility solution, MaaS is rapidly gaining traction across global cities. As an emerging paradigm, it's not just shaping the future of travel but also…
The Data Center Services Market size was estimated at USD 56.65 billion in 2023 …
Smart City Revolutions: Why Data Center Colocation is the Future Backbone
In the era of digital transformation, urban landscapes across the globe are undergoing a seismic shift toward becoming "smart cities." The concept of a smart city revolves around using digital technology, IoT (Internet of Things), AI, and data analytics at an unprecedented scale to improve urban infrastructure, manage resources efficiently, and enhance the quality of life for citizens. A vital…
More Releases for Supports
PayorCRM now supports Netsuite !
PayorCRM , One of the leading providers of Receivables management solutions for Small businesses in US and UK has added support for Netsuite. With this integration payorCRM increases its coverage from Small businesses to Small and Medium businesses.
PayorCRM provides a cloud based receivables management solution that helps businesses improve their cashflows. They does this by providing its clients 3 different options to accepts payments from its customers - Payments from…
Orthopedic Braces and Support System Market by Region - North America, Latin Ame …
Growing prevalence of arthritis, spinal deformities, sciatic nerve, impaired muscle, paralysis, fracture injury and stroke has led to an upsurge in demand for orthopedic braces & support system. Improper and heavy lifting further leads to bulging or ruptured disks, scoliosis, stress-induced back pain and scoliosis. According to CDC, an estimated 22.7% of the adults reported doctor diagnosed arthritis with higher age-adjusted prevalence in the women (23.5%) as compared to men…
Media Agency supports Startups
Luckenwalde 1st August 2013.
The Media Agency "Eichendorf Media" is located near Berlin, Germany. The Agency supports Start-ups and Entrepreneurs, by providing favorable Offers for Web Development and Online Marketing.
Every Beginning is difficult. The Eichendorf Media Agency knows this too. For this reason they decided to help young Start-Ups and Entrepreneurs with reduced prices for Webdesigns, Imagemovie Productions and Online Marketing Solutions.
The Company engaged in webdesign, web development, image- and…
Messer supports respiratory medicine
Certified full-service provider for artificial respiration
Messer will be showcasing its extensive artificial respiration portfolio at this year’s Annual Congress of the European Respiratory Society (ERS) in Barcelona. As a certified full-service provider for this type of care, the company offers a comprehensive range of gases for use in clinics and other areas of health care under the Messer Medical brand. Gases are playing an increasingly important role in medicine. Messer…
dtmMANAGER supports .NET
With its latest version the M&M development toolkit dtmMANAGER supports .NET and thus enables a flexible development and efficient design of user interfaces. With the scalable Tools dtmMANAGER, dtmDEVPACK, basicDTM or the direct DTM generation with the dtmGENERATOR, together with a comprehensive service package, M&M Software offers an all-in package for the DTM development. In addition to this and starting in 2010, all M&M customers, who purchase a DTM development…
Avolution supports BMM
Avolution, the market leader in metrics-based analysis of architectures, today announced the release of an Object Management Group (OMG) Business Motivation Model (BMM) library for its ABACUS enterprise modelling solution.
Licensed ABACUS users can download it for free from the Avolution Community.
Dr Tim O’Neill (founder) said: “We are pleased to announce the release of an ABACUS library supporting version 1.0 of the OMG's Business Motivation Model (BMM) standard. Users can now…
