Press release
Supporting Movement: Orthopedic Accessories Market Forecast 2024-2033
Orthopedic Accessories
The orthopedic accessories market size is expected to see steady growth in the next few years. It will grow to $3.92 billion in 2028 at a compound annual growth rate (CAGR) of 3.0%. The growth in the forecast period can be attributed to emerging markets growth, regulatory support and reimbursement, technological innovation, value-based healthcare. Major trends in the forecast period include smart orthopedic accessories, eco-friendly materials, patient engagement, tele-rehabilitation and remote monitoring.
Market Overview -
Orthopedic accessories refer to the products that are used to fix or remove implants from the body.
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Rising Incidences Of Road And Sports Accidents Fuel Growth In The Orthopaedic Accessories Market
The increase in the number of medical cases due to road and sports accidents is driving the Orthopaedic Accessories market. The probability of bones and other muscle tissues getting ruptured is high in the road and sports accidents, thus requiring orthopedic accessories like arm support, knee braces, and hip support for providing rigid support to the ruptured tissue and broken joint/bones during the treatment. Orthopaedic accessories immobilize the bones and give them time to heal. Also, orthopaedic accessories like bone cement and casting help in joining broken bones and filling in the void present in or between the bones. According to a report published by WHO, around 20-50 million people globally receive non-fatal injuries every year due to road accidents. Similarly, according to a survey by Stanford Children's Health, more than 3.5 million children aged 14 or younger get hurt every year by playing sports or by participating in some recreational activity. As the number of road and sports accidents increases, the number of medical cases requiring orthopaedic accessories to get proper treatment will increase, thus driving the orthopaedic accessories market.
Competitive Landscape -
Major companies operating in the orthopedic accessories market include Stryker Corporation, Zimmer Biomet Holdings Inc., DePuy Synthes Companies, Smith and Nephew PLC, McDavid, Aesculap Implant System, Conmed Corporation, Donjoy, NuVasive, Medtronic plc, Schock Doctor, Rehband, Nordic Lifting, BioSkin, Bauerfeind AG, Futuro, Ultra Flex Athletics, EVS Sports, Neo G, NatraCure, United Ortho, Corflex Cryo, DJO Global, Arthrex, Tecres SpA, Heraeus Holding and Teknimed, OsteoRemedies, Enovis, Globus Medical, Orthofix Medical (Orthofix-SeaSpine), 4Web Medical, OrthoPediatrics, SeaSpine Orthopedics, Acumed LLC, Bioventus Surgical, Integra LifeSciences, Medline Industries Inc., MicroPort Orthopedics Inc.
3D Printing Technology Revolutionizes Customization And Efficiency In The Orthopedic Accessories Market
Companies in the orthopedic accessories market are increasingly using 3D printing technology to improve production efficiency and for making customized accessories as per the patient's requirements. 3D Printing technology is a process of making complex structures that are built by stacking up thin layers of a material and cutting out unwanted parts. In the case of orthopedic treatment, many people have different body shapes and sizes. 3D Printing allows companies to manufacture accessories as per the requirement of the patient. For example, the ZSFab Company used 3D Printing technology to manufacture orthopedic accessories like neck braces and wrist casts. Also, companies like Stryker, Medtronic, and Smith & Nephew are working on 3D printing to improve manufacturing efficiencies and product quality.
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Key Segments -
The orthopedic accessories market covered in this report is segmented -
1) By Type: Bone Cement, Casting System, Removal System
2) By Application: Hip, Knee, Spine
3) By End User: Hospital, Orthopedic Clinic, Trauma Fixation Center
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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