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Orthopedic Braces & Support, Casting & Splints Market Size is Expected to Growing at a CAGR of 6.8% by 2034 | Transparency Market Research
Orthopedic Braces & Support, Casting & Splints
Orthopedic Braces & Support, Casting & Splints Market is projected to grow at a CAGR of 6.8% from 2024 to 2034 and reach more than US$ 12.7 Bn by the end of 2034
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Overview of the Orthopedic Braces & Support, Casting & Splints Market
Orthopedic braces and supports, casting, and splints are used in the treatment and prevention of musculoskeletal injuries and disorders. These devices help immobilize, support, and protect bones and soft tissues, facilitating proper healing and reducing pain and discomfort. The market includes a wide range of products such as knee braces, ankle supports, wrist splints, and custom-made casts.
Top Companies
3M
Zimmer Biomet Holdings, Inc.
Stryker Corporation
Spencer Italia S.r.l.
Össur Corporate
BSN medical GmbH
DeRoyal Industries, Inc.
DJO Global
Orfit Industries n.v
Prime Medical, Inc.
Other Prominent Players
Rising Demand for Orthopedic Braces & Support, Casting & Splints
The demand for orthopedic braces, supports, casting, and splints is driven by several factors, including the increasing prevalence of orthopedic conditions such as arthritis, osteoporosis, and sports injuries, as well as the growing aging population. Additionally, rising awareness about the benefits of early intervention and rehabilitation is contributing to market growth.
Key Insight: By 2024, the global demand for orthopedic braces, supports, casting, and splints is expected to increase by 10%, significantly boosting the market.
Recent Developments in the Orthopedic Braces & Support, Casting & Splints Market
Recent advancements in the Orthopedic Braces & Support, Casting & Splints market include the development of new materials, improved product designs, and enhanced manufacturing techniques. These innovations are enhancing the comfort, efficacy, and durability of orthopedic products.
Key Developments:
New Materials: Introduction of lightweight, breathable, and hypoallergenic materials that improve patient comfort and compliance.
Improved Designs: Development of ergonomic and customizable designs that provide better fit, support, and mobility.
Technological Integration: Integration of smart technologies such as sensors and wearable devices that monitor patient activity and provide real-time feedback.
Manufacturing Advances: Use of advanced manufacturing techniques such as 3D printing to create custom-fit braces, supports, and casts.
Key Drivers of the Orthopedic Braces & Support, Casting & Splints Market
Several factors are propelling the growth of the Orthopedic Braces & Support, Casting & Splints market. These include the rising incidence of orthopedic conditions, increasing healthcare expenditure, advancements in product technology, and supportive government policies promoting injury prevention and rehabilitation.
Key Drivers:
Orthopedic Condition Prevalence: The growing incidence of conditions such as arthritis, osteoporosis, and sports injuries is driving the demand for orthopedic devices.
Aging Population: The aging global population, which is more prone to musculoskeletal disorders, is boosting the demand for orthopedic braces, supports, casting, and splints.
Technological Advancements: Innovations in materials, product design, and manufacturing techniques are enhancing the efficacy and comfort of orthopedic devices.
Healthcare Expenditure: Increasing healthcare spending and investment in injury prevention and rehabilitation are supporting market growth.
Government Initiatives: Supportive government policies and initiatives aimed at improving orthopedic care and funding research are fostering market growth.
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Future Outlook
The future of the Orthopedic Braces & Support, Casting & Splints market looks promising, with ongoing advancements in product technology, rising demand for injury prevention and rehabilitation, and supportive regulatory frameworks. Industry stakeholders must focus on innovation, strategic partnerships, and patient education to fully capitalize on market opportunities and address challenges.
Market Segmentation
Product
Casting Supplies & Equipment
Plaster Casts
Casting Tapes
Cast Cutters
Casting Tools and Accessories
Splinting Supplies & Equipment
Fiberglass Splints
Plaster Splints
Other Splints
Splinting Tools and Accessories
Orthopedic Braces and Supports
Upper Extremity Braces and Support
Shoulder Braces and Support
Neck Braces and Support
Elbow Braces and Support
Wrist Braces and Support
Spinal Braces and Support
Low Extremity Braces and Support
Knee Braces and Support
Ankle Braces and Support
Hip Braces and Support
Material
Metal
Fabric
Thermoplastic
Others (Fiberglass / Polyester Casting Tape, etc.)
Application
Fracture Management
Ligament Injury Support
Osteoarthritis Aid
Post-operative Care
Others (Kyphosis, Scoliosis, etc.)
Distribution Channel
Orthopedic Clinics
Hospitals
Over-the-Counter (OTC)
E-commerce
Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
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