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Orthopedic Support Systems Market: Size, Share, Trends, Growth, Analysis And Forecast To 2033

Orthopedic Support Systems Market

Orthopedic Support Systems Market

The new report published by The Business Research Company, titled ""Orthopedic Support Systems Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the orthopedic support systems market size has grown strongly in recent years. It will grow from $3.31 billion in 2023 to $3.60 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The orthopedic support systems market size is expected to see strong growth in the next few years. It will grow to $5.10 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.

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Orthopedic Support Systems Market Growth Fueled By Rising Musculoskeletal Disorder Prevalence
The increasing prevalence of musculoskeletal disorders is expected to propel the growth of the orthopedic support systems market going forward. Musculoskeletal disorders are conditions that affect the muscles, bones, nerves, and other soft tissues of the body, leading to pain and discomfort. Musculoskeletal disorders are increasing due to aging populations, sedentary lifestyles, obesity, occupational hazards, and poor workplace ergonomics. Orthopedic support systems are essential in the comprehensive management of musculoskeletal disorders that help manage musculoskeletal conditions, promote healing and rehabilitation, prevent injuries, and enhance functional outcomes. For instance, in November 2023, according to the Lancet Rheumatology, a UK-based clinical rheumatology journal, the number of musculoskeletal disorder cases is anticipated to increase by 115% between 2020 and 2050, with estimates ranging from 107 to 124, reaching approximately 1,060 million prevalent cases by 2050. Therefore, the increasing prevalence of musculoskeletal disorders is driving the growth of the orthopedic support systems market.

Aspen Medical Products Introduces VRTX Spinal Support System For Enhanced Emergency Spinal Treatment
Major companies operating in the orthopedic support systems market are developing innovative products, such as VRTX spinal support systems, to gain a competitive edge in the market. The VRTX spinal support system is a medical device designed to help support and stabilize the spine to treat conditions such as spinal fractures or instability by supporting the affected area, assisting the patients to move more comfortably, and reducing pain. For instance, in October 2023, Aspen Medical Products, a US-based medical equipment manufacturer, launched a VRTX spinal support system. This innovative technology offers a prefabricated design with adjustable sizing for optimal motion restriction for multi-level spinal injuries. The system includes a collar, Cervicothoracic Orthosis, Lumbosacral Orthosis, Thoracolumbosacral Orthosis, and Cervico-Thoracolumbosacral Orthosis, and its modular design ensures easy application and readiness for patients requiring effective care. The VRTX System is an off-the-shelf solution that aims to reduce hospital stays, minimize complications, and enhance operational efficiency by improving time and inventory management in healthcare facilities.

The orthopedic support systems market covered in this report is segmented -

1) By Product: Braces And Support, Splint, Bandage And Sleeves, Strap
2) By Patient: Adult, Pediatric
3) By Application: Upper Body Extremities, Lower Body Extremities

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Major companies operating in the orthopedic support systems market report are Johnson & Johnson, Medtronic plc, Medline Industries, Zimmer Biomet Holdings, Smith & Nephew plc, Hologic Inc., Stryker Corporation, Ottobock Healthcare, DJO Global Inc. , NuVasive Inc., Hanger Clinic, Ossur Corporate, Wright Medical Group N.V., Deroyal Industries , Performance Health's , LimaCorporate, Exactech Inc., McDavid Knee Guard Inc., Trulife's , Boston Orthotics & Prosthetics, Bauerfeind AG, Mueller Sports Medicine Inc., Breg Inc., Becker Orthopedic, Thuasne, Sigvaris

Contents of the report:
1. Executive Summary
2. Orthopedic Support Systems Market Report Structure
3. Orthopedic Support Systems Market Trends And Strategies
4. Orthopedic Support Systems Market - Macro Economic Scenario
5. Orthopedic Support Systems Market Size And Growth
…..
27. Orthopedic Support Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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