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Orthopedic Accessories Global Market Report 2024 Market Outlook Report 2024-2033 | Size, Trends, Analysis, Insights, Overview
"The Business Research Company recently released a comprehensive report on the Global Orthopedic Accessories Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
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According to The Business Research Company's, The orthopedic accessories market size has grown steadily in recent years. It will grow from $3.36 billion in 2023 to $3.48 billion in 2024 at a compound annual growth rate (CAGR) of 3.5%. The growth in the historic period can be attributed to aging population, orthopedic injuries, rehabilitation and physical therapy, lifestyle and fitness trends.
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.
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Market Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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.
Orthopedic Accessories Market 2024 Key Insights:
• 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%.
• Rising Incidences Of Road And Sports Accidents Fuel Growth In The Orthopaedic Accessories Market
• 3D Printing Technology Revolutionizes Customization And Efficiency In The Orthopedic Accessories Market
• North America was the largest region in the global orthopedic accessories devices equipment market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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