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Photographic And Photocopying Equipment Market Size Projected To Reach $55.3 Billion By 2034 With A Cagr Of 5.4%
Photographic And Photocopying Equipment
What Is the Projected Growth of the Orthopedic Braces And Support Devices And Equipment Market?
The orthopedic braces and support devices and equipment market has grown steadily, increasing from $4.01 billion in 2024 to $4.2 billion in 2025 at a CAGR of 4.9%. This growth can be attributed to the aging population, orthopedic injuries, rehabilitation needs, and increasing interest in physical therapy and fitness.
The orthopedic braces and support devices and equipment market is expected to grow steadily, reaching $5.05 billion in 2029, with a CAGR of 4.7%. Growth is attributed to developing markets, regulatory frameworks, value-based models, and tailored medical approaches. Trends include smart braces, 3D printing, lightweight materials, and remote care technologies.
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What Are the Different Orthopedic Braces And Support Devices And Equipment Market Segments?
The orthopedic braces and support devices and equipment market covered in this report is segmented -
1) By Type: Lower extremity braces, Upper extremity braces, Back and hip braces, Other braces
2) By Product: Soft And Elastic Braces and Supports, Hinged Braces and Supports, Hard And Rigid Braces and Supports
3) By End User: Hospitals, Home Healthcare, Clinics, Other End-Users
Subsegments:
1) By Lower Extremity Braces: Knee Braces, Ankle Braces, Foot Braces, Thigh Braces
2) By Upper Extremity Braces: Elbow Braces, Wrist Braces, Shoulder Braces, Hand Braces
3) By Back And Hip Braces: Lumbar Braces, Sacral Braces, Pelvic Braces, Hip Braces
4) By Other Braces: Neck Braces, Spinal Braces, Rib Braces
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What Are the Primary Drivers Shaping the Orthopedic Braces And Support Devices And Equipment Market?
The growing elderly population is supporting the orthopedic braces and support devices and equipment market. As bones and connective tissues weaken with age, conditions like osteoarthritis become more prevalent. In the U.S., around 70% of individuals aged 50-70 have osteoarthritis, a trend expected to continue during the forecast period.
Which Companies Are Leading in the Orthopedic Braces And Support Devices And Equipment Market?
Major companies operating in the orthopedic braces and support devices and equipment market include DJO Global, Bauerfeind AG, Otto Bock Healthcare GmbH, Breg Inc., Ossur Hf, DeRoyal Industries Inc., BSN medical GmbH, Medi GmbH & Co. KG, THUASNE Group, 3M Company, Lohmann & Rauscher International, Alcare Company Ltd., McDavid Knee Guard Inc., FLA Orthopedics Inc., Frank Stubbs Co. Inc., Zimmer Biomet Holdings Inc., Ortec B.V., Tynor Orthotics, DUK-IN, Prime Medical Inc., Adhenor, Aspen Medical Products, Rcai, Truelife, Shanghai Huici Medical Technology Co. Ltd., Dynamic Techno Medicals Pvt. Ltd., Hely & Weber Orthopedics, Mueller Sports Medicine Inc., Procare Software LLC, Scheck & Siress Prosthetics Inc., Townsend Design
What Trends Are Expected to Dominate the Orthopedic Braces And Support Devices And Equipment Market in the Next 5 Years?
Companies in the orthopedic braces and support devices market are innovating with new technologies like unloader brace systems to support mobility and reduce pain in osteoarthritis patients. For instance, in January 2024, Enovis Corporation launched the DonJoy Roam OA knee brace, featuring tools like 'Mag-align' clips and the BOA Fit System for enhanced comfort and functionality.
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What Are the Top Revenue-Generating Geographies in the Orthopedic Braces And Support Devices And Equipment Market?
North America was the largest region in global orthopedic devices and equipment market in 2023. Western Europe was the second-largest region in global orthopedic devices and equipment market. The regions covered in the orthopedic braces and support devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Orthopedic Braces And Support Devices And Equipment Market?
2. What is the CAGR expected in the Orthopedic Braces And Support Devices And Equipment Market?
3. What Are the Key Innovations Transforming the Orthopedic Braces And Support Devices And Equipment Industry?
4. Which Region Is Leading the Orthopedic Braces And Support Devices And Equipment Market?
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Market Overview
The Orthopedic Braces Market Size reached USD 4.3 billion in 2022 and is projected to grow from USD 4.5 billion in 2023 to USD 7.3 billion by 2032, with a compound annual growth rate (CAGR) of 6.20% during the forecast period (2023 - 2032).
Key drivers fueling market growth include a growing geriatric population and an increase in the number of sports-related injuries among athletes.
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