Global Orthopedic Braces And Support Devices And Equipment Market Projected to Grow at 4.7% CAGR, Reaching $5.05 Billion by 2029

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What Will the Orthopedic Braces And Support Devices And Equipment Industry Market Size Be by 2025?
The market size for orthopedic braces, support devices, and equipment has seen consistent growth in the recent past. It is projected to rise from $4.01 billion in 2024 to $4.2 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.9%. The unprecedented growth during the historic period can be accredited to factors such as the elderly population, orthopedic injuries, importance of rehabilitation and physical therapy, and trends in lifestyle and fitness.

What's the Long-Term Growth Forecast for the Orthopedic Braces And Support Devices And Equipment Market Size Through 2029?
The market for orthopedic braces, support devices, and equipment is predicted to experience consistent expansion in the upcoming years, achieving a size of $5.05 billion in 2029 with a compound annual growth rate (CAGR) of 4.7%. This growth throughout the forecast period can be linked to the development of emerging markets, regulatory backing and reimbursement, value-focused healthcare, and individualized medicine. Notable trends during this forecast time frame include smart orthopedic braces, 3D printing, lightweight materials that also offer breathability, as well as tele-rehabilitation and remote monitoring capabilities.

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What Are the Key Growth Drivers Fueling the Orthopedic Braces And Support Devices And Equipment Market Expansion?
The escalation in the aged population is propelling the market for orthopedic braces and support devices and equipment. As people grow older, their susceptibility to injuries increases due to the weakening of bones and connective tissues. For instance, in the US, about 70% of the population within the age bracket of 50-70 years experiences osteoarthritis, a figure projected to rise in the future forecast period. This is primarily instrumental in the expansion of this market.

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What Are the Key Trends Driving Orthopedic Braces And Support Devices And Equipment Market Growth?
Prominent organizations active in the orthopedic braces and support devices and equipment industry are concentrating on the creation of sophisticated products like unloader technology-based brace systems. These systems provide efficient relief from pain and improved mobility for osteoarthritis patients eliminating the necessity for surgery. The unloader technology-based brace system in orthopedic braces aids in pain reduction while enhancing movement by unloading weight from damaged or arthritic joints, subsequently redistributing forces to aid healing and boost functionality. For example, Enovis Corporation, a US medical technology firm, unveiled the DonJoy Roam OA knee brace in January 2024. This product boasts 'Mag-align' magnetic clips for superior strap alignment, easy-to-use Set-and-Forget technology, and the adjustable support BOA Fit System. These advancements boost patient comfort and trust by efficiently unloading and stabilizing, enabling users to preserve or amplify their activity levels.

How Is the Orthopedic Braces And Support Devices And Equipment Market Segmented?
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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Which Companies Are Leading the Charge in Orthopedic Braces And Support Devices And Equipment Market Innovation?
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

Which Regions Are Leading the Global Orthopedic Braces And Support Devices And Equipment Market in Revenue?
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.

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