Orthopaedic Braces and Supports Market report is a comprehensive background analysis of the industry, which includes an assessment of the parental market. With the global market data provided in the reliable marketing report, it has become easy to gain global perspective for the international business. The market report also contains the drivers and restraints for the market that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, mergers and acquisitions by the several key players and brands that are driving the market are by systemic company profiles.
Global Orthopaedic Braces and Supports Market Analysis and Size
These orthopaedic braces are generally preferred over other invasive treatments owing to the advantages, including quick recovery and less pain. The rise in the prevalence of orthopaedic diseases is escalating the growth of orthopaedic braces and supports market.
The orthopaedic braces and supports market was valued at USD 3.34 billion in 2021 and is expected to reach USD 5.99 billion by 2029, registering a CAGR of 7.60% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Global Orthopaedic Braces and Supports Market, By Product (Ankle Braces and Supports, Foot Walkers and Orthoses, Hip, Back, and Spine Braces and Supports, Knee Braces and Supports, Shoulder Braces and Supports, Elbow Braces and Supports, Hand/Wrist Braces and Supports, Facial Braces and Supports), Type (Soft and Elastic Braces, Hinged Braces, Hard Braces), Application (Preventive Care, Ligament Injury, Post-Operative Rehabilitation, Osteoarthritis, Compression Therapy, Others), Distribution Channel (Orthopaedic Clinics, Retail Pharmacies, Others) – Industry Trends and Forecast to 2029.
In the persuasive Orthopaedic Braces and Supports Market report, the complete and crystal clear outline of the market is penned down which is useful for many businesses. With this business report not only an unskilled individual but also a professional can easily extrapolate the entire market within a few seconds. This business report is prepared using data sourced from in-house databases, secondary and primary research performed by a team of industry experts. An influential Orthopaedic Braces and Supports Market research report can be explored in terms of breakdown of data by manufacturers, region, type and application, market status, market share, growth rate, future trends, market drivers, opportunities and challenges, emerging trends, risks and entry barriers, sales channels, and distributors.
Competitive Landscape and Orthopaedic Braces and Supports Market Share Analysis
The orthopaedic braces and supports market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to orthopaedic braces and supports market.
Some of the major players operating in the orthopaedic braces and supports market are
- DJO, LLC (US)
- Zimmer Biomet (US)
- Medtronic (Ireland)
- Stryker Corporation (US)
- Össur (Iceland)
- NuVasive®, Inc (US)
- Integra LifeSciences Corporation (US)
- Globus Medical (US)
- OTTOBOCK (Germany)
- AC Mould Engineering Limited (China)
- Johnson & Johnson Services, Inc (US)
- Weber Orthopedic LP. DBA Hely & Webe (US)
- BSN medical (India)
- Becker Orthopedic (US)
- OPPO MEDICAL INC (US)
- Langer Biomechanics (US)
- Frank Stubbs Company Inc. (US)
- DeRoyal Industries, Inc (US)
- Ascent Meditech Limited (India)
- Alcare Co., Ltd (Tokyo)
Global Orthopaedic Braces and Supports Market Definition
Braces and supports refer to the orthopaedic equipment that are widely utilized for aligning, supporting, holding, and correcting certain parts of the body. These equipment are manufactured using specialized materials with intelligent designs, and are known to provide intense targeted support to the spine, ankle, shoulder, knee, spine, ankle and upper elbow, among other body parts.
Orthopaedic Braces and Supports Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Prevalence of Orthopaedic Diseases and Disorders
The increase in orthopaedic diseases and disorders, such as osteoarthritis and rheumatoid arthritis across the globe acts as one of the major factors driving the growth of orthopaedic braces and supports market.
- Geriatric Population
The rise in the geriatric population accelerate the market growth as ageing population is highly susceptible to musculoskeletal disorders.
- Sports-Related Injuries
The surge in the number of sports-related injuries owing to the increasing number of sports activities further influence the market.
Opportunities
Furthermore, increased sales of off-the-shelf and online products, and promotion and branding initiatives extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, continuous product commercialization will further expand the market.
Restraints/Challenges Global Orthopaedic Braces and Supports Market
On the other hand, limited patient qualification for bracing-mediated orthopedic treatment and less clinical evidence to support the therapeutic efficacy of orthopedic braces are expected to obstruct market growth. Also, rise in adoption of pain medications is projected to challenge the orthopaedic braces and supports market in the forecast period of 2022-2029.
This orthopaedic braces and supports market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
COVID-19 Impact on Orthopaedic Braces and Supports Market
COVID-19 had a negative impact on the orthopaedic braces and supports market owing to the factors including ban on organized sports and decline in elective surgeries. Hospital access was restricted to non-essential care, and O&P clinics were temporarily closed during the pandemic. The implementation of social distancing, lockdown of the population and limited access to clinics greatly affected the market. The slow-down in patient flow and referrals, and decline in trauma and workplace injuries also impacted the market growth. However, market will resume its growth in the post-pandemic due to the easing in restrictions that were imposed earlier.
Recent Development
- DJO, launched DonJoy X-ROM Post-Op Knee Brace in September’2020. The product is one of the most advanced range of motion (ROM) protection and it is said to possess enhanced user-friendly design for easier and faster application and adjustment. The X-ROM brace assists patients in recovering from ACL repair and other knee surgeries. It provides improved comfort, stability and confidence.
Global Orthopaedic Braces and Supports Market Scope and Market Size
The orthopaedic braces and supports market is segmented on the basis of product, type, application and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Ankle Braces and Supports
- Foot Walkers and Orthoses
- Hip, Back, and Spine Braces and Supports
- Knee Braces and Supports
- Shoulder Braces and Supports
- Elbow Braces and Supports
- Hand/Wrist Braces and Supports
- Facial Braces and Supports
On the basis of product, the orthopaedic braces and supports market is segmented into ankle braces and supports, foot walkers and orthoses, hip, back, and spine braces and supports, knee braces and supports, shoulder braces and supports, elbow braces and supports, hand/wrist braces and supports, and facial braces and supports.
Type
- Soft and Elastic Braces
- Hinged Braces
- Hard Braces
On the basis of type, the orthopaedic braces and supports market is segmented into soft and elastic braces, hinged braces, and hard braces.
Application
- Preventive Care
- Ligament Injury
- Post-Operative Rehabilitation
- Osteoarthritis
- Compression Therapy
- Others
On the basis of application, the orthopaedic braces and supports market is segmented into preventive care, ligament injury, post-operative rehabilitation, osteoarthritis, compression therapy, and others.
Distribution Channel
- Orthopaedic Clinics
- Retail Pharmacies
- Others
On the basis of distribution channel, the orthopaedic braces and supports market is segmented into orthopaedic clinics, retail pharmacies and others.
Table of Contents:
- Introduction
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- By Component
- Product Type
- Delivery
- Industry Type
- Geography
- Overview
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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Orthopaedic Braces and Supports Market Regional Analysis/Insights
The orthopaedic braces and supports market is analysed and market size insights and trends are provided by country, product, type, application and distribution channel as referenced above.
The countries covered in the orthopaedic braces and supports market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the orthopaedic braces and supports market because of the rising risk of osteoporosis because of the high number of obese and geriatric people within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the huge base of geriatric population in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The orthopaedic braces and supports market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for orthopaedic braces and supports market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the orthopaedic braces and supports market. The data is available for historic period 2010-2020.
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