Orthopedic Braces and Supports Market size was valued at USD 3.81 Bn. in 2022 and the total Orthopedic Braces and Supports revenue is expected to grow by 6 % from 2023 to 2029, reaching nearly USD 5.7 Bn.
Orthopedic Braces and Supports Market Overview
The report delivered by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning. The total global market for the Orthopedic Braces and Supports Market was valued at USD in 2022 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2029.
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Orthopedic Braces and Supports Market Report Scope and Research Methodology
The Orthopedic Braces and Supports Market report includes current trends and market highlights, assisting clients in exploring lucrative opportunities in the market. During the forecast period, the report covers market size with estimations and growth rates. To understand Orthopedic Braces and Supports market penetration, competitive structure, pricing, and demand analysis, regional market analysis is carried out at the local, regional, and global levels.
Data is collected using primary and secondary collection methods with qualitative and quantitative approaches. Primary data include surveys, questionnaires and telephonic interviews with market experts, market leaders and business owners. Secondary data was taken from press releases, annual reports, financial reports, government organizations’ sites and white papers. The bottom-up approach was used for Orthopedic Braces and Supports market estimation. For a competitive landscape of the Orthopedic Braces and Supports Market, Key players are collected based on various parameters that involve the products and services offered, revenue generated, technological advancements adopted and mergers and acquisitions. Research tools such as SWOT, PESTLE and Porter’s Five forces were used for the Orthopedic Braces and Supports Market analysis for the Micro and macro factors affecting the Orthopedic Braces and Supports Market presented.
Orthopedic Braces and Supports Market Regional Insights
The Orthopedic Braces and Supports market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions.
Orthopedic Braces and Supports Market Segmentation
by Product
1. Knee Braces and Supports
2. Ankle Braces and Supports
3. Foot Walkers and Orthoses
4. Shoulder Braces and Supports
5. Elbow Braces and Supports
6. Hand & Wrist Braces and Supports
7. Facial Braces and Supports
8. Hip, Back, And Spine Braces and Supports
1.2 Neck & Cervical Spine Braces and Supports
1.2 Lower Spine Braces and Supports
Based on Product, The orthopedic braces and supports market is divided into five product categories: knee braces and supports, ankle braces and supports, back, hip, and spine braces and supports, foot walkers and orthoses, hand and wrist braces and supports, shoulder braces and supports, elbow braces and supports, and facial braces and supports.
by Type
1. Soft & Elastic Braces and Supports
2. Hard Braces and Supports
3. Hinged Braces and Supports
Based on the Type, The orthopedic braces and supports market is divided into three types: soft and elastic braces and supports, hard braces and supports, and hinged braces and supports. During the forecast period, the soft & elastic braces and supports category is expected to increase at the fastest rate. The growing availability of improved goods, increasing acceptance and patient preference for orthopedic braces in post-operative and preventative care, and the supportive reimbursement landscape for target products across mature countries are driving growth in this market. Wearing elastic bands enhances the fit of the upper and lower teeth and/or jaws, resulting in a better bite. Elastic bands help to correct the bite and are crucial during the bite-fixing phase of orthodontic treatment, which is typically the longest and most difficult aspect of the whole process.
by Application
1.Ligament Injury
1.1 Anterior Cruciate
1.2 Lateral Collateral
1.3 Other
2.Preventive Care
3. Post-operative Rehabilitation
4.Osteoarthritis
5.Compression Therapy
6. Other
Based on the Application, The orthopedic braces and supports market is divided into several applications, including preventative care, ligament damage, post-operative rehabilitation, osteoarthritis, compression treatment, and others. In 2022, the ligament injury category is predicted to occupy the biggest market share. The growing public engagement in sports and athletic activities (combined with the rising frequency of sports-related injuries), the growing number of accidents globally, and the growing availability of medical coverage for ligament injuries all contribute to this segment’s size.
by End-User
1. Orthopedic Clinics
2.Over the Counter (OTC)
3. Hospitals
4. DME Dealers
5.Others
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Orthopedic Braces and Supports Market Key Players
1. Zimmer Biomet (US)
2. Medtronic (US)
3. Stryker Corporation (US)
4. Becker Orthopedic (US)
5. OPPO MEDICAL INC (US)
6. Langer Biomechanics (US)
7. Integra LifeSciences Corporation (US)
8. Globus Medical (US)
9. Frank Stubbs Company (US)
10.DeRoyal Industries (US)
11.NuVasive, Inc (US)
12.Weber Orthopedic LP. DBA Hely & Webe (US)
13.Active Ankle Systems, Inc (US)
14.3M Company (US)
15.Ottobock SE & Co. KGaA (Germany)
16.Artsanity S.R.L. (Italy)
17.Össur hf. (Iceland)
18.Allard International (Sweden)
19.Ascent Meditech Limited (India)
20.Alcare Co., Ltd (Japan)
21.Arshine Lifescience Co., Ltd. (China)
Key questions answered in the Orthopedic Braces and Supports Market are:
- What is Orthopedic Braces and Supports?
- What was the Orthopedic Braces and Supports market size in 2023?
- What is the growth rate of the Orthopedic Braces and Supports Market?
- Which are the factors expected to drive the Orthopedic Braces and Supports market growth?
- What are the different segments of the Orthopedic Braces and Supports Market?
- What growth strategies are the players considering to increase their presence in Orthopedic Braces and Supports?
- What are the upcoming industry applications and trends for the Orthopedic Braces and Supports Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Orthopedic Braces and Supports Market?
- What is the demand pattern of the Orthopedic Braces and Supports Market?
- What major challenges could the Orthopedic Braces and Supports Market face in the future?
- What segments are covered in the Orthopedic Braces and Supports Market?
- Who are the leading companies and what are their portfolios in Orthopedic Braces and Supports Market?
- What segments are covered in the Orthopedic Braces and Supports Market?
- Who are the key players in the Orthopedic Braces and Supports market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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