What are the major factors expected to limit the growth of the orthopedic braces and supports market?

Orthopedic Braces and Supports Market Overview:

The Orthopedic Braces and Supports  market report covers recent developments, trade regulations, import/export analysis, production analysis, value chain optimization, market share, the impact of domestic and localised market players, 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, and geographic expansion. To learn more about the Orthopedic Braces and Supports market, contact Maximize Market Research for an Analyst Brief; our staff will assist you in making an informed market choice that will help you expand your business.

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Covid-19 Impact:

The novel coronavirus illness (COVID-19) problem is wreaking havoc on all service and manufacturing businesses due to severe declines in demand. The majority of workers in this field are at risk. As a result, a substantial number of enterprises have shut down. Consumer demand for specific goods is falling, while other businesses are slowing. On the other hand, there has been an increase in the number of workers in grocery shops and food sellers. The report goes through the impact of Covid-19 in great detail.

Regional Analysis:

In the regional and country sections of the Orthopedic Braces and Supports market analysis, individual market impacting factors and changes in market regulation that impact current and future market trends are also discussed. Consumption quantities, manufacturing sites and volumes, import-export analysis, price trend analysis, cost of raw materials, and downstream and upstream value chain analysis are some of the major indicators used to forecast market conditions for each country.

Orthopedic Braces and Supports Market size was valued at USD 3.6 Bn. in 2021 and the total Orthopedic Braces and Supports revenue is expected to grow by 6 % from 2022 to 2029, reaching nearly USD 5.7 Bn.

Orthopedic Braces and Supports Market Segment Analysis:

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.

Knee braces and supports had the highest revenue share in 2021, owing to an increasing number of people suffering from knee joint-related diseases. Knee braces relieve strain on arthritis-affected knee joints. Individuals suffering from arthritis and other joint-related ailments, athletes, and people who have undergone knee surgery are the primary users of these items. Doctors prescribe walking boots for the stability of fractures, sprains, ligament injuries, or tendon rips in the foot or ankle area. However, owing to its restricted utilization, this category generates little money. Walking boots are further classified as pneumatic and non-pneumatic.

Based on the End User, The orthopedic braces and support systems market is divided into orthopedic clinics, hospitals, over-the-counter (OTC), DME Dealers, and other institutions based end-use. Orthopedic clinics had a market share of more than 30.0% in 2021. This is because orthopedic clinics are the primary point of treatment for people with musculoskeletal discomfort. Because of the enormous number of people seeking care at hospitals, particularly in cases of serious injuries, hospitals enjoyed a major market share. These can include spinal injuries, bone fractures, and injuries sustained in car accidents.

OTC-related orthopedic braces are expected to rise rapidly during the forecast period owing to their widespread availability in retail pharmacies. Patients suffering from acute muscular discomfort prefer to use over-the-counter medications. These products shorten healing time and allow for faster treatment of injured muscles and joints. Key company initiatives are expected to drive market growth. Companies joined Club Warehouse in Australia in February 2021 to market their product lines inside the country. As a result, the firm was able to provide its portfolio to a variety of orthopedic clinics and sports organizations, including the National Rugby League (NRL), the Australian Football League (AFL), and Rugby Union Clubs.

Orthopedic Braces and Supports Market Key Players:

More than fifteen significant market participants from various regions are featured in the Orthopedic Braces and Supports report. In contrast, when studying the market and estimating its size, the report took into account all industry leaders, followers, and new entrants with investors. Every region’s manufacturing environment is unique, so the Orthopedic Braces and Supports report focuses on the regional impact on manufacturing costs, supply chains, raw material availability, labour costs, advanced technology availability, and trusted vendors. The Orthopedic Braces and Supports report also includes recommendations for a future hot spot in the Asia Pacific region. The impact of major countries’ manufacturing policies on demand is discussed in this report.

Key Players Covers:

• Zimmer Biomet (US) • Medtronic(US) • Stryker Corporation(US) • Becker Orthopedic(US) • OPPO MEDICAL INC(US) • Langer Biomechanics(US) • Integra LifeSciences Corporation(US) • Globus Medical(US) • Frank Stubbs Company(US) • DeRoyal Industries(US) • Johnson & Johnson Services, Inc(US) • NuVasive, Inc(US) • Weber Orthopedic LP. DBA Hely & Webe(US) • Össur(Iceland)

Global Orthopedic Braces and Supports Market research report offers:

• The global Orthopedic Braces and Supports market is defined, as well as the examination of several affecting elements such as drivers, restraints, and opportunities.
• Porter’s Five Force Analysis and SWOT analysis are used to define, characterize, and analyse the market competition landscape, with a focus on global main manufacturers.
• Several types available for the product’s application have been analyzed. Statistical analysis has been conducted on obtaining the individual share of these segments.
• Extensive analysis into the global Orthopedic Braces and Supports competitive landscape
• Identification and analysis of micro and macro elements that influence and will influence market growth.
• A complete list of major market players in the global Orthopedic Braces and Supports industry.
• In the global Orthopedic Braces and Supports market, it provides a descriptive study of demand-supply chaining.
• Estimation of the market size along with historic and forecasted trend analysis.
• Figures, charts, graphs, and illustrations are used to clearly describe the market.

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