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 new report by Maximize Market Research on the Global Orthopedic Braces and Supports Market 2022-2029 offers valuable insights into the market’s competitors. The research provides a comprehensive and fundamental analysis of the market, including an exploration of subjective factors that can provide readers with essential business insights. It offers a market overview that encompasses the value chain structure, geographical analysis, applications, market size, and forecast (2021-2029). The research serves as a reliable tool for a more precise assessment of the present and future conditions of the global Orthopedic Braces and Supports market.
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Orthopedic Braces and Supports Market Scope
The report places emphasis on key factors driving and restraining major companies, while also highlighting current competitive benchmarking and development prospects. It presents the latest trends in the Orthopedic Braces and Supports market and offers insights into future demand, supply chains, sales, and recent market changes.
The Orthopedic Braces and Supports market research report includes company profiles, product specifications, production capacity/sales, revenue, price, gross margin, and sales by product. In terms of competitive analysis, the report features profiles of key market players, encompassing company overview, financial performance, product portfolio, and strategies. The research incorporates a combination of quantitative and qualitative research methods, utilizing SWOT and PESTLE analysis.
Orthopedic Braces and Supports Market Segmentation
Based on the product, The market for orthopedic braces and supports is segmented into five product categories: knee, ankle, back, hip, and spine braces and supports, foot walkers and orthoses, hand, wrist, shoulder, elbow, and facial braces and supports.
The orthopedic braces and supports market is segmented into three categories based on type: hinged braces and supports, hard braces and supports, and soft and elastic braces and supports. The category of soft & elastic braces and supports is anticipated to grow at the quickest rate during the period of the forecast. Growth in this market is being driven by the expanding availability of better products, the rising acceptance and patient preference for orthopedic braces in post-operative and preventative care, and the supportive reimbursement environment for target products across mature countries. A better bite is achieved by wearing elastic bands, which improve the fit of the upper and lower teeth and/or jaws.
Application-based segmentation of the orthopedic braces and supports market includes osteoarthritis, compression therapy, ligament injury, post-operative rehabilitation, and other conditions. The ligament injury category is anticipated to hold the largest market share in 2022. The expanding public participation in sports and athletic endeavors (together with the escalating rate of injuries resulting from such activities), the rising accident rate worldwide, and the expanding accessibility of medical coverage for ligament injuries are all factors that affect the size of this market.
according to the end user, Based on end-use, the orthopedic braces and support systems market is segmented into hospitals, over-the-counter (OTC) DME Dealers, orthopedic clinics, and other institutions. In 2022, orthopedic clinics have a market share of over 30.0%. This is due to the fact that the major setting for treating patients with musculoskeletal discomfort is orthopedic clinics. Hospitals enjoyed a significant market share due to the vast number of patients seeking care there, particularly in situations of serious accidents. These can include fractured bones, spinal injuries, and wounds from auto accidents.
1. Global Orthopedic Braces and Supports Market Size, by Product (2023-2029)
• Knee Braces and Supports
• Ankle Braces and Supports
• Foot Walkers and Orthoses
• Hip, Back, And Spine Braces and Supports
o Neck & Cervical Spine Braces and Supports
o Lower Spine Braces and Supports
• Shoulder Braces and Supports
• Elbow Braces and Supports
• Hand & Wrist Braces and Supports
• Facial Braces and Supports
2. Global Orthopedic Braces and Supports Market Size, by Type (2023-2029)
• Soft & Elastic Braces and Supports
• Hard Braces and Supports
• Hinged Braces and Supports
3. Global Orthopedic Braces and Supports Market Size, by Application (2023-2029)
• Ligament Injury
o Anterior Cruciate
o Lateral Collateral
o Other
• Preventive Care
• Post-operative Rehabilitation
• Osteoarthritis
• Compression Therapy
• Other
Global Orthopedic Braces and Supports Market Size, by End User (2023-2029)
• Orthopedic Clinics
• Over the Counter (OTC)
• Hospitals
• DME Dealers
• Others
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Orthopedic Braces and Supports Market Key Players
DJO Global, Inc. (US)
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)
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Regional Analysis
The global Orthopedic Braces and Supports Market’s growth trend is examined in depth throughout the report. It segmented into the major 5 regions, such as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which have global dominance in the Orthopedic Braces and Supports market.
Key Questions answered in the Orthopedic Braces and Supports Market Report are:
- What is Orthopedic Braces and Supports Market?
- What is the forecast period of the Orthopedic Braces and Supports Market?
- What is the competitive scenario of the Orthopedic Braces and Supports market?
- Which region held the largest market share in the Orthopedic Braces and Supports Market?
- What are the opportunities for the Orthopedic Braces and Supports Market?
- What are the restraining factors in the Orthopedic Braces and Supports market?
- Who are the key players of the Orthopedic Braces and Supports market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Orthopedic Braces and Supports#
- Landscape- Leading key players and other prominent key players.
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