Overview and Scope
Orthopedic support systems are specialized devices designed to provide structural stability and comfort to the musculoskeletal system. These systems encompass various products, such as orthotics and prosthetics, tailored to support and align specific body parts. These systems offer targeted support that aids in injury recovery, alleviates pain, and enhances mobility, promoting overall well-being and functional independence.
Sizing and Forecast
The orthopedic support systems market size has grown strongly in recent years. It will grow from $3.31 billion in 2023 to $3.60 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to advances in material science, surgical techniques, sports injuries, the aging population, and patient awareness and education.
The orthopedic support systems market size is expected to see strong growth in the next few years. It will grow to $5.10 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to a rise in chronic conditions, sports participation, telehealth and remote monitoring, and emphasis on sustainability. Major trends in the forecast period include wearable technology integration, minimally invasive techniques, telehealth and remote monitoring, orthopedic rehabilitation robotics, and value-based care models.
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Segmentation & Regional Insights
The orthopedic support systems market covered in this report is segmented –
1) By Product: Braces And Support, Splint, Bandage And Sleeves, Strap
2) By Patient: Adult, Pediatric
3) By Application: Upper Body Extremities, Lower Body Extremities
North America was the largest region in the orthopedic support systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthopedic support systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing prevalence of musculoskeletal disorders is expected to propel the growth of the orthopedic support systems market going forward. Musculoskeletal disorders are conditions that affect the muscles, bones, nerves, and other soft tissues of the body, leading to pain and discomfort. Musculoskeletal disorders are increasing due to aging populations, sedentary lifestyles, obesity, occupational hazards, and poor workplace ergonomics. Orthopedic support systems are essential in the comprehensive management of musculoskeletal disorders that help manage musculoskeletal conditions, promote healing and rehabilitation, prevent injuries, and enhance functional outcomes. For instance, in November 2023, according to the Lancet Rheumatology, a UK-based clinical rheumatology journal, the number of musculoskeletal disorder cases is anticipated to increase by 115% between 2020 and 2050, with estimates ranging from 107 to 124, reaching approximately 1,060 million prevalent cases by 2050. Therefore, the increasing prevalence of musculoskeletal disorders is driving the growth of the orthopedic support systems market.
Key Industry Players
Major companies operating in the orthopedic support systems market report are Johnson & Johnson; Medtronic plc; Medline Industries; Zimmer Biomet Holdings; Smith & Nephew plc; Hologic Inc.; Stryker Corporation; Ottobock Healthcare; DJO Global Inc.; NuVasive Inc.; Hanger Clinic; Ossur Corporate; Wright Medical Group N.V.; Deroyal Industries; Performance Health’s; LimaCorporate; Exactech Inc.; McDavid Knee Guard Inc.; Trulife’s; Boston Orthotics & Prosthetics; Bauerfeind AG; Mueller Sports Medicine Inc.; Breg Inc.; Becker Orthopedic; Thuasne; Sigvaris
The orthopedic support systems market report table of contents includes:
1. Executive Summary
2. Orthopedic Support Systems Market Characteristics
3. Orthopedic Support Systems Market Trends And Strategies
4. Orthopedic Support Systems Market – Macro Economic Scenario
5. Global Orthopedic Support Systems Market Size and Growth
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31. Orthopedic Support Systems Market Other Major And Innovative Companies
32. Global Orthopedic Support Systems Market Competitive Benchmarking
33. Global Orthopedic Support Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Orthopedic Support Systems Market
35. Orthopedic Support Systems Market Future Outlook and Potential Analysis
36.Appendix
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