Orthopedic Braces and Supports Market Size, Share, Growth, Analysis, Trend, and Forecast Research Report by 2028

Factors contributing to the growing CAGR of global orthopedic braces and supports market are; increased awareness about preventive care, feasibility of products and growth in the sector. Furthermore, product launches and technological progressions are likely to fuel the market

Based on current analysis, the globalorthopedic braces and supports marketwas valued at USD 4.29 Billion in 2020 and is expected to reach USD 6.64 Billion by 2028, at a CAGR 5.9% Orthopedic braces and supports are principally used in injury rehabilitation, injury prevention, osteoarthritic care, post-operative care and more. Fundamentally, orthopedic braces are wearable medical devices that provide appropriate alignment, posture correction which support the muscles while protecting and steadying several parts of the body mainly including bones, muscles and joints. Through the process of rehabilitation and recovery, orthopedic braces and orthopedic splints protect, stabilize, support and correct injuries or abnormal alignment. Orthopedics and orthotists are authorized professionals who guide their patients to use these devices. Orthopedic braces and support are devices which are advised to be worn immediately after the occurrence of the injury and are suggested to be worn throughout the period of rehabilitation and hospitalization.

Lower extremity braces are used for lower parts of the body, viz foot, ankle and knee while upper extremity braces are chiefly utilized to treat patients with impairments caused in the upper part of the body, namely wrist, elbows and shoulders. Patients having issues with their spinal cord and associated parts are recommended back and hip braces. Reasonable prices of the products with greater availability, increased number of accidental injuries, technological progressions, awareness regarding joints, bones and muscles and intensifying sports industry sectors are acting as market drivers to flourish high demands of orthopedic braces and support in the market. On the other hand, unfamiliarity regarding the new technological developments in the field of orthopedic braces and supports is restraining the growth of the market.

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Some of the key companies operating in the global Orthopedic Braces and Supports market are:

Bauerfeind AG, ssur Hf, DJO Finance LLC, Breg, Inc., DeRoyal Industries, Inc., Bird Cronin, Inc., Ottobock Holding GmbH Co. KG, BSN medical, Zimmer Biomet Holdings, Inc., Oppo Medical, LLC, Becker Orthopedic, Thuasne Group, 3M Company, Reh4Mat, and United Ortho, Malvern Panalytical Ltd., HORIBA, Ltd., Unchained Labs, and SETARAM Instrumentation, among others.

The pharma and healthcare sector is rapidly growing in the recent past and is expected to register substantial revenue share over the forecast period of 2028. Factors such as technological developments in the healthcare and pharma field, improving healthcare infrastructure and increasing healthcare expenditure are key factors boosting market growth. The market dynamics have completely changed after the outbreak of COVID-19 pandemic. Increasing prevalence of various chronic diseases, high occurrence of diabetes, cancer and cardiovascular disorders and rising number of accidents across the globe are fueling growth of the global Orthopedic Braces and Supports market. In addition, increasing investments in research and development activities, high adoption of personalized medicines and ongoing research on drug discovery are further boosting market growth.

The report is curated using extensive primary and secondary research which is thoroughly evaluated by industry experts and professionals. Advanced analytical tools such as SWOT analysis, Porters Five Forces Analysis, and investment return analysis are used to obtain the report data. This data is represented through various diagrams, graphs, tables, and charts to help the reader understand the market dynamics accurately. The report also provides information about each market player, its global position, business expansion plan financial status, license agreement, and product and services portfolio.

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For the purpose of this study, the market is segmented on the basis of type, product, applications, end user and regions:

Type(Revenue in USD Million; 20182028)

  • Soft and elastic
  • Hard and rigid
  • Hinged braces
  • Other braces and supports

Product(Revenue in USD Million; 20182028)

  • Elbow and Forearm
  • Wrist-Hand
  • Shoulders
  • Ankle and Foot
  • Knee
  • Spine and Neck

Applications(Revenue in USD Million; 20182028)

  • Injury Rehabilitation
  • Injury Prevention
  • Osteoarthritis Care
  • Post-Operative Care
  • Others

End User (Revenue in USD Million; 20182028)

  • Hospitals
  • Healthcare centers
  • Clinics
  • Research institutes
  • Other

Regional Outlook:

  • North America (U.S., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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