Orthopedic Braces And Supports Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Orthopedic Braces Supports Market: By Product Type (Knee Braces and Supports, Ankle Braces and Supports, Foot Walkers and Orthoses, Hip, Back, And Spine Braces and Support, Shoulder Braces and Supports, Elbow Braces and Supports, Hand & Wrist Braces and Supports, Facial Braces and Supports), By Type (Soft & Elastic Braces and Supports, Hard Braces and Supports, and Hinged Braces and Supports), By Application (Preventive Care, Ligament Injury, Post-operative Rehabilitation, Osteoarthritis, Compression Therapy, Others), By Distribution Channel (Hospitals and Surgical Centres, Orthopedic Clinics, Pharmacies & Retailers, E-commerce platforms, Others, and Geography

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Report

Description

The orthopedic braces and supports market was valued at USD 4,395.2 Million in 2021 and is expected to grow at a significant CAGR of 6.3% over 2022-2028. The orthopedic braces and supports market is being propelled forward by the growing incidence of orthopedic diseases and disorders, constant technological commercialization, higher product accessibility, availability of materials, increasing number of sports and accident-related injuries, and increasing public awareness of preventive care. Because fat persons are at a higher risk of orthopaedic and musculoskeletal injuries, as well as diabetes, the frequency of orthopaedic diseases and disorders is expected to climb even more in the coming years as the prevalence of overweight and obesity and associated lifestyle problems increases. Orthopedic braces and supports provide various advantages over traditional solutions, including lower cost, improved efficacy, more patient comfort, and ease of use. Key manufacturers are rapidly creating customised solutions for the treatment of various orthopedic ailments as well as to meet unmet market needs as a result of these benefits. Major end-user facilities (such as hospitals, surgical centers, and orthopedic clinics) in developed markets such as the United States, Germany, the United Kingdom, and Japan are progressively adopting innovative orthopedic braces. On the other hand, end-user facilities in emerging and developing markets are cautious about accepting new items due to a lack of understanding and pricing. These people appreciate traditional/well-established things that have proven clinical evidence to support their therapeutic/diagnostic purpose. Hospitals and surgical centers segment will account for the greatest market share in the global orthopedic braces and support market, according to the distribution channel. In 2022, the largest end-user category in the orthopedic braces and supports market is predicted to be hospitals and surgical centers. The expanding number of orthopedic surgical procedures that require post-operative patient rehabilitation, as well as advantageous reimbursement for personalized braces and supports, are driving the market growth.

Recent Market Developments:

In Feb. 2021, Breg, Inc., a leading orthopedic bracing and billing services company, has announced the launch of two new lines of spinal orthoses:  Pinnacle and Ascend™. The 15 new products, manufactured exclusively by Breg, are designed to elevate care for patients with spinal injuries.

In  March 2022, With changing demographics, the rise of digital technologies, and sharing industry best practices, Ottobock announces the appointment of a dynamic, next-generation leader to take charge of one of the most integral roles in the orthotic and prosthetic industry. Signifying a shift in the way Ottobock approaches education, training, and clinical support, Aideen Curran has been named the Director of Professional and Clinical Services (PCS), Ottobock North America.

Orthopedic Braces And Supports Market

MARKET SUMMARY
-
6.3%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 6.3%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Orthopedic Braces And Supports Market

  • The orthopedic braces and supports market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The orthopedic braces and supports market report gives historical, current, and future market sizes (US$ Mn) based on by type, product type, application, end-user, and geography.
Market Key Players
  • Aspen Medical Products, LLC
  • medi GmbH & Co. KG
  • Bauerfeind AG
  • Thuasne Group
  • 3M Company
  • Össur
Orthopedic Braces Supports Market Dynamics

Product and technology advancements, the growing elderly population, the incidence of chronic and acute illnesses, and big company activities are some of the market’s main drivers. The bracing and support market is mostly driven by surgeries, injuries, and physician availability, all of which were impacted by the epidemic and its effects. As patient visits resumed and operation volumes increased, the market progressively recovered by the end of 2021. A key constraint is the lack of patients qualifying for bracing-mediated orthopedic treatment and clinical evidence to support the therapeutic efficacy of orthopedic braces.


North-America Got Significant Share

Orthopedic Braces And Supports Market

During the projected period, the orthopedic braces and supports market in the Asia Pacific will develop at the fastest rate. The rising geriatric and obese population (combined with the considerable prevalence of orthopedic and diabetes-related disorders in this age group) and increasing healthcare expenditure in APAC countries are driving the demand for orthopedic braces and supports. To preserve their market position, top product makers are adopting strategic measures such as product commercialization, owing to the region's significant growth potential. With the highest CAGR, North America has the second-largest share.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • The orthopedic braces and supports market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
Orthopedic Braces And Supports Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The orthopedic braces and supports market is projected to expand at a CAGR of 6.3% during the forecast period.

Ossur, BREG, Inc., DeRoyal Industries, Inc., Bauerfeind, ALCARE Co., Ltd., Ottobock, Fillauer LLC

Asia-Pacific is the fastest-growing region for orthopedic braces and supports market


Report

Table Of Content


Report

Company Profile

  • Ossur
  • BREG, Inc.
  • DeRoyal Industries, Inc.
  • Bauerfeind
  • ALCARE Co., Ltd.
  • Ottobock
  • Fillauer LLC
  • Frank Stubbs Company Inc.
  • McDavid
  • Hely & Weber.
  • Essity Medical Solutions (BSN Medical)
  • Aspen Medical Products LLC

Description

The orthopedic braces and supports market was valued at USD 4,395.2 Million in 2021 and is expected to grow at a significant CAGR of 6.3% over 2022-2028. The orthopedic braces and supports market is being propelled forward by the growing incidence of orthopedic diseases and disorders, constant technological commercialization, higher product accessibility, availability of materials, increasing number of sports and accident-related injuries, and increasing public awareness of preventive care. Because fat persons are at a higher risk of orthopaedic and musculoskeletal injuries, as well as diabetes, the frequency of orthopaedic diseases and disorders is expected to climb even more in the coming years as the prevalence of overweight and obesity and associated lifestyle problems increases. Orthopedic braces and supports provide various advantages over traditional solutions, including lower cost, improved efficacy, more patient comfort, and ease of use. Key manufacturers are rapidly creating customised solutions for the treatment of various orthopedic ailments as well as to meet unmet market needs as a result of these benefits. Major end-user facilities (such as hospitals, surgical centers, and orthopedic clinics) in developed markets such as the United States, Germany, the United Kingdom, and Japan are progressively adopting innovative orthopedic braces. On the other hand, end-user facilities in emerging and developing markets are cautious about accepting new items due to a lack of understanding and pricing. These people appreciate traditional/well-established things that have proven clinical evidence to support their therapeutic/diagnostic purpose. Hospitals and surgical centers segment will account for the greatest market share in the global orthopedic braces and support market, according to the distribution channel. In 2022, the largest end-user category in the orthopedic braces and supports market is predicted to be hospitals and surgical centers. The expanding number of orthopedic surgical procedures that require post-operative patient rehabilitation, as well as advantageous reimbursement for personalized braces and supports, are driving the market growth.

Recent Market Developments:

In Feb. 2021, Breg, Inc., a leading orthopedic bracing and billing services company, has announced the launch of two new lines of spinal orthoses:  Pinnacle and Ascend™. The 15 new products, manufactured exclusively by Breg, are designed to elevate care for patients with spinal injuries.

In  March 2022, With changing demographics, the rise of digital technologies, and sharing industry best practices, Ottobock announces the appointment of a dynamic, next-generation leader to take charge of one of the most integral roles in the orthotic and prosthetic industry. Signifying a shift in the way Ottobock approaches education, training, and clinical support, Aideen Curran has been named the Director of Professional and Clinical Services (PCS), Ottobock North America.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX