Orthopedic braces and supports are majorly used in surgical centers and hospitals. These products include the support products and orthopedic bracing products for better clinical management of different orthopedic conditions like osteoporosis, osteoarthritis, and different fractures, post-operative care patient rehabilitation, preventive care, maxillofacial surgeries, and osteoarthritis management. Among these, the braces and splints can effectively immobilize the defend joints, decrease its swelling, reduce their pain, alleviate the acute injuries, and facilitate healing. These splints and braces are also used for better injury preventions well as considerable pain reduction. This also includes the alteration of a joint’s functions. The medial unloading knee braces an alternative for patients dealing with medical knee osteoporosis, but evidence of future advantage is restricted in treating pattellofemoral pain syndrome. This patellar tendon strap is more effective in comparison with patellar tendinopathy in healing pain.
Orthopedic Braces & Supports Market accounted for over US$ 4 billion in 2019. It is anticipated to grow at a CAGR of 5.8% from 2020 to 2030.
Orthopedic braces & supports are used to provide support to a weakened body part or joint. They are worn for a short period, usually after an injury or surgery. Some braces are used to address long term or chronic conditions. Examples of some common conditions for which long term use of orthoses may be prescribed include osteoarthritis, scoliosis, back pain, and drop foot, etc. They also provide a counterforce that achieves the desired outcome. They are also used to separate the bones and reduce pain and inflammation as a result.
Major Key Players of the Orthopedic Braces & Supports Market are:
3M, ALCARE Co., Ltd., Bauerfeind, Breg, Inc., Bird & Cronin Inc., BSN medical., DeRoyal Industries, Inc., DJO Global, Inc., medi GmbH & Co. KG, Össur Corporate, and others.
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The market growth of orthopedic braces & supports can be attributed to the rising geriatric population that is highly susceptible to orthopedic conditions, which is anticipated to contribute to the high number of orthopedic procedures, further resulting in the increased requirement for orthopedic braces & supports. The increasing number of orthopedic procedures, a rising number of accidents, and growing obese population around the globe are leading to the increased demand for these products. According to the American Academy of Orthopedic Surgeons (AAOS), by 2030, primary Total Hip Replacement (THR) and Total Knee Replacement (TKR) procedures are projected to grow a staggering 171% and 189% respectively. Additionally, the development & modernization of healthcare facilities is supporting market growth.
The Orthopedic Braces & Supports Market is segmented on the basis of Product, Types, Applications and region.
Major Product of Orthopedic Braces & Supports Market covered are:
- Elbow Braces & Supports
- Hand & Wrist Braces & Supports
- Knee Braces & Supports
- Hip Braces & Supports
- Ankle & Foot Braces & Supports
- Lower Spine Braces & Supports
- Neck & Cervical Braces & Supports
Major Types of Orthopedic Braces & Supports Market covered are:
- Hard Braces and Supports
- Soft & Elastic Braces and Supports
Major Applications of Orthopedic Braces & Supports Market covered are:
- Compression Therapy
- Post-Operative Rehabilitation
- Ligament Injury
- Osteoarthritis
Other factors, such as supportive government policies and improvised reimbursement Medicare policies, are expected to provide lucrative growth opportunities for the market. Moreover, continuous product developments and commercialization by the key players will also boost market growth.
Research objectives:-
– To study and analyze the global Orthopedic Braces & Supports consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Orthopedic Braces & Supports market by identifying its various sub-segments.
– Focuses on the key global Orthopedic Braces & Supports manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Orthopedic Braces & Supports with respect to individual growth trends, future prospects, and their contribution to the total market.=
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET – ANALYSIS & FORECAST, BY PRODUCT
- Elbow Braces & Supports
- Hand & Wrist Braces & Supports
- Knee Braces & Supports
- Hip Braces & Supports
- Ankle & Foot Braces & Supports
- Lower Spine Braces & Supports
- Neck and Cervical Braces and Supports
- Others Braces and Supports
- GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET – ANALYSIS & FORECAST, BY TYPE
- Hard Braces and Supports
- Soft & Elastic Braces and Supports
- Other Types
- GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET – ANALYSIS & FORECAST, BY APPLICATION
- Compression Therapy
- Post-Operative Rehabilitation
- Ligament Injury
- Osteoarthritis
- Other Applications
- GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET – ANALYSIS & FORECAST, BY DISTRIBUTION CHANNEL
- E-Commerce Platforms
- Pharmacies & Retailers
- Hospitals
- Orthopedic Clinics
- Other Distribution Channels
- GLOBAL ORTHOPEDIC BRACES & SUPPORTS MARKET – ANALYSIS & FORECAST, BY REGION
- North America Orthopedic Braces & Supports Market
- Europe Orthopedic Braces & Supports Market
- Asia Pacific Orthopedic Braces & Supports Market
- Rest of the World (ROW) Orthopedic Braces & Supports Market
- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
- 3M
- ALCARE Co., Ltd.
- Bauerfeind
- Breg, Inc.
- Bird & Cronin Inc.
- BSN medical.
- DeRoyal Industries, Inc.
- DJO Global, Inc.
- medi GmbH & Co. KG
- Össur Corporate *Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain
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In the end, Orthopedic Braces & Supports industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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