The global orthopaedic braces and supports market encompasses various medical devices designed to provide support, stability, and relief for individuals with musculoskeletal conditions. These devices include braces, splints, and supports for various body parts, addressing conditions such as arthritis, fractures, and sports injuries. They aid in rehabilitation, alleviate pain, and facilitate the healing process. The market has a diverse product portfolio catering to anatomical regions and conditions. Orthopaedic braces and supports are widely utilised in orthopaedic clinics, hospitals, and home care settings.
Data Bridge Market Research analyses that the Global Orthopaedic Braces and Supports Market, which was USD 3,293.13 million in 2022, is expected to reach USD 6,190.23 million by 2030 and is expected to undergo a CAGR of 7.60% during the forecast period of 2023 to 2030.
"Technological advancements drive the market growth"
Major players' intensified efforts in developing technologically advanced products fueled market growth in orthopaedic braces and supports. Thuasne's ActionReliever, a low-cost arthritis knee brace released in July 2020, offers a surgery-delaying alternative for non-compartmental knee arthritis patients. DJO introduced the DonJoy X-ROM Post-Op Knee Brace in June 2020, enhancing recovery from ACL repair and knee surgeries. Thermoskin's Ankle Defence, launched in December 2020, exemplifies Australia's technological contributions with increased support. These innovations underscore the industry's commitment to providing advanced solutions, propelling market expansion.
What restraints the growth of the global orthopaedic braces and supports market?
"Lack of awareness hamper the market growth"
The market for orthopaedic braces and supports faces hindrances due to a notable lack of awareness among patients and healthcare providers. Individuals with orthopaedic conditions may remain uninformed about the advantages of using these devices, and healthcare professionals may not sufficiently guide or educate them. This limited awareness negatively impacts market penetration, as potential users may not recognize the therapeutic benefits of orthopaedic braces and supports, resulting in subdued demand and hindered market growth.
Segmentation: Global Orthopaedic Braces and Supports Market
The global orthopaedic braces and supports market is segmented on the basis of product, type, application and distribution channel.
- On the basis of product, the global orthopaedic braces and supports market is segmented into ankle braces and supports, foot walkers and orthoses, hip, back, and spine braces and supports, knee braces and supports, shoulder braces and supports, elbow braces and supports, hand/wrist braces and supports, facial braces and supports
- On the basis of type, the global orthopaedic braces and supports market is segmented into soft and elastic braces, hinged braces, and hard braces
- On the basis of application, the global orthopaedic braces and supports market is segmented into preventive care, ligament injury, post-operative rehabilitation, osteoarthritis, compression therapy, and others
- On the basis of distribution channel, the global orthopaedic braces and supports market is segmented into orthopaedic clinics, retail pharmacies, and others
Regional Insights: North America is expected to dominate the Global Orthopaedic Braces and Supports Market
North America is expected to dominate the global orthopaedic braces and support the market in market share and revenue, maintaining its stronghold from 2023 to 2030. This dominance is attributed to heightened research and development investments, escalating government initiatives, and enhanced healthcare infrastructure across various countries. The region's sustained commitment to advancing medical capabilities positions it as a leading force in driving the growth and evolution of the orthopaedic braces and supports market.
Asia-Pacific is expected to dominate the global orthopaedic braces and supports market, exhibiting the highest growth rate from 2023 to 2030. The region's ascent is attributed to augmented government expenditure on healthcare and heightened technological advancements. Initiatives by regional governments further bolster the market, signalling a period of significant expansion in orthopaedic support solutions as Asia-Pacific emerges as a pivotal player in fostering advancements and accessibility in musculoskeletal healthcare.
Recent Developments: Global Orthopaedic Braces and Supports Market
- In September 2022, DJ Orthopedics, Inc. unveiled the BOA (Back Orthotic Appliance), a versatile back bracing system catering to diverse clinical spinal indications. Tailored for post-operative support following spinal fusion and laminectomy, as well as acute and chronic low back pain, it provides comprehensive solutions for conditions such as disc herniation or degeneration
To know more about the study, visit https://www.databridgemarketresearch.com/reports/global-orthopedic-braces-and-supports-market
The Prominent Key Players Operating in the global orthopaedic braces and supports market Include:
- DJO, LLC (U.S.)
- Zimmer Biomet (U.S.)
- Medtronic (Ireland)
- Stryker Corporation (U.S.)
- Össur (Iceland)
- NuVasive®, Inc (U.S.)
- Integra LifeSciences Corporation (U.S.)
- Globus Medical (U.S.)
- OTTOBOCK (Germany)
- AC Mould Engineering Limited (China)
- Johnson & Johnson Services, Inc (U.S.)
- Weber Orthopedic LP. DBA Hely & Webe (U.S.)
- BSN medical (India)
- Becker Orthopedic (U.S.)
- OPPO MEDICAL INC (U.S.)
- Langer Biomechanics (U.S.)
- Frank Stubbs Company Inc. (U.S.)
- DeRoyal Industries, Inc (U.S.)
- Ascent Meditech Limited (India)
- Alcare Co., Ltd (Tokyo)
Above are the key players covered in the report, to know about more and exhaustive list of global orthopaedic braces and supports market companies, contact: https://www.databridgemarketresearch.com/contact
Research Methodology: Global Orthopaedic Braces and Supports Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
