Orthopedic Braces and Supports Market Size, Share, and Analysis, By Product (Knee, Shoulder, Ankle, Hand, and Elbow) By Type (Soft, Hinged, and Hard) By Application (ACL, Osteoarthritis, Compression, and Rehabilitation), By Region (North America, Europe,

Orthopedic Braces and Supports Market Size, Share, and Analysis, By Product (Knee, Shoulder, Ankle, Hand, and Elbow) By Type (Soft, Hinged, and Hard) By Application (ACL, Osteoarthritis, Compression, and Rehabilitation), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Orthopedic Braces and Supports Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 4.1 billion and is projected to reach USD 8.9 billion by the completion of 2034.

Orthopedic braces and supports are devices that help to align and support different elements of the musculoskeletal system. They are used to treat injuries and deformities such as fractures, sprains, arthritis, and post-operative rehabilitation. In addition, braces offer external support to joints and bones, thus helping in relieving pain and promoting healing. These materials are composed of materials such as metal, plastic, and fabric, which can be designed or purchased off the shelf. Furthermore, they play an important role in the rehabilitation and prevention of injuries by increasing mobility and functionality. Besides, orthopedic braces and supports are usually used in medical settings and daily activities to help recover patients and maintain their quality of life.

MARKET HIGHLIGHTS

Orthopedic braces and supports market is expected to reach USD 8.9 billion during the forecast period, as it contains a wide range of products that improve muscle function and recovery from injuries. This industry consists of devices such as knee braces, back supports, wrist braces, and ankle supports, each with a dedicated therapeutic function. In addition, innovations in materials and technology, like smart braces with sensors and 3D-printed personalized options, are boosting the efficacy of the products. Therefore, the orthopedic braces & supports market is driven by high awareness of musculoskeletal health, an increase in sports injuries, and a growing demand for medical treatments. As a result, the industry is growing, with a focus on improving the comfort and treatment outcomes for patients.

Orthopedic Braces and Supports Market Segments:

• By Product
• Knee
• Shoulder
• Ankle
• Hand
• Elbow
• By Type
• Soft
• Hinged
• Hard
• By Application
• ACL
• Osteoarthritis
• Compression
• Rehabilitation

MARKET DYNAMICS

Growth Drivers

Rising Incidence of Musculoskeletal Disorders is Driving Growth in the Orthopedic Braces and Supports Market

Growing Awareness and Prevention Focus Act as a Catalyst for Market Growth

Restraint

High Cost of Advanced Products in the Market Will Impact the Growth

Key Players

• Breg, Inc.
• DonJoy (DJO Global, Inc.)
• Ottobock
• Zimmer Biomet
• DeRoyal Industries, Inc.
• 3M Healthcare
• Aircast (DJO Global, Inc.)
• Stryker Corporation
• Hanger, Inc.
• Orthofix International
• Medi GmbH
• Corflex
• Bauerfeind AG
• Becker Orthopedic
• Silipos, LLC
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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