Orthopaedic Braces and Supports Market Outlook
According to a new report by Expert Market Research titled, “Orthopaedic Braces and Supports Market Size, Share, Analysis, Report and Forecast 2023-2028″, the global orthopaedic braces and supports market reached a value of USD 4.35 billion in 2022. Aided by growing geriatric population and technological advancements, the market is projected to further grow at a CAGR of 4.10% between 2023 and 2028 to reach a value of USD 5.56 billion by 2028.
Orthopaedic braces and supports, designed to stabilise, compress, and protect various parts of the body, are extensively utilised in post-operative care, injury prevention, and as therapeutic tools for chronic ailments. Their prominent usage can be seen in conditions like osteoporosis, postural disorders, and other degenerative conditions. These devices play a pivotal role in offering pain relief, enhancing physical mobility, and significantly improving the overall quality of life for patients.
The acceleration in orthopaedic braces and supports market growth is mainly due to global upsurge in fitness consciousness. The trend of leading an active lifestyle has invigorated participation in sports and physical activities. While this has numerous health benefits, it also increases the risk of physical injuries, therefore escalating the demand for orthopaedic braces and supports as preventive and post-injury care products.
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Development of customised and technologically advanced braces has contributed largely to the growing orthopaedic braces and supports market size. The integration of smart technology, including sensors and adjustable mechanisms, ensures that these devices offer optimal support without hindering movement. Moreover, there is an increased preference for lightweight, durable, and skin-friendly materials that provide the user with utmost comfort during prolonged usage.
The orthopaedic braces and supports market analysis highlights their heightened demand in geriatric care. As the global population continues to age, there is a parallel increase in age-related musculoskeletal problems. Conditions like arthritis, spinal disorders, and osteoporosis enhances the use of orthopaedic braces and supports, thereby intensifying market demand. Also, these products have found pronounced acceptance among the elderly as they offer non-invasive remedies, reducing the need for medication or surgery.
Furthermore, the rising awareness about preventive healthcare is fuelling the orthopaedic braces and supports market demand. Instead of focusing merely on treatments, there is a substantial emphasis on preventing potential injuries. This is especially prominent in the athletic community. Many professional athletes are now routinely using orthopaedic supports as a precautionary measure during their training sessions, thereby expanding the product’s application range.
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Orthopaedic Braces and Supports Market Segmentation
The market can be divided based on product, type, application, end use, and region.
Market Breakup by Product
- Lower Extremity Braces and Supports
- Spinal Braces and Supports
- Upper Extremity Braces and Supports
Market Breakup by Type
- Soft and Elastic Braces and Supports
- Hinged Braces and Supports
- Hard and Rigid Braces and Supports
Market Breakup by Application
- Ligament Injury
- Preventive Care
- Post-Operative Rehabilitation
- Osteoarthritis
- Others
Market Breakup by End Use
- Orthopaedic Clinics
- Hospitals and Surgical Centres
- Over-the-Counter (OTC) Platforms
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global orthopaedic braces and supports market. Some of the major players explored in the report by Expert Market Research are as follows:
- BREG, Inc.
- Össur Corporate.
- Bauerfeind AG
- BSN medical GmbH
- DJO Global, Inc.
- 3M Company
- Others
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