Orthopedic Braces and Supports Market By Product, Type, Application, End-Users and Top Key Players

Global Orthopedic Braces and Supports Market Research Report, Share, Trends and Forecast Till 2024

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Report Description

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Report Description and Highlights

Report Description

Orthopedic Braces and Supports Market Report By Product (Lower Extremity Braces & Supports, Spinal Braces & Supports and Upper Extremity Braces & Supports), Type (Soft & Elastic Braces & Supports, Hinged Braces & Supports and Hard & Rigid Braces & Supports), Application, End-users, Region The global orthopedic braces and supports market has been witnessing moderate growth since the past few years. This can be accredited to the rapidly increasing geriatric population, rising lifestyle disorders among the working population and the introduction of innovative product variants.

Market Overview: According to the latest report by IMARC Group, titled “Orthopedic Braces and Supports Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global orthopedic braces and supports market reached a value of US$ 3.8 Billion in 2018. Orthopedic braces and supports are equipment that alleviate chronic pain or temporary discomfort while recovering from certain conditions such as surgery or an athletic injury. These devices aid in the appropriate alignment of bones and muscles, thus reducing discomfort and stress while facilitating improved mobility. As a result, they are widely used in the healthcare industry for supporting various body parts including hip, foot, knee, spine, ankle, shoulder and elbow.

Report Description and Highlights

Report Description Market Trends:

With rising incidents of road and athletic accidents, non-invasive healthcare treatments like physical therapy and supportive devices are highly preferred by patients over invasive procedures owing to their cost-effectiveness and painless characteristic which help in speedy recovery. Furthermore, the increasing geriatric population is leading to the growing prevalence of issues such as arthritis, spondylitis and osteoporosis. Moreover, there is a significant rise in musculoskeletal dysfunctions among the working population owing to sedentary lifestyles which, in turn, is catalyzing the demand for these braces and supports. Additionally, innovative product variants with simplified use and increasing awareness about the benefits of orthopedic braces and supports are also contributing to the market growth. Owing to the aforementioned factors, the market value is projected to reach US$ 4.9 Billion by 2024, growing at a CAGR of 4.5% during 2019-2024.

Orthopedic Braces and Supports Market Segmentation: Market Segmentation by Product o Lower Extremity Braces and Supports Request for a sample report: https://www.imarcgroup.com/orthopedic-braces-supports-market/requestsample

Market Forecast

Sample Figure: Global: Orthopedic Braces and Supports Market Forecast: Sales Value (in Billion US$), 2019-2024

184.3

191.7

199.3

207.3

2019

2020

2021

2022

215.6

224.2

2023

2024

Market Segmentation

Report Description

o Spinal Braces and Supports o Upper Extremity Braces and Supports On the basis of the product, the market has been divided into lower extremity braces and supports; spinal braces and supports; and upper extremity braces and supports. The lower extremity braces represent the leading segment among these.

Market Segmentation by Type • • •

Soft and Elastic Braces and Supports Hinged Braces and Supports Hard and Rigid Braces and Supports

Based on the type, soft and elastic braces and supports account for the largest market share. Other major types include hinged braces and supports, and hard and rigid braces and supports.

Market Segmentation by Application •

Ligament Injury

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Market Segmentation

Report Description • • • •

Preventive Care Post-Operative Rehabilitaion Osteoarthritis Others

On the basis of the application, the market has been categorized into ligament injury, preventive care, post-operative rehabilitation, osteoarthritis and others. Currently, ligament injury holds the dominant market share.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

On the geographical front, the market has been categorized into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Among these, North America holds the leading position in the market, accounting for the majority of the global share.

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description Market Segmentation by End-User • • • •

Orthopedic Clinics Hospitals and Surgical Centers Over-the-Counter (OTC) Platforms Others

Based on the end user, the market has been classified into orthopedic clinics; hospitals and surgical centers; over-the-counter (OTC) platforms; and others. Orthopedic clinics currently represent leading segment.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • •

Breg, Inc. Össur Hf Bauerfeind AG BSN Medical DJO Finance LLC

Market Segmentation

Report Description • • • • • • • • • •

3M Company Otto Bock Healthcare Deroyal Industries, Inc. Medi GmbH & Co. KG Thuasne Group Alcare Co., Ltd Zimmer Biomet Holdings, Inc. Trulife Remington Products Company Bird & Cronin

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Report Description and Highlights

Report Description

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