Orthopedic braces and support Market - Trends Forecast Till 2028

Market Overview

The global orthopedic braces and support market is anticipated to reach USD 5.2 billion by 2020 growing at a CAGR of 5.2% during the forecasting period, 2020-2028. Orthopedic braces and support are the medical devices that are designed for addressing musculoskeletal issues and they are used for aligning properly, correcting the position, supporting, stabilizing, and protecting certain parts of the body. Factors such as the rising prevalence of orthopedic diseases & disorders and continuous product commercialization are some of the major drivers for orthopedic braces and support market

Key Findings

The global orthopedic braces and support market is segmented into product, type, application, end-user, distribution channel, and geography.

The product segment is segmented into Lower Extremities Braces and Supports, Upper Extremities Braces and Supports. 

The type segment is segmented into Hinged Braces and Supports, Soft & Elastic Braces and Supports, Hard & Rigid Braces and Supports

Application segment is segmented into Preventive Care, Ligament Injury, Osteoarthritis, Post-Operative Rehabilitation, and Others

The end-User segment is segmented into Hospitals, Clinics, Home Healthcare and Others

Distribution Channel segment is segmented into OTC, Orthopedic Clinics, Hospitals & Surgical Centers and Others

Geographically, the global orthopedic braces and support market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions 

Regional Analysis

North America region is the largest contributor to the orthopedic braces and support market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028.

Competitive Landscape

Key players in the global orthopedic braces and support market are DJO Global, Zimmer Biomet, Medtronic, Smith and Nephew, Stryker, Ossur, Nuvasive, Integra Lifesciences, Globus Medical, DePuy Synthes, Ottobock, AC Mould, Johnson & Johnson, Weber Orthopedic Inc., Bledsoe Brace Systems, FLA Orthopedics, Bauerfeind USA Inc., Oppo  Medical Inc., Langer Biomechanics, BSN Medical, Frank Stubbs Co., Inc., Mcdavid Knee Guard, Inc., Alcare Company Ltd. among others

Recent Developments

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

• In 2017, Johnson & Johnson has introduced an Orthopaedic Platform for improving clinical outcomes by helping health systems and surgeons drive improvements in orthopedic care
• In 2019, NuVasive Inc. has announced that its LessRay radiation reduction and workflow enhancement system has been voted a winner & won gold at the 2019 Medical Design Excellence Awards

Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
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• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope