Orthopedic Braces and Supports Market Revenue Poised for Significant Growth During the Forecast Period of 2020-2030
The global Orthopedic Braces and Supports market is anticipated to grow at a significant rate owing to raid advancements and technological developments in the sector. The report offers strategic recommendations to the businesses and investors to capitalize on the lucrative growth opportunities of Orthopedic Braces and Supports market. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, R&D advancements, and industrial penetration of Orthopedic Braces and Supports market.
The global orthopedic braces & supports market size was USD 4.02 Billion in 2021 and is expected to register a revenue CAGR of 6.4% during the forecast period, according to latest analysis by Emergen Research. Rising prevalence of musculoskeletal disorders and rapid technological product development in terms of material and model design of orthopedic braces and supports are crucial factors driving market revenue growth. In addition, increasing incidences of sports injuries and accidents in the recent years is significantly expected to drive revenue growth of the market.
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The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Some major companies in the global market report include Breg, Inc., Bauerfeind AG, Becker Orthopedic, Ottobock Holding GmbH, Össur., Zimmer Biomet Holdings, Inc., Globus Medical, 3M, and DJOGLOBAL, LLC.
Highlights from the Report
- The hip, back, and spine supports segment accounted for significant revenue share in 2021. Hip braces include stabilization and unloader versions, whereas knee braces include patellofemoral, prophylactic, unloader, and functional braces. Back supports aid in spinal decompression, lowering the load on spinal components.
- Reduced pressure lessens muscle tension, a defensive reaction to back injury and trauma, as well as pain that frequently follows. Back braces even provide proprioceptive feedback, which encourages people to improve their posture and adopt good body mechanics.
- Furthermore, customized hip braces are also worn during jogging and exercising to provide compression to injured or strained hip flexor muscles or to alleviate sciatica discomfort. These are the major factors driving revenue growth of this segment.
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The report studies the historical data of the Orthopedic Braces and Supports Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
Emergen Research has segmented global orthopedic braces & supports market based on product, material type, distribution channel, and region:
· Product Outlook (Revenue, USD Billion; 2019-2030)
- Knee Braces and Supports
- Ankle Braces and Supports
- Foot Walkers and Orthoses
- Hip, Back and Spine Braces and Supports
- Shoulder Braces and Supports
- Elbow Braces and Supports
- Hand & Wrist Braces and Supports
- Facial Braces and Supports
· Material Type Outlook (Revenue, USD Billion; 2019-2030)
- Soft & Elastic Braces and Supports
- Hard Braces and Supports
- Hinged Braces and Supports
· Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals
- Orthopedic Clinics
- E-Commerce Platforms
The complete regional analysis covers:
North America (U.S., Canada, Mexico
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Points of Orthopedic Braces and Supports Market:
- Extensive coverage of the analysis of the Orthopedic Braces and Supports market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Orthopedic Braces and Supports market
- Complete data about the key manufacturers and vendors in the Orthopedic Braces and Supports market
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