The global size for orthopedic braces and supports market reached USD 5.35 Billion in 2022 and is poised to attain USD 9.84 Billion by 2032, exhibiting a noteworthy revenue compound annual growth rate (CAGR) of 7% throughout the forecast period. The expansion in market revenue is attributed to various factors, including the increasing prevalence of orthopedic disorders, a growing geriatric population, a rise in sports-related injuries, and an escalating demand for non-invasive and minimally invasive surgical solutions.
Orthopedic braces and supports serve as devices designed to provide support and protection to injured joints and muscles. Widely utilized for both prevention and treatment purposes, they address orthopedic conditions such as arthritis, sprains, strains, and fractures. The market's revenue growth is further propelled by the escalating incidence of these conditions. Notably, the World Health Organization reports that approximately 10% to 15% of the global population grapples with musculoskeletal disorders, contributing to an increased demand for orthopedic braces and supports
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Major Points covered in this report are as below:
- An analysis of Orthopedic Braces and Supports industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Orthopedic Braces and Supports manufacturers and provides valuable insight into the market for companies and individuals.
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Market Overview:
In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
- Össur hf
- DJO Global, Inc.
- Bauerfeind AG
- Breg, Inc.
- DeRoyal Industries, Inc.
- BSN medical GmbH
- medi GmbH & Co. KG
- Thuasne Group
- Ottobock SE & Co. KGaA
- 3M Company
Based on Product Type market is segmented into:
- Knee Braces
- Back Braces
- Wrist Supports
- Ankle Braces
- Others
Based on Application market is segmented into:
- Osteoarthritis
- Injury Rehabilitation
- Sports Injuries
- Others
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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