According to the latest report by IMARC Group, titled “Orthopedic Braces and Supports Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market reached a value of US$ 4.1 Billion in 2020. The global Orthopedic Braces and Supports market size to reach a value of US$ 5.3 Billion by 2026. 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.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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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. Looking forward, IMARC Group expects the global orthopedic braces and supports market to reach a value of US$ 5.3 Billion by 2026.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Breg, Inc.
- Össur Hf
- Bauerfeind AG
- DJO Finance LLC
- 3M Company
- Alcare Co., Ltd
- Otto Bock Healthcare
- Deroyal Industries, Inc.
- BSN Medical
- Medi GmbH & Co. KG
- Thuasne Group
- Zimmer Biomet Holdings, Inc.
- Remington Products Company
- Bird & Cronin
Orthopedic Braces and Supports Market Segmentation:
Our report has categorized the market based on Region, Product, Type, Application and End-User.
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
Market Breakup by End-User:
- Orthopedic Clinics
- Hospitals and Surgical Centers
- Over-the-Counter (OTC) Platforms
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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