Orthopedic Braces and Support Market Set to Surpass $4.6 Billion by 2024, Anticipates Remarkable Growth to Reach US$ 8.8 Billion by 2034, With a Strong 6.7% CAGR.
- Musculoskeletal Prevalence Driving Sales: The pervasive occurrence of musculoskeletal conditions remains a primary catalyst for the orthopedic braces and supports market, fueling demand globally.
- Sedentary Lifestyle Impact: With an increase in sedentary lifestyles, orthopedic issues like fractures, osteoarthritis, and sports-related injuries are on the rise. Consequently, the market sees a surge in sales for braces and support products, serving purposes ranging from injury prevention to pain management and rehabilitation.
- Government Healthcare Expenditure: Emerging economies are witnessing a rise in healthcare expenditure by governments, which significantly contributes to market growth by enhancing accessibility and affordability of orthopedic solutions.
- Innovative Fabric Development: Leading companies are collaborating with patients and clinical specialists to develop novel orthopedic braces and supports. Emphasizing soft, breathable, and antibacterial fabrics, this initiative aims to enhance user comfort and efficacy.
- Strategic Product Commercialization: Key players are intensifying their strategic initiatives, particularly in product commercialization, to capitalize on market opportunities and drive sales growth.
- Promotional Activities: Robust promotional efforts by industry leaders serve to amplify sales of orthopedic braces and supports, creating awareness and reinforcing brand presence in the market.
- Focus on Patient Comfort and Efficacy: Manufacturers are introducing orthopedic braces solutions that prioritize patient comfort, ease of use, and increased effectiveness. This focus aims to encourage patient compliance and facilitate rapid healing.
- Addressing Common Complaints: Leading manufacturers are swiftly adapting to consumer needs by integrating molded, form-fitting components into orthopedic braces, addressing common complaints associated with traditional spinal orthoses and enhancing user experience.
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Growth Outlook Bright for Orthopedic Braces and Support Market in the United Kingdom The United Kingdom foresees a substantial revenue surge, projecting to reach US$ 280.7 million by 2034, with a commendable CAGR of 5.3% during the forecast period.
Driven by Clinical Alternatives: Orthopedic braces and support systems are gaining traction as effective clinical alternatives to orthopedic surgeries, addressing a spectrum of issues including osteoporosis, rheumatoid arthritis, fractures, and gout.
Rising Demand: The demand for orthopedic braces and support in the UK is on the rise, propelled by proactive initiatives from medical professionals and public-private sports organizations. Workshops, conferences, and symposiums serve as platforms for raising awareness on orthopedic injury management.
Healthcare Infrastructure Boost: The country’s robust healthcare spending and well-established infrastructure further bolster market expansion, facilitating enhanced accessibility and affordability of orthopedic solutions.
Overall, the United Kingdom presents a promising landscape for the orthopedic braces and support market, driven by a convergence of clinical needs, proactive awareness initiatives, and supportive healthcare infrastructure.
Recent Developments
- In October 2023, OrthoPediatrics Corp. launched the DF2 Brace as a strategy to expand into non-surgical business to treat kids suffering from musculoskeletal injuries.
- In September 2023, Enovis Corporation officially disclosed the acquisition of LimaCorporate S.p.A. The acquisition of the latter company added a wide variety of orthopedic medical devices like braces and other support apparatus.
Key Players in the Orthopedic Braces and Support Industry
- DJO, LLC (United States)
- Zimmer Biomet (United States
- Medtronic (Ireland)
- Stryker Corporation (United States)
- Össur (Iceland)
- NuVasive®, Inc (United States)
- Integra LifeSciences Corporation (United States)
- Globus Medical (United States)
- OTTOBOCK (Germany)
- AC Mould Engineering Limited (China)
- Johnson and Johnson Services, Inc (United States)
- Weber Orthopedic LP. DBA Hely and Webe (United States)
- BSN medical (India)
- Becker Orthopedic (United States)
- OPPO MEDICAL INC (United States)
- Langer Biomechanics (United States)
- Frank Stubbs Company Inc. (United States)
- DeRoyal Industries, Inc (United States)
- Ascent Meditech Limited (India)
- Alcare Co., Ltd (Tokyo)
- Others
Key Coverage in the Orthopedic Braces and Support Market Report
- Adjacent market study on orthopedic appliances, musculoskeletal support devices, orthopedic rehabilitation equipment, orthopedic braces, and support, casting, and splints.
- Country-wise opportunity analysis of the Asia Pacific orthopedic braces and supports market.
- Market trends impacting OTC braces and support sales.
- Competitive analysis of top orthopedic braces and support companies.
Orthopedic Braces and Support Industry by Category
By Product:
- Braces and Supports Type
- Knee Braces for Osteoarthritis and Ligament Injuries
- Post-operational Knee Braces
- Upper Spine Orthoses
- TLSOs
- LSOs
- Soft Braces
- Hinged Braces
- Pneumatic
- Non-pneumatic
- Elbow Braces and Supports
- Wrist Braces and Supports
- Pain Management Products
- Cold Therapy Products
- DVT Products
By End-user:
- Orthopedic Clinics
- Over the Counter (OTC)
- Hospitals
- DME Dealers
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and the Pacific
- East Asia
- Middle East and Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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