The global orthopedic braces and support market is poised for substantial growth, with an estimated valuation of USD 4.6 billion by 2024. As the demand for orthopedic braces and support continues to rise, the market is projected to expand at a Compound Annual Growth Rate (CAGR) of 6.7% over the assessment period, reaching a value of USD 8.8 billion by 2034.
Orthopedic braces and support play a crucial role in providing stability, reducing pain, and facilitating rehabilitation for individuals with musculoskeletal injuries and conditions. These devices are widely utilized across various medical specialties, including orthopedics, sports medicine, and rehabilitation therapy, to improve mobility and enhance quality of life for patients.
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Patients who require stability and support during the treatment and recuperation of musculoskeletal conditions and injuries can benefit from orthopedic braces and supports. The increasing prevalence of orthopedic diseases and the advancement of orthopedic brace technologies are driving the global need for state-of-the-art braces and supports.
Orthopedic braces and supports offer a wide range of benefits, including pain relief, improved joint stability, and support during recovery from injuries. They play a crucial role in various applications, from post-surgical rehabilitation to chronic pain management and sports injury prevention.
Top Recommended Strategies to Stay Ahead of Market Competition:
- Key players can use smart sensors, materials, and biofeedback mechanisms to provide rehabilitation experiences and personalized support for effective rehabilitation bracing solutions.
- Companies need to prioritize research to develop new materials, applications, and designs for braces and support to effectively meet the needs of patients and align with emerging trends.
- Industry participants can consider collaborating with experts to prepare products validated for science and practical use cases.
- Market contenders can offer customization options like personalized support levels and custom-fit braces to meet individual needs effectively.
- By focusing on streamlining the purchase process, like offering hassle-free returns and convenient online ordering options, players can build loyalty and trust among their target market.
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
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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
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