PRESS RELEASE
Published June 16, 2023
The orthopedic braces and support system market is a segment within the healthcare industry that focuses on the manufacturing and distribution of medical devices designed to provide support, stability, and alignment to musculoskeletal structures. These devices are commonly used in the field of orthopedics to aid in the rehabilitation and treatment of various conditions affecting the bones, joints, muscles, and ligaments. The market for orthopedic braces and support systems has witnessed substantial growth due to factors such as the increasing prevalence of orthopedic conditions, rising geriatric population, sports-related injuries, and advancements in technology. Orthopedic braces and supports are utilized in a wide range of applications, including postoperative care, injury prevention and management, chronic disease management, and rehabilitation.
There are various types of orthopedic braces and support systems available in the market, catering to different anatomical areas and conditions. Common examples include knee braces, ankle braces, wrist braces, back braces, shoulder braces, and spinal orthoses. These devices are designed to provide immobilization, compression, stabilization, or offloading of specific body parts, depending on the therapeutic goals and requirements of the patient. The selection and customization of orthopedic braces and support systems are essential for optimal patient outcomes. Healthcare professionals, such as orthopedic surgeons, physical therapists, and orthotists, play a crucial role in assessing the patient’s condition, prescribing the appropriate device, and ensuring proper fitting and adjustment. Custom-made braces are often recommended for individuals with unique anatomical considerations or specific functional requirements.
In conclusion, the orthopedic braces and support system market is a significant segment within the healthcare industry, providing medical devices that support and stabilize musculoskeletal structures. The market is driven by factors such as the increasing prevalence of orthopedic conditions, the aging population, sports-related injuries, and technological advancements. With ongoing innovations and the need for effective orthopedic care, the market for orthopedic braces and support systems is expected to continue growing in the coming years.
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Key findings of the Orthopedic Braces and Support System market study:
- The report provides a present market outlook on Orthopedic Braces and Support System. Additionally, the Orthopedic Braces and Support System market share is anticipated to grow with a CAGR of 6% in the forecast period.
- Regional breakdown of the Orthopedic Braces and Support System market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Orthopedic Braces and Support System vendors in detail.
- Region-wise and country-wise fragmentation of the Orthopedic Braces and Support System market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Orthopedic Braces and Support System market.
- Orthopedic Braces and Support System price, market share, and Trends forecast for assessment period 2021-2031
Why is Demand for Orthopedic Braces and Support Systems Highest from Hospitals?
Hospitals maintain a sizable market share due to an increase in hospital admissions for the treatment of traumatic and spinal injuries, bone fractures, and injuries incurred in automobile accidents.
In hospitals, orthopaedic braces and support systems are used for preventive, post-operative patient physiotherapy, osteoarthritis treatment, and maxillofacial surgeries in addition to the treatment of orthopaedic disorders including osteoarthritis, osteoporosis, and fractures. Orthopaedic braces and support products are most often utilised in hospitals due to their widespread usage in the treatment of spinal fusion, delayed union, and nonunion bone fractures.
Increased demand for orthopaedic braces and supports is anticipated as a result of an increase in orthopaedic surgical procedures that need for post-operative patient rehabilitation and adequate reimbursements for specialty braces and supports.
Competitive landscape analysis
The market is moderately competitive, with a large concentration of leading foot walkers distributors and ankle brace and support producers. Major manufacturers and distributors of orthopaedic braces and support systems are focusing on new product launches as well as mergers and acquisitions that will aid in their global expansion.
Top producers of wrist braces and supports are anticipated to enter the market in the near future and take up a sizable portion of this market due to rising technological advancements in gadgets.
- The new DonJoy X-ROM Post-Op Knee Brace was presented by DJO, a global supplier, in September 2020. Thanks to DonJoy’s most advanced range of motion (ROM) protection, the X-ROM brace assists patients in recovering from ACL reconstruction and other knee operations with increased assurance, comfort, and stability.
Some of the leading companies operating in the market are :
- BSN medical Inc.
- 3M Healthcare
- DJO Global Inc.
- Breg Inc.
- OSSUR
- Otto Bock Healthcare
- Zimmer Biomet Holdings, Inc.
- Bauerfeind AG
- Alcare Company Ltd
- Becker Orthopedic
- Frank Stubbs Company Inc.
- Bird and Cronin Inc.
- DeRoyal Industries Inc.
- Medi GmbH & Co. KG
- Trulife Inc.
What insights does the Orthopedic Braces and Support System report provide to the readers?
- Orthopedic Braces and Support System fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Orthopedic Braces and Support System
- Various regulations imposed by the governments on the consumption of Orthopedic Braces and Support System in detail.
Key Segments in Orthopedic Braces and Support System Industry Research
· Product
- Knee Braces and Supports
- Ankle Braces and Supports
- Foot Walkers and Orthoses
- Hip, Back, & Spine Braces and Supports
- Shoulder Braces and Supports
- Neck & Cervical Spine Braces and Supports
- Hand & Wrist Braces and Supports
- Others
- Upper Extremity Braces and Supports
- Lower Spine Braces and Supports
- Upper Spine Orthoses
- Elbow Braces and Supports
- Facial Braces and Supports
- Post-Operational Knee Braces
- TLSOs
- LSOs
- Walker Boots
- Pneumatic Walker Boots
- Non-pneumatic Walker Boots
· Type
- Soft & Elastic Braces and Supports
- Hinged Braces and Supports
- Hard Braces and Supports
· Application
- Application of Orthopedic Braces and Support Systems in Preventive Care
- Application of Orthopedic Braces and Support Systems in Ligament Injury
- Application of Orthopedic Braces and Support Systems in Anterior Cruciate Ligament Injury
- Application of Orthopedic Braces and Support Systems in Lateral Collateral Ligament Injury
- Application of Orthopedic Braces and Support Systems in Post-operative Rehabilitation
- Application of Orthopedic Braces and Support Systems in Osteoarthritis
- Application of Orthopedic Braces and Support Systems in Compression Therapy
· End User
- Use of Orthopedic Braces and Supports in Orthopedic Clinics
- Use of Orthopedic Braces and Supports in Hospitals
- Use of Orthopedic Braces and Systems at ASCs
- Use of Orthopedic Braces and Systems in Home Care Settings
- Over the Counter (OTC) Orthopedic Braces and Supports
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