Date : April 30, 2023
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The Crucial Role of Orthopedic Braces and Supports in Modern Healthcare: With the prevalence of orthopaedic conditions on the rise, the market for braces and supports is expected to witness unprecedented growth with a 5.82% CAGR by 2023–28.

The Crucial Role of Orthopedic Braces and Supports in Modern Healthcare: With the prevalence of orthopaedic conditions on the rise, the market for braces and supports is expected to witness unprecedented growth with a 5.82% CAGR by 2023–28.
Orthopedic braces and supports are an integral part of modern orthopedic medicine, designed to provide a wide range of benefits to patients with musculoskeletal injuries or conditions. These specialized medical devices can help alleviate pain, reduce inflammation, and promote healing by providing the necessary support and protection to the affected area. They can also help prevent further damage, promote better posture, and improve overall mobility and function. Orthopedic braces and supports come in a variety of forms, including splints, casts, braces, and supports, and can be made from a wide range of materials, such as plastic, metal, foam, and elastic fabrics. In addition to promoting healing and reducing pain, orthopedic braces and supports can also help improve mobility and function. By providing the necessary support and protection, these devices can help patients regain their range of motion and perform daily activities with greater ease and comfort. This can be particularly important for athletes or individuals with physically demanding jobs, who require maximum mobility and function to perform their duties effectively. The market for orthopedic braces and supports has grown significantly in recent years, driven by a number of factors. One key factor is the aging population, as older adults are more likely to suffer from injuries and conditions that require the use of orthopedic braces and supports. Additionally, the rising incidence of sports injuries and increasing awareness of the benefits of non-surgical treatment options have also contributed to the growth of the market. The market for orthopedic braces and supports is highly competitive, with a large number of players operating in the market. In addition to the key players mentioned earlier, other companies operating in the market include 3M, Medtronic, Bird & Cronin, and BSN Medical. One key trend in the market is the increasing adoption of 3D printing technology. This technology allows for the production of highly customized braces and supports that are tailored to the individual patient's needs. Additionally, 3D printing can reduce the production time and costs associated with traditional manufacturing methods.

According to the research report, “Global Orthopedic Braces & Supports Market Outlook, 2028” published by Bonafide Research, the market is anticipated to cross USD 6400 Million, increasing from USD 4642.14 Million in 2022. The market is expected to grow with CAGR of 5.82% by 2023-28. As the global population ages, the incidence of orthopedic conditions such as arthritis and osteoporosis are also increases. Orthopedic braces and supports are often used to manage the symptoms of these conditions and improve mobility, leading to increased demand for these products. The incidence of sports-related injuries is increasing as more people participate in physical activities. Orthopedic braces and supports are commonly used to prevent and treat injuries in athletes, further driving demand for these products. As patients become more interested in non-surgical treatment options for orthopedic conditions, the demand for orthopedic braces and supports has increased. These products can provide pain relief and improve mobility without the need for invasive procedures. One of the primary benefits of orthopedic braces and supports is their ability to provide stability to injured or weakened areas of the body. By limiting the movement of the affected area, these devices allow the body to heal naturally, without the risk of further injury or damage. This is particularly important in the case of fractures or joint dislocations, where immobilization is essential to ensure proper healing and prevent long-term complications. Another important benefit of orthopedic braces and supports is their ability to reduce pain and inflammation. By providing compression and support to the affected area, these devices can help alleviate discomfort and promote healing. This is especially important for patients with conditions such as arthritis or tendinitis, where inflammation and pain can significantly impact their quality of life. Also, improved awareness of the benefits of orthopedic braces and supports, as well as increased accessibility to these products through online retailers and healthcare providers, have contributed to the growth of the market.

The global orthopedic braces and supports market is segmented into five major regions, including North America, Europe, Asia Pacific, South America and the Middle East and Africa. North America is the largest market for orthopedic braces and supports, accounting for a major share of revenue. This can be attributed to the high prevalence of orthopedic conditions in the region, as well as a strong healthcare infrastructure and high levels of healthcare spending. The United States is the largest market within North America, with a large aging population driving demand for orthopedic braces and supports, and in June 2021, the US Food and Drug Administration (FDA) granted breakthrough device designation to a new robotic exoskeleton designed to help patients with spinal cord injuries. The device is expected to provide greater mobility and independence to patients, and may contribute to the growth of the orthopedic braces and supports market in the region. In April 2021, Zimmer Biomet Holdings, a leading medical device company, announced the acquisition of A&E Medical Corporation, a manufacturer of medical devices, including orthopedic braces and supports. This acquisition is expected to strengthen Zimmer Biomet's position in the orthopedic braces and supports market in North America. Europe is another important market for orthopedic braces and supports. The region has a well-established healthcare infrastructure and high levels of healthcare spending, which have contributed to the growth of the market. Additionally, the region has a large aging population, which has driven demand for orthopedic braces and supports. In January 2021, ?ssur, a leading manufacturer of orthopedic braces and supports, announced the acquisition of Medi, a manufacturer of orthopedic devices. This acquisition is expected to expand ?ssur's product portfolio in the European market and strengthen its position in the region.

The Asia Pacific region is expected to experience fastest growth in the coming years, driven by factors such as a large population, increasing healthcare spending, and rising prevalence of orthopedic conditions. China and India are the largest markets in the region, with a large population and growing healthcare infrastructure contributing to the growth of the market. In March 2021, India-based Tynor Orthotics announced plans to expand its operations in the Asia Pacific region. The company aims to leverage the growing demand for orthopedic braces and supports in the region and expand its market share. On the other hand, South America and the Middle East and Africa are smaller markets for orthopedic braces and supports, but are expected to experience growth in the coming years. These regions have a large population and rising healthcare spending, which are expected to drive demand for orthopedic braces and supports. In May 2021, OrthoMax, a Brazilian manufacturer of orthopedic devices, announced plans to expand its operations and increase its production capacity. The company aims to meet the growing demand for orthopedic braces and supports in Brazil and other South American countries. In February 2021, BSN medical, a leading manufacturer of medical devices, announced the launch of a new line of orthopedic braces and supports in the Middle East. The company aims to expand its presence in the region and meet the growing demand for orthopedic braces and supports. Also, in September 2021, DJO, a leading manufacturer of orthopedic devices, announced the launch of a new product line specifically for the Middle East and Africa market. The company aims to expand its presence in the region and meet the growing demand for orthopedic braces and supports.

The global orthopedic braces and supports market can be segmented by product type into knee braces and supports, foot and ankle braces and supports, foot walkers and orthoses, hip, back, and spine braces and supports, shoulder braces and supports, elbow braces and supports, hand and wrist braces and supports, and facial braces and supports. Knee braces and supports continue to be the largest product segment in the orthopedic braces and supports market, owing to the high incidence of knee injuries and the growing popularity of sports and physical activities. Knee braces and supports are designed to provide support and stability to the knee joint, reduce pain, and help patients recover from injuries or surgery. However, hip, back, and spine braces and supports are used to support and stabilize the hip, back, and spine. These products are used for conditions such as scoliosis, spinal stenosis, and hip fractures. The market for hip, back, and spine braces and supports is expected to grow rapidly in the coming years, driven by the increasing incidence of spinal disorders and the aging population. Shoulder braces and supports are designed to provide support and stability to the shoulder joint and are used for conditions such as rotator cuff injuries, shoulder instability, and shoulder dislocation. The market for shoulder braces and supports is expected to grow in the coming years, owing to the increasing prevalence of shoulder injuries and the growing popularity of sports and physical activities. Whereas, facial braces and supports are used for conditions such as mandibular fractures, maxillary fractures, and facial nerve paralysis. These products help to support and stabilize the facial bones and tissues and promote healing.

On the other hand, soft and elastic braces and supports are leading the market in 2022. They provide compression and support to the affected body part, helping to reduce pain, inflammation, and swelling. Soft and elastic braces and supports are commonly used for minor injuries, strains, and sprains, as well as for preventive purposes during physical activities. These types of braces and supports provide mild to moderate compression and support to the affected area, helping to reduce pain, inflammation, and swelling. They are also lightweight and comfortable to wear, making them suitable for long-term use. Soft and elastic braces and supports are commonly used for conditions such as tennis elbow, carpal tunnel syndrome, and knee arthritis. The choice of braces and supports depends on the severity of the injury, the type of injury, and the patient's individual needs and preferences. However, hinged braces and supports are a versatile option that can be used for a range of injuries and conditions. Hinged braces and supports are a versatile option that can be used for a range of injuries and conditions. They combine the benefits of both soft and elastic braces and hard braces, providing support and flexibility to the affected area. Hinged braces and supports are commonly used for conditions such as ACL tears, meniscus injuries, and knee osteoarthritis. Based on the application, ligament injury segment is currently leading the market, accounting for a significant share of the global orthopedic braces and supports market. This is due to the high prevalence of ligament injuries, particularly in athletes and active individuals. These injuries often require immobilization and support to promote healing and prevent further damage. However, the post-operative rehabilitation segment is also expected to grow rapidly in the coming years, driven by factors such as an aging population, increasing incidence of joint replacement surgeries, and advancements in technology that enable more effective post-operative rehabilitation. In addition, the preventive care segment is expected to see significant growth, driven by increasing awareness of the benefits of injury prevention and the growing use of braces and supports by athletes and other active individuals to prevent injuries.

The hospital and surgical center segment is currently the leading distribution channel for orthopedic braces and supports, accounting for a significant share of the market. This is primarily due to the high volume of orthopedic surgeries and procedures performed in hospitals and surgical centers, which often require the use of braces and supports during post-operative rehabilitation. The orthopedic clinic segment is also a significant distribution channel for orthopedic braces and supports, as these clinics specialize in the treatment of musculoskeletal disorders and injuries. Pharmacies and retailers are another important distribution channel for orthopedic braces and supports, as they provide convenient access to these products for consumers. E-commerce platforms are a rapidly growing distribution channel for orthopedic braces and supports, driven by factors such as convenience, lower prices, and the ability to compare products and reviews. Some of the leading companies operating in the global orthopedic braces and supports market include ?ssur, DJO Global, Breg, Bauerfeind AG, and 3M Company. These companies distribute their products through various channels, including hospitals and surgical centers, orthopedic clinics, pharmacies and retailers, and e-commerce platforms. Pharmacies and retailers are increasingly carrying a wider range of orthopedic braces and supports, allowing consumers to easily purchase these products over-the-counter without a prescription. This trend has been particularly pronounced in emerging markets such as Asia and South America, where the availability of orthopedic braces and supports through pharmacies and retailers has helped to drive market growth.

3D printing technology has the potential to revolutionize the orthopedic braces and supports market by allowing for the creation of customized, patient-specific products. With the ability to print complex designs and shapes, 3D printing technology can create orthopedic braces and supports that fit the patient's body perfectly, providing greater comfort and support. Wearable technology such as sensors, smart fabrics, and digital monitoring systems can be integrated into orthopedic braces and supports to provide real-time data on the patient's condition. This data can be used to improve patient outcomes by allowing medical professionals to track the patient's progress and adjust treatment plans as needed. As sustainability becomes an increasingly important issue for consumers, there is a growing demand for orthopedic braces and supports that are made from eco-friendly materials and are recyclable. Manufacturers are expected to respond to this demand by developing products that are more sustainable and environmentally friendly. Telemedicine (involves using technology to remotely diagnose and treat patients) is expected to become more common in the orthopedic braces and supports market. With telemedicine, patients can receive care from medical professionals without having to travel to a physical location, making it more convenient and accessible for patients in remote or underserved areas. With the growing demand for orthopedic braces and supports in emerging markets, manufacturers are expected to expand their presence in these regions. This will involve developing products that are specifically tailored to the needs of these markets, as well as increasing distribution channels and marketing efforts to reach a wider audience.


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The Crucial Role of Orthopedic Braces and Supports in Modern Healthcare: With the prevalence of orthopaedic conditions on the rise, the market for braces and supports is expected to witness unprecedented growth with a 5.82% CAGR by 2023–28.

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