In Australia, orthopaedic braces and supports are an integral part of the healthcare system, helping people manages a wide range of musculoskeletal conditions and injuries. These devices come in various shapes and sizes, from simple wrist splints and knee braces to more complex spinal orthoses and prosthetic limbs. Furthermore, orthopaedic braces and supports are essential medical devices that help in the prevention and treatment of injuries or deformities in bones, joints, and muscles. These devices are designed to provide support, stability, and protection to the affected area, allowing for a faster recovery and improved quality of life. In Australia, the orthopaedic braces and supports market is driven by several factors, including an ageing population, an increase in sports injuries, and advancements in technology. Moreover, Australia is a sports-loving country, and participation in various sports activities is high. This has resulted in an increase in the number of sports-related injuries, particularly among young people. Orthopaedic braces and supports are widely used in the management of sports injuries, providing support to the affected area and helping to reduce pain and swelling. As such, the rise in sports injuries has contributed to the growth of the orthopaedic braces and supports market in Australia. In addition, for instance, there are now braces and supports made from materials such as carbon fiber, which are durable and lightweight, making them ideal for sports activities. Additionally, there are now smart braces and supports that incorporate sensors and other technologies to monitor the wearer's movements and provide feedback. According to the research report "Australia Orthopedic Braces & Support Market Overview, 2028," published by Bonafide Research, the Australia orthopedic braces and supports market is expected to add USD 29 Million by 2028. Consumers are increasingly demanding orthopaedic braces and supports that are customized to their specific needs. This trend is driven by the desire for better comfort and fit, as well as improved effectiveness in managing injuries or conditions. Manufacturers are responding to this trend by offering personalized products that are tailored to individual needs. Furthermore, there is a growing trend towards sustainability in the orthopaedic braces and supports market in Australia. Consumers are increasingly conscious of their impact on the environment and are looking for products that are eco-friendly and sustainable. Manufacturers are responding to this trend by using materials that are recyclable or biodegradable, as well as reducing their carbon footprint through sustainable production processes. Moreover, telemedicine is another trend that is shaping the orthopaedic braces and support market in Australia. With the rise of telehealth services, patients can now consult with their healthcare providers remotely, which has led to an increase in the use of orthopaedic braces and supports. Telemedicine has made it easier for patients to access medical devices, including braces and supports, and has enabled healthcare providers to offer more personalized care. In addition, the prevalence of chronic conditions such as arthritis, osteoporosis, and diabetes is increasing in Australia, driving demand for orthopaedic braces and supports. These products are commonly used to manage symptoms associated with these conditions, such as joint pain and inflammation. The knee braces and supports segment is the largest in the Australian market and it are expected to continue to grow over the coming years. The increasing prevalence of knee injuries and conditions such as arthritis, as well as the growing ageing population, are driving demand for knee braces and supports. There is also a trend towards using knee braces and supports as a preventive measure during physical activity. Furthermore, knee-related injuries and conditions such as osteoarthritis, ligament tears, and meniscus injuries are quite prevalent in Australia, especially in the ageing population. As a result, there is a high demand for knee braces and supports to manage these conditions and improve mobility. In addition, there is an increasing awareness among the Australian population about the benefits of foot orthoses in managing foot-related conditions such as plantar fasciitis, flat feet, and diabetic foot ulcers. As a result, there has been a growing demand for custom-made foot orthoses that are designed to provide personalized support and alleviate pain and discomfort. Furthermore, the rise in chronic conditions such as diabetes and obesity has also contributed to the growth of the foot wear and orthoses segment. These conditions can cause foot-related complications, such as neuropathy and plantar ulcers, which often require the use of specialized orthotic devices to manage. In Australia, the distribution channels for orthopaedic braces and supports include hospitals and surgical centres, orthopaedic clinics, pharmacies and retailers, e-commerce platforms, and other end users such as physiotherapy centres, government regulatory organisations, academic institutes, and CROs. Furthermore, hospitals and surgical centres are one of the major distribution channels for orthopaedic braces and supports in Australia. These facilities often require a variety of braces and supports for use in surgeries, post-operative care, and rehabilitation. For instance, hospitals and surgical centres that distribute orthopaedic braces and supports in Australia include the Royal Adelaide Hospital, the Alfred Hospital, and the Royal Melbourne Hospital. Moreover, some well-known orthopaedic clinics in Australia that distribute orthopaedic braces and supports include Orthosports, The Joint Studio, and Sydney Orthopaedic Specialists. E-commerce platforms had the highest CAGR during the forecast period. These platforms offer customers the convenience of being able to browse and purchase products from the comfort of their own homes, and they often have a wider selection of products available than physical retailers. Some well-known e-commerce platforms in Australia that distribute orthopaedic braces and supports include Amazon Australia, eBay, and HealthSaver. Start-Ups: • Koa Health is a start-up that develops wearable technology and smart textiles for orthopedic braces and supports. Their products use artificial intelligence to analyze patient movement and provide real-time feedback to healthcare providers. • Verve Orthopedics is a start-up that specializes in the development of orthopedic braces and supports for patients with musculoskeletal disorders. Their products use advanced materials and design techniques to improve patient comfort and compliance. • Vitality Medical is a start-up that focuses on the development of orthopedic braces and supports for patients with mobility issues. Their products incorporate advanced sensors and wireless technology to provide real-time monitoring and feedback to healthcare providers. Considered in this report • Geography: Australia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Australia Orthopedic Braces & Supports market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Knee Braces and Supports • Ankle Braces and Supports • Foot Walkers and Orthoses • Hip, Back, And Spine Braces and Supports • Shoulder Braces and Supports • Elbow Braces and Supports • Hand & Wrist Braces and Supports • Facial Braces and Supports By Distribution Channel • Hospitals and Surgical Centres • Orthopedic Clinics • Pharmacies & Retailers • E-commerce platforms • Other End Users The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Orthopedic Braces & Supports industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globallyDownload Sample