"The global orthopedic braces and supports market generated USD 4,762.1 million in 2018 and is anticipated to grow at a CAGR of 5.9% over the forecast period from 2019 to 2025. "

Favorable features such as superlative efficacy and quick recovery capabilities ensure a lucrative growth outlook for orthopedic braces and support systems market, finds Adroit Market Research in its latest investigative survey. Orthopedic braces and support systems are highly beneficial to render appropriate clinical treatment for osteoarthritis, osteoporosis and rheumatoid arthritis.

Despite an optimistic growth pattern in the past which is also likely to sustain the coming years, global orthopedic braces and supports market is expected to witness rough patch owing to stringent FDA regulations, frequent product recalls, insufficient trials and evidence-based data as well as availability of alternative pain management drugs available at affordable pricing are likely to challenge optimistic growth momentum.

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The aforementioned market has also been susceptible to the unprecedented pandemic outrage that has also clipped normal business processes under strict physical distancing regulations to contain the virus. Distribution channels such as over the counter segment is significantly hit. However, the impact is anticipated to be short-term and the global orthopedic braces and supports market is expected to reverberate with significant boost, predict expert research opinion.

It is also estimated that knee braces and supports segment is likely to maintain its growth precedence owing to surged end-user demands and is likely to influence dynamic CAGR progression.

Growing instances of knee disorders more specifically amongst a rapidly growing geriatric population is a major growth contributor. Some of the pertinent features such as definitive motion-based injury prevention excellent post-surgical support and reduced instances of knee rotation are some of the most viable features aligning with patient expectations, thus bolstering rapid adoption amongst end-users.

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APAC to Emerge as the Most Lucrative Growth Hub through the Forecast Span

High prevalence of orthopedic ailments also supplemented by a soaring population have been instrumenting massive reliance on orthopedic care devices, thus establishing a robust growth outlook for global orthopedic braces and supports market in APAC region.

Major players operating in the orthopedic braces and supports market are 3M, Alcare Co., Ltd., Bauerfeind AG, Bird and Cronin, Inc. (A Part of Dynatronics Corporation), Breg, Inc., DJO Global LLC, medi GmbH & Co. KG, Össur, Ottobock, Remington Products, Thuasne, TRULIFE, and Zimmer Biomet, among other prominent players. Focus of major manufacturers to develop affordable and innovative orthopedic braces and supports is anticipated to drive growth of global orthopedic braces and supports market over the forecast period.

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Key segments of the global orthopedic braces and supports market

Product Overview, 2015-2025 (USD Million)

Upper extremity braces and supports
Spinal orthoses
Foot and ankle braces & supports
Knee braces & supports

End User Overview, 2015-2025 (USD Million)

Hospitals
Orthopedic clinics
OTC

Regional Overview, 2015-2025 (USD Million)

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Rest of Europe
Asia Pacific (APAC)
Japan
China
India
Australia
Rest of APAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa (MEA)
UAE
South Africa
Rest of MEA

Who should buy this report?

This study is suitable for industry participants and stakeholders in the orthopedic braces and supports industry, who want an in-depth insight into the movement of the orthopedic braces and supports market. The report will benefit:

Executives of orthopedic braces and supports manufacturing companies that are engaged in spreading knowledge about advantages of orthopedic braces and supports
Managers within financial institutions looking to publish recent and forecasted statistics pertaining to orthopedic braces and supports
Venture capitalists, investors, financial institutions, analysts, government organizations, regulatory authorities, policymakers, researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies
Manufacturers of orthopedic braces and supports products who are looking for new avenues of revenue generation

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About Us:

Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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