According to the latest report by IMARC Group, titled “Orthopedic Braces and Supports Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on orthopedic braces and supports industry report. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global orthopedic braces and supports market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.

Orthopedic braces and supports are specialized devices designed to address musculoskeletal issues by aligning, stabilizing, protecting, and supporting various parts of the body following an injury or surgery. These products encompass a wide array of devices, such as knee braces, ankle supports, back belts, wrist braces, and neck collars, tailored to the specific needs of each body part. They are crafted using a combination of rigid and flexible materials, including neoprene, elastic, metal, or plastic, to provide the appropriate balance between support and mobility. Orthopedic braces are integral in the conservative management of strain, sprain, fracture recovery, and post-operative care. They offer numerous advantages, such as mitigating pain, accelerating healing, preventing further injury, and aiding in the rehabilitation process. Particularly, in the context of sports medicine, these supports play a pivotal role in ensuring athletes' swift return to activity. Their versatility and non-invasive nature make them a popular choice among patients aiming for a functional recovery while maintaining an active lifestyle.

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Market Trends:

The market for orthopedic braces and supports in India is majorly driven by the country's large and aging population. Along with this, the rising prevalence of osteoporosis and diabetes, which are associated with an increased risk of orthopedic injuries, is significantly supporting the market. In addition, improvements in healthcare infrastructure and accessibility are making orthopedic devices more available to the wider population. Moreover, technological advancements in material science are leading to the development of more comfortable, durable, and lightweight braces, which encourage compliance and improve outcomes. Apart from this, the growing sports culture and accelerating awareness around injury prevention among athletes and fitness enthusiasts are promoting the use of prophylactic and post-injury braces. In confluence with this, government initiatives aimed at enhancing healthcare coverage and the entrance of international players in the Indian market are contributing to the market. Furthermore, e-commerce platforms are making it easier for consumers to access these medical devices, further creating a positive market outlook.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • Breg, Inc.
  • Össur Hf
  • Bauerfeind AG
  • DJO Finance LLC
  • 3M Company
  • Alcare Co., Ltd
  • Otto Bock Healthcare
  • Deroyal Industries, Inc.
  • BSN Medical
  • Medi GmbH & Co. KG
  • Thuasne Group
  • Zimmer Biomet Holdings, Inc.
  • Trulife
  • Remington Products Company
  • Bird & Cronin

Orthopedic Braces and Supports Market Segmentation:

Our report has categorized the market based on region, product, type, application and end-user.

Breakup by Product:

  • Lower Extremity Braces and Supports
  • Spinal Braces and Supports
  • Upper Extremity Braces and Supports

Breakup by Type:

  • Soft and Elastic Braces and Supports
  • Hinged Braces and Supports
  • Hard and Rigid Braces and Supports

Breakup by Application:

  • Ligament Injury
  • Preventive Care
  • Post-Operative Rehabilitation
  • Osteoarthritis
  • Others

Breakup by End-User:

  • Orthopedic Clinics
  • Hospitals and Surgical Centers
  • Over-the-Counter (OTC) Platforms
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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