{"product_id":"orthopedic-braces-and-supports-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Orthopedic Braces and Supports Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eOrthopedic Braces and Supports Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003cbr\u003e\nThe 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.\u003c\/p\u003e\n\n\u003cp\u003eBraces and supports are orthopedic equipment which are used externally for holding, aligning, correcting and supporting certain parts of the body while healing from an injury. They are manufactured using specialized materials with intelligent designs that offer intense targeted support to the knee, spine, foot, ankle, upper elbow, shoulder, hip and other body parts. Braces and supports also aid in safeguarding joints after surgeries and offer a sense of mobility to the patients suffering from musculoskeletal problems.\u003c\/p\u003e\n\n\u003cp\u003eGlobal Orthopedic Braces and Supports Market Drivers:\u003c\/p\u003e\n\n\u003cp\u003eIn comparison with invasive treatments, braces and supports are less painful, assist in quick recovery and reduce the incidences of post-surgical complications. On account of these factors, orthopedic braces and supports are preferred by patients worldwide.\u003cbr\u003e\nNowadays, consumers spend a significant part of their day in front of PCs, TVs and smart devices which result in the development of minor and major musculoskeletal deformities and dysfunctions. As a result, the demand for braces and supports is proliferating at a healthy rate.\u003cbr\u003e\nThe geriatric population is at a relatively higher risk of developing spondylitis, osteoarthritis, degenerative disc disease, and other mobility issues. Therefore, the growing elderly population is also contributing to the sales of braces and supports across the globe.\u003cbr\u003e\nManufacturers are developing pliable braces with a simplified user-interface, considering the requirements of consumers. They are also incorporating Velcro instead of laces to enable easy application and pulley systems in lumbar supports to allow easy customization.\u003cbr\u003e\nTechnological advancements have led to significant improvements in modeling and material technology and increased flexibility, contouring, and utilization of low-weight materials. Innovations have also led to the incorporation of advanced data sensors and synchronization systems.\u003cbr\u003e\n \u003cbr\u003e\nKey Market Segmentation:\u003cbr\u003e\nIMARC Group provides an analysis of the key trends in each sub-segment of the global orthopedic braces and supports market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, type, application and end-user.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Product:\u003c\/p\u003e\n\n\u003cp\u003eLower Extremity Braces and Supports\u003cbr\u003e\nSpinal Braces and Supports\u003cbr\u003e\nUpper Extremity Braces and Supports\u003cbr\u003e\n \u003cbr\u003e\nBased on the product, the market has been segmented into lower extremity braces and supports, spinal braces and supports, and upper extremity braces and supports.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Type:\u003c\/p\u003e\n\n\u003cp\u003eSoft and Elastic Braces and Supports\u003cbr\u003e\nHinged Braces and Supports\u003cbr\u003e\nHard and Rigid Braces and Supports\u003cbr\u003e\n \u003cbr\u003e\nBased on the type, the market has been segmented into soft and elastic braces and supports, hinged braces and supports, and hard and rigid braces and supports. Soft and elastic braces and supports currently have the highest share.\u003c\/p\u003e\n\n\u003cp\u003eBreakp by Application:\u003c\/p\u003e\n\n\u003cp\u003eLigament Injury \u003cbr\u003e\nPreventive Care \u003cbr\u003e\nPost-Operative Rehabilitation\u003cbr\u003e\nOsteoarthritis\u003cbr\u003e\nOthers\u003cbr\u003e\n \u003cbr\u003e\nBased on the application, the market has been segmented into ligament injury, preventive care, post-operative rehabilitation, osteoarthritis and others. Ligament injury currently accounts for the highest share.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by End-User:\u003c\/p\u003e\n\n\u003cp\u003eOrthopedic Clinics\u003cbr\u003e\nHospitals and Surgical Centers\u003cbr\u003e\nOver-the-Counter (OTC) Platforms\u003cbr\u003e\nOthers\u003cbr\u003e\n \u003cbr\u003e\nBased on the end-user, the market has been segmented into orthopedic clinics, hospitals and surgical centers, over-the-counter (OTC) platforms, and others. Orthopedic clinics currently account for the highest share.\u003c\/p\u003e\n\n\u003cp\u003eRegional Insights:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nEurope\u003cbr\u003e\nMiddle East and Africa \u003cbr\u003e\nLatin America \u003cbr\u003e\n \u003cbr\u003e\nRegion-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Amongst these, North America is the biggest market, accounting for the majority of the global share.\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landsacpe:\u003cbr\u003e\nThe competitive landscape of the market has also been examined with some of the key players being Breg, Inc., Össur Hf, Bauerfeind AG, BSN Medical, DJO Finance LLC, 3M Company, Otto Bock Healthcare, Deroyal Industries, Inc., Medi GmbH \u0026amp; Co. KG, Thuasne Group, Alcare Co., Ltd, Zimmer Biomet Holdings, Inc., Trulife, Remington Products Company and Bird \u0026amp; Cronin.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report\u003c\/p\u003e\n\n\u003cp\u003e1. 2. What is the expected growth rate of the global orthopedic braces and supports market during 2023-2028?\u003cbr\u003e\n2. What are the key factors driving the global orthopedic braces and supports market?\u003cbr\u003e\n3. What has been the impact of COVID-19 on the global orthopedic braces and supports market?\u003cbr\u003e\n4. What is the breakup of the global orthopedic braces and supports market based on the product?\u003cbr\u003e\n5. What is the breakup of the global orthopedic braces and supports market based on the type?\u003cbr\u003e\n6. What is the breakup of the global orthopedic braces and supports market based on the application?\u003cbr\u003e\n7. What is the breakup of the global orthopedic braces and supports market based on the end-user?\u003cbr\u003e\n8. What are the key regions in the global orthopedic braces and supports market?\u003cbr\u003e\n9. Who are the key companies\/players in the global orthopedic braces and supports market?\u003c\/p\u003e","brand":"Life Science","offers":[{"title":"June, 2023 \/ 144 Pages \/ MCW16245667","offer_id":47662745223474,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/orthopedic-braces-and-supports-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}