Orthopedic Braces and Supports Market

search report forOrthotics and supports market By product (knee, ankle, hip, spine, shoulder, neck, elbow, hand, wrist), category (soft, hard, articulated), application (ligament (ACL, LCL), protective, OA), distribution (hospital) & Region – Global Forecast to 2025 The global orthopedic market size is estimated at USD 3.1 billion in 2020 and is expected to reach USD 4.1 billion by 2025, at a compound annual growth rate of 5.8%

Growth Engine: Increased prevalence of bone diseases and disorders.

Orthopedic braces and braces are increasingly used during the clinical management of various orthopedic diseases and disorders such as osteoporosis, rheumatoid arthritis, osteoporotic fractures and carpal tunnel syndrome. These products provide higher clinical efficacy and a faster patient recovery than alternative therapies such as pain relievers.

As of 2018, approximately 75 million individuals (ages 50 and older) had osteoporosis across the United States, Europe, and Japan (Source: International Osteoporosis Foundation).

About 400,000 people in the UK suffer from rheumatoid arthritis, data as of 2018 (Source: Arthritis Research UK).

The incidence of orthopedic diseases and disorders is expected to increase in the coming years with the increasing prevalence of obesity and related lifestyle disorders, as obese individuals are at greater risk of developing bone and musculoskeletal injuries as well as diabetes.

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Industry segmentation in detail:

Ligament injury is the largest part of orthopedic and support applications.

Orthopedic strengthening and support products are used for the clinical management of ligament injuries such as the anterior cruciate ligament, posterior cruciate ligament, medial collateral ligament, lateral collateral ligament, and coronary ligament injuries. The large share of the ligament injury segment can be attributed to the increased public participation in sports and sports activities (along with the high rate of sports-related injuries), the rising number of accidents worldwide, and the increasing availability of medical compensation for ligament injuries.

Lower spine braces are estimated to be the largest and fastest growing market

Lower spine braces are estimated to be the largest and fastest growing segment of the orthopedic and support market. The growth of this segment can be attributed to the increased incidence of lower spine disorders and the increasing number of hip and disc replacement surgeries (which use lower spine braces and braces for rehabilitation after surgery).

North America is estimated to be the largest market due to the continuous development and marketing of new orthopedic and support products, favorable compensation and insurance coverage for major orthopedic procedures, government regulations supportive of product marketing, and significant sports participation.

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Leading Key Players and Analysis:

DJO Finance LLC (US), Össur Hf (Iceland), Breg, Inc. (US), Bauerfeind AG (Germany), and DeRoyal Industries, Inc. (US) are the major players in the global orthopedic market and supports

DJO Finance LLC (US) Dominate the market in 2019. The company offers a wide range of orthopedic supports and braces that are used in various applications, such as ligament injuries, preventive care and postoperative rehabilitation. The company has a strong geographic presence across countries, such as the United States, Mexico, Germany, the United Kingdom, France, Belgium and Sweden. DJO primarily focuses on developing technologically innovative products to strengthen its market position. For example, the company has launched the TriFit knee brace, Clima-Flex OA Knee Brace, Protection On Demand (POD) Ankle Braces, and AirSelect kit in the past three years.

Geographical analysis in detail:

The Asia Pacific region is estimated to be the fastest growing market for orthotics and braces during the forecast period. The Asia Pacific market is mainly driven by the rising number of elderly and obesity (along with the high prevalence of bone-related diseases and diabetes in this population segment), the increase in GDP and healthcare expenditures in countries in the Asia Pacific region, and the increasing public awareness. Moreover, increasingly domestic product manufacturing, favorable government regulations and global product manufacturers focus on expanding their presence in Asia Pacific countries are aiding in the growth of the market.

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