According to the latest report by IMARC Group, titled “Orthopedic Braces and Supports Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on orthopedic braces and supports market demand. 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$ 4.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
Orthopedic braces and supports are medical devices designed to address musculoskeletal issues by stabilizing, aligning, or correcting limb and joint positions and facilitating recovery from fractures, sprains, and other injuries. These devices play a crucial role in postoperative care, injury prevention, and chronic pain management related to orthopedic abnormalities. The range of products within this category includes knee braces, ankle supports, back braces, wrist splints, and neck collars, each tailored to specific body parts and medical requirements. Orthopedic braces are often recommended by healthcare professionals to provide support, limit movement during the healing process, alleviate pain and prevent further injury. They are commonly used in sports medicine to protect athletes from injury or to help them recover from existing injuries. The design of these supports has evolved with advancements in materials science, incorporating lightweight, breathable fabrics and customizable features for enhanced comfort and effectiveness.
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Market Trends:
The increasing incidence of orthopedic diseases and disorders such as osteoarthritis, rheumatoid arthritis, and sports-related injuries is driving the global market. Advancements in material science and product design have also played a crucial role. The integration of smart technologies, such as sensors and wireless connectivity, has led to the development of innovative products that not only provide support but also track patient progress and adjust therapy accordingly. Moreover, the shift towards preventive healthcare and non-invasive treatments has highlighted the role of orthopedic support in avoiding surgical interventions and managing chronic conditions. Additionally, the sports industry consistently fuels the expansion of this market. The market is further driven by enhanced distribution channels and increased availability of orthopedic braces over e-commerce platforms, expanding their reach and convenience for users. This ease of access, combined with heightened health consciousness and self-care trends among the general population, ensures a steady demand for orthopedic braces and supports.
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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