Orthopedic Braces and Support Market - Trends Forecast Till 2028

Orthopedic Braces and Support Market, By Product (Lower Extremities Braces And Supports, Upper Extremities Braces And Supports), Type(Hinged Braces And Supports, Soft & Elastic Braces And Supports, Hard & Rigid Braces And Supports), Application(Preventive Care, Ligament Injury, Osteoarthritis, Post-Operative Rehabilitation, Others), End User(Hospitals, Clinics, Home Healthcare, Others), Distribution Channel (OTC, Orthopedic Clinics, Hospitals & Surgical Centers, Others), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: September, 2020

Base Year Estimate: 2019

Report ID: D-HC-OBASM-46

Format:  

Number of Pages: 326

Domain: Healthcare

Orthopedic braces and support Market – Trends Forecast Till 2028

The global orthopedic braces and support market is anticipated to reach USD 5.2 billion by 2020 growing at a CAGR of 5.2% during the forecasting period, 2020-2028. Orthopedic braces and support are the medical devices that are designed for addressing musculoskeletal issues and they are used for aligning properly, correcting the position, supporting, stabilizing, and protecting certain parts of the body. Factors such as the rising prevalence of orthopedic diseases & disorders and continuous product commercialization are some of the major drivers for orthopedic braces and support market

Orthopedic braces and support Market – Trends Forecast Till 2028

The global orthopedic braces and support market is segmented into product, type, application, end-user, distribution channel, and geography.

The product segment is segmented into Lower Extremities Braces and Supports, Upper Extremities Braces and Supports. 

The type segment is segmented into Hinged Braces and Supports, Soft & Elastic Braces and Supports, Hard & Rigid Braces and Supports

Application segment is segmented into Preventive Care, Ligament Injury, Osteoarthritis, Post-Operative Rehabilitation, and Others

The end-User segment is segmented into Hospitals, Clinics, Home Healthcare and Others

Distribution Channel segment is segmented into OTC, Orthopedic Clinics, Hospitals & Surgical Centers and Others

Geographically, the global orthopedic braces and support market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions 

North America region is the largest contributor to the orthopedic braces and support market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028.

Key players in the global orthopedic braces and support market are DJO Global, Zimmer Biomet, Medtronic, Smith and Nephew, Stryker, Ossur, Nuvasive, Integra Lifesciences, Globus Medical, DePuy Synthes, Ottobock, AC Mould, Johnson & Johnson, Weber Orthopedic Inc., Bledsoe Brace Systems, FLA Orthopedics, Bauerfeind USA Inc., Oppo  Medical Inc., Langer Biomechanics, BSN Medical, Frank Stubbs Co., Inc., Mcdavid Knee Guard, Inc., Alcare Company Ltd. among others

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

  • In 2017, Johnson & Johnson has introduced an Orthopaedic Platform for improving clinical outcomes by helping health systems and surgeons drive improvements in orthopedic care
  • In 2019, NuVasive Inc. has announced that its LessRay radiation reduction and workflow enhancement system has been voted a winner & won gold at the 2019 Medical Design Excellence Awards

Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, a conference like Jefferies conference)—to identify and collect information useful for this study of the orthopedic braces and support market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial study the global orthopedic braces and support market. Through secondary, the market is classified and segmented as per of industry trend, development, regional market. Product and technology development. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the orthopedic braces and support market.

The primary respondent breakdown is provided below:

Orthopedic braces and support Market – Trends Forecast Till 2028

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the orthopedic braces and support market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact the primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants 

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for orthopedic braces and support market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Features

Description

Market Revenue In 2020

USD 5.2 billion

Growth Rate

CAGR of 5.2% during the forecasting period, 2020-2028

Historical Data

2017-2018

Forecast Years

2020-2028

Base Year 

2019

Units Considered

Revenue in USD billion and CAGR from 2020 to 2028

Report Segmentation

Product, Type, Application, End-user, Distribution Channel, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

DJO Global, Zimmer Biomet, Medtronic, Smith and Nephew, Stryker, Ossur, Nuvasive, Integra Lifesciences, Globus Medical, DePuy Synthes, Ottobock, AC Mould, Johnson & Johnson, Weber Orthopedic Inc., Bledsoe Brace Systems, FLA Orthopedics, Bauerfeind USA Inc., Oppo  Medical Inc., Langer Biomechanics, BSN Medical, Frank Stubbs Co., Inc., Mcdavid Knee Guard, Inc., Alcare Company Ltd. among others

Available Customization 

In addition to the market data for orthopedic braces and support market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirements.

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