Orthopedic Braces Supports market is expected to grow from USD 4.34 billion in 2019 to USD 6.54 billion by 2026 at a CAGR of 6% from 2020 to 2026.
Orthopedic braces and orthopedic supports are mainly designed to protect, soothe, support, and proper the injuries or irregular alignment through a procedure of rehabilitation and recovery. They need numerous functions like rehabilitation and prevention of the injury, osteoarthritis care, post-operative care, etc. Orthopedic braces and supports are fairly common under the orthopedic supplies but are sometimes misunderstood as a neighborhood of recuperative medicine. These are usually made from rigid materials, like hard plastics, and soft materials, like spandex, mostly used for immobilizing joints, which allows them to heal in an efficient position. Soft and elastic braces are the foremost common bracing & support products in orthopedics. These are easy to use, flexible, provide unrestricted patient mobility, and are highly customizable, as compared to other surgical alternatives. Growth during this market can primarily be attributed to the rising availability of advanced products, growing adoption & patient preference for orthopedic braces in post-operative & preventive care, and therefore the supportive reimbursement scenario for target products across mature markets. The global market is segregated on the basis of Product as Ankle Braces and Supports, Foot Walkers and Orthoses, Hip, Back, & Spine Braces and Supports, Knee Braces and Supports, Shoulder Braces and Supports, Elbow Braces and Supports, Hand/Wrist Braces and Supports, and Facial Braces and Supports. Based on Type the market is segmented in Soft & Elastic Braces and Supports, Hinged Braces and Supports, and Hard Braces and Supports. Based on Application the global market is segmented in Preventive Care, Ligament Injury, Post-operative Rehabilitation, Osteoarthritis, Compression Therapy, and Other Indications.
The global market report provides geographical analysis covering regions, such as Europe, North America, Asia Pacific, and the Rest of The World. The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
3M Company, Alcare Co., Ltd., Bauerfeind AG, Bird and Cronin, Inc., Breg, Inc., BSN Medical, Deroyal Industries, Inc., DJO Finance LLC, medi GmbH & Co. KG, Össur Hf, and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Orthopedic Braces & Supports market has been segmented as below:
By Product
By Type
By Application
By Region
Orthopedic Braces & Supports Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers the analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. Major industry players with significant revenue share include 3M Company, Alcare Co., Ltd., Bauerfeind AG, Bird and Cronin, Inc., Breg, Inc., BSN Medical, Deroyal Industries, Inc., DJO Finance LLC, medi GmbH & Co. KG, Össur Hf, and others.
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Target Audience:
The report targeted the existing players in the industry is as follows:
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Report Content
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5.1 Introduction
5.2 Ankle Braces and Supports
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Foot Walkers and Orthoses
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Hip, Back, & Spine Braces and Supports
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Knee Braces and Supports
5.5.1 Market Overview
5.5.2 Market Size and Forecast
5.6 Shoulder Braces and Supports
5.6.1 Market Overview
5.6.2 Market Size and Forecast
5.7 Elbow Braces and Supports
5.7.1 Market Overview
5.7.2 Market Size and Forecast
5.8 Hand/Wrist Braces and Supports
5.8.1 Market Overview
5.8.2 Market Size and Forecast
5.9 Facial Braces and Supports
5.9.1 Market Overview
5.9.2 Market Size and Forecast
6.1 Introduction
6.2 Soft & Elastic Braces and Supports
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Hinged Braces and Supports
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Hard Braces and Supports
6.4.1 Market Overview
6.4.2 Market Size and Forecast
7.1 Introduction
7.2 Preventive Care
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Ligament Injury
7.3.1 Market Overview
7.3.2 Market Size and Forecast
7.4 Post-operative Rehabilitation
7.4.1 Market Overview
7.4.2 Market Size and Forecast
7.5 Osteoarthritis
7.5.1 Market Overview
7.5.2 Market Size and Forecast
7.6 Compression Therapy
7.6.1 Market Overview
7.6.2 Market Size and Forecast
7.7 Other Indications
7.7.1 Market Overview
7.7.2 Market Size and Forecast
8.1 Introduction
8.2 Europe
8.2.1 Europe Market, By Product
8.2.2 Europe Market, By Type
8.2.3 Europe Market, By Application
8.3 North America
8.3.1 North America Market, By Product
8.3.2 North America Market, By Type
8.3.3 North America Market, By Application
8.4 Asia Pacific
8.4.1 Asia Pacific Market, By Product
8.4.2 Asia Pacific Market, By Type
8.4.3 Asia Pacific Market, By Application
8.5 Rest of The World
8.5.1 Rest of The World Market, By Product
8.5.2 Rest of The World Market, By Type
8.5.3 Rest of The World Market, By Application
9.1 Key Insights
9.2 Company Market Share Analysis
9.3 Strategic Outlook
9.3.1 Mergers & Acquisitions
9.3.2 New Product Development
9.3.3 Portfolio/Production Capacity Expansions
9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5 Others
(Overview, Key Financials, Recent Developments, Product and Service Offering)
The global Orthopedic Braces & Supports market has been segmented as below:
By Product
By Type
By Application
By Region
Orthopedic Braces & Supports Market, By Company