Global Orthopedic Braces And Supports Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Published : 30 Aug 2024

Report Type : Global

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Global Orthopedic Braces And Supports Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Orthopedic braces are the medical devices which are designed to cure or address the musculoskeletal issues, and they are used to heal and protect the parts of the body (particularly muscles, bones, and joints) so that injuries and trauma can be treated. The market is projected to reach USD 7.46 billion by 2024 from USD 3.76 billion in 2017 at a CAGR of 6.2%.

Global Orthopedic Braces and supports market share:

Universal orthopaedic braces and supports market is categorised into segments like Application, product type, Service, and geography. By-product lower extremity is having the most significant share in the market and is having the highest CAGR in the forecast period due to the prevalence of diabetes, obesity and orthopedic disorders.

Global Orthopedic Braces and supports market size:

The most significant share in the market is in North America due to the favourable medical reimbursement and availability of orthopedic bracing techniques. But in the forecast period, Asia-Pacific is going to have the highest growth rate in the market due to expenditures and awareness on orthopedic treatments.

Global Orthopedic Braces and supports market growth:

According to a Medical Care Survey, around 16 %

Global Orthopedic Braces And Supports Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

of musculoskeletal injuries account for fractures in the US. This rate of fractures is increasing year by year and is considered as a driving factor in the growth of the orthopedic braces and supports the market. The major players in this market undergone different strategies like expansions, product launches, and joint ventures to develop the market growth.

Global Orthopedic Braces and supports market industry analysis:

Global orthopedic braces and supports market is classified into Application, service, product, and geography. In the product type low extremities are having the rapid growth and development and even in the forecast period, it is going to have the significant increase because of the commonness of the orthopedic disorders.

Global Orthopedic Braces and supports market outlook:

North America is the leading one regarding global Orthopaedic braces market growth, and later Asia-Pacific is going to take the lead in the forecast period due to increase in the awareness of the orthopedic disorders and help the public to be aware of the diseases.

Global Orthopedic Braces and supports market Trends:

The present prominent trend market is witnessing is that the growth of orthopedic braces due to the

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Global Orthopedic Braces And Supports Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

injuries and disorders. And rise in musculoskeletal disorders in the ageing people. And in the forecast period, the orthopedic disorders even have the demand in the market

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