The global orthopedic braces and support system market was valued at around US$ 3 Bn in 2020, which amounts to around 11% share of the overall orthopedic devices market. Sales of orthopedic braces and support systems are slated to accelerate at a CAGR of 6% to top US$ 5.5 Bn by 2031. Demand for knee braces and supports is set to increase at a CAGR of 5% across the assessment period of 2021 to 2031.
| Orthopedic Braces and Support System Market Size Value in 2020 | US$ 3 Bn |
| Sales Forecast for Orthopedic Braces and Support Systems by 2031 | US$ 5.5 Bn |
| Global Market Growth Rate (2021 to 2031) | 6% CAGR |
| Share of Top 5 Companies | 50% |
The Demand analysis of Orthopedic Braces and Support System Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Orthopedic Braces and Support System Market across the globe.
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Key Segments in Orthopedic Braces and Support System Industry Research
-
Product
- Knee Braces and Supports
- Ankle Braces and Supports
- Foot Walkers and Orthoses
- Hip, Back, & Spine Braces and Supports
- Shoulder Braces and Supports
- Neck & Cervical Spine Braces and Supports
- Hand & Wrist Braces and Supports
- Others
- Upper Extremity Braces and Supports
- Lower Spine Braces and Supports
- Upper Spine Orthoses
- Elbow Braces and Supports
- Facial Braces and Supports
- Post-Operational Knee Braces
- TLSOs
- LSOs
- Walker Boots
- Pneumatic Walker Boots
- Non-pneumatic Walker Boots
-
Type
- Soft & Elastic Braces and Supports
- Hinged Braces and Supports
- Hard Braces and Supports
-
Application
- Application of Orthopedic Braces and Support Systems in Preventive Care
- Application of Orthopedic Braces and Support Systems in Ligament Injury
- Application of Orthopedic Braces and Support Systems in Anterior Cruciate Ligament Injury
- Application of Orthopedic Braces and Support Systems in Lateral Collateral Ligament Injury
- Application of Orthopedic Braces and Support Systems in Post-operative Rehabilitation
- Application of Orthopedic Braces and Support Systems in Osteoarthritis
- Application of Orthopedic Braces and Support Systems in Compression Therapy
-
End User
- Use of Orthopedic Braces and Supports in Orthopedic Clinics
- Use of Orthopedic Braces and Supports in Hospitals
- Use of Orthopedic Braces and Systems at ASCs
- Use of Orthopedic Braces and Systems in Home Care Settings
- Over the Counter (OTC) Orthopedic Braces and Supports
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- Fact.MR will provide you an analysis of the extent to which this Orthopedic Braces and Support System market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
- Fact.MR will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
- Also, this report will help you to identify any trends to forecast growth rates.
- The analyzed report will forecast the general tendency for supply and demand.
Some of the Orthopedic Braces and Support System Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
- Details regarding latest innovations and development in Orthopedic Braces and Support System and how it is gaining customer traction during the forecast period.
- Analysis about the customer demand of the products and how it is likely to evolve in coming years.
- Latest regulations enforced by government bodies and local agencies and their impact on Demand of Orthopedic Braces and Support System Market .
- Insights about adoption of new technologies and its influence on the Orthopedic Braces and Support System market Size.
- Overview of the impact of COVID-19 on Orthopedic Braces and Support System Market and economic disruptions caused by the pandemic.
- Evaluates post-pandemic impact on the Sales of Orthopedic Braces and Support System Market during the forecast period.
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Technological Innovation in Medical Devices Revolutionizing the Healthcare System
The medical device industry is a heterogeneous, innovative and dynamic sector. From telemedicine to artificial intelligence, robotic surgery and 3D printing, technology is revolutionizing the healthcare industry.
Orthopedic Braces and Support System manufacturing companies and healthcare service providers have started offering personalized patient care and access to complete end-to-end medical device products and services. They are focusing on developing and enhancing product prototyping and minimizing operation cost.
With the onset of COVID-19 pandemic the sales of Orthopedic Braces and Support System witnessed a huge upsurge and the trend is likely to continue in the future.
After reading the Market insights of Orthopedic Braces and Support System Report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
- Analyze key regions holding significant share of total Orthopedic Braces and Support System market revenue.
- Study the growth outlook of Orthopedic Braces and Support System market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use & supply side analysis of Orthopedic Braces and Support System market.
- Investigate the recent R&D projects performed by each market player & competitive analysis of Orthopedic Braces and Support System Market Players.
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Key Takeaways from Market Study
- Global orthopedic braces and support system market to top US$ 5.5 Bn by 2031.
- Knee braces and supports projected to reach around US$ 2.7 Bn by 2031.
- Ankle braces and supports projected to record above 4% CAGR over next 10 years.
- Market in North America holds share of more than 40%.
- Market in France expected to reach valuation of US$ 700 Mn by 2031.
- Market in Australia to record 3% CAGR over forecast period of 2021- 2031.
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