Orthopedic Braces and Supports Market Worth $4.44 Billion by 2029 - Exclusive Report by Meticulous Research®

Orthopedic Braces and Supports Market by Product (Knee, Shoulder, Ankle, Spine, Hand, Neck), Type (Soft, Hinged & Hard), Application (ACL, LCL, Osteoarthritis, Preventive Care), Distribution Channel (E-commerce, Hospital, Pharmacy) - Global Forecast to 2029

Pune, INDIA


Redding, California, Oct. 17, 2022 (GLOBE NEWSWIRE) -- According to a new market research report titled, ‘Orthopedic Braces & Supports Market by Product (Knee, Shoulder, Ankle, Spine, Hand, Neck), Type (Soft, Hinged & Hard), Application (ACL, LCL, Osteoarthritis, Preventive Care), Distribution Channel (E-commerce, Hospital, Pharmacy)—Global Forecast to 2029.published by Meticulous Research®, the global orthopedic braces & supports market is expected to register a CAGR of 4.2% from 2020 to 2029 to reach $4.44 billion by 2029.

Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5355
Braces & supports are used for therapeutic and preventive uses. The therapeutic uses constitute supportive aid for the treatment after recovery from orthopedic illnesses. In preventive care, braces & supports are used to provide support while walking, exercising, or playing sports. These braces & supports are also used to reduce occupational injuries and can be used around the elbow, ankle, knee, or wrist. They help guide joint movements, decrease weight around the painful areas of the joints, improve stability, and limit tendon/muscular contraction at a specific site.

Depending on the severity and type of injury, braces & supports play an important role in recovery and rehabilitation. Additionally, sports supports and orthopedic braces are used widely for knee ligament injuries during sports and ankle sprains. They provide compression, joint stability, and support and help in alleviating joint pain and arthritis.

The main products of braces & supports are knee braces and supports, foot walkers and orthoses, and back, hip, and spine braces and supports. The braces and supports are of different types, namely, soft & elastic braces and supports, hard & rigid braces and supports & hinged braces & supports.

Impact of COVID-19 on the Orthopedic Braces and Supports Market

The COVID-19 pandemic negatively affected the global orthopedic braces & supports market. The pandemic resulted in a decline in elective surgeries and the postponement of organized sports. Additionally, patients’ unwillingness to go to clinics due to fear of contracting COVID-19 and deferral surgeries for both major and minor injuries have negatively impacted the market's growth.

Nationwide lockdowns in the countries of Asia-Pacific and Europe, the major suppliers of raw materials, led to a global manufacturing slowdown. The impact on the market was seen for a shorter period as a steady recovery was observed during the latter part of the pandemic.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5355

The global orthopedic braces and supports market is segmented by product (knee braces & supports, ankle braces & supports, foot walkers & orthoses, back, hip, and spine braces & supports, neck and cervical braces & supports, shoulder braces & supports, elbow braces & supports, hand and wrist braces & supports, facial braces & supports), by type (soft and elastic braces & supports, hinged braces & supports, hard and rigid braces & supports), by application (ligament injury {anterior cruciate ligament injury, lateral collateral ligament injury}, preventive care, post-operative rehabilitation, osteoarthritis, compression therapy, other applications), by distribution channel (orthopedic clinics, hospitals and surgical centers, pharmacies and retailers, e-commerce platforms, other distribution channels), and Geography. The study also evaluates industry competitors and analyzes their market share at global and regional levels.

Based on product, the knee braces & supports segment is expected to account for the largest share of the global orthopedic braces & supports market in 2022. The large market share of this segment is attributed to the high prevalence of orthopedic injuries and the growing use of braces & supports as preventive care. Knee braces help prevent athletes' injuries, provide arthritic support, prevent swelling, and give possible support during exercise to protect the knee from wear and tear.

Based on type, the soft and elastic braces & supports segment is expected to account for the largest share of the global orthopedic braces & supports market in 2022. The large market share of this segment is attributed to the flexibility and use of soft and elastic braces & supports during regular work, low product cost compared to hard braces, improved mobility and reduced pain, and improved muscle activity.

Quick Buy – Orthopedic Braces & Supports Market- Global Opportunity Analysis And Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/19105298

Based on application, the ligament injury segment is expected to account for the largest share of the global orthopedic braces & supports market in 2022. The large market share of this segment is attributed to the high number of accidents leading to ligament fractures, increasing youth participation in sports and athletic activities, and the rise in the cases of diabetes and obesity leading to the risk of osteoarthritis.

Based on distribution channel, the pharmacies and retailers’ segment is expected to account for the largest share of the global orthopedic braces & supports market in 2022. The large market share of this segment is attributed to the convenience and product range offered by pharmacies and retailers, awareness about the orthopedic braces and supports, and easy access to retailers.

Based on geography, North America is expected to account for the largest share of the global orthopedic braces & supports market in 2022, followed by Europe. However, Asia-Pacific is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the growing geriatric population, increasing cases of ligament injuries, government initiatives to manufacture products domestically, such as the Made in China 2025 initiative, and rising cases of diabetes, further increasing the risk of osteoarthritis.

The report also includes an extensive assessment of the key strategic developments of leading market participants in the industry over the past years. In recent years, the global orthopedic braces & supports market has witnessed product launches, collaborations, agreements, and expansions.

The key players operating in the global orthopedic braces and supports market are Bauerfeind AG (Germany), Zimmer Biomet Holdings, Inc. (U.S.), 3M Company (U.S.), Össur hf. (Iceland), Breg, Inc. (U.S.), Enovis Corporation (U.S.), Bird & Cronin, LLC (U.S.), DeRoyal Industries, Inc. (U.S.), Essity Aktiebolag (publ) (Sweden), and Ottobock SE & Co. KGaA (Germany).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/orthopedic-braces-and-supports-market-5355

Scope of the Report:

Orthopedic Braces & Supports Market, by Product

  • Knee Braces & Supports
  • Ankle Braces & Supports
  • Foot Walkers & Orthoses
  • Back, Hip, and Spine Braces & Supports
  • Neck and Cervical Braces & Supports
  • Shoulder Braces & Supports
  • Elbow Braces & Supports
  • Hand and Wrist Braces & Supports
  • Facial Braces & Supports

Orthopedic Braces & Supports Market, by Type

  • Soft and Elastic Braces & supports
  • Hinged Braces & Supports
  • Hard and Rigid Braces & Supports

Orthopedic Braces & Supports Market, by Application

  • Ligament Injury
    • Anterior Cruciate Ligament Injury
    • Lateral Collateral Ligament Injury
  • Preventive Care
  • Post-operative Rehabilitation
  • Osteoarthritis
  • Compression Therapy
  • Other Applications

Note: Other applications include musculoskeletal disorders, carpal tunnel syndrome, and occupational injuries

Orthopedic Braces & Supports Market, by Distribution Channel

  • Orthopedic Clinics
  • Hospitals
  • Pharmacies & Retailers
  • E-commerce Platforms
  • Other Distribution Channels

Note: Other distribution channels include physiotherapy clinics and surgery centers

Orthopedic Braces & Supports Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC (RoAPAC)
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America (RoLATAM)
  • Middle East & Africa

Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5355
Related Reports:

Exoskeleton Market by Product Type (Soft and Rigid), Power Type (Powered and Passive), Body Type (Complete Body, Upper and Lower Extremities), Mobility (Stationary and Mobile), and End-Use Industry (Industrial, Military, Healthcare)- Global Forecast to 2027

https://www.meticulousresearch.com/product/exoskeleton-market-5010

X-ray Detectors Market by Product Type (FPD, CSI, GADOX, CR, CCD), FOV (Large, Medium, Small), Portability (Portable, Fix), System (New, Retrofit), And Application [Medical (Mammogram, Spine), Dental, Security, Industrial, Veterinary] - Global Forecast to 2029

https://www.meticulousresearch.com/product/x-ray-detectors-market-4555

Plasma Fractionation Market by Product [Immunoglobulins (Intravenous, Subcutaneous), Coagulation Factors, Albumin], Application [Immunology, Hematology, Neurology], and End User [Hospital, Clinical Research Lab, Academic Institutes]- Global Forecast to 2029

https://www.meticulousresearch.com/product/plasma-fractionation-market-5117

Surgical Sutures Market by Product (Suture Thread (Synthetic, Nylon, Silk, Prolene, Steel), Automatic Suture Device), Application (CVD, General, Orthopedic, Gynec, Ophthalmic, Plastic, Cosmetics), End User (Hospitals, ASC, Clinic) - Global Forecast to 2024

https://www.meticulousresearch.com/product/surgical-sutures-market-4947

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding, 
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com 
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/581/orthopedic-braces-and-supports-market-2029

 

Contact Data