Action required: Please refresh your browser
We have recently implemented some changes that require a hard refresh of your browser: Please hold down the CTRL-key and press the F5 key.
After a successful hard refresh, this message should not appear anymore.
More details about this topic are available here »
Orthopedic Braces & Supports Market Worth $5.1 billion | MarketsandMarkets™ | ||||||||||||||||||||||||||||
By: PR Newswire Association LLC. - 05 Mar 2024 | Back to overview list |
|||||||||||||||||||||||||||
CHICAGO, March 5, 2024 /PRNewswire/ -- Orthopedic Braces & Supports Market in terms of revenue was estimated to be worth $3.6 billion in 2023 and is poised to reach $5.1 billion by 2029, growing at a CAGR of 5.9% from 2023 to 2029 according to a new report by MarketsandMarkets™. The major factors driving the growth of this market include Progress in medical technology and materials used in braces, coupled with rising awareness about injury prevention and rehabilitation, contributing to the expanding demand for orthopedic braces and supports. Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=24806829 Browse in-depth TOC on "Orthopedic Braces & Supports Market" 192 - Tables Orthopedic Braces & Supports Market Scope:
Product segment to register significant growth rate over the forecast period of 2023-2029. Based on the product, the global orthopedic braces and supports market is segmented into Knee, Ankle, foot walkers, Hip, Back, and Spine, Shoulder, Elbow, Hand, Wrist Facial braces and supports. The Kness braces and supports segment is anticipated to register the highest growth rate over the forecast period. Preventive Care segment in application to register significant growth rate over the forecast period of 2023-2029. Based on application, the global orthopedic braces and supports market is segmented into preventive care, ligament Injury, post-operative rehabilitation, osteoarthritis, compression therapy, Other Application. The growing trend towards proactive health management has led to increased interest in preventive care, including the use of orthopedic braces and supports to address musculoskeletal issues before they escalate. Additionally, as individuals become more health-conscious, there is a rising awareness of the role that orthopedic braces can play in preventing injuries, promoting proper alignment, and supporting overall musculoskeletal well-being. The hospitals and breast care centers segment accounted for the largest share of the orthopedic braces and supports market, by distribution channel, in 2023. Based on distribution channel, the orthopedic braces and supports market is segmented into hospitals and surgical centers, orthopedic clinics, pharmacies and retailers, e-commerce platforms and other end users. The hospitals and surgical segment accounts for the largest share of the market in 2022. The increasing prevalence of musculoskeletal disorders and post-surgical rehabilitation needs has fueled the demand for orthopedic braces and supports in hospitals and surgical centers. Additionally, advancements in medical technology and a growing emphasis on non-invasive treatment options contribute to the expanding utilization of orthopedic braces within healthcare settings for comprehensive patient care. The Asia Pacific market to register a significant growth in the market during the forecast period. The Asia Pacific orthopedic braces and supports market is estimated to register a significant growth from 2023 to 2029. The increasing patient population, rising geriatric population, rapid economic growth and increasing disposable income are driving the market growth in APAC countries. This region is having a rise in healthcare investment and expenditure, offering significant growth opportunities for the key players. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=24806829 Orthopedic Braces & Supports Market Dynamics: Drivers:
Restraints:
Opportunities:
Challenge:
Key Market Players of Orthopedic Braces & Supports Industry: As of 2022, prominent players in the orthopedic braces and supports market are 3M (US), Essity (Sweden), Ossur HF (Iceland), Thuasne Group (France), Zimmer Biomet (US), and Bird & Cronin Inc. (US) A breakdown of the primary participants referred to for this report is provided below:
Recent Developments of Orthopedic Braces & Supports Industry:
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=24806829 Orthopedic Braces & Supports Market - Key Benefits of Buying the Report: The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall orthopedic braces and supports market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities. This report provides insights on the following pointers:
Related Reports: Insulin Delivery Devices Market - Global Forecasts to 2028 Top 10 Medical Device Technologies Market - Global Forecasts to 2027 Compression Therapy Market - Global Forecasts to 2027 Cold Pain Therapy Market - Global Forecasts to 2027 Patient Monitoring Devices Market - Global Forecasts to 2027 About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg View original content:https://www.prnewswire.com/news-releases/orthopedic-braces--supports-market-worth-5-1-billion--marketsandmarkets-302079431.html SOURCE MarketsandMarkets |
||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Copyright 2024 PR Newswire Association LLC. | Back to overview list |