The global bracing and supports market is anticipated to grow at a CAGR of 5.1% during the forecast period. Braces and supports are orthopedic devices that are commonly used for aligning, supporting, holding, and correcting specific parts of the body. These devices are made of specialized materials and have intelligent designs, are known to provide intense targeted support to the spine, ankle, shoulder, knee, spine, ankle, and upper elbow, among other body parts.
Get Sample Copy of Global Bracing and Supports Market: https://orionmarketreports.com/request-sample/?id=114589&submit=Request+Sample%0D%0A
The key factors contributing in market growth includes bone fracture of any form leads to the usage of braces and support systems to develop the immobilization of the patient’s fractured part. Several fractures such as osteoporotic vertebral fracture, that is among the primarily severe forms of osteoporotic fractures that lead to wide usage of braces. Moreover, developed markets, the increasing disposable income and better adoption rate of new technologies in hospitals and various orthopedic centers are propelling to the early diagnosis, adoption and demand for orthopedic braces and support systems, thus it can be one of the primary impacting factors for this market growth.
Furthermore, increased sales of off-the-shelf and online products, as well as promotional and branding initiatives, will provide profitable opportunities to market. Continuous product commercialization will also help to expand the market. Limited patient qualification for bracing-mediated orthopaedic treatment, on the other hand, and a lack of clinical evidence to support the therapeutic efficacy of orthopaedic braces are expected to hinder market growth. Furthermore, the rise in pain medication adoption is expected to pose a challenge to the braces and supports market during the forecast period.
Additionally key market players in the market are developing, launching and involved in R&D activities for the development of new and technology based products to fulfil the demand of the end-user and to remain competitive in the market. For instance,
- In September 2021, Ossur, launched the new Rebound Post-Op Elbow Brace, a non-invasive, lightweight, adjustable brace. New brace is designed to provide elbow immobilization and range-of-motion restriction for patients with a variety of conditions, including chronic elbow injuries and tennis elbow release.
- In July 2020, Thuasne launched ActionReliever, an arthritis knee brace available prescribed by GPs. It is a cost-effective solution, Thuasne ActionReliever for at least two years did not need surgery at the eight years follow up stage.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Bauerfeind, Biomet, Bledsoe, Breg, Cramer Products, DeRoyal Industries Inc., Ossur HF, and Orthomerica, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Bracing and Supports Market Report by Segment
By Type
- Knee Braces & Supports
- Foot and Ankle Braces & Supports
- Spinal Orthoses
- Upper Extremity Braces & Supports
By Application
- Ligament Injury
- Preventive Care
- Osteoarthritis
- Others
By End-User
- Hospitals
- Orthopaedic Centers
- Other
A full report of Global Bracing and Supports Market is available at: https://orionmarketreports.com/global-bracing-and-supports-market/114589/
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
