Asia Pacific Orthopedic Braces and Supports Market

Market Overview:

The Asia Pacific orthopedic braces and supports market size reached US$ 1,072 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,435 Million by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

Orthopedic braces and supports are medical equipment used to alleviate chronic pain or temporary discomfort while recovering from musculoskeletal disorders, road accidents and sports injuries. They are used to properly align, support, stabilize and protect a particular part of the body, especially muscles, joints, and bones in the hips, feet, knees, spine, ankle, and shoulders. They are also used to rehabilitate and prevent injuries while offering post-operative care and osteoarthritic care.

The Asia Pacific orthopedic braces and supports market is primarily driven by the thriving healthcare industry and favorable government initiatives to enhance the existing healthcare system in the region. The rising disposable incomes, rapid urbanization, and the increasing availability of these devices and systems are also propelling the growth of the market. Along with this, the easy accessibility of orthopedic braces and supports via internet platforms has also offered a hassle-free buying experience for consumers with detailed product information and guidance on usage. Furthermore, the development of customized products with advanced data sensors and synchronization systems by manufacturers is also positively impacting the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Asia Pacific orthopedic braces and supports market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on product, type, application and end user.

Breakup by Product:

• Lower Extremity Braces and Supports
• Spinal Braces and Supports
• Upper Extremity Braces and Supports
   

Breakup by Type:

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

Breakup by Application:

• Ligament Injury
• Preventive Care
• Post-Operative Rehabilitation
• Osteoarthritis
• Others
   

Breakup by End User:

• Orthopedic Clinics
• Hospitals and Surgical Centers
• Over-the-Counter (OTC) Platforms
• Others
   

Breakup by Country:

• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the Asia Pacific orthopedic braces and supports market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Asia Pacific orthopedic braces and supports market?
• What are the key regional markets?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Asia Pacific orthopedic braces and supports market and who are the key players?
• What is the degree of competition in the industry?