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The latest report by IMARC Group, titled “Orthopedic Braces and Supports Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global orthopedic braces and supports market size reached US$ 3.9 Billion in 2021. Orthopedic braces and supports are medical devices that alleviate chronic pain or temporary discomfort while recovering from a surgery or an athletic injury. They are made of rigid materials, such as hard plastics, soft materials such as spandex or other tightly knit fabrics, designed to inhibit the movement of a joint. They are used to align, support, stabilize, and prevent certain body parts such as the hip, foot, knee, spine, ankle, shoulder, and elbow from moving beyond a certain range of motion. As a result, these medical devices are prescribed by doctors during the recovery and rehabilitation process to reduce the impact of the external environment on the affected body parts.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.??
Global Orthopedic Braces and Supports Market Trends:
The market is primarily driven by the rising incidences of road and athletic accidents across the globe. Nowadays, patients are widely adopting non-invasive healthcare treatments like physical therapy and supportive devices for a speedy recovery. In addition, the increasing geriatric population that is more susceptible to arthritis, spondylitis and osteoporosis represents another major growth-inducing factor. Besides this, key players are developing pliable braces with a simplified user interface, considering the requirements of consumers. They are also incorporating Velcro and pulley systems instead of laces to enable easy application and customization. This, coupled with the growing prevalence of minor and major musculoskeletal deformities and dysfunctions due to the hectic lifestyles of individuals, is positively influencing the market growth. Moreover, the introduction of modeling and material technology, the rising integration of advanced data sensors and synchronization systems with orthopedic devices, and the easy product availability on e-commerce platforms are some of the other factors creating a favorable market outlook across the globe. Looking forward, IMARC Group expects the market value to reach US$ 5.07 Billion by 2027, exhibiting a CAGR of 4.30% during the forecast period (2022-2027).
Market Summary:
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