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The global orthopedic braces and supports market was valued at US$ 4.1 Billion in 2020.
Rising incidents of road and athletic accidents, high demand for non-invasive healthcare treatments and growing prevalence of ailments, such as arthritis, spondylitis, osteoporosis, etc., are some of the factors catalyzing the global orthopedic braces and supports market.
Sudden outbreak of the COVID-19 pandemic had led to the postponement of numerous elective orthopedic surgeries to mitigate the risk of coronavirus infection upon hospital visits.
Based on the product, the global orthopedic braces and supports market has been divided into lower extremity braces and supports, spinal braces and supports, and upper extremity braces and supports. Among these, lower extremity braces and supports account for the largest market share.
Based on the type, the global orthopedic braces and supports market can be segregated into soft and elastic braces and supports, hinged braces and supports, and hard and rigid braces and supports. Currently, soft and elastic braces and supports exhibit a clear dominance in the market.
Based on the application, the global orthopedic braces and supports market has been bifurcated into ligament injury, preventive care, post-operative rehabilitation, osteoarthritis, and others. Among these, ligament injury currently holds largest market share.
Based on the end-user, the global orthopedic braces and supports market can be categorized into orthopedic clinics, hospitals and surgical centers, over-the-counter (OTC) platforms, and others. Currently, orthopedic clinics exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global orthopedic braces and supports market include Breg, Inc., Össur Hf, Bauerfeind AG, BSN Medical, DJO Finance LLC, 3M Company, Otto Bock Healthcare, Deroyal Industries, Inc., Medi GmbH & Co. KG, Thuasne Group, Alcare Co., Ltd, Zimmer Biomet Holdings, Inc., Trulife, Remington Products Company and Bird & Cronin.
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