Pune,10, April 2023: The report expects the Orthopedic Braces and Supports Market to grow from USD 3.6 Bn in 2021 to USD 5.7 Bn by 2029 at a CAGR of 6 percent over the forecast period. The report is a mixture of primary and secondary data and the domain expert has analyzed the Orthopedic Braces and Supports Market from a local, global and regional point of view.
Orthopedic Braces and Supports Market Report Scope and Research Methodology
The report is a thorough analysis of the Orthopedic Braces and Supports market provided with key findings including Pricing, investments, expansion plans, and physical presence in the Orthopedic Braces and Supports market. The bottom-up approach was used to understand the Orthopedic Braces and Supports market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities, and challenges of the Orthopedic Braces and Supports market. The financial standing, portfolio, technology adoption, merger and acquisition, joint ventures and strategic alliances are included in the competitive environment for the Orthopedic Braces and Supports market.
Regional analysis of the Orthopedic Braces and Supports market conducted at a local, regional and global level. The report also provides information on the emerging regions that are expected to be major markets for the Orthopedic Braces and Supports market. The report includes primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the Orthopedic Braces and Supports market. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to understand the competitive intensity of the industry in the Orthopedic Braces and Supports Market.
Orthopedic Braces and Supports Market Dynamics
The increase in orthopedic diseases and disorders such as osteoarthritis and rheumatoid due to changing lifestyles helps to drive the Orthopedic Braces and Supports Market. The increase in the geriatric population drives market growth as the aging population is highly affected by musculoskeletal disorders. The Orthopedic Braces and Supports Market is driven by increasing product and technological developments, increasing the number of knee replacement cases, rising sports-related injuries, the prevalence of chronic disorders and increasing initiatives by major companies.
During the forecast period, Orthopedic Braces and Supports Market growth is expected to be hampered by the lack of patient qualification for bracing-medicated orthopedic treatment and low clinical evidence to support the therapeutic efficiency of orthopedic braces.
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Orthopedic Braces and Supports Market Regional Insights
North America dominates the Orthopedic Braces and Supports Market with the largest market share. The regional market is driven by the growing geriatric population, rising incidences of sports-related diseases and increasing prevalence of musculoskeletal disorders. The well-established healthcare infrastructure, favorable reimbursement for orthopedic bracing procedures and increasing government guidelines for product commercialization are also responsible factors for influencing the regional market growth.
The United States is expected to have a significant Orthopedic Braces and Support market share, over the forecast period. This is due to the large presence of small and medium size orthopedic manufacturers.
Orthopedic Braces and Supports Market Segmentation
By Product
By Type
By Application
By End-User
Orthopedic Braces and Supports Market Key Players include:
Table of Content for Global Orthopedic Braces and Supports Market:
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Key questions answered in the Orthopedic Braces and Supports Market are:
Key Offerings:
Maximize Market Research Medical Devices research firm, has also published the following reports:
Knee Replacement Devices Market: The market size is expected to reach USD 12.46 Bn by 2029 at a CAGR of 3.75 percent during the forecast period. The market is driven by the high prevalence rate of knee osteoarthritis and increasing technological developments for the improvement in treatment efficiency.
Orthopedic Surgical Power Tools Market: The market size is expected to reach USD 2.45 Bn by 2029 at a CAGR of 3.5 percent during the forecast period. The market is driven by the Prevalence of osteoporosis and other orthopedic ailments and the increasing geriatric population.
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