USD 4.44 billion
Orthopedic Support Systems Market Size, Share, Growth Analysis, By Product(Splint, Bandage & Sleeves, Strap, Braces & Supports (Knee Braces & Supports), By Type(Soft & Elastic Braces & Supports, Hard Braces & Supportsx, Hinged Braces & Supports), By Application(Preventive Care, Ligament Injury (Anterior Cruciate Ligament Injury, Lateral Collateral Ligament Injury, Other Ligament Injury)), By End User(Hospitals and Surgical Centers, Orthopedic Clinics, Pharmacies and Retailers, E-Commerce Platforms), By Extremities(Upper Body Extremities, Lower Body Extremities), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2257 |
Region:
Global |
Published Date: June, 2024
Pages:
219
|Tables:
161
|Figures:
72
Orthopedic Support Systems Market Insights
Orthopedic Support Systems Market size was valued at USD 4.44 billion in 2022 and is poised to grow from USD 4.90 billion in 2023 to USD 10.73 billion by 2031, growing at a CAGR of 10.3% in the forecast period (2024-2031).
The orthopedic aid systems market is experiencing regular increase because of increasing cognizance of musculoskeletal disorders and the growing growing older populace. These elements have propelled the call for for orthopedic assist products, along with braces, orthotics, and prosthetics.
Advances in generation have also played a huge function in enhancing the design and functionality of those guide structures, main to progressed patient consequences and luxury. Moreover, a developing emphasis on sports activities and fitness activities has contributed to the market's expansion as athletes and fitness enthusiasts are looking for preventive and rehabilitative answers. In addition to those trends, the market is witnessing innovation in materials and production methods, further driving the development of custom designed orthopedic aid structures to meet the numerous needs of patients.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Braces and Support
Fastest Growth
Splint
Growth Rate
10.3% CAGR
Orthopedic Support Systems Market ($ Bn)
Country Share for North America Region (%)
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Orthopedic Support Systems Market Segmental Analysis
The orthopedic support structures market is segmented based on product, type, application, end user, software, and region. By product, the market is segmented into splint, bandage & sleeves, strap, and braces & supports (knee braces & supports, ankle braces & supports, foot walkers & orthoses, hip, back & spine braces & supports (neck & cervical spine & supports, lower spine braces & supports), shoulder braces & supports, elbow braces & supports, hand & wrist braces & supports, facial braces & supports). By type, the market is segmented into soft & elastic braces & supports, hard braces & supports, hinged braces & supports. Based on application, the market is segmented into preventive care, ligament injury (anterior cruciate ligament injury, lateral collateral ligament injury, other ligament injury), post operative rehabilitation, osteoarthritis, compression therapy, and others. Based on end user, the market is segmented into hospitals and surgical centers, orthopedic clinics, pharmacies and retailers, e-commerce platforms, DME dealers, and others. Based on extremities, the market is bifurcated into upper body extremities (shoulder, elbow, hand and wrist), lower body extremities (ankle, knee, foot, hip and lower back). By region, the marketplace is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Analysis by aid of Product
Braces are the dominating product inside the orthopedic help systems market. They offer versatile aid for diverse musculoskeletal situations, supplying stability and pain remedy. Braces are broadly used inside the treatment and prevention of injuries, making them a famous choice amongst sufferers and healthcare professionals alike.
However, splints are the quickest-developing product section in the orthopedic help systems market. This growth is attributed to their effectiveness in immobilizing and shielding injured frame elements, along with fractures and sprains. Additionally, improvements in splint materials and designs have made them more comfortable and adaptable, attractive to both sufferers and clinicians. As a result, the demand for splints is at the upward push, using their fast growth in the market.
Analysis by Extremities
The decrease frame extremities phase, inclusive of the ankle, knee, foot, hip, and lower back help systems, presently dominates the orthopedic guide systems marketplace. This dominance is by and large pushed by way of the better incidence of injuries, situations, and degenerative illnesses affecting these regions, inclusive of osteoarthritis and sports activities-related injuries. As a end result, there's a constantly high call for for orthopedic guide products to aid in mobility and alleviate soreness in decrease frame extremities.
Moreover, the upper body extremities section, encompassing shoulder, elbow, hand, and wrist guide structures, is the fastest-growing inside the orthopedic guide structures market. This increase is attributed to numerous factors, which include elevated recognition of the significance of upper body health, increasing applications in sports and rehabilitation, and improvements in materials and layout. Additionally, an ageing populace is in search of answers to preserve or enhance higher frame characteristic, contributing to the speedy growth of this segment.
Orthopedic Support Systems Market by Product
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Orthopedic Support Systems Market Regional Insights
North America currently dominates the orthopedic support systems marketplace due to its superior healthcare infrastructure, high healthcare expenditure, and a large populace tormented by musculoskeletal conditions. Additionally, the location advantages from a nicely-mounted market presence of foremost orthopedic help machine manufacturers, leading to a mature market.
However, the Asia Pacific location is the quickest-developing market for orthopedic support structures. This growth may be attributed to the growing incidence of orthopedic disorders, a growing growing older population, and enhancing healthcare get admission to in emerging economies. Moreover, expanding recognition about the significance of early diagnosis and remedy, coupled with a surge in sports activities-related injuries, is riding the call for for orthopedic guide structures on this region. As healthcare infrastructure maintains to broaden and earning upward push, Asia Pacific is poised for sturdy marketplace expansion.
Orthopedic Support Systems Market by Region
- Largest
- Fastest
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Orthopedic Support Systems Market Dynamics
Drivers
Technological Advancements
- A key driving force inside the orthopedic guide systems market is technological improvements. Innovations in materials, design, and production processes are leading to the development of more effective and snug guide systems. These innovations enhance patient consequences and pride, driving demand and market growth.
Restraints
High Cost of Orthopedic Support Systems
- One sizeable restraint in the marketplace is the high cost of orthopedic aid systems. These gadgets may be expensive, making them less accessible to individuals without adequate coverage coverage or economic approach. The fee barrier can limit market increase and restrict affected person get entry to to important orthopedic assist answers.
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Orthopedic Support Systems Market Competitive Landscape
The aggressive landscape of the orthopedic aid structures market is characterized by way of a multitude of businesses striving to offer a huge range of modern products and answers. These groups compete based on factors which includes product high-quality, technological improvements, pricing techniques, and distribution networks. With an emphasis on studies and development, many players are running to introduce new substances and designs to beautify the comfort and effectiveness of orthopedic assist systems. Additionally, strategic collaborations, mergers, and acquisitions are commonly located as corporations are seeking for to expand their market attain and make stronger their competitive positions. The marketplace stays dynamic and aggressive, with firms continuously vying for a bigger share in this crucial healthcare sector.
Top Player’s Company Profiles
- Össur (Iceland)
- BREG, Inc. (US)
- DeRoyal Industries, Inc. (US)
- Bauerfeind (Germany)
- DJO Global, Inc. (US)
- Otto Bock (Germany)
- Fillauer LLC (US)
- Frank Stubbs Company Inc. (US)
- McDavid (US)
- Hely & Weber (US)
- Thuasne Group (France)
- Medi (Germany)
- DonJoy (US)
- 3M Health Care (US)
Recent Developments
- In April 2024, resident orthopedic surgeons in the Yukon communicated in a letter to fellow doctors that they are unable to accept new patients for elective orthopedic surgeries. They attributed this decision to the absence of additional funding or support for the program.
- In February 2024, Rebound encountered a breach in our computer systems. We are delighted to announce that we have successfully restored these systems, and we are now operating at full capacity.
- In January 2024, athenahealth, Inc., a renowned provider of network-enabled software and services catering to medical groups and health systems nationwide, announced that New England Orthopedic Surgeons (NEOS) is integrating athenaOne. This cloud-based suite encompasses integrated electronic health record (EHR), revenue cycle management, and patient engagement solutions offered by athenahealth.
Orthopedic Support Systems Key Market Trends
- Rise in Demand for Customized Orthopedic Support Systems: Patients are increasingly searching for customized orthopedic help gadgets tailor-made to their particular anatomical wishes and lifestyle necessities. This fashion is being pushed with the aid of advancements in 3-d scanning and printing technology, bearing in mind the advent of bespoke orthopedic aid systems that provide advanced consolation, match, and healing advantages. Customization not simplest enhances patient delight however also contributes to higher clinical results, making it a noteworthy trend inside the market.
Orthopedic Support Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to worldwide orthopedic help structures marketplace analysis, the marketplace maintains to show off constant boom, driven by means of several elements along with growing focus of musculoskeletal situations, a rising getting older populace, and technological advancements. The marketplace has witnessed a surge in demand for orthopedic guide devices, including braces, orthotics, and prosthetics, as individuals are seeking powerful solutions for coping with numerous orthopedic illnesses and accidents. Moreover, the emphasis on lively life and sports participation has in addition fueled the marketplace's enlargement, as athletes and fitness fanatics require preventive and rehabilitative support systems. Looking beforehand, the orthopedic aid systems market is poised for persisted growth. Technological innovations, such as 3D printing and clever materials, are predicted to revolutionize product design and customization, leading to improved affected person outcomes. Moreover, the combination of virtual fitness technology and telemedicine into orthopedic help structures is in all likelihood to decorate affected person monitoring and care delivery. As healthcare systems global prioritize patient mobility, comfort, and exceptional of lifestyles, the marketplace is expected to witness sustained increase, with opportunities for marketplace gamers to innovate and cater to the evolving desires of an expanding patient base. However, cost concerns and regulatory challenges may additionally pose hurdles a good way to require strategic solutions to navigate within the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.44 billion |
| Market size value in 2031 | USD 10.73 billion |
| Growth Rate | 10.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Orthopedic Support Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Orthopedic Support Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Orthopedic Support Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Orthopedic Support Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Orthopedic Support Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Orthopedic Support Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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