The market research report for the Orthopedic Braces and Supports  market includes a prediction for the years up to 2029 as well as in-depth information on the market's size, rate of growth, revenue, trends, and potential. Also carefully analysed are the main variables affecting the development of this sector. This study involved a thorough quantitative examination of the market, and the findings can be used to inform the creation of growth- and productivity-boosting measures.

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Orthopedic Braces and Supports  Market Overview:

Focusing on the most recent drivers, restraints, and opportunities for the Orthopedic Braces and Supports  industry, the in-depth company firm's study is on the Orthopedic Braces and Supports  market. Discussions with eminent businesses follow to confirm the results. In the secondary review and analysis of the same, both paid and unpaid data sources are utilised. Data on each player's supply and consumption are assembled using official government sources, independent data sources, and, in the case of publicly traded firms, financial reports of the company. Even if financial documents from businesses are not made available to the general public, the tax division of the local government may be able to obtain them.

Orthopedic Braces and Supports Market size was valued at USD 3.6 Bn. in 2021 and the total Orthopedic Braces and Supports revenue is expected to grow by 6 % from 2022 to 2029, reaching nearly USD 5.7 Bn.

COVID-19 Impact:

The analysis examines the existing and potential impacts of the COVID-19 pandemic on the entire market and delivers more accurate and true estimates in accordance with the market scenario. The world is in anguish due to the coronavirus outbreak. Almost every country has had strict social segregation laws in place, like lockdowns. This has caused disruptions in supply systems. The epidemic has altered societal structures all across the world. The market as a whole is affected by the COVID-19, and as that impact increases in 2019 and 2020, so does the rate of growth. In order to provide decision-makers with reliable data and experiences, businesses and organisations are being compelled by the COVID-19 tragedy to manage risk and digitise operations. This is consistent with the most recent analysis, research, and recommendations from MMR on the management challenges that are crucial for businesses and organisations and have a substantial market impact.

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Orthopedic Braces and Supports  Market Key players:

• NuVasive, Inc
• Integra LifeSciences Corporation
• Globus Medical
• OTTOBOCK
• AC Mould Engineering Limited
• Johnson & Johnson Services, Inc
• Weber Orthopedic LP. DBA Hely & Webe
• BSN medical
• Becker Orthopedic
• OPPO MEDICAL INC
• Langer Biomechanics
• Frank Stubbs Company

Key company and market share insights:

The major competitors are listed here for audiences to learn about. The main strategic actions these businesses take to maintain market dominance are reviewed in this study, including product portfolio strengthening, M&A, partnerships, new, innovative products, and geographic penetration. In addition to critical financial information and current events, the report also provides the company's goals. The companies' global sales, earnings, and profit margins from 2017 through 2022 are also covered in more detail for users.

Orthopedic Braces and Supports  Market Dynamics:

Increased incidence of orthopedic illnesses and disorders

The increased prevalence of obesity and accompanying lifestyle problems is expected to increase the incidence of orthopedic illnesses and disorders in the forecast years since obese people are at a higher risk of orthopedic and musculoskeletal injuries, as well as diabetes. Orthopedic braces and supports provide various advantages over traditional solutions, including lower cost, improved effectiveness, more patient comfort, and ease of use. Thanks to these advantages, leading companies are rapidly creating specialized solutions for the treatment of various orthopedic illnesses as well as to meet unmet market demands.

Patient demand for orthopedic braces is increasing in both established and emerging economies, owing to their low cost and ease of market access. Sports and other physical activity frequently result in musculoskeletal injuries such as sprains, ligament tears, and fractures. Moreover, the growing public engagement in such activities contributes to the prevalence of these illnesses. Orthopedic braces and supports are becoming a more successful clinical alternative to orthopedic surgery for illnesses such as rheumatoid arthritis, osteoporosis, gout, and fractures. Various public-private sports groups and medical experts are organizing conferences, workshops, and symposiums to raise public knowledge about the therapeutic care of orthopedic injuries.

Orthopedic Braces and Supports  Market Segment:

Based on Product, The orthopedic braces and supports market is divided into five product categories: knee braces and supports, ankle braces and supports, back, hip, and spine braces and supports, foot walkers and orthoses, hand and wrist braces and supports, shoulder braces and supports, elbow braces and supports, and facial braces and supports.

Knee braces and supports had the highest revenue share in 2021, owing to an increasing number of people suffering from knee joint-related diseases. Knee braces relieve strain on arthritis-affected knee joints. Individuals suffering from arthritis and other joint-related ailments, athletes, and people who have undergone knee surgery are the primary users of these items. Doctors prescribe walking boots for the stability of fractures, sprains, ligament injuries, or tendon rips in the foot or ankle area. However, owing to its restricted utilization, this category generates little money. Walking boots are further classified as pneumatic and non-pneumatic.

Regional Analysis:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

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The Maximize Market Research team does B2B and B2C research on 12,500 high-growth technologies that present potential for organisations in the healthcare, pharmaceuticals, electronics, communications, internet of things, food and beverage, aerospace, defence, and other manufacturing sectors.

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