Russia Orthopedic Braces & Supports Market Overview, 2028

Russia Orthopedic Braces & Supports Market Overview, 2028

The rising frequency of orthopaedic disorders such as arthritis, osteoporosis, and sports injuries is driving increased demand in Russia for orthopaedic braces and supports. Furthermore, the growing elderly population and rising healthcare costs are expected to drive growth in this market. The Russian government is increasing its healthcare expenditure, which is expected to boost the demand for orthopedic braces and supports. The government is investing in improving the quality of healthcare services and increasing access to medical devices, including orthopedic braces and supports. Many companies are investing in the development of products that are made from sustainable materials and can be recycled or reused, thereby reducing the environmental impact. This trend is expected to gain momentum in the coming years. Smart materials, such as shape memory alloys and smart polymers, are being used in the production of orthopedic braces and supports. These materials have the ability to change their shape in response to external stimuli, such as heat or pressure, allowing for greater comfort and flexibility. Furthermore, advanced imaging technologies, such as MRI and CT scans, are being used to create detailed images of the patient's anatomy. These images can be used to create custom-made orthopedic braces and supports that fit the patient's body perfectly. In addition, Wireless technology is being used to create ""smart"" orthopedic braces and supports that can monitor the patient's movements and provide real-time feedback. This technology is also being used to track the patient's progress and adjust the treatment plan accordingly.

According to the research report ""Russia Orthopedic Braces and Supports Market Overview 2028,"" published by Bonafide Research, The Russia orthopedic braces and supports market is anticipated to grow at CAGR of 5.31% from 2023 to 2028. Braces and supports made of lightweight and breathable materials are becoming more popular, as they provide greater comfort and are easier to wear for extended periods. There are various diseases in Russia that support the orthopedic braces and supports market. Osteoarthritis is a type of degenerative joint disease that primarily affects the knee, hips, and spine. Orthopaedic braces and supports can aid in the stabilisation of the afflicted joint and the reduction of pain. Rheumatoid arthritis is another frequent disease in Russia. It is an autoimmune disease that affects the joints, causing inflammation and pain. Orthopaedic braces and supports can provide support and protection for the afflicted joints. In addition, orthopaedic braces and supports are used in scoliosis. In this disorder, the spine slopes to the side, resulting in unequal shoulders and hips. Orthopaedic braces and supports can help straighten the spine and keep it from worsening. Patients can now consult with doctors and specialists remotely thanks to the rise of telemedicine. This has made it easier for people in rural places to obtain specialised care as well as for doctors to monitor patients' progress without them having to travel to a clinic. The Russian government has implemented national health programs that focus on improving the diagnosis, treatment, and rehabilitation of patients with musculoskeletal conditions. These programs include provisions for the use of orthopedic braces and supports as part of a comprehensive treatment plan. Furthermore, the government provides financial and regulatory support to manufacturers of orthopedic products to encourage their development and production. The government provides funding for research into the development of new orthopedic braces and supports and technologies, including smart devices.

According to the report, the market is segmented into, Knee Braces and Supports, Ankle Braces and Supports, Foot Walkers and Orthoses, Hip, Back, And Spine Braces and Supports, Shoulder Braces and Supports, Elbow Braces and Supports, Hand & Wrist Braces and Supports, Facial Braces and Supports. The Knee braces and supports are the most used orthopedic braces and supports in Russia and is dominating the market as well. Furthermore, Knee braces and supports offer support and stability to people suffering from knee injuries or disorders like osteoarthritis. In Russia, many types of knee braces are used, including hinged knee braces, compression knee sleeves, and patella. There are other orthopedic braces and supports also used in Russia. Back braces are used to support the lower back and can be helpful for patients with conditions such as sciatica, herniated discs, or spinal stenosis. There are several types of back braces, including lumbar belts, sacroiliac belts, and full torso braces. The Hip, back and spine Orthopedic braces and supports are expected to grow with maximum CAGR during the anticipated period. Furthermore, Accidents such as car accidents and workplace accidents can result in hip, back, and spine injuries that require the use of orthopedic braces and supports for support and rehabilitation. Furthermore, the aging population in Russia is increasing, leading to a higher incidence of conditions such as osteoporosis, arthritis, and spinal stenosis. These conditions often require the use of orthopedic braces and supports for pain relief and support.

Based on distribution Channel, the market is segmented into Hospitals and Surgical Centres, Orthopedic Clinics, Pharmacies & Retailers, E-commerce platforms, Other End Users (physiotherapy centers, government regulatory organizations, academic institutes, and CROs, among others). Hospitals are the primary distribution channel for orthopedic braces and supports in Russia, accounting for a significant share of the market. This is because hospitals have specialized departments and medical professionals who are trained to diagnose and treat musculoskeletal conditions, and can prescribe and fit orthopedic braces and supports for their patients. Additionally, hospitals often have partnerships with manufacturers and distributors of orthopedic braces and supports, which allow them to provide a wide range of products to their patients. However, the e-commerce segment is growing rapidly in Russia, driven by increasing internet penetration and the convenience of online shopping. E-commerce platforms offer a wide variety of orthopedic braces and supports, often at lower prices than traditional retail channels. This is attracting more customers to purchase orthopedic braces and supports online, leading to a shift in the market share from hospitals to e-commerce platforms.

Considered in this report
• Geography: Russia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Russia Orthopedic Braces and Supports market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product
• Knee Braces and Supports
• Ankle Braces and Supports
• Foot Walkers and Orthoses
• Hip, Back, And Spine Braces and Supports
• Shoulder Braces and Supports
• Elbow Braces and Supports
• Hand & Wrist Braces and Supports
• Facial Braces and Supports

By Distribution Channel
• Hospitals and Surgical Centres
• Orthopedic Clinics
• Pharmacies & Retailers
• E-commerce platforms
• Other End Users (physiotherapy centers, government regulatory organizations, academic institutes, and CROs, among others)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Orthopedic Braces and Supports industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.