Orthopedic Braces & Support, Casting and Splints

Orthopedic Braces & Support, Casting and Splints

Global Orthopedic Braces & Support, Casting and Splints Market to Reach US$10.1 Billion by 2030

The global market for Orthopedic Braces & Support, Casting and Splints estimated at US$6.5 Billion in the year 2023, is expected to reach US$10.1 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2023-2030. Orthopedic Braces & Supports, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$5.6 Billion by the end of the analysis period. Growth in the Casting Supplies & Equipment segment is estimated at 6.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.1 Billion While China is Forecast to Grow at 8.3% CAGR

The Orthopedic Braces & Support, Casting and Splints market in the U.S. is estimated at US$2.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.3% and 5.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.

Global Orthopedic Braces & Support, Casting and Splints Market - Key Trends and Drivers Summarized

Orthopedic braces, supports, casting, and splints are medical devices designed to stabilize and protect body parts following injuries like fractures, sprains, or certain chronic conditions such as osteoarthritis. These devices help in immobilizing joints, promoting proper alignment, and reducing pain, which aids in faster recovery. Orthopedic braces and supports range from simple designs such as wrist bands and ankle wraps to more complex structures like knee braces and spinal orthoses. Castings and splints are commonly used in emergency care and postoperative recovery, offering temporary to prolonged stabilization depending on the severity of the injury or the necessity for surgical intervention. Their designs and materials have evolved significantly, incorporating lightweight, durable, and skin-friendly materials to enhance comfort and functionality.

The demand for orthopedic braces and supports is largely driven by the global increase in sports injuries, the aging population, and the prevalence of musculoskeletal disorders. As physical activity and sports participation increase across all age groups, so does the incidence of injuries requiring rehabilitation support. Additionally, the world`s aging population is susceptible to conditions like arthritis and osteoporosis, increasing the need for supportive care to maintain mobility and quality of life. Modern technology has also influenced product innovation, leading to the development of smarter, more adaptive devices capable of providing not just support but also therapeutic benefits, such as those equipped with sensors to monitor healing progress.

The growth in the orthopedic braces and supports market is driven by several factors, including technological advancements in fabrication and materials, increased accessibility to orthopedic care in emerging markets, and a heightened awareness of the benefits of preventive bracing. Innovations such as 3D printing and the use of advanced polymers have enhanced the comfort and effectiveness of these devices. Additionally, expanding healthcare infrastructure and growing health expenditures in developing countries have made these critical supports more accessible to a broader audience. Finally, as individuals become more informed about the importance of injury prevention and maintenance of bone health, the demand for orthopedic braces, supports, casting, and splints continues to rise, reflecting a collective move towards proactive personal healthcare.

Select Competitors (Total 146 Featured) -

• Aetna, Inc.
• Bird & Cronin, LLC.
• Active Ankle Systems, Inc.
• Ability Prosthetics & Orthotics, Inc.
• Bauerfeind AG
• BREG, Inc.
• Alcare Co., Ltd.
• Corflex Inc.
• BioPed Franchising Inc.
• BraceAbility
• BioMetrics Prosthetic and Orthotic CT
• Bio-medical Carbon Technology Co., Ltd.
• Advanced Orthopaedics
• Cleverlearn Inc..
• Breo-USA

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