Global Spinal Braces Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Spinal Braces Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Spinal Braces controls back pain by restricting movement and compressing the abdomen to unload intervertebral discs, vertebrae and other spinal structures; Stabilize fragile or injured structures by fixing the spine; Provide three-point force system to provide correction or prevent deformity development. Spinal Braces can be divided into Off-the-shelf Spine Braces and Custom Spine Braces.

Market Overview:

The latest research study on the global Spinal Braces market finds that the global Spinal Braces market reached a value of USD 794.78 million in 2022. It’s expected that the market will achieve USD 1171.75 million by 2028, exhibiting a CAGR of 6.68% during the forecast period.

Influence of COVID-19 Outbreak on Spinal Braces Industry Development

In 2020, economic and political risks will be intertwined. Trade tensions continue to pose major risks to the global economy, and the outbreak of the new coronavirus (Covid-19) has also disrupted trade and supply chains. Since the beginning of the year, the global death toll from the new crown epidemic has exceeded one hundred million, and this number continues to rise. In addition, many more people suffer from severe illness. This year, it is estimated that nearly 90 million people will fall into extreme poverty. Low-income people or people living in areas with high unemployment need income to make ends meet, such as food and rent. There is no additional expenditure for non-necessities for the time being. However, as the epidemic is brought under control in many places and the economy is gradually recovering, more and more people will reserve more expenditures for health problems. With the re-prosperity of the global economy, people pay more and more attention to health problems, treatment of intervertebral disc degenerative diseases (DDD) and correction or prevention of deformity development. Spinal Braces industry will develop accordingly.

The increase of people's spine prevalence rate will expand the demand for Spinal Braces

Spinal diseases are some of the most common health diseases affecting adults. Adult spinal deformity (ASD) is a general term for a series of complex spinal diseases that lead to spinal deformity. The incidence of ASD increases with age. It is reported that the prevalence rate of patients over 50 years old is 32%, and that of patients over 70 years old is 68%. In addition, due to the increasing incidence rate driven by many factors, ASD is the highest ranked disease in the global disease burden estimation.
Rib uplift, pelvic or shoulder height imbalance are common among adolescents. Refractory back pain, sciatica, weakness or numbness of legs and difficulty in gait are common causes of adult correction. In the milder spinal deformity, Spinal Braces may be an option for young patients. In this case, the spine may be encouraged to become straighter. Adults may use Spinal Braces to relieve some pain, but this will not correct the deformity.
Degenerative disk disease (DDD) is an age-related disease, which occurs when one or more intervertebral discs between vertebrae of the spine deteriorate or rupture, resulting in pain. Symptoms usually worsen with age. In most developed countries, the population lives longer and the number of elderly people increases. Recently, Asian and European countries are facing the problem of population aging. With the increase of aging population, the prevalence rate of Degenerative disk disease (DDD) may increase greatly. Spinal Braces is used to relieve low back pain associated with degenerative disk disease, trauma or posture deformity.
The increase of people's spine prevalence rate will expand the demand for Spinal Braces, thus promoting the development of Spinal Braces industry.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Otto Bock is one of the major players operating in the Spinal Braces market, holding a share of 23% in 2021.

Otto Bock focuses on World Leader in external Prosthetics, Myoelectrics, Prosthetic Microprocessor Knees, Custom Orthotics, Rehabilitation, Wheelchairs, Socket technology, Prosthetic Feet and Prosthetic Manufacturing. The company has over 240 of its own patient care centers worldwide.

DJO is a global provider of high-quality orthopedic devices. With more than five thousand employees in more than a dozen facilities around the world, DJO Global is dedicated to enabling people to live their lives to the fullest by providing intelligent medical devices and services from injury prevention to rehabilitation.

Segmentation Overview:

Among different product types, Off-the-shelf Spine Braces segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Adult segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Spinal Braces market covered in Chapter 3:

Proteor
Thuasne
Essity
Ossur
Hanger Clinic
Ascent Meditech Ltd.
Trulife
Blatchford
Deroyal Industries
Otto Bock
Aspen Medical Products
Breg
DJO Global
Boston O&P
Bauerfeind AG

In Chapter 4 and Chapter 14.2, on the basis of types, the Spinal Braces market from 2018 to 2029 is primarily split into:

Off-the-shelf Spine Braces
Custom Spine Braces

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Spinal Braces market from 2018 to 2029 covers:

Adult
Children

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)