The Growing Demand for Orthopedic Braces and Supports in the Healthcare Industry
The latest release from Maximize Market research titled Orthopedic Braces and Supports Market Research Report 2022-2029 (by Product Type, End-User / Application, and Regions / Countries) provides an in-depth assessment of the Orthopedic Braces and Supports including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles, and strategies. Global Orthopedic Braces and Supports Market study with 100+ market data Tables, Pie Chat, Graphs & Figures is now released BY CMI. The report presents a complete assessment of the Market covering future trends, current growth factors, attentive opinions, facts, and industry-validated market data forecast until 2029.
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.
Introduction of global Orthopedic Braces and Supports market:
The Orthopedic Braces and Supports Market Size report research into the intangible facts surrounding the main restrictions, opportunities, and threats that are likely to affect the industry's development over the forecast period (2022-2029). Other analyses including supply and demand, imports and exports, distribution networks, consumption, and production capacity all play a crucial role in offering business owners, stakeholders, and field marketers a competitive advantage over competitors in the same arena. Moreover, the research considers the weaknesses and strengths of the Orthopedic Braces and Supports market competitors operating in various areas. Analysis of historical and future significant trends that are actively contributing to the growth of the Orthopedic Braces and Supports industry is critical for business owners to develop real business strategies.
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COVID-19 Impact:
COVID-19 has the potential to have three major effects on the global economy: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation throughout the world, believe that the market would provide producers with lucrative opportunities following the COVID-19 difficulty. The purpose of the report is to provide a more detailed representation of the current circumstances, the economic slowdown, and the influence of COVID-19 on the total industry.
Segmentation:
Due to an increase in people with disorders associated to the knee joint, knee braces and supports had the biggest revenue share in 2021. The load on knee joints affected by arthritis is reduced with knee braces. The main consumers of these things are athletes, people who have had knee surgery, persons with arthritis and other joint-related conditions. For the stability of fractures, sprains, ligament injuries, or tendon rips in the foot or ankle region, doctors recommend walking boots. However, this category only makes a small amount of money because of its limited usage. Walking boots can also be divided into pneumatic and non-pneumatic types.
Key Players:
The competitive landscape of the market Orthopedic Braces and Supports Growth provides information by the competitor. The business overview, financials, revenue generated, market potential, R&D investment, new market efforts, global presence, production sites and facilities, production capacity, corporate strengths and weaknesses, product introduction, product width, and breadth, and application dominance are all covered. The aforementioned data points are only related to the businesses' concentration on the Orthopedic Braces and Supports industry. These are the primary characters:
• DJO, LLC (US)
• Zimmer Biomet (US)
• Medtronic(US)
• Stryker Corporation(US)
• Becker Orthopedic(US)
• OPPO MEDICAL INC(US)
• Langer Biomechanics(US)
• Integra LifeSciences Corporation(US)
• Globus Medical(US)
• Frank Stubbs Company(US)
• DeRoyal Industries(US)
• Johnson & Johnson Services, Inc(US)
• NuVasive, Inc(US)
• Weber Orthopedic LP. DBA Hely & Webe(US)
• Össur(Iceland)
• OTTOBOCK(Germany)
• BSN medical( Germany)
• AC Mould Engineering Limited(China)
• Ascent Meditech Limited( India)
• Alcare Co., Ltd(Japan)
Regional Analysis:
The five key geographical regions of the Orthopedic Braces and Supports market industry are North America (the United States, Canada, and Mexico), Europe (the United Kingdom, Germany, France, Italy, Russia, Sweden, etc.), Asia-Pacific (China, Japan, South Korea, India, Australia, ASEAN, and Rest of APAC), South America (Brazil, Argentina, etc.), and the Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and Rest of ME&A).
Research methodology:
- Top-down and bottom-up methodologies are employed to estimate and validate the size of the global Orthopedic Braces and Supports market overview. A comprehensive list of noteworthy and active players is compiled by gamers who diligently follow the company's numerous classification requirements. The companies that are most relevant to the market under examination are chosen after a thorough validation procedure.
- Preference lists are created using commercial databases like Factiva, Bloomberg, and others and are organised in accordance with the revenue generated in the most recent quarter.
- Additionally, the questionnaire was created expressly to suit all requirements for gathering primary data in an appointment-only manner, depending on the main target groups. This facilitates our ability to gather data on a variety of topics, including player earnings, operating costs, profitability margins, and the expansion of various goods and services. The World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and other sources are used to verify about 70-80% of the data before it is used.
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