Asia-Pacific Orthopedic Braces and Supports Market By, Product (Ankle Braces and Supports, Foot Walkers and Orthoses, Hip, Back, and Spine Braces and Supports, Knee Braces and Supports, Shoulder Braces and Supports, Elbow Braces and Supports, Hand/Wrist Braces and Supports, Facial Braces and Supports), Type (Soft and Elastic Braces and Supports, Hard and Rigid Braces and Supports, Hinged Braces and Supports), Application (Preventive Care, Ligament Injury, Post-Operative Rehabilitation, Osteoarthritis, Compression Therapy, Other), End User (Hospitals, Clinics, Home Healthcare, Others), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific)- Industry Trends and Forecast to 2029.
Market Analysis and Insights: Asia-Pacific Orthopedic Braces and Supports Market
The orthopedic braces and supports market is expected to witness market growth at a rate of 5.80% in the forecast period of 2022 to 2029, and is estimated to reach the value of USD 1.35 billion by 2029. Data Bridge Market Research report on orthopedic braces and supports market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector globally is escalating the growth of orthopedic braces and supports market.
Orthopedic braces and supports refer to the medical equipment that are used to alleviate chronic pain or temporary discomfort while recovering from road accidents, sports injuries and musculoskeletal disorders. These devices are widely utilized for aligning, stabilizing and protecting a particular part of the body, especially joints, muscles, and bones in the feet, spine, shoulders, hips, knees and ankle.
The rise in the prevalence of orthopedic diseases and disorders across the region acts as one of the major factors driving the growth of orthopedic braces and supports market. The increase in number of sports and accident-related injuries owning to the rising the outdoor activities and continuous product commercialization accelerate the market growth. The rise in the adoption of the orthopedic braces and supports devices owning to the greater product affordability and market availability, and growth in public awareness related to preventive care further influence the market. Additionally, technological advancements, development in the healthcare infrastructure, rapid adoption of microsurgery and favorable government initiatives to enhance the existing healthcare system positively affects the orthopedic braces and supports market. Furthermore, development of customized products with advanced data sensors and synchronization systems by manufacturers extend profitable opportunity to the market players in the forecast period of 2022 to 2029.
On the other hand, limited patient qualification for bracing-mediated orthopedic treatment and limited clinical evidence to support the therapeutic efficacy of orthopedic braces are expected to obstruct the market growth. Significant adoption of pain medications is projected to challenge the orthopedic braces and supports market in the forecast period of 2022-2029.
This orthopedic braces and supports market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on orthopedic braces and supports market Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Orthopedic Braces and Supports Market Scope and Market Size
The orthopedic braces and supports market is segmented on the basis of product, type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the orthopedic braces and supports market is segmented into ankle braces and supports, foot walkers and orthoses, hip, back, and spine braces and supports, knee braces and supports, shoulder braces and supports, elbow braces and supports, hand/wrist braces and supports, and facial braces and supports. Hip, back, and spine braces and supports are further segmented into neck and cervical spine braces and supports, and lower spine braces and supports.
- On the basis of type, the orthopedic braces and supports market is segmented into upper extremity, lower limb neck and spine and pelvis-hip-femur. The upper extremity is further sub-segmented into elbow and forearm, wrist-hand and shoulders. The lower extremity is further sub-segmented into foot and ankle and knee-tibia. The spine and neck is further sub-segmented into head-cervical spine, thoracic spine-thorax and lumbar spine. The braces and support is further sub-segmented into milwaukee brace, boston brace, wilmington brace, charleston bending brace, providence brace and cervical spine brace.
- On the basis of application, the orthopedic braces and supports market is segmented into preventive care, ligament injury, post-operative rehabilitation, osteoarthritis, compression therapy and other.
- On the basis of end user, the orthopedic braces and supports market is segmented into hospitals, specialty clinics and ambulatory services.
Asia-Pacific Orthopedic Braces and Supports Market Country Level Analysis
The orthopedic braces and supports market is segmented on the basis of product, type, application and end user.
The countries covered in the Asia-Pacific orthopedic braces and supports market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
Japan dominates the Asia-Pacific orthopedic braces and supports market owning to the technological advancements in the region. China is expected to witness high growth during the forecast period of 2022 to 2029 because of the growing demand for advanced devices.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Asia-Pacific orthopedic braces and supports market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Asia-Pacific orthopedic braces and supports market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Asia-Pacific orthopedic braces and supports market. The data is available for historic period 2010-2020.
Competitive Landscape and Asia-Pacific Orthopedic Braces and Supports Market Share Analysis
The orthopedic braces and supports market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to orthopedic braces and supports market.
The major players covered in the orthopedic braces and supports market report are DJO Global, Ossur Corporate, Bauerfeind AG, Breg, Inc., BSN Medical GmbH, DeRoyal Industries, Inc., Otto Bock Healthcare GmbH, Alcare Company Ltd., Oppo Medical, and Trulife, among others.