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The orthopedic support systems industry is fragmented in nature, with companies competing to offer superior orthopedic support systems in this business space. Prominent players such as 3M Company, Bauerfeind AG, Envois (DJO Global, Inc.), and Ossur Corporate hold a significant share in this market. These companies are diligently directing their efforts towards continuous type innovation to gain substantial market share.
Some of the eminent market participants operating in the orthopedic support systems industry include:
The braces & support segment was valued at around USD 2.2 billion in 2022 and is expected to exhibit substantial growth during 2023-2032, driven by an increasing number of knee injuries and technological advancements.
Orthopedic support systems industry was valued at USD 3.6 billion in 2022 and is projected to reach over USD 6.9 billion by 2032, driven by an increasing prevalence of orthopaedic diseases, growing public awareness pertaining to preventive care, and technological advancements.
3M Company, Alcare Company Ltd, Aspen Medical Products, Bauerfeind AG, Bird & Cronin, Incare are some of the major industry contenders.
The U.S. dominated the North American orthopedic support systems market in 2022 and expected to reach more than USD 2.5 billion by 2032 driven by the presence of leading industry players, and rising incidence of orthopedic diseases.